#６【変額保険販売資格試験】★テキスト・練習問題解説★ 「特別勘定資産の運用」

Summary

The video script discusses the management of special accounts in the context of variable annuities, focusing on the importance of long-term asset management. It emphasizes the significance of safety, liquidity, and the inability to exchange between general and special accounts. The video outlines the regulatory framework under which life insurance companies operate, highlighting that while there are specific regulations for asset management, there are no set rules for special accounts. It also explains the evaluation methods for assets in special accounts, which include market value assessment for securities and cost-based assessment for other assets. The script stresses the daily revaluation of assets to maintain fairness among contract holders, with the results reflected in the accumulated funds monthly. The summary aims to provide a clear understanding of the key points discussed in the video, inviting viewers to engage with the content and encouraging further exploration of the topic.

Takeaways

• 📈 **Long-term Focus**: Special accounts for variable annuities are based on long-term asset management, emphasizing the importance of long-term strategies.
• 💤 **Basics and Sleepiness**: The script starts with a casual tone, mentioning the topic might be sleepy or basic, but it's crucial for understanding the subject.
• 🚫 **Non-exchangeability**: Special accounts cannot be exchanged or traded between general and special accounts, highlighting their distinct nature.
• 📊 **Daily Valuation**: Assets in special accounts are valued daily to maintain fairness among contract holders, with the results reflected in the accumulated funds monthly.
• 🌐 **Global Securities**: Both domestic and international securities are protected as targets for asset management, including valuable instruments like stocks and bonds.
• ❌ **Lack of Specific Regulations**: Unlike general accounts, there are no specific regulations governing the management of assets in special accounts under the insurance business law.
• 💹 **Market Value Evaluation**: Securities are evaluated based on their market value, which is the closing price at the end of the trading day on the Tokyo Stock Exchange.
• 📋 **Cost-based Evaluation**: For non-security assets like deposits, the original cost is used for valuation, which is calculated as the price at the time of acquisition.
• 🔑 **Safety and Liquidity**: The management of special accounts takes into account safety and liquidity, aiming to ensure assets can be readily converted to cash.
• 📝 **Different Valuation Methods**: There are two main valuation methods for assets: market value for securities and cost-based for other assets, which is crucial to understand.
• ⏰ **Daily Evaluation Practice**: The practice of daily evaluation for special accounts ensures that the performance and risks are directly attributed to the contract holders.

Q & A

What is the main focus of the video script regarding the special account assets?

The main focus of the video script is to explain the operation of special account assets, emphasizing the importance of long-term operation and the distinction between special and general accounts in the context of variable life insurance.

What is the significance of daily evaluation in the context of special account assets?

Daily evaluation is significant as it ensures fairness among policyholders by reflecting the actual performance and risks directly in the accumulated funds on a daily basis.

How does the evaluation method differ between valuable securities and other types of assets in special accounts?

Valuable securities like stocks are evaluated based on market value, which is the closing price on that day. In contrast, other types of assets, such as deposits, are evaluated based on their original cost, known as the cost method.

What is the role of the Insurance Business Law and its enforcement regulations in the asset management of life insurance companies?

The Insurance Business Law and its enforcement regulations set the framework for how life insurance companies manage their assets, except for special accounts, which are not specifically defined within these regulations.

Why is it important to distinguish between general and special accounts in the asset management of life insurance companies?

It is important to distinguish between general and special accounts because special accounts directly attribute their outcomes and risks to the policyholders, while general accounts may have different considerations regarding safety, liquidity, and other factors.

What does the term 'market value evaluation' refer to in the context of valuable securities?

Market value evaluation refers to the process of assessing the value of valuable securities like stocks based on their closing price at the end of the trading day on the stock market.

How frequently is the performance of special account assets reflected in the accumulated funds?

The performance of special account assets is reflected in the accumulated funds on a daily basis, ensuring that policyholders can see the impact of the asset management in real-time.

What is the basis for evaluating assets that are not considered valuable securities in special accounts?

Assets that are not considered valuable securities, such as deposits, are evaluated based on their original cost, which is known as the cost method.

What is the key takeaway regarding the safety and liquidity of assets in both general and special accounts?

The key takeaway is that both general and special accounts should be managed with attention to safety and liquidity, ensuring that assets can be readily converted to cash when needed.

Why is it not possible to freely buy and sell or exchange assets between general and special accounts?

Assets between general and special accounts cannot be freely bought, sold, or exchanged to maintain the integrity and distinct management objectives of each account type.

What is the importance of understanding the regulations and frameworks governing the asset management of life insurance companies?

Understanding the regulations and frameworks is crucial for ensuring compliance, managing risks, and providing transparency to policyholders regarding how their premiums are invested and managed.

How does the video script suggest viewers approach learning about the asset management of life insurance companies?

The video script suggests that viewers should focus on understanding the key points and differences between general and special accounts, the evaluation methods, and the legal frameworks governing these practices.