Construction And Application Of Pension Financing Model Based On Insurance Actuary

Because of our country's special population structure,the aging is more and more serious.The construction of the pension financing model is based on the reverse mortgage model.Through the evaluation of the future value of the pension financing target,the actuarial method is used to calculate the payment annuity,so that the consumers who purchase the pension financing products can obtain a stable cash flow model.This paper mainly studies and analyzes the pension financing product model,pricing mechanism,insurance company,government and law.At the same time,the development of the old-age financing model in developed countries and regions such as Europe,America and Japan was studied.This paper optimizes the pension financing products based on the actuarial insurance,and upgrades the products according to the financial needs of the elderly people,so that the elderly with different capital needs can get different pensions or even different frequency pensions.Regarding the model hypothesis,the future value hypothesis of the pension financing target of the pension financing model in this paper conforms to the geometric Brownian motion,and the interest rate hypothesis adopts the Vasicek model,and empirically analyzes the pricing of pension financing through the actuarial method and the Monte Carlo method and take the property data of Guangzhou as an example.As a result of the research,in the process of pricing,if financial institutions only make an initial assessment of the future value of the pension financing target,it is unable to fully reflect the change in the value of the financing target.The rationality of the product can be greatly enhanced through regular or irregular evaluations.When the housing market grows steadily,consumers of products can gain value-added portions of the value of the property.When the housing market declines,the insurance company can also adjust the initial value assessment assumptions of the pension financing target,thereby improving the company's ability to resist risks and making the pricing of pension financing products more reasonable and scientific.