Búsqueda

The lmplications of the China risk-oriented solvency system on the life insurance market

Recurso Electrónico/Electronic Resource
Registro MARC
Tag12Valor
LDR  00000cab a2200000 4500
001  MAP20180029301
003  MAP
005  20181023172731.0
008  181017e20181001esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
24504‎$a‎The lmplications of the China risk-oriented solvency system on the life insurance market‎$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
7001 ‎$0‎MAPA20180003974‎$a‎Fung, Derrick W. H.
7730 ‎$w‎MAP20077100215‎$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