保险公司投资养老社区研究
发布时间：2018-11-24 09:23
【摘要】：中国保监会官方网站公布的数据显示，2013年前11个月，保险公司原保险保费收入达15886.38亿元，同比增长11.53%。保险总资产达80903.66亿元，比今年年初增长约10%。①作为金融行业的三大支柱产业之一，保险业在国家的发展中起到了至关重要作用。而随着保险业的蓬勃发展，保险资产规模不断扩大，以负债经营的保险业也面临着巨大的资金压力。不断拓展新的投资渠道，匹配资产负债，保障保险健康可持续发展，也成为保险公司的重大课题。 同时，中国老龄化问题日益严峻，这也催生了老龄产业的快速发展，老龄产业的一个核心问题就是养老社区建设问题。目前，我国社会养老体系建设相对滞后，养老床位严重短缺。随着独生子女代的成长、观念的转变，养老床位的需求会与日俱增。单纯靠政府养老和居家养老难以满足需求。因此，综合养老社区需求逐渐强烈，而养老社区投资回收周期长、资金投入需要量大且可持续的特点，给存量资金雄厚的保险公司带来了契机。 本文从保险资金的负债匹配与投资渠道分析，结合保险资金特点与监管要求，为保险资金进入养老社区建设的可行性和养老社区建设模式提供参考。通过研究分析国内外养老社区建设模式和盈利模式，为保险资金投资养老社区建设提供实证分析。第一部分导论界定概念、阐述研究目的意义、研究现状和方法。第二部分主要综述保险投资与养老社区建设相关理论。第三部分介绍保险资金的运用情况、养老市场的供需情况以及政策环境，分析保险资金存量大、投资渠道狭窄与养老市场供不应求的互补性以及鼓励险资投资、发展养老产业的良好政策环境，从而得出保险资金可以投资养老产业的结论。第四部分通过案例研究，运用SWOT方法分析得出保险公司投资养老社区建设的制约因素。第五部分比较分析国内外养老社区的建设模式，吸取经验和教训为进一步探索险资投资养老社区建设模式奠定基础。最后一部分结合以上分析，总结险资投资养老社区的对策，初步探索保险公司投资养老社区的建设模式，并做出最终结论。 保险资金虽然有投资养老社区建设的天然优势和投资冲动，但真正进行项目运作也是困难重重。养老社区建设是一个长期投资，需要有持续的、大量的资金投入。所以，，保险公司决策时，既要考虑到公司业务发展的可持续性、保费的久期、投资渠道不断放开和监管不断规范的问题，也要考虑货币市场资金流动性、通货膨胀等因素带来的机会成本。投资前需要谨慎，进入后需要大胆坚持。益预期高，给投资带来很大压力。因此，保险公司对投资的风险管控也要随之创新，以应对日益复杂的投资风险。（二）养老社区相关理论
[Abstract]:In the first 11 months of 2013, insurance companies earned 1.588638 trillion yuan in insurance premiums, up 11.53 yuan from a year earlier, according to data released on the CIRC's official website. Total insurance assets reached 8.090366 trillion yuan, an increase of about 10. 1% over the beginning of this year. As one of the three pillar industries in the financial industry, the insurance industry has played a vital role in the development of the country. With the booming development of insurance industry, the scale of insurance assets is expanding, and the insurance industry operating with liabilities is also facing huge capital pressure. Developing new investment channels, matching assets and liabilities, and ensuring the healthy and sustainable development of insurance have also become an important issue for insurance companies. At the same time, the aging problem in China is becoming more and more serious, which leads to the rapid development of the aging industry, and the construction of the old-age community is one of the core problems of the aging industry. At present, the construction of social pension system in China lags behind, and there is a serious shortage of pension beds. With the growth of the only child generation, the concept of change, the demand for pension beds will grow. It is difficult to meet the demand by relying on the government to provide for the aged and to provide for the aged at home. Therefore, the demand for comprehensive pension community is gradually strong, and the characteristics of long investment recovery period, large capital investment and sustainable investment, bring opportunities to the insurance companies with abundant stock funds. Based on the analysis of liability matching and investment channels of insurance funds, combined with the characteristics of insurance funds and the requirements of supervision, this paper provides a reference for the feasibility of insurance funds entering into pension community construction and the mode of pension community construction. Through the research and analysis of the domestic and foreign pension community construction model and profit model, provide the empirical analysis for the insurance fund investment pension community construction. The first part defines the concept of the introduction, describes the significance of the purpose of the study, research status and methods. The second part mainly summarizes the insurance investment and endowment community construction related theories. The third part introduces the use of insurance funds, the supply and demand of the old-age market and the policy environment, analyzes the large stock of insurance funds, the complementarity between the narrow investment channels and the shortage of supply in the pension market, and encourages the risk investment. The conclusion that insurance funds can invest in pension industry can be concluded by developing a good policy environment of pension industry. The fourth part through the case study, uses the SWOT method analysis to obtain the insurance company investment pension community construction restriction factor. The fifth part makes a comparative analysis of the construction mode of the pension community at home and abroad, and draws the experience and lessons to lay the foundation for further exploring the construction model of the pension community with risk capital investment. In the last part, the author summarizes the countermeasures of insurance investment in pension community, explores the construction mode of insurance company investment pension community, and makes the final conclusion. Although the insurance fund has the natural advantage and the investment impulse to invest in the endowment community construction, it is also difficult to carry on the project operation. The endowment community construction is a long-term investment, needs to have the sustained, the massive capital investment. Therefore, when insurance companies make decisions, they should not only consider the sustainability of the company's business development, the duration of premiums, the continuous liberalization and regulation of investment channels, but also the liquidity of money market funds. The opportunity cost of factors such as inflation. You need to be careful before you invest, and you need to be bold to stick to it after you enter. Higher expectations bring great pressure to investment. Therefore, insurance companies to investment risk management and innovation to cope with the increasingly complex investment risk. (II) related theories of the community for the aged
