Study On Risk Management Of Basic Endowment Insurance Fund In China

Along with the new normal economic development in our country,especially the situation of the accelerated aging of population,the management of the basic endowment insurance fund has presented some new characteristics and development trend.During the operation and management process,the basic endowment insurance fund faces many problems and factors,which have certain uncertainties,thus carrying certain risks.Therefore,study on the risk management of the basic endowment insurance fund has become an essential research issue.Combining with the current development in our country,this paper intends to make an analysis on the risks and problems during the management of the basic endowment insurance fund.It also introduces fuzzy mathematical theory to analyze and evaluate risk management.In the end,basing on the analysis result,the paper puts forwards relevant control measures,which provides some reference for the risk management of the basic endowment insurance fund in our country.Firstly,this paper introduces the present situation of basic endowment insurance policy in China and abroad,and analyzes the problems existing in the management of the basic endowment insurance fund in our country,suggesting that further improvement is needed.Secondly,the paper introduces the relevant concepts and current status of the basic endowment insurance fund.It also introduces risk analysis methods currently used.As an uncertain factor,risks on the basic endowment insurance fund cannot be simply assessed by the quantitative assessment.Therefore,this paper adopts the fuzzy comprehensive evaluation method—combining the analytic hierarchy process(ahp)and fuzzy mathematics method.Thirdly,by analyzing the current situation of the basic endowment insurance fund in our country,this paper points out the mainly existing risks are: policy design risk,fund raising risk,fund investment risk,fund payment risk,external risk,etc.Combining with the fuzzy comprehensive evaluation method,and mainly focusing and making evaluation on the analysis of internal risks such as policy design risk,fund raising risk,fund investment risk and fund payment risk,the paper concludes that the risk rating score is 79.65,which is relatively safe but improvement on strategies still needed.Finally,basing on the evaluation result,from the perspective of policy design,fund raising,fund investment,fund payment and supervision,the paper puts forward corresponding risk control strategies,which intends to provide reference for the risk management of the basic endowment insurance fund in our country.