中国平安保险公司保险资金运用研究
摘要
现代保险业的重要特征是发展保险业务和保险资金的运用均衡发展。保险公司已经发展成为具有经济补偿和融通资金双重职能的金融企业。保险资金运用已成为现代保险业生存和发展的重要支柱。保险资金来源主要是保费收入，即对保险人的负债，所以保险公司只有科学、合理地运用好保险资金，才能保证保险公司的偿付能力，确保保险公司持续、稳定的发展。但是，国内各保险公司片面追求保险业务的增长和发展，忽视了保险资金的运用。面对加入WTO后外资保险公司的冲击，资金的压力，竞争的压力和利率的压力，给保险公司的生存和发展带来了不确定性，保险公司资金的运用和风险管理已成为保险公司的重要组成部分。为此，本文选择了平安保险公司的资金运用作为研究对象。
本文概述了平安保险公司资金运用的局限性、紧迫性和重要性，保险资金的构成、运用原则及作用和意义，剖析了平安保险公司资金运用的现状和困境，以及与西方发达国家资金运用方面的差距，并对平安保险公司资金运用方式进行了分析，提出了平安保险公司资金运用具体可行的方式，同时，对平安保险公司资金运用的风险管理进行了阐述，并提出了风险防范的方法，并以债券收益和利率风险为例，说明了进行利率风险管理和增强企业偿付能力的重要性；最后利用资产负债原理对平安保险公司资金运用形式和管理进行探讨。
平安保险公司在开拓业务的同时，必须重视和加强保险资金的运用和风险管理，促进企业的良性循环，提高竞争能力，保障广大投保人的利益。同时借鉴和吸收发达国家在资金运用方面的成功经验，结合我国实际，降低资金持有量和银行存款额度，加强保险资金运用的证券化，以求得稳定、尽可能高的收益。
That paying same attention to insurance business and insurance funds operation is the significant character of modem insurance company. The insurance company has become the finance enterprise with the functions on circulating funds and compensating. Insurance funds operations has been getting important part of modem insurance company's being and development. Insurance funds are Liabilities, because the insurance company is the
enterprise that operating with liabilities .therefore ,Insurance funds must be operated and managed scientifically and properly in order to insurance business developing , Then, make the insurance company development continually and steadily, and strengthen the abilities of compensation .But most of domestic insurance company blindly pursued increase of insurance business, and neglected the insurance funds operation. Facing With foreign insurance company
growing after entering WTO, the most insurance funds, and the interest risk ,led to the insurance company's being and development unsteadily. The insurance funds operation has become the important question to resolve. Therefore , the article select research object is insurance funds operation of Pingan insurance company of China, LID.
The article summarizes the importance and imminence the character, operation principle, the course, confines and acidification of insurance funds operation. It anatomizes the status quote and predicament on channels of funds operation, the disparity with developed countries, And take the consideration on configuration and proportion management of insurance operation channel, it offers suggestion of the Channels of Pingan insurance company of china, LTD
insurance funds should be widened .It expatiates the essentiality of management of operating risk, and illustrates the management of item risk, it discusses the management on interest risk of bond against interest rate risk. Lastly, With asset & liabilities theory, discussing the channels of Pingan insurance company of china, LTD insurance funds operation.
Pingan insurance company of china, LTD should develop and strength the business on insurance funds operation and the risk management energetically at the same time of developing insurance business. Diversifying the investment channels, effectively and safely utilizing the insurance capital play a very impotent role for the competition of Pingan insurance company
of china, LTD in the future. At the same time, we should analyze and study the management of insurance funds operation by the numbers, use for reference .and absorb the succeed experiences of developed countries, combining our practice, strengthening the chockablock insurance funds, in order to gain more profit steadily.
