Research Of The Investment Portfolio Strategy Of Insurance Funds Under The New Deal Background

In recent years,China’s insurance regulators published for a number of policies and regulations,the insurance funds to invest in the field is no longer limited to fixed-income bank deposits and bonds and other assets,but the deposits,bonds,funds,stocks,foreign investment in the banking and other fixed-income combination use patterns assets and equity income and global asset transition.By 2014,China’s insurance industry premium income exceeded 2 trillion,the size of assets reached 10 trillion,the balance of the insurance funds and investment yields are high.At present,China’s insurance fund is facing an unprecedented investment in new opportunities and challenges.Venture capital investment is the key to how to choose a portfolio,which not only affects the insurance company’s own operating results,but also to the insured and the interest of investors.Therefore,the study of insurance funds investment portfolio optimization strategy is important.The ultimate aim of this paper is to study the portfolio optimization strategy of insurance capital investment,and to provide the reference and reference for the optimal allocation of investment portfolio and the improvement of investment fund efficiency.This paper studies and analyzes the optimal investment portfolio theory of insurance investment in China under the background of the old government and the New Deal.This paper consists of four chapters.The first chapter is the introduction,mainly introduces the research background and the significance,combs the domestic and foreign literature,briefly explains the research content and the method.The second chapter analyzes the development course of China’s insurance fund investment,and gives a brief summary and analysis of the various investment channels of the insurance funds approved by the CIRC.The third chapter introduces the VaR model theory and investment portfolio of research and development process.In the fourth chapter,the optimal investment portfolio of the insurance industry under the new policy and the old one is calculated and compared with the actual investment rate of 6.3% in the real capital market data from 2014 to 2015,respectively.At the same time,combining with the insurance industry,the proportion of the actual investment ratio of the major categories of channel analysis,proposed insurance portfolio optimization strategy.The fifth chapter is the conclusion of this paper.The main conclusions of this paper are as follows: the investment structure of insurance capital is irrational and the proportion of equity assets is too large,which leads to the higher risk level of the whole portfolio,which is related to the safety of insurance fund and the stability of investment income.,The insurance companies can reduce the risk level of investment portfolio and improve the efficiency of investment by adjusting the asset allocation level and choosing the fixed-income assets with low risk and small profits while maintaining the existing investment income level.The innovation of this paper is as follows:(1)Based on the new policy of insurance fund supervision by CIRC,this paper uses RAROC as the evaluation standard,based on the VaR method in the background of actual historical data,and analyzes the new and old policies to optimize the investment performance of insurance funds through the given income level Configuration.(2)Compare the optimal allocation of investment portfolio with the portfolio of real insurance industry,so as to get the practical suggestions.