摘要
投资产品的多元化在为保险公司带来丰厚收益的同时,也会带来更多的风险。目前,我国保险资金直接进入股市已经进入实质性操作阶段,加强其资产负债匹配风险的管理已刻不容缓。资产负债匹配风险是保险公司所面临的产品定价风险、资产信用风险、利率风险以及现金流量逆向选择等风险的综合结果。该风险可以通过静态的债券贡献策略以及动态的利率敏感现金流分析策略、久期免疫策略和动态财务分析等技术方法进行有效的管理。
Diversification of investment products undoubtedly brings proceeds to insurance cmnpanies, but meanwhile it can lead to more risks to them. Insurance companies in China are currently allowed to directly invest in stock market, so there is no time to delay in implementing asset - liability matching risk management. Asset - liability matching risk is the compositive result of pricing risk, asset credit risk, interest rate risk and cash flow adverse selection risk. It can be effectively controlled by static bond contribution strategy, and dynamic methods including interest rate - sensitivity cash flow analysis, duration immunity strategy and dynamic financial analysis.
出处
《哈尔滨商业大学学报（社会科学版）》
2006年第5期9-11,70,共4页
Journal of Harbin University of Commerce:Social Science Edition
关键词
资金入市
资产负债匹配风险
偿付能力
现金流匹配
Direct investment in capital market
Asset - liability matching risk
Solvency
Cash flow matching
