The Analysis and Research of the Elements Influencing the Solvency of Non-life Insurance Companies in China
|Keywords||Non-life insurance companies Solvency Grey Relational Analysis|
With the establishment and improvement of China's socialist market economic system , the financial and insurance industry is gradually become an important driving force for China's economic development , and at the same time , its risk is also increasing . From the perspective of the non-life insurance market , how to analyze and evaluate the risk of non - life insurance company 's solvency , as well as how to improve China 's non- life insurance industry solvency as well as how to improve the relevant solvency risk regulatory efficiency are our problems to be solved in the course of the development of the insurance industry . The significance of which is proposed in this paper to the \Solvency is not explicitly defined in the insurance economics literature , basic words , compare accepted definition is : the solvency of insurance companies to bear the financial ability to pay all maturing debt and future obligations . For non-life insurers , the solvency of non- life insurance companies have assumed the risk and compensation capacity , it reflects a relationship between the assets and liabilities of insurance companies . China People's Insurance AG six -funded non - life insurance company data for the analysis of samples by the internal and external factors that affect the non- life insurance company solvency gray relational analysis ( including Absolute Grey Correlation Degree , relatively gray correlation degree and gray associate degree ) , to quantify the various factors affect the degree of solvency as well as factors , so that readers have an intuitive understanding of their impact ; and the view of the Chinese People's Insurance AG in the unique position of the non-life insurance market in China , the paper its 2001-2003 data samples for separate analysis ; the same time , various types of gray relational sort from absolute , relative and integrated three angles describe the various internal and external factors on the non- life insurance companies in China ( China property and Casualty Company company ) solvency impact of different status . Finally , on the basis of quantitative analysis of China 's non- life insurance companies measures can be taken to improve the solvency position of the current , and the regulatory authorities to make recommendations how to improve the efficiency of solvency regulation .