Strategic Analysis Of The Optimal Investment Portfolio Of Listed Insurance Companies

With the increasing participation of the insurance market,the entire insurance market has gradually evolved from an oligopoly in the initial stage of reform and opening up to a situation of monopolistic competition.With the continuous maturation of the insurance business,the premium income business and investment business are the two pillars of the profit sources of the insurance companies.Development,gradual transparency of the rate level,the increasingly fierce market competition,making premium income space for development is very limited,but also for the insurance company's main business profits continue to shrink.Therefore,a large number of long-term,stable investment pools accumulated by insurance companies have turned into the core competitiveness of insurance companies in sustaining operation and gaining steady income.Under the precondition that the return rate of capital market in our country is ups and downs and the risk fluctuates greatly,how can listed insurers manage the optimal portfolio of robustness in combination with the actual investment return rate and risk fluctuation in the capital market under the control of certain risk tolerance? Strategy is of great significance.This paper is mainly based on the China Insurance Regulatory Commission(CIRC)under the premise of controlling proportion of regulatory investment in insurance funds,according to the investment efficiency of domestic capital markets,the paper analyzes the optimal insurance strategy of listed insurance companies to promote the steady development of the investment business of listed insurance companies in China.The main idea of the research includes the following parts: The first part mainly summarizes the research background,research significance and the research fields of domestic and foreign scholars concerning the optimal investment portfolio of listed insurance funds.The second part mainly analyzes the development of insurance funds used by listed insurance companies in China History,investment channels,investment scale,return on investment,and risk management.The third part analyzes the actual situation through the actual data.The third part is mainly through the unreasonable investment channels of listed insurance companies,lack of flexibility,low investment return and investment risk Raise,the use of insurance capital is more speculative,vulnerable to the impact of stock market volatility and asset-liability side matching unreasonable and so on put forward the current domestic listed insurance companies in the application of insurance capital investment there are some problems;the fourth part will be listed insurance funds Investment channels are divided into bank deposits,bonds,funds,stocks,real estate and other five aspects,under the supervision of the CIRC regulated regulatory investment proportion of the restrictions,the use of Markowitz model to build the optimal investment portfolio,combined with capital Market risk capital And the return on investment of risk-free assets to calculate the proportion of the optimal portfolio of listed insurers,and use the Sharpe Ratio to evaluate the performance of the model results.The fifth part analyzes the results of the model listed companies in China's listed insurance companies Portfolio strategy put forward feasible suggestion.