寿险证券化的发展动态分析  

An Analysis of the Current Development of Life Insurance Securitization

作　　者：谢世清[1] 姚维佳[1] 

机构地区：[1]北京大学经济学院,北京100871

出　　处：《中央财经大学学报》2014年第1期28-33,共6页Journal of Central University of Finance & Economics

基　　金：教育部人文社科研究规划基金项目"基于死亡率风险的寿险证券化理论与实证研究"(编号:12YJA790152)

摘　　要：寿险证券化是指寿险公司通过发行以标的业务现金流为支撑的资产支持证券的过程。金融危机对内含价值证券化和责任准备金证券化的冲击较大,但对风险转移证券化的影响有限。近年来,长寿风险证券化表现活跃,不断涌现出一些新产品,如长寿债券、长寿互换和q远期合约等。与此同时,寿险证券化也呈现出一些新的发展态势。Life insurance securitization refers to the financing or risk transferring process in which a life insur- ance company issues asset-backed securities based on its operating cash flows. Embedded value securitization and reserve securitization were substantially affected by the global financial crisis, but risk transfer securitization was not. In recent years, longevity risk seeuritization has been very active and brought in a series of new products such as longevity bonds, longevity swaps, and q-forwards. Meanwhile, some new development trends also appear in life insurance securitization.

关 键 词：寿险证券化 内含价值证券化 长寿风险证券化长寿债券 

分 类 号：F840.69[经济管理—保险]