Study On The Influence Of New Accounting Standards On The Financial Status Of Insurance Companies In China

This paper Based on the latest revision of the new financial instrument accounting standard,use comparative analysis method to show the changes of the new standard in financial instrument classification and measurement,financial asset impairment accounting,financial asset transfer and hedging accounting.This paper mainly demonstrates the influence on the asset allocation and the main financial situation of our insurance company.Based on the present situation of China's insurance fund allocation,this paper explains the influence of the new standard on China's insurance companies 'equity asset allocation,bond assets and alternative investment.Moreover,the influence of the new standard on the main financial performance of insurance companies in China is studied,the impact on the profit scale of insurance companies and the solvency of insurance companies in China is analyzed,and the meaning of "compensation for the second generation" is introduced.Finally,taking RB Company as an example,the paper uses case analysis method to collect a lot of relevant data of RB Company,analyzes and studies the impact of the implementation of the new standard on the asset allocation,profit scale and solvency of RB Company,and puts forward the countermeasures based on the estimated results.At the time when the new standard is about to be implemented in the insurance industry,through the study of the new financial instrument accounting standard,it is preliminarily concluded that in order to maximize the equity of shareholders and maintain the relative stability of profits,the most sensible way is to reduce the proportion of equity investment in asset allocation,and change the way of investment behavior so as to reduce the fluctuation of profits.We hope that the insurance company will adapt to the change of accounting standards and adjust the operating plan as soon as possible,so as to maintain steady development.