从寿险公司业务特点来看,影响寿险公司财务和经营状况的主要因素为利率、死亡率、费用率、退保率、潜在可选择权等。但是从经验来看,死亡率、费用率等因素的预测和控制是相对稳定的,利率风险是寿险公司面临的最主要的风险。通过金融衍生工具来管理利率风险其实就是通过表外科目来减少表内科目的利率风险,也是寿险公司管理利率风险的利器。 According to the business characteristics of life insurance companies, the main factors affecting the financial and operating conditions of life insurance companies are interest rates, death rates, cost rates, surrender rates, potential options and so on. However, from experience, the forecast and control of factors such as mortality rate and expense ratio are relatively stable. Interest rate risk is the most important risk facing life insurance companies. To manage interest rate risk through financial derivatives is actually to reduce the interest rate risk on the table by means of off-balance-sheet items, as well as a tool for life insurance companies to manage interest rate risk.