论文部分内容阅读
在金融证券化和保险金融化的世界潮流中,于九十年代出现的保险风险证券化,作为一种金融创新,正日益受到人们的关注。西方的投资银行、保险公司、商业银行和保险经纪人都在积极研究保险风险证券化,专注于设计开发包括保险债券、保险衍生产品等在内的风险转移工具来挑战传统的效率低下的保险业,以达到转移风险的目的。到1998年9月止,投资者通过巨灾风险证券化工具投向保险业的资金已达27亿美元。实践表明保险风险证券化是一个通过资本市场转移保险风险的有效方式,它对保险业乃至金融业的发展带来了重大影响。
In the world trend of financial securitization and insurance financialization, securitization of insurance risks that emerged in the 1990s is increasingly attracting much attention as a kind of financial innovation. Western investment banks, insurance companies, commercial banks and insurance brokers are actively studying the insurance risk securitization, focusing on the design and development of risk transfer tools, including insurance bonds, insurance derivatives and other tools to challenge the traditional inefficient insurance industry , In order to achieve the purpose of transferring the risk. By September 1998, investors had invested 2.7 billion U.S. dollars in insurance funds through catastrophe-risk securitization tools. Practice shows that insurance risk securitization is an effective way to transfer insurance risks through the capital market, which has a significant impact on the insurance industry and even the development of the financial industry.