保险业全面风险管理系统研究

上海交通大学硕士学位论文保险业全面风险管理系统研究姓名：李品杰申请学位级别：硕士专业：工商管理指导教师：刘海龙200701281VariousRiskCategoryEnterprise-wideRiskManagement,ERMERMERMERMWTOWorldTradeOrganization2ERM200120055ERMERMERMERMERMERMERMALMAsset-Liability-ManagementERM3ERMERMERMERMERMERMERMERMERMERMERMERM4ERMERMERM5THERESEARCHOFENTERPRISE-WIDERISKMANAGEMENT(ERM)SYSTEMOFINSURANCEINDUSTYABSTRACTStartingfromChina’sinsuranceindustry,thisarticlefullydescribestheproblemsresultingfromvariousinternalandexternalenvironmentsChina’sinsuranceindustryfacesaswellastherisktypes,thusshowingtheimportantroleriskmanagementplaysininsuranceindustry.Enterprise-wideriskmanagement,ERM,increasinglypopularininternationalinsuranceindustry,isalsointroduced,andrelativelyfullexplanationisgiventothedevelopmentstatusanddetailsincludedinERM.Thepurposeistoresearchandintroduceamoresystematicandcomprehensiveriskcontrolmethodsuitableforinsuranceindustry,thustoenableinsurancecompaniestoobtainhighersharevaluebyapplyingthisadvanceriskmanagementmethod,aswellastoadoptrationalandobjectiveinternalmanagementorlayfoundationformarketdeportmentComparedwithentireriskmanagementsysteminotherfinancialorganizations,theentireriskmanagementsystemininsurancecompaniesisricherincontent.Ontheotherhand,ERMisaneffectivemethodtofulfilleffectiveriskmanagementandcontrol,andthedriveforcompany’svalue.Furthermore,ERMcanestablishacomparativelyentiredatabaseforthecompany’sfurtherdevelopmentanddecision-makingasdatasupport.Evenwithdevelopmentthroughoutthepastdozensofyears,6insuranceindustryinChinastilllagfarbehindthecounterpartsinforeigncountriesregardingscaleandoperation.AfterChina’sentryintoWTO,thestate-ownedinsuranceindustryhastostriveforcompetitiveadvantagesbybetterunderstandingofChina’scharacteristics,andmoreimportantly,bykeepingpacewithothersinriskmanagement,learningadvancedriskmanagementideaandtechnology,makinginnovationbasedonpresentsituation,andcreatingourownERMsystemsuitableforourenterprisesbycombiningnewly-developedrisktechnology,soastoobtaincompetitiveedgesininsurancemarket.Inthissense,thisarticlehasitsrealisticandforward-lookingsignificanceatpresentsoonaftertheopeningofChina’sfinancialinsuranceindustry.Thisarticleiscomposedoffivechapters.ChapterOnefirstlyreviewstheoveralldevelopmentofChina’sinsuranceindustrybetween2001and2005,exploringthefivemostseriousproblemsandtestsfacingChina’sinsuranceindustry.Therisksourceforinsuranceindustry,reasonsresultinginbankruptcyofinsurancecompaniesandchangeofthemonitoringemphasisfrommonitoringdepartments,itshowsthatinsuranceindustryisinrightshortofamoresystematicandimprovedriskmanagementmethod.ThentheconceptofERMsystem,whichispopularininternationalriskmanagementfield,isintroducedandshownabletoplayimportantroleinChina’sinsuranceindustry.Ingeneral,thearticleshowsthesignificanceofdevelopingERMsystemonthebasisofthecharacteristicsofChina’sinsuranceindustryandtheproblemstheglobalinsuranceindustryoncefaced.ChapterTwofullydescribesthedevelopmentofentireriskmanagementsystemininsuranceindustryincludingthedetailedexplanationofERM’soperationstructureandapplicationkeys,aswellasthefactthatitisextremelydifficulttofindERMsystemtomeetthe7needsofdesignandapplicationkeysininsurancecompanies.ItcanbeconcludedthattheERMsystemisstillinpreliminarystageevenintheglobalinsuranceindustrydevelopment,withonlysomeindividualindustryleadersinleadingposition,whileitistotallynewtoChina’sinsuranceindustry.ChapterThreegivesfulldescriptionofERM’ssystemdetail,coveringthemaincontentrelatedtoERMsystem,fromorganizationstructuretomodelprinciplesrequiredforvariousapplications:includingERMframeworkandorganization,underwritingrisk,investmentrisk,creditrisk,operationalrisk,ALMAsset-Liability-Management,riskaggregationandcapitalallocation,whichareallmainissuesofERMsystem.Thischapterrespectivelystudiesthecharacteristicsandthecorrespondingcountermeasuresofthedifferentinsurancetypestheinsurancecompaniesmayencounter(includingthedevelopedandunder-developmenttechnology).ERMsystemisexactlytointegrateallthesecomponentsbyERMstructureandorganization,soastoprovideriskinformationtomanagement,andtoprovidemeasurestoreducetheoverallriskandimprovetheoverallefficiency.TheessenceofERMsystemisalsoshown:itisakindofcollectionandanalysisintegratingvariousriskdata,thusachievingtheoverallcontributionandimportantrole,thenreportingtheinformationreporttothelevelofmanagementandinfluencethemtoemploymoreefficientmanagementsystemtomanagetheenterprise.TheessenceoftheERMsystemshowsthattheflowchangeofdatastreamcanclearlyindicatetheworkingprocessofERM,soChapterFourspecifiestheERMoperationprocessintherespectofdatastream.Someisrelatedtospecificprocessingmethod,butnottoomuchisdwelledonprocessdetailsinceeachERMsystemwillbeappliedindifferentwayaccordingtoeachenterprise’scharacteristics.8ChapterFiveistheconclusionofthearticle,concludingthedifficultiesfacingsystemdesignandapplicationandtheimportantroleriskmanagementplaysininsurancecompanies.Asthepioneeringtechnologyandmethod,ERMhasitsadvantagesandenchantmentirresistibletoinsurancecompanies.Mostimportantly,insurancecompanie