投资型寿险产品需求影响因素的实证研究

发布时间：2018-05-01 00:00

本文选题：投资型寿险 + 上证指数　；参考：《中国海洋大学》2014年硕士论文

【摘要】：20世纪80年代，中国保险业恢复其原有的经营模式,随之我国的人寿保险行业也取得了快速发展。2000年以后，作为创新型保险的投资型寿险出现，寿险业俨然已成为促进我国国民经济发展的重要行业之一。在保险业不断扩大其经营规模的同时,作为现代新型寿险产品的投资型寿险也随之业务量不断增长。中国平安保险股份有限公司率先在上海推出投连险，这拉开了投资型寿险产品迅速发展的序幕,而随着分红险、投连险、万能险等投资型寿险产品陆续投入市场,人寿保险也开始其快速发展的脚步。不可否认,投资型寿险产品的快速发展对于防范和化解利差风险,满足不同层次客户的保险需求、改善保险产品组成结构、扩大保险业的经济影响效应等起到了积极作用。因此对投资型寿险需求的影响因素研究也渐渐成为一个非常重要而实际的问题。20世纪80年代起，国外学者将普通人寿保险的研究升级为对投资型寿险需求的研究，并且引入连续时间金融模型进行讨论。而国内学者则是在20世纪90年代末开始对这一命题进行研究，例如有学者发现我国居民投资型寿险需求的收入弹性较大，而受社会保障和预期通货膨胀的影响不显著；还有学者引入国民经济发展水平这一因素，对影响寿险需求的因素进行不断深入研究。基于银行业、证券业、保险业是我国金融领域的三大产业，投资型寿险产品又是保险市场非常重要的因素，在当今的寿险业占据较大份额，并且投资型寿险涵盖了保险产品、金融理财两方面内容，因此探讨我国投资型寿险需求的影响因素是非常必要的。2010年，毕泗锋提出连续时间金融模型的先进方法，并且首次将投资型寿险分解为定期寿险与投资产品的结合加以讨论，这将投资型寿险需求的研究升上了一个更高的台阶。因此本文首先总结了国内外关于人寿保险需求因素的文献，进而引出投资型寿险需求的论述，通过结合中外关于投资型寿险产品需求的理论，分别从宏观方面、微观方面定性分析了影响投资型寿险产品需求的影响因素，其中包括我国经济发展水平、国民人均可支配收入、恩格尔系数、利率、通货膨胀率，因此本文对这些因素构建回归方程，并进行多元回归分析检验，由于投资型寿险产品作为金融理财产品的一种，因此本文引入其他金融产品收益的替代效应（以上证指数的收益率为例）作为参数修正，，并且分析了有关上证指数波动率（振幅）对投资型寿险需求的影响，最后根据回归结果得出结论并对我国如何发展投资型寿险行业提出了相关建议。
[Abstract]:In 1980s, China's insurance industry resumed its original mode of operation, followed by the rapid development of life insurance industry in China after.2000 years. As an investment type life insurance of innovative insurance, life insurance has become one of the most important industries to promote the development of our national economy. At the same time, the investment type life insurance, as the modern new life insurance product, has also been increasing. China's Ping An insurance Limited by Share Ltd is the first to launch the investment insurance in Shanghai, which has opened the prelude to the rapid development of the investment type life insurance products, and with the bonus insurance, the investment insurance, the universal insurance and other investment life insurance products have been put into the market, and the life insurance products have been put into the market. Risk also begins its rapid development.
It is undeniable that the rapid development of investment type life insurance products has played an active role in preventing and resolving the risk of spreads, meeting the insurance needs of different levels of customers, improving the structure of insurance products and expanding the economic effects of the insurance industry. Therefore, the study of the factors affecting the demand for investment insurance has gradually become a very important factor. And the actual problem in the 80s.20 century, foreign scholars have upgraded the study of ordinary life insurance to the research on the demand for investment life insurance, and introduced a continuous time financial model to discuss. While domestic scholars began to study this proposition at the end of 1990s, for example, some scholars found the investment life insurance of our residents. The income elasticity of demand is large, but the influence of social security and expected inflation is not significant, and the factors that have been introduced to the development level of the national economy and the factors affecting the life insurance demand are further studied.
Based on the banking, the securities industry and the insurance industry are the three major industries in the financial field of China, the investment type life insurance products are also a very important factor in the insurance market. They occupy a large share of the life insurance industry in today's life insurance industry, and the investment type life insurance covers two aspects of the insurance products and financial management. Therefore, it discusses the influencing factors of the investment type life insurance demand in our country. It is a very necessary.2010 year. Bi Si Feng put forward the advanced method of the continuous time financial model, and first decomposes the investment type life insurance into the combination of the term life insurance and the investment product for the first time, which raises the research of the investment type life insurance demand to a higher step. The literature of factors leads to the discussion of the demand for investment type life insurance. By combining the theory of the demand of investment type life insurance products between China and foreign countries, the factors affecting the demand of investment type life insurance products are qualitatively analyzed from the macroscopic and microcosmic aspects, including the level of economic development, the per capita disposable income of the national and the Engel coefficient, Interest rate, inflation rate, so this paper constructs the regression equation to these factors, and carries on the multiple regression analysis test. Because of the investment type life insurance products as a kind of financial products, this paper introduces the substitution effect of other financial products (taking the rate of the Shanghai stock index as an example) as a parameter correction, and analyzes the related aspects. The influence of the index volatility (amplitude) on the investment type life insurance demand is given. Finally, the conclusions are drawn from the regression results and some suggestions on how to develop the investment type life insurance industry in China are put forward.

【学位授予单位】：中国海洋大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F842.62

【参考文献】