Optimal Reinsurance Retention And Its Determinants Of Property Insurance Companies

With the increasing of social wealth,the demand for insurance is increasing.Natural disasters and large and high-risk projects make it difficult for insurance companies to take risks on their own,so direct insurers' demand for reinsurance is growing.At the same time,the provisions of the relevant laws of the state are constantly changing for the protection of the business,and in 2006,China's reinsurance was fully commercialized.However,China's reinsurance market started late,reinsurance technology lagged behind,and the determination of self-retention was the core issue of reinsurance arrangement.Therefore,to explore China's property insurance company in the reinsurance arrangement to determine the factors that influence the retention of extraction and the optimal retention,effectively spread the risk insured,stable company,is very important to maintain good business benefits.Optimal retention model based on the domestic and foreign scholars and research results on the basis of the analysis of influence factors,analysis of effect proportion reinsurance optimal retention conclusions,and with P property insurance company as a case to test and verify the conclusion.The paper is divided into five parts.The first part is introduction,which introduces the background,literature review,research content and research methods of reinsurance self-retention.The second part is based on the research on the influence factors of the existing reinsurance self-retention amount,and the influence factors of five kinds of reinsurance self-retention are summarized in combination with the insurance practice.The third part is the need to use the model generalizes the theory of knowledge,expounds the existing two proportional reinsurance model of the optimal retention,in-depth analysis the model of three conclusions about retention factors.The fourth part is the case of P property insurance company,and the three conclusions of the third part are examined and verified.The fifth part is the conclusion and suggestion,summarizes the results of the study,and puts forward suggestions on the development of the insurance industry from the perspective of property insurance company,reinsurance company and insurance supervision.