非寿险公司偿付能力额度和现金管理的研究  

The solvency margin and cash management for non-life insurers

作　　者：任燕燕[1] 张晓[1] 郭金龙[2] 

机构地区：[1]山东大学经济学院,山东济南250100 [2]中国社会科学院金融研究所,北京100732

出　　处：《保险研究》2009年第5期34-41,共8页Insurance Studies

基　　金：国家社会科学基金重点项目(07AJY009);山东省自然科学基金(Y2007A03)

摘　　要：本文运用2001年～2006年20家保险公司的面板数据,比较分析了基于保险监管与基于比率法得到的最低偿付能力额度的差别,认为目前我国保险公司最低偿付能力额度制定过低,并且发现我国基于净赔款支出的方法在偿付能力额度制定中不能发挥作用;实证研究了保险公司现金持有量的影响因素,认为中资保险公司现金持有量主要受资产负债率、投资收益率、非投资资产率和流动资产率四个因素的影响,而外(合)资保险公司的现金持有量则主要受赔付率和非投资资产率的影响,差异较大。Based on 20 insurance companies＇ panel data from 2001 to 2006, this paper analyzed the difference between the lowest solvent amount determined by the insurance regulation and the amount determined by the ratio method. It reached the conclusion that the minimum required solvent margin was too low, and that the method based on net claims payout was not useful in determining the solvency margin. Furthermore, this paper analyzed factors that impacted the insurer＇s cash holdings. It found out that domestic-insurers＇ cash holdings were mostly affected by their asset liability ratio, investment yield, ratio of non-investment assets, and the ratio of current assets, while for foreign-invested insurers, claims payment ratio and non-investment assets ratio were the main factors.

关 键 词：保险监管 偿付能力 现金持有量 面板数据模型 

分 类 号：F840.32[经济管理—保险]