The lmplications of the China risk-oriented solvency system on the life insurance market
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20180029301 | ||
| 003 | MAP | ||
| 005 | 20181023172731.0 | ||
| 008 | 181017e20181001esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a341 | ||
| 245 | 0 | 4 | $aThe lmplications of the China risk-oriented solvency system on the life insurance market$cDerrick W. H. Fung...[et.al] |
| 520 | $aThe China Risk-Oriented Solvency System (C-ROSS) was fully implemented in 2016. We analyse the effects of C-ROSS on the financia] position, product oox and asset allocation of life insurers in the Chinese insurance market. Based on a data set of 66 life insurers, we find that the solvency position of life insurers specialising in writing long-term traditionallife products with heavy protection elements improves under C-ROSS, but that the insurers are more vulnerable to decreases in interest rates. In contrast, the solvency position of life insurers specialising in writing short-term endowments and high cash value products deteriorates. C-ROSS also incentivises life insurers to consider asset- liability duration matching, accounting classification of fixed-income assets and underlying risks of equity investments when formulating their investment strategies. Life insurers may find it difficult to manage interest rate risk under C-ROSS due to the Jack of available long-term bonds in the Chinese financial market. A stock market . boom has a slightly negative effect on life insurers' solvency ratios, and most life insurers can survive a severe market crash due to the pro-cyclical component embedded in the mínimum capital requirements. | ||
| 650 | 4 | $0MAPA20080564254$aSolvencia II | |
| 650 | 4 | $0MAPA20080591182$aGerencia de riesgos | |
| 650 | 4 | $0MAPA20080570590$aSeguro de vida | |
| 651 | 1 | $0MAPA20080644178$aChina | |
| 700 | 1 | $0MAPA20180003974$aFung, Derrick W. H. | |
| 773 | 0 | $wMAP20077100215$tGeneva papers on risk and insurance : issues and practice$dGeneva : The Geneva Association, 1976-$x1018-5895$g01/10/2018 Volumen 43 Número 4 - octubre 2018 , p. 615-632 | |
| 856 | $yMÁS INFORMACIÓN$umailto:centrodocumentacion@fundacionmapfre.org?subject=Consulta%20de%20una%20publicaci%C3%B3n%20&body=Necesito%20m%C3%A1s%20informaci%C3%B3n%20sobre%20este%20documento%3A%20%0A%0A%5Banote%20aqu%C3%AD%20el%20titulo%20completo%20del%20documento%20del%20que%20desea%20informaci%C3%B3n%20y%20nos%20pondremos%20en%20contacto%20con%20usted%5D%20%0A%0AGracias%20%0A |