Abstract
The long-term and stable nature of insurance funds and the long-term demand of PPP projects for funds are naturally in line with each other. In the future, there is still great potential for insurance funds to deeply participate in PPP projects and serve the development of real economy. According to the current development rate, the available scale of insurance funds during the 13th five-year plan period will reach 20 trillion yuan, which not only provides sufficient sources of funds for insurance funds to participate in PPP projects. At the same time, it also creates a good condition for the insurance fund to conduct financing and service innovation in combination with the characteristics of PPP projects. The participation of insurance funds in PPP projects has become an important issue in the current development, but the earnings in the cooperation between the two sides need to be fully discussed and analyzed to avoid a series of problems caused by unreasonable distribution. Based on the current developing situation of insurance funds participating in PPP projects, this paper conducts two-party game analysis and three-party game analysis according to the classification of complete information condition and incomplete information condition. Through conditional assumption, model establishment and solution, the reasonable proportion of insurance enterprises, public sectors and project companies under different circumstances is obtained, and policy suggestions on promoting insurance funds to participate in PPP model are put forward.
Highlights
PPP refers to the cooperation form between the public sector and insurance enterprises, which is a new model formed after the exploration of BOT and other models. [1] It aims to achieve the expected effects of both sides through the cooperation of the government or the public and private sectors to jointly invest in infrastructure construction projects
In order to promote the participation of insurance funds in PPP projects, 4 solutions should be taken: more participation modes, strengthening policy guidance, risk prevention and optimizing allocation mechanism
The participation of insurance funds has a positive impact on the public sector to achieve social goals and the development of insurance enterprises
Summary
PPP refers to the cooperation form between the public sector and insurance enterprises, which is a new model formed after the exploration of BOT and other models. [1] It aims to achieve the expected effects of both sides through the cooperation of the government or the public and private sectors to jointly invest in infrastructure construction projects. PPP refers to the cooperation form between the public sector and insurance enterprises, which is a new model formed after the exploration of BOT and other models. [1] It aims to achieve the expected effects of both sides through the cooperation of the government or the public and private sectors to jointly invest in infrastructure construction projects. Insurance funds refer to the capital, reserve funds, undistributed profits, various reserves and other funds of insurance companies (holding companies) and insurance companies, denominated in local and foreign currencies. Capital, accumulation fund and undistributed profits are self-owned funds, while reserves are liabilities. The insurance fund can plan a role as leverage and participate in capital investment as a private sector. The insurance fund can plan a role as leverage and participate in capital investment as a private sector. [2]
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