保险风险证券化

我国巨灾保险风险证券化研究

Research on the Catastrophic Insurance Risk Securitization in China

保险风险证券化&巨灾债券

Insurance risk securitization & catastrophe bond

保险风险证券化在中国发展的基础研究

The Basic Study on Development of Insurance Securitization in China

第五部分提出了我国今后发展保险风险证券化的战略思路和基本步骤。

Chapter five concludes the strategic steps of the development of insurance securitisation in China .

保险风险证券化研究

Research on Securitization of Insurance Risk

浅谈国外保险风险证券化

On Foreign Securitization of Insurance Risks

再谈保险风险证券化

On Securities of Insurance Risk

保险风险证券化是国际资本市场在20世纪90年代兴起的一种金融创新，它能有效地把保险公司的风险分散到资本市场的投资者中。

Since the 1990s the securitization of insurance risk has become an important derivation instrument in capital market .

作为资本市场中的重要衍生产品，保险风险证券化是再保险的有效替代机制。

As an important derivative instrument in capital market , the securitization of insurance risk is an effective substitute to reinsurance .

保险风险证券化作为国际保险市场化解巨灾风险的一项重要创新，也正在为我国保险业所关注。

Catastrophic risk Securitization , as a significant innovation to eliminate catastrophic risk in international insurance market , has been focused on by China 's insurance field .

20世纪90年代出现的保险风险证券化，被国际保险业视为保险在资本市场上的一个重大金融创新，是巨灾风险分散的另一新兴工具。

Insurance-linked securities , emerging at the beginning of 1990s , are shown as an important financial innovation that shifting catastrophe risk from insurance markets to financial markets .

巨灾保险风险证券化作为国际上近十几年来补充巨灾风险保险和再保险的一种风险分散机制，已经越来越显示出其重要性。

As a risk disperse mechanism that internationally complement of catastrophe risk insurance and reinsurance in recent decades , catastrophe insurance risk securitization has already shown more and more importance .

保险风险证券化是近几年来国际风险管理领域的一项重要创新，是对传统保险风险管理手段的替代和补充。

Insurance risk securitization ( IRS ) has been an important innovation in international risk management field currently . Which has also been an substitution and complementarity to traditional methods .

巨灾保险风险证券化的本质是把巨灾风险分散到资本市场上来，利用资本市场的强大容纳力，补充保险市场对巨灾风险的承保能力。

In the essence , catastrophe insurance risk securitization disperses the catastrophe risk to the capital market , making use of the strong capacity of capital market to supplement insurance capacity of catastrophe risk .

然后对我国的保险风险证券化研究做了实证分析，根据我国1954年-2010年间多次洪涝灾害（损失在100亿元以上）的损失数据，并对其损失分布做出拟合。

Then , in we have committed empirical analysis of the insurance risk securitization , based on Chinese data including several times of floods ( loss of 100 billion yuan ) between 1954-2010 , and fitted the loss distribution .

本文分析了保险风险证券化的基本内涵和国内发展巨灾风险证券化的现实基础，认为国内发展该业务还有相当长的路要走。

This paper analyzes the basic meaning of the securitization of insurance risk and the practical basis for developing it domestically , and points out that there will be a long way to go to develop this kind of instrument in China .

而在国际市场上日渐发展的巨灾保险风险证券化为我们提供了一种可能的选择，本文的目的在于以洪涝灾害债券为例说明巨灾债券如何为巨灾风险筹集灾害补偿资金。

And the increasingly development of catastrophe insurance risk securitization in the international market provides us a possible alternative . The purpose of this essay is to set flood disaster bonds as an example of how catastrophe bonds raising disasters compensation funds .

我国保险业风险证券化的可行性研究

A Study on the Feasibility of Securitization of Insurance Risks in China

保险行业方面，风险证券化即负债证券化的研究文章比较多，对保险资产类的证券化研究缺乏系统性的研究。其二，选题具有一定的指导性。

In Insurance industry , the risk securitization research article is usually and lack of systematic research . Second , the topic is instructive .

因此，我国进行巨灾保险创新的要求极为迫切，借助巨灾保险风险证券化工具开拓我国巨灾保险市场。

Therefore , it is extremely urgent for our country to innovate the catastrophe insurance system , and make full use of catastrophe insurance risk securitization tools to develop our catastrophe insurance market .

国外的发展实践表明，保险公司可更多地涉足于资本市场，通过保险风险证券化将风险转移到资本市场。

Experience of developed countries shows that insurance companies can turn to the capital market to shift risks by insurance risky securitization .

保险业务创新是保险创新的重点，本文通过对发达国家保险业务创新的研究，分析了当前保险业务创新中的银行保险、保险风险证券化、网络保险的发展。

The insurance business innovation is the key to the innovation of insurance industry . Through a research in the insurance business innovation in developed countries , the development of bank insurance , insurance risks MBS and net insurance is analyzed in this essay .