Research On The Factors Affecting The Solvency Of China's Property Insurance Companies Under The Second-generation Supervision System

The solvency of an insurance company refers to the ability of an insurance company to perform insurance compensation or payment on time.It is not only the key risk control object within the company,but also the main link of insurance supervision.At the beginning of 2015,after the trial operation of the second-generation solvency regulatory framework,the China Insurance Regulatory Commission put forward new requirements for the solvency of insurance companies,and the calculation method of the solvency adequacy ratio of insurance companies also showed some changes,which may trigger its influencing factors.Make a difference.As an important part of the insurance industry,property insurance has a relatively fast growth rate,and the proportion of premium income to total premiums is rising.Therefore,it is of great significance to study the factors affecting the solvency of property insurance companies under the second generation system.In the context of the second generation,this paper first analyzes the solvency and risk status of China's property insurance companies.At present,its solvency is generally stable and stable,and its risk management capability has also improved significantly.However,some property insurance companies have developed too fast and solvency.The downside pressure is relatively high.Due to the irregular use of products and insurance funds,the supervision letter is frequently issued.Then this paper makes a qualitative analysis of the influencing factors affecting the solvency of property insurance companies,covering capital adequacy,asset liquidity,The six aspects of cost management level,underwriting business level,investment income level and reinsurance arrangements;after that,according to the annual report publicly disclosed by the property and casualty company,the comprehensive solvency adequacy ratio and related financial data of 52 major property insurance companies in China were compiled.The panel data model analyzes the influencing factors of the solvency of the property insurance company under the second generation system through empirical research.The results show that the capital ratio,the current ratio and the comprehensive loss rate are significantly correlated with the comprehensive solvency adequacy ratio.Cost ratio,investment yield,reinsurance rate for comprehensive reimbursement The impact of the capacity adequacy ratio is not significant.Finally,in order to improve the solvency of property and casualty companies,based on the results of qualitative analysis and empirical research,we propose targeted recommendations.Property and casualty companies should reasonably increase the amount of capital,effectively allocate asset structure,strengthen underwriting quality management and develop new products to enhance competitiveness.To ensure sufficient and stable solvency.