چکیده مقاله
This paper focuses on the relationship between life insurance and the investment environment combine with econometrics qualitative analysis and quantitative analysis methods, and analyzes that systemic risks of life insurance industry may be caused by interest rate and stock price, so that we should always regard system of prudent macro management as the regulatory standards to take precautions against systemic risks, and suggests that foreign insurance companies should take reasonable strategies to diversify their risks Firstly, this paper theoretically analyzes why the relationship between life insurance and the investment environment exists and considers the situation of China combined with the research in the world, and draws the conclusion that the life insurance will be affected by interest rate and stock market more obviously in China Secondly, to find out the relationship accurately, this article quantifies their lead lag relationship by using Wavelet Transform and Granger Test of Causality Finally, a further research shows that investment linked insurance and universal insurance have a higher correlation with investment environment The main businesses of foreign insurance companies are these kinds of products, so that they are facing more risks This article proposes that they should take reasonable strategies and keep a stable management, and points out that it is an advisable choice for Chinese insurance industry to guide consumers to diversify their risks and allocate their asset
کلیدواژهها
نویسندگان
Xu Xu
Insurance School, Central University of Finance and Economics ۳۹ south college Road, Haidian District, Beijing ۱۰۰۰۸۱, P R China
شیوه ارجاع
Xu, Xu,1390,Risk Caused by Investment Channel and Its Management Measures in Insurance Companies Empirical Analysis of Chinese Insurance Industry by Wavelet Transform,18th National and 4th International Conference on Insurance and Development,Tehran
ارائهشده در
مجموعه مقالات هجدهمین همایش ملی و چهارمین سمینار بین المللی بیمه و توسعه8 آذر 1390 · تهران