风险证券化

巨灾风险证券化及其在我国的运用研究

Study on Catastrophe Risk Securitization and Its Application in China

我国巨灾保险风险证券化研究

Research on the Catastrophic Insurance Risk Securitization in China

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

巨灾风险证券化及在中国保险市场的应用

The Securitization of Catastrophic Risk and Its Appliance in Our Insurance Market

借鉴巨灾债券和死亡率指数债券的成功，先引入长寿风险证券化的概念；

The conception and traditional hedge method of longevity risk are introduced firstly .

巨灾风险证券化的国际借鉴与我国的实践研究

The Learning of International Best Practice in Catastrophe Risk Securitization and Chinese Case Study

本文的研究为巨灾风险证券化定价方面提供了必要的参考。

This paper provides the necessary guideline for the pricing of catastrophe risk securitization .

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 .

我国巨灾风险证券化实践的相关问题探讨

A Probe into the Problems Related to the Practice of Securitization for Catastrophes in China

保险风险证券化&巨灾债券

Insurance risk securitization & catastrophe bond

保险风险证券化研究

Research on Securitization of Insurance Risk

巨灾风险证券化和发源于银行业的传统的资产证券化有所不同。

The Catastrophe Risk Securitization is different from traditional property securitization which origins from banking industry .

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

巨灾风险证券化，包括：巨灾债券、巨灾期权、巨灾互换以及或有资本。

Catastrophe risk securitization , including : catastrophe bonds , catastrophe options , catastrophe swaps and contingent capital .

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 .

目前，产险业的巨灾风险证券化发展已经比较成熟，寿险业的人寿保险证券化发展则相对迟缓，一直未能受到足够的重视。

At present , catastrophic risk securitization has been relatively mature , but the life insurance securitization is relatively slow development .

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 .

因此，巨灾风险证券化产品能否顺利推出，合理的定价是关键。

Therefore , the success of issuances of securities of catastrophe risk securitization depends on proper pricing which is key role .

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 .

随着寿险风险证券化产品在国际市场上取得成功，资本市场与寿险市场必然会趋向一体化。

With the success of products in the international market , the tendency of integration between capital market and life insurance markets will become necessary .

巨灾风险证券化的过程包括以下两个要素，第一个要素是金融工程，本质上是将现金流打包或拆解，并转换为新的证券&巨灾风险证券。

The first element is the financial engineering that the cash flow will be " packaged " or dismantled , and finally converted into catastrophe risk securitization .

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 .

我国发展巨灾风险证券化的策略是要正确认识发展巨灾风险证券化的必要性，有步骤地进行巨灾风险证券化的开发与设计以及完善巨灾风险证券化发展的外部环境。

The strategies for the application of such securitisation in China include understanding the necessities ; Issuing and designing products step by step and improving the external environment .

第四章，详细地介绍了国际市场上主要的巨灾指数、巨灾风险证券化衍生产品的定义、种类以及交易过程等基本内容。

Chapter 4 : Introducing some basic information of catastrophe derivative in foreign capital market , including catastrophe loss index , the definition and type of catastrophe derivative etc.

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 .