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保险风险证券化已经经历了近20年左右的发展,但进一步发展保险风险证券化还受一些因素的制约和影响。 1、如果再保险市场有能力承保世界范围内的风险,而且保费比证券化这些风险成本低,那么保险人就不需要寻求其它的风险融资的方式。从目前来看,再保险市场还勉强可以较低的费率应付世界范围内的风险。因而保险风险证券化的繁荣可能还需一段时间。 2、保险风险证券化的交易成本太高。保险风险证券化产品对于资本市场上大部分的投资者来说还是一个相当新的投资产品。一般投资者也不具备对于该种产品进行定价、评估以及风险分析所需的技能和知识,因而
Insurance risk securitization has experienced about 20 years of development, but further development of insurance risk securitization is also subject to some factors and constraints. 1. If the reinsurance market is capable of covering worldwide risks and the premiums are lower than the cost of securitization, the insurer does not need to seek other ways of risk financing. For the time being, the reinsurance market is still barely able to cope with worldwide risks at lower rates. Thus the risk of securitization insurance risk may take some time. 2, insurance risk Securitization transaction costs are too high. Insurance Risk Securitized products are still a fairly new investment product for most investors in the capital markets. The average investor also does not have the skills and knowledge required to price, evaluate and risk analyze the product and thus