保险公司通过发行次级债,一方面可有效提升其偿付能力充足率,增强投资能力。另一方面,作为一条收益率较高的投资渠道,保险公司通过购买其他公司发行的次级债,可以提高投资收益率。本文通过数学建模,考虑次级债的风险情况,并基于研究结果指出目前保险公司次级债监管存在的不足,并给出了相关监管建议。 By issuing subordinated bonds, insurers can effectively raise their solvency adequacy ratio and enhance their investment ability. On the other hand, as a high-yielding investment channel, insurers can increase their return on investment by buying subordinated bonds issued by other companies. Based on the research results, this paper points out the shortcomings of the subordinated debt supervision of the insurance companies through mathematical modeling, and gives the relevant regulatory advice.