生命保険会社の経営破綻(9)

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タイトル別名
  • Insolvency of Life Insurance Companies in Japan (9)
  • セイメイ ホケン ガイシャ ノ ケイエイ ハタン 9

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説明

Life Insurance Companies in Japan have experienced the big change of asset management after 1975. And we can find out following changes of the circumstances of life insurance business. 1. the change of financing policy from borrowing to self financing by many large scaled companies 2. declines of investment return of stocks 3. proceeding of securitization 4. internationalization of money market This paper examimed the changes of asset management under these circumstances, and the author pointed out following changes. 1. Diversifications in the lending. Lending for large scaled companies were reduced and lending for small scaled companies and for private persons were increased. Loans for consumers were introduced, too. 2. Increase, diversification and qualitative change of investment of sequrities. We can find some remarkable changes of the investment of sequrities, and these changes will be stated as follow. a. increase of investment of sequrities b. diversification of investment of sequrities c. qualitative change of investment of sequrities d. strengthening of investment from political reasons 3. Liveliness and increase of lending and investment in the foreign countries. Lending and investment in the foreign countries were became active and enlarged. Because of these changes, we have to notice that life insurance companies had to take more risks. 4. Increase and diversification in the investment for real estate. Investments for real estate were diversified and enlarged under the prosperous market, but this made minus results for public opinion, too. 5. Other changes. Many associate companies had been built in this period. It must be noted that these changes had increased risks of life insurance companies.

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KJ00004088198

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