本文概述了平安保险公司资金运用的局限性、紧迫性和重要性，保险资金的构成、运用原则及作用和意义，剖析了平安保险公司资金运用的现状和困境，以及与西方发达国家资金运用方面的差距，并对平安保险公司资金运用方式进行了分析，提出了平安保险公司资金运用具体可行的方式，同时，对平安保险公司资金运用的风险管理进行了阐述，并提出了风险防范的方法，并以债券收益和利率风险为例，说明了进行利率风险管理和增强企业偿付能力的重要性；最后利用资产负债原理对平安保险公司资金运用形式和管理进行探讨。
平安保险公司在开拓业务的同时，必须重视和加强保险资金的运用和风险管理，促进企业的良性循环，提高竞争能力，保障广大投保人的利益。同时借鉴和吸收发达国家在资金运用方面的成功经验，结合我国实际，降低资金持有量和银行存款额度，加强保险资金运用的证券化，以求得稳定、尽可能高的收益。
That paying same attention to insurance business and insurance funds operation is the significant character of modem insurance company. The insurance company has become the finance enterprise with the functions on circulating funds and compensating. Insurance funds operations has been getting important part of modem insurance company's being and development. Insurance funds are Liabilities, because the insurance company is the
enterprise that operating with liabilities .therefore ,Insurance funds must be operated and managed scientifically and properly in order to insurance business developing , Then, make the insurance company development continually and steadily, and strengthen the abilities of compensation .But most of domestic insurance company blindly pursued increase of insurance business, and neglected the insurance funds operation. Facing With foreign insurance company
growing after entering WTO, the most insurance funds, and the interest risk ,led to the insurance company's being and development unsteadily. The insurance funds operation has become the important question to resolve. Therefore , the article select research object is insurance funds operation of Pingan insurance company of China, LID.
The article summarizes the importance and imminence the character, operation principle, the course, confines and acidification of insurance funds operation. It anatomizes the status quote and predicament on channels of funds operation, the disparity with developed countries, And take the consideration on configuration and proportion management of insurance operation channel, it offers suggestion of the Channels of Pingan insurance company of china, LTD
insurance funds should be widened .It expatiates the essentiality of management of operating risk, and illustrates the management of item risk, it discusses the management on interest risk of bond against interest rate risk. Lastly, With asset & liabilities theory, discussing the channels of Pingan insurance company of china, LTD insurance funds operation.
Pingan insurance company of china, LTD should develop and strength the business on insurance funds operation and the risk management energetically at the same time of developing insurance business. Diversifying the investment channels, effectively and safely utilizing the insurance capital play a very impotent role for the competition of Pingan insurance company
of china, LTD in the future. At the same time, we should analyze and study the management of insurance funds operation by the numbers, use for reference .and absorb the succeed experiences of developed countries, combining our practice, strengthening the chockablock insurance funds, in order to gain more profit steadily.
引文
【1】王绪瑾，论后起工业化国家和地区保险投资的演进及其启迪，《南京经济学院学报》，1999．3
【2】栾存存，关于我国保险投资业务的新思路，《财经研究》，1998．10
【3】刘子操等，《保险概论》，中国金融出版社，2000，P253-254
【4】朱武祥，资产证券化与保险资金投资增值，《投资与证券》2001，1
【5】张念，《保险投资》，四川人民出版社，1998，P154-155
【6】曹雪琴，《保险学概论》，中国立信出版社，1997，P290
【7】刘中一，美德日韩医疗保障制度的启示，《中国改革》，2001．12
【8】贲奔，我国保险公司资金运用的问题与对策，《经济科学》，1998．5
【9】中国保险监督委员会，《保险理论与实务》，中国人事出版社，1999，P171
【10】裴光，《中国保险业监管研究》，中国金融出版社，1998，P350-353
【11】胡耀亭，胡建伟，谈保险市场对证券市场的互补，《经济学参考报》，1999-07-30
【12】李驹，胡则成，我国保险产业目前问题及相关证策，《金融理论与实践》，1998．2，
【13】江其务，论中国转轨时期的金融风险，《金融研究》，1999．2
【14】赵会庭，论寿险的风险防范与管理，《保险研究》，1998．9
【15】陈秋云，李景吉，我国商业银行中间业务发展研究，《经济研究》，2001．12
【16】世界银行，《世界发展报告》(1992)
【17】任镜波，陈良，试论如何加强保险公司的风险研究，《保险研究》，1998．21
【18】台湾《保险年鉴》(民国85年)，P383-384
【19】郭杨，关于保险监管的经济分析，《经济评论》，2001．1
【20】周淑燕，南韩保险业发展之梗概，台湾《保险专利》，第47期
【21】霍文文，胡乃红著，《证券投资学》，中国金融出版社，1999，P470-475
【22】雷鹏，我国商业医疗保险发展问题与建议，《宏观经济研究》，2001．1
【23】陈工孟，高宁，中国股票一级市场长期投资回报的实证分析，《经济科学》，2001．12
【24】Harold D.Skipper.Jr:International Risk and Insurance: An EnvironmentalManagerial Approach,1998
【25】杨萍，国债使用方向与国债政策可持续性分析，《宏观经济研究》，2001．11
【26】杜墨，任建畅，论银行和保险业的合作发展，《宏现经济管理》，2001．12
【27】李清芬，投资基金市场结构分析，《当代经济研究》，2002．2
【28】市政府发展中心课题组，上海社保基金投资管理模式献议，《上海经济》，2001．2
【29】史纹青著，《中国商业保险监督管理问题》，经济科学出版社，1999，P70
【30】郑学军，我国金融业经营模式问题之我见，《中国经济问题》，2001．6
【31】International Monetary Fund,International Capital Markers Developments,Prospects,and Policy Issues, Washington, August, 1995.