【学位授予单位】：中共中央党校
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D669.3;F842.3
本文编号：2353127
[Abstract]:In the first 11 months of 2013, insurance companies earned 1.588638 trillion yuan in insurance premiums, up 11.53 yuan from a year earlier, according to data released on the CIRC's official website. Total insurance assets reached 8.090366 trillion yuan, an increase of about 10. 1% over the beginning of this year. As one of the three pillar industries in the financial industry, the insurance industry has played a vital role in the development of the country. With the booming development of insurance industry, the scale of insurance assets is expanding, and the insurance industry operating with liabilities is also facing huge capital pressure. Developing new investment channels, matching assets and liabilities, and ensuring the healthy and sustainable development of insurance have also become an important issue for insurance companies. At the same time, the aging problem in China is becoming more and more serious, which leads to the rapid development of the aging industry, and the construction of the old-age community is one of the core problems of the aging industry. At present, the construction of social pension system in China lags behind, and there is a serious shortage of pension beds. With the growth of the only child generation, the concept of change, the demand for pension beds will grow. It is difficult to meet the demand by relying on the government to provide for the aged and to provide for the aged at home. Therefore, the demand for comprehensive pension community is gradually strong, and the characteristics of long investment recovery period, large capital investment and sustainable investment, bring opportunities to the insurance companies with abundant stock funds. Based on the analysis of liability matching and investment channels of insurance funds, combined with the characteristics of insurance funds and the requirements of supervision, this paper provides a reference for the feasibility of insurance funds entering into pension community construction and the mode of pension community construction. Through the research and analysis of the domestic and foreign pension community construction model and profit model, provide the empirical analysis for the insurance fund investment pension community construction. The first part defines the concept of the introduction, describes the significance of the purpose of the study, research status and methods. The second part mainly summarizes the insurance investment and endowment community construction related theories. The third part introduces the use of insurance funds, the supply and demand of the old-age market and the policy environment, analyzes the large stock of insurance funds, the complementarity between the narrow investment channels and the shortage of supply in the pension market, and encourages the risk investment. The conclusion that insurance funds can invest in pension industry can be concluded by developing a good policy environment of pension industry. The fourth part through the case study, uses the SWOT method analysis to obtain the insurance company investment pension community construction restriction factor. The fifth part makes a comparative analysis of the construction mode of the pension community at home and abroad, and draws the experience and lessons to lay the foundation for further exploring the construction model of the pension community with risk capital investment. In the last part, the author summarizes the countermeasures of insurance investment in pension community, explores the construction mode of insurance company investment pension community, and makes the final conclusion. Although the insurance fund has the natural advantage and the investment impulse to invest in the endowment community construction, it is also difficult to carry on the project operation. The endowment community construction is a long-term investment, needs to have the sustained, the massive capital investment. Therefore, when insurance companies make decisions, they should not only consider the sustainability of the company's business development, the duration of premiums, the continuous liberalization and regulation of investment channels, but also the liquidity of money market funds. The opportunity cost of factors such as inflation. You need to be careful before you invest, and you need to be bold to stick to it after you enter. Higher expectations bring great pressure to investment. Therefore, insurance companies to investment risk management and innovation to cope with the increasingly complex investment risk. (II) related theories of the community for the aged
【学位授予单位】：中共中央党校
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D669.3;F842.3
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