A Study On Improving The Carrier Method To Decide The Minimum Capital Of Insurance Risk In Life Insurance Products Based On C-ROSS

With the rapid development of China's insurance market,the solvency system of China needs to keep pace with the times.In 2012,the China Insurance Regulatory Commission initiated the construction of China's risk-based solvency system.After the CIRC and make unremitting efforts to China insurance industry for three years,and plenty of industry test,February 2015,C-ROSS 17 regulatory rules and the transition period of trial operation scheme by the China Insurance Regulatory Commission officially issued,marking the transition period of insurance compensation of two generation and officially released into the implementation of the.In January 2016,the China Insurance Regulatory Commission announced the formal implementation of the insurance company solvency regulatory rules(No.first-seventeenth),and the solvency supervision of China's insurance companies has entered a new chapter.Compared with the CI,C-ROSS is no longer a scale oriented,but a risk oriented,with the "three pillars" system as the core.The insurance business can quantify risks,namely,insurance risk,market risk and credit risk.In the C-ROSS of the 17 rules of supervision,No.5,No.7 and No.8 respectively stipulate the measurement of insurance risk,market risk and minimum credit risk.In order to actuarial model operation and improve the operation efficiency of the actuarial model,"standard practice standards" provisions:actuarial assessment of personal insurance value,the insurance company according to the relevant provisions of the CIRC requires the calculation of the minimum capital evaluation time,forecast the minimum wage point by vector prediction method.Based on the study of compensation based on the two generation of quantitative capital requirements focuses on the vector method,by comparing the carrier method calculated the minimum capital of life insurance products insurance and life insurance products have the lowest risk capital value of the evaluation vector method,and makes research and Analysis on carrier method used by now of life insurance companies,hoping to better in the regulatory level reflect the minimum capital value.This paper is divided into six chapters.The first chapter is the introduction.This chapter makes a brief introduction to the significance and background of this topic,literature review,research methods and research content,and finally describes the innovation and shortcomings of this article.The second chapter is the overview of China's solvency regulation system.This chapter mainly introduces the emergence,development and reform process of solvency supervision system in china.Analysis of the compensation generation can no longer meet the needs of the development of the insurance industry in our country,and explain the characteristics and advantages of the two generation.The third chapter is the summary of the minimum insurance risk calculation method of the two generation.This chapter mainly introduces the regulation of the minimum insurance capital under the two generation rules,and the method and principle of calculating the minimum capital by the carrier method.The fourth chapter is the research on the defects of Carrier Method--Based on the comparison of situational approach.In this chapter the author will establish the actuarial model are introduced,a list of actuarial assumptions used in actuarial models,then calculate the minimum capital of an insurance company with supervision method and life insurance products under load method.And compare the two,and analyze the deviation of the minimum capital of the life insurance products by the carrier method and the defects of the carrier method.The fifth chapter is the improvement of Carrier Method.This chapter will be based on the characteristics of vector method to analyze the carrier method,and put forward the improvement of the insurance risk prediction vector minimum capital predictors and insurance risk minimum capital,between the improved vector method and Situational Method smaller deviation.The sixth chapter is the conclusion and suggestion.This chapter mainly sums up the conclusion of this paper,and makes a summary of the improvement suggestion of the carrier method put forward in the preceding chapter.