ABSTRACT
In recent years, as we pay more and more attention to social security insurance, the
social security insurance fund, mainly endowment insurance fund, annual increase 20%.
However, the operation of fund have emerged severe issues, such as the low rate of
return on investment, the huge gap between fund income and expense, and even abuse
the fund and cause fund loss, and so on. Facing the urgent problems which need to be
resolved, the introduction of endowment insurance fund operation performance
evaluation is very necessary. China's endowment insurance fund operation performance
evaluation, either in theory or in practice is at the preliminary exploration stage. Study
on the endowment insurance fund operation performance evaluation is a theoretical and
practical issue.
According to China's current system of endowment insurance fund operation, as
well as the characteristics of endowment insurance fund, the three main components of
the endowment insurance fund operation as the main target of evaluation, and in
accordance with the characteristics of the three operation sectors, as well as operation
principle, to establishe corresponding index system to evaluate the performance of
endowment insurance fund operation.
First of all, study on the endowment insurance fund investment operation
performance evaluation. Endowment insurance fund has "life insurance" special mission,
thus giving rise to the principles of its investment operation, and various investment
tools are introduced and compared. Through designing core indexes, including the rate
of return on investment and risk control index (VAR model), and other index of bank
deposits, fund investment performance evaluation, and select the combination of Social
Security Fund 106 in September 2007 as a sample of the empirical analysis, calculate
the investment in September 2007 risk level of, then compare with the benchmark to
give an analysis concluded.
Secondly, study on China's endowment insurance fund raising performance
evaluation. According to China's endowment insurance fund raising mode and principle,
put forward a coverage rate and collection rate as key index of the endowment insurance
fund raising performance evaluation. In accordance with the nature of enterprises for
further comparison and evaluation.
The achievement effect valuation on paying link of endowment insurance fund