保险业在国家金融稳定中的作用_后危机时代的思(6)

资收益时必须思索的问题,否则就有可能重蹈金融危机中部分金融机构的覆辙。二是审慎选择保险公司综合经营的发展模式。银行保险作为保险公司尝试综合经营的探索之一,在中国不一定“一股就灵”。本世纪以来全球银行保险模式的两极分化趋势,以及金融危机后诸多金融集团的“瘦身运动”,均在某种程度上警示我们:盲目的企业多元化战略,可能削弱金融机构主营业务的竞争力,甚至影响整个金融集团的健康发展。从银行与保险的综合经营到双方的资源整合,直至两者的充分融合,是一个需要解决风险传染、文化差异、渠道冲突、财务管理等方方面面问题的循序渐进过程。一旦处理不好,双方就有可能貌合神离,出现“综合”而不能整合,更无法融合的情况。综合经营,应当慎选。

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Abstract:Theinsuranceindustrycanplayaquiteuniqueroleinnationalfinancialstabilitybecauseofitsinherentfunctionofriskdiversification,limitedriskcontagionandstablecapitalsources.Themutualpenetrationbetweenthebankingandinsuranceindustriescan,ononehand,disperseriskswithinfinancialgroupsmicrocosmically,andthereforeplayanimportantroleinmaintainingmarketstabilityduetoeachother′sdifferentbehaviorsmacroscopi2cally;andontheotherhand,mayleadtocross2sectoralriskcontagionthroughcross2shareholdingandfinancialve2hicletransactions.Soit′snecessarytoenhancetheinsuranceindustry′sdevelopmentasoneofthethreefinancialpillars,andmeanwhile,fullyrecognizethepossibilityofitbeinganinstabilityfactor,andeffectivelypreventthecross2sectoralriskcontagionbetweenthebankingandinsuranceindustries.

Keywords:financialcrisis;financialstability;riskcontagion

[编辑:施　敏]

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