The Analysis Of The Solvency Of The Mutual Insurance Company Which Is Based On Generalized Gray Correlation Model

On January11,2005,the first domestic mutual insurance company in China-the Sunlight Agricultural Mutual Insurance Company which summarized14years the successful experience of agricultural risk and mutual assistance in HeiLongjiang province was consented by the State Council, approved by the China Insurance Regulatory Commission and registered in the State Administration. The establishment of mutual insurance company for HeiLongjiang agricultural production provide the risk guarantee. Mutual insurance companies in foreign developed countries has developed more than one hundred years which have the perfect laws and regulations and the practice of mature experience.But the concept of mutual insurance company system in our country is still very fresh. The establishment of the Sunlight Agricultural Mutual Insurance Company to explore suitable for China’s agricultural development characteristics of mutual insurance company system provides the theoretical basis and practical experience. The Sunlight Agricultural Mutual Insurance Company as the spread the risk of agricultural insurance organization provides the risk guarantee for HeiLongjiang province agriculture and enrich the supply main body of policy agricultural insurance development.Mutual insurance company is as a kind of special insurance organizational forms.The essence of the mutual insurance is that the members are the insurer and the insured.But mutual insurance company as a form of insurance organization is also a special agency that operate risk. It charge premiums and pay duty time is different.So the analysis of the mutual insurance company solvency is equally important. The current law and regulations of solvency regulation and the study of solvency is aimed at the joint-stock insurance companies, the study of mutual insurance company solvency is still blank. This article is precisely based on this, using relevant knowledge of insurance and the generalized gray correlation model. Analyzing the elements influencing the solvency of the agricultural mutual insurance company.Firstly, this article analyzes that the operation and management efficiency and payment have the greatest influence on the company’s solvency and the investment level has the less effect on the company’s solvency. Secondly, this article analyzes the factors of absolute quantity affect solvency or changes affect the speed of solvency and analyzes the factors of influence on solvency. Finally, this article analyzes the mutual business having greater impact on company’s solvency than the non-mutual business. So we can provide the theory basis for risk monitoring strategy for agricultural mutual insurance company having focus on arrangements.This article is mainly composed by five parts:The first part describes the background and significance of the topics, domestic and international literature review, research ideas, structure arrangement and lack of innovation of this article.The second part respectively introduces the basic concepts of mutual insurance company, solvency and the generalized gray correlation model.The third part mainly analyzes the potential solvency risk of the agricultural mutual insurance company.This chapter firstly introduces development present situation of the sunlight agricultural mutual insurance company. Then this part analyzes the company’s operation and management of the concrete practice condition. Finally this part analyzes the potential solvency risk of the agricultural mutual coming from agricultural insurance with the characteristic of high cost, high risk and high cost, the limitations of mutual insurance itself nature and mutual insurance company without the support of capital managing the non-mutual business.The fourth chapter is about agricultural mutual insurance company solvency for quantitative analysis. This part uses the sunlight agricultural mutual insurance company solvency as the research object and uses the generalized gray correlation model. Firstly,it analyzes the factors to different degrees of influence on company’s solvency. Secondly, this article analyzes the factors of absolute quantity affect solvency or changes affect the speed of solvency, deeply analyzes the factors of influence on solvency.Finally, this part respectively analyzes the mutual business and the non-mutual business influence on the company’s solvency.The fifth chapter is the summary of the full paper. Firstly this part on the basis of the quantitative analysis of agricultural mutual insurance company solvency put s forward to the advice that prevents potential risks of agricultural mutual insurance company solvency.Then this part summarizes the advantages of this paper.Finally this part discusses the further problems to be resolved.