Quản lý ngân quỹ các công ty bảo hiểm nghiên cứu tình huống tại bảo việt việt nam

INTERNATIONAL EXECUTIVE MBA PROGRAM (leMBA) Chyang trinh cao hoc Quan trj kinh doanh Quoc te LUAN VAN TOT NGHIEP QUAN LY NGAN QUY CUA CAC CONG TV BAG HIEM NGHIEN ClTU TINH HUONG TAX BAO VIET VIET NAM A a LE TIEN TOAN IEMBA#3 » THANG05,2007 INTERNATIONAL EXECUTIVE MBA PROGRAM (leMBA) r r Chirang trinh cao hoc Quan tri kinh doanh Quoc te BAN LOAN VAN NAY Dl/OC N Q P C H O TRl/OfNG DAI HOC IRVINE (HOA KY) VA KHOA QUAN TRI KINH DOANH (TRI/dNG DAI HOC QUOC GIA HA NQI) BAN LUAN VAN LA M O T PHAN BAT BUQC TRONG CHUONG TRINH DAO TAO THAC SY Q U A N TRI KINH DOANH QUOC TE THANG 05, 2007 Phe duyet cua Chuong trinh Cao hoc quan trj kinh doanh qu6c te Chu nhiem chuang trinh Toi xac nhan rang luan van da dap lirng dircfc cac yeu cau cua mot luan van tot nghiep thuoc chuong trinh dao tao Thac sy Quan tri kinh doanh gi dong Chung toi, ky ten duai day xac nhan rang chung toi da doc toan bp luan van va cong nhan ban luan van hoan toan dap ung cac tieu chudn cua mot luan van Thac sy quan tri kinh doanh NCS Tran Phuong Lan Giao vien huong dan Cac vien Hoi dong (Xep thir tir ten theo bang chu* cai) NCS TrAn Phuong Lan TS Pham Quang Ngoe PGS-TS Ngo Thi Kim Thanh PGS-TS Vu Cong Ty DANH MUC CAC TlT VIET TAT CTTV Cong ty vien BVVN Bao Viet Viet Nam DNBH Doanh nghiep bao hiem phi nhan tho TK Tai khoan VCB Ngan hang Ngoai thuang Viet Nam BVFMC Cong ty quan ly quy dau tu chung khoan Bao Viet MUC LUC CHU'ONG : CO Sd LY LUAN VE QUAN LY NGAN QUY TAI DOANH NGHIEP BAO HIEM PHI NHAN THO 1.1 Tong quan ve cong ty bao hiem 1.1.1 Hoat dong kinh doanh bao hiem 1.1.2 Hoat dong ca ban cua cong ty bao hiem phi nhan thg 1.1.2.a Hoat dong bao hiem goc 1.1.2.b Hoat dong tai bao hiem 1.1.2.C Hoat dong dautu 1.2 Ngan quy ciia cong ty bao hiem phi nhan tho 10 1.2.1 Khai niem ngan quy 10 1.2.2 Cac dong ngan quy cong ty bao hiem phi nhan tho 11 1.2.2.a Luong tien tir hoat dong bao hiem 11 1.2.2.b Luong tien tu boat dong dau tu 13 1.2.2.C Luong tien tu boat dong tai chinh 14 1.2.3 Tinh chat cua cac luong tien hoat dong bao hiem 14 1.2.4 Chu ky hoat dong kinh doanh va chu ky ngan quy 15 L3 Quan ly ngan quy cong ty bao hiem 17 1.3.1 Dong ca quan ly ngan quy 17 1.3.2 Bg may quan ly ngan quy 18 1.3.3 Quy trinh hoa hoat dong quan ly ngan quy 19 1.4 1.4.1 Mot so kinh nghiem mo hinh quoc te Mo hinh Baumol-Tobin 20 22 1.4.2 1.5 Mo hinh Miller-Orr 24 Cac nhan to anh hu-ong den quan ly ngan quy cua cong ty BH phi nhan tho28 1.5.1 Cac nhan t6 chu quan thuoc ve doanh nghiep bao hiem phi nhan thg 28 1.5.1.a Quan dilm cua Ban lanh dao DNBH 28 l.S.l.b C a c S u t o chuc vapham vi hoat dong cua DNBH 28 1.5.1.C Bg may quan ly ngan quy 29 1.5.1,d Co cau bg may 30 1.5.1.e Trinh do, kinh nghiem cua dgi ngu can bg tai chinh 30 l.S.l.f Cong nghe tin hgc quan ly 30 1.5.2 Cac nhan to khachquan 31 1.5.2.a Moi truong phap luat 31 l,5.2.b Cac quy dinh phap luat chung 