【32】肖作福，关键在于造就高素质人才，《理论与实践》，2002．1
【33】陶存文，论我国寿险公司的利率风险及其对策，《保险研究》，1999．9
【34】Huebner, S.S.,The Economics of Life Insurance, 1997;
【35】杜颖，保险法的基本原则，《经济与法》，2002．1
【2】栾存存，关于我国保险投资业务的新思路，《财经研究》，1998．10
【3】刘子操等，《保险概论》，中国金融出版社，2000，P253-254
【4】朱武祥，资产证券化与保险资金投资增值，《投资与证券》2001，1
【5】张念，《保险投资》，四川人民出版社，1998，P154-155
【6】曹雪琴，《保险学概论》，中国立信出版社，1997，P290
【7】刘中一，美德日韩医疗保障制度的启示，《中国改革》，2001．12
【8】贲奔，我国保险公司资金运用的问题与对策，《经济科学》，1998．5
【9】中国保险监督委员会，《保险理论与实务》，中国人事出版社，1999，P171
【10】裴光，《中国保险业监管研究》，中国金融出版社，1998，P350-353
【11】胡耀亭，胡建伟，谈保险市场对证券市场的互补，《经济学参考报》，1999-07-30
【12】李驹，胡则成，我国保险产业目前问题及相关证策，《金融理论与实践》，1998．2，
【13】江其务，论中国转轨时期的金融风险，《金融研究》，1999．2
【14】赵会庭，论寿险的风险防范与管理，《保险研究》，1998．9
【15】陈秋云，李景吉，我国商业银行中间业务发展研究，《经济研究》，2001．12
【16】世界银行，《世界发展报告》(1992)
【17】任镜波，陈良，试论如何加强保险公司的风险研究，《保险研究》，1998．21
【18】台湾《保险年鉴》(民国85年)，P383-384
【19】郭杨，关于保险监管的经济分析，《经济评论》，2001．1
【20】周淑燕，南韩保险业发展之梗概，台湾《保险专利》，第47期
【21】霍文文，胡乃红著，《证券投资学》，中国金融出版社，1999，P470-475
【22】雷鹏，我国商业医疗保险发展问题与建议，《宏观经济研究》，2001．1
【23】陈工孟，高宁，中国股票一级市场长期投资回报的实证分析，《经济科学》，2001．12
【24】Harold D.Skipper.Jr:International Risk and Insurance: An EnvironmentalManagerial Approach,1998
【25】杨萍，国债使用方向与国债政策可持续性分析，《宏观经济研究》，2001．11
【26】杜墨，任建畅，论银行和保险业的合作发展，《宏现经济管理》，2001．12
【27】李清芬，投资基金市场结构分析，《当代经济研究》，2002．2
【28】市政府发展中心课题组，上海社保基金投资管理模式献议，《上海经济》，2001．2
【29】史纹青著，《中国商业保险监督管理问题》，经济科学出版社，1999，P70
【30】郑学军，我国金融业经营模式问题之我见，《中国经济问题》，2001．6
【31】International Monetary Fund,International Capital Markers Developments,Prospects,and Policy Issues, Washington, August, 1995.
【32】肖作福，关键在于造就高素质人才，《理论与实践》，2002．1
【33】陶存文，论我国寿险公司的利率风险及其对策，《保险研究》，1999．9
【34】Huebner, S.S.,The Economics of Life Insurance, 1997;
【35】杜颖，保险法的基本原则，《经济与法》，2002．1