中国人身保险业经验生命表(2023)对寿险行业的影响研究  

Research on the influence of the China Life Insurance Mortality Table(2023)on the Life Insurance Industry

作　　者：郭金龙[1,2] 马凤娇 GUO Jinlong;MA Fengjiao

机构地区：[1]中国社会科学院金融研究所 [2]中国社会科学院保险与经济发展研究中心 [3]北京大学经济学院

出　　处：《价格理论与实践》2024年第11期52-58,共7页Price:Theory & Practice

摘　　要：2023年12月,中国精算师协会发布《中国人身保险业经验生命表(2023)(征求意见稿)》。本文首先比较了2023版和2013版生命表在结构和内容方面的变化,然后对定期寿险、终身寿险、年金保险和两全保险纯保费的变化幅度进行数值模拟,进而分析对消费者和保险公司的影响。研究表明:在需求侧,切换生命表对不同寿险产品造成差异化影响,但总体而言不会产生较强的价格风暴效应;在供给侧,长寿风险加剧对保险公司的风险管理提出更高的要求,保险公司在调整现有风险对冲工具的基础上,还应借助资本市场化解长寿风险。In December 2023,the China Association of Acturies released the China Life Insurance Mortality Table(2023)(draft for comments).This paper firstly compares the changes in structure and content between the 2023 version and the 2013 version of the mortality tables,then conducts numerical simulations to assess the variations in pure premiums of term life insur-ance,whole life insurance,annuity insurance and endowment insurance.On this basis,this paper evaluates the impact on both consumers and insurers.The results reveal that,on the demand-side,switching to the new mortality tables exerts different in-fluence on the consumption of various life insurance products,but it does not generate strong price shock overall;on the sup-ply-side,the exacerbation of longevity risk sets a higher standard for the risk management of insurance companies,who are supposed to adjust their existing risk hedging tools and leverage the capital market to resolve longevity risk.

关 键 词：长寿风险 寿险 生命表 

分 类 号：F83[经济管理—金融学]