Research Of Pricing Risk On Housing Reverse Mortgage Pension Insurance Products In China

At this stage,China has faced a severe problem of population aging,the elderly population is the largest and the highest growth rate in the world,and the support of the existing old-age security system has become more and more insufficient.In the face of the continuous growth of the proportion of the elderly population in the total population,the decline of the newborn labor force population year by year,and the construction of the existing pension financial security system cannot meet the needs of the elderly.In the case of vigorously developing pension finance,it has become inevitable to promote the benign development of the pension industry.In particular,the rapid development of the real estate market,the continuous improvement of the housing rate of the elderly,and the emergence of a new model of family four-two-one have made the willingness of the elderly to stay at home continue to increase,and the willingness to rely on their children for the elderly has been continuously reduced,so exploring housing reverse mortgage pension products with pension functions as a useful supplement to the traditional pension model is conducive to reducing the burden of social pension and the pressure on families to provide for the elderly.Based on the above current situation research,this paper sorts out the development history and rich experience of domestic and foreign literature on housing reverse mortgage pension insurance products,and analyzes the main factors affecting the life expectancy,housing price fluctuations and interest rate changes of housing reverse mortgage insurance product pricing through the study of the theoretical knowledge related to housing reverse mortgage loans such as asset allocation theory,insurance actuarial theory,demand theory,etc.,through the comparison of different pricing methods.The pricing model of residential reverse mortgage insurance products based on insurance actuarial pricing theory was determined,and Matlab,SPSS,R language,etc.were used to predict the changes in housing reverse mortgage interest rates and the fluctuation trend of housing prices.The pricing model is used to analyze the influencing factors of the pricing risk of residential reverse mortgage products,and at the same time,according to the factors affecting the pricing risk evaluation index of housing reverse mortgage pension insurance products,the evaluation index system is determined,combined with the fuzzy comprehensive evaluation method,the weight is calculated by the entropy method,and the statistical analysis is carried out.Finally,combined with the analysis of the pricing model of housing reverse mortgage pension insurance products and the analysis of pricing risk indicators,some specific measures and suggestions are put forward for the risk management of housing reverse mortgage pension insurance products in China.