Evaluation Of The Solvency Of Life Insurance Companies In China Under The C-ROSS

As one of the troikas in the financial industry,insurance has played an increasingly important role in serving the people's livelihood and social security in recent years.At the same time,the public's recognition of insurance is also increasing.As a major segment of the insurance industry,life insurance has always played an important role in pensions,medical care,and precision poverty alleviation.When choosing an insurance company,the insurer hopes to choose a company with good reputation and timely compensation.The ability of this insurance company to pay in time is the solvency of a life insurance company.The regulatory authorities of various countries have scrutinized the solvency of life insurance companies.In 2016,China implemented a new risk-oriented solvency monitoring system,referred to as “compensated second generation”,“reimbursed second generation” and the previous generation solvency regulatory system.The biggest difference is that the shift from scale-oriented to risk-oriented,making the control of risk more stringent and cautious.The performance of China's life insurers in upgrading this solvency regulatory system is a question worth studying.This article is based on this background,and evaluates the performance of China's life insurance company's solvency under the "reimbursement second generation" system.After studying in-depth literature on solvency at home and abroad,this article selects the scientific and measurable internal factors that affect the solvency of life insurance companies under the “reimbursement of second generation” and carries out index processing.In terms of data,the financial data of 57 life insurance companies in 2016 that are reliable are selected as samples for analysis.SPSS software is used to perform factor analysis on the obtained data,and the relationship between factor scores and comprehensive scores is established,and the final factor comprehensive score is obtained.The final factor score is compared with the actual published solvency adequacy ratio,and the cluster analysis method is used to obtain the differences and discuss them.Through the above research,we have obtained the following conclusions:(1)The main influencing factors affecting the solvency of China's life insurance companies under the “reimbursing second generation” are,in descending order,the level of business operation quality,liquidity of capital,the level of soundness of asset investment,and investment.The level of capital management and the rationality of the asset structure.(2)The implementation of the “reimbursement of second generation” has improved and improved the risk control ability of life insurance companies,and the joint venture life insurance companies have stronger risk control capabilities in the second and third pillars.