31 1.5.2.C Cac quy dinh phap luat dieu chinh hoat dong cua DNBH 32 1.5.2.d He thong ngan hang 32 1.5.2.e Thi truong tien te va thi truong chung khoan 32 1.5.2.f Tinh hinh canh tranh tren thj truong bao hiem 33 CHU'ONG 2: THlTC TRANG QL NGAN QUY TAI BAO VIET VIET NAM 34 2.1 34 Khai quat ve Bao Viet Viet Nam 2.1.1 Qua trinh hinh va phat trien 34 2.1.2 Co cau to chuc 37 2.1.3 Ket qua hoat dong thai gian qua 39 2.2 2.2.1 Thirc trang quan ly ngan quy tai Bao Viet Viet Nam 41 Thuc trang cac luong tien cua Bao Viet Viet Nam 41 ii 2.2.2 Xac dinh ngan quy toi uu 47 2.2.3 Daututhang dungan quy 50 2.2.4 Tai trg tham hut ngan quy 53 2.3 Danh gia thu*c trang quan ly ngan quy tai Bao Viet Viet Nam 55 2.3.1 Nhung ket qua dat dugc 56 2.3.2 Han che va nguyen nhan 57 2.3.2.1 Hanchl 57 2.3.2.2 Nguyen nhan 61 CHU*aNG 3: GIAI PHAP NANG CAO HIEU QUA QUAN LY NGAN QUY TAI BAO HIEM VIET NAM ! ' 66 3.1 66 Chien \itac phat trien ciia Bao Viet Viet Nam giai doan 2006-2010 3.1.1 Co hoi va thach thuc doi vai Bao Viet Viet Nam 66 3.1.2 Chien luge phat trien cua Bao Viet Viet Nam giai doan 2006-2010 67 3.2 Giai phap tang cu-ong quan ly ngan quy tai Bao Viet Viet Nam 69 3.2.1 Hoan thien bg may quan ly ngan quy 69 3.2.2 Lira chgn ngan hang cung cap cac dich vu lien quan den quan ly ngan quy 70 3.2.3 Cai tien viec lap ke hoach ngan quy 3.2.4 Hoan thien he thong thong tin quan ly, ap dung cong nghe thong tin vao quan 77 ly ngan quy 83 3.2.5 84 3.3 Can bang muc tieu tang truang doanh thu voi phat trien ben vung Mot so kien nghj 3.3.1 85 Hoan thien moi truang phap ly 85 3.3.1.1 Hoan thien moi truang phap ly lien quan den hoat dong bao hiem 85 3.3.1.2 Hoan thien moi truang phap ly lien quan d6n hoat dong ngan hang85 iii 3.3.2 LTU tien phat triln he thdng toan dien tu lien ngan hang 86 3.3.3 Thuc diy sir phat tri^n cua thi truang tien te va thi truang chung khoan 87 KET LUAN 89 DANH MUC TAI LIEU THAM KHAO 90 PHULUC 93 IV DANH MUC BANG BIEU CHU^ONG INTERNATIONAL EXECUTIVE MBA PROGMAM (leMBA)Error! Bookmark not defined Bang 1.1: Bao hiem phi nhan tho the gioi nam 2005 Bang 1.2: Mot so chi so phat trien cua nganh bao hiem phi nhan tho Bang 1.3: Luong tien doanh nghiep bao hiem phi nhan tho 11 Bang 2.1: Ngan quy toi da cac Cong ty vien nam 2003,2004 48 Bang 2.2: Ngan quy toi da cac Cong ty vien nam 2005 49 Bang 2.3: So du* hinh quan tren TK dau tu* tir dong USD 52 Bang 2.4 : So du" binh quan tren TK dau tu* tu* dong VND 52 Bang 2.5: Tai tro* ngan quy tir ben ngoai nam 2005 55 Bang 2.6: Ngan quy thyc te tai Tru so" chinh giai doan 2004-2005 58 Bang 2.7: Lu-u chuyen ngoai te hang quy nam 2005 59 Bang 2.8: So sanh lai suat dau tu* tu* dong vol lai suat tien gu-i khong ky han giai doan 2003-2005 60 PHU LUC Phu luc 2.1: Lu*u chuyen tien te nam 2003 cua Bao Viet Viet Nam 93 Phu luc 2.2: Lu-u chuyen tien te nam 2004 ciia Bao Viet Viet Nam 96 Phu luc 2.3: Lu-u chuyen tien te nam 2005 ciia Bao Viet Viet Nam 100 Phu luc 2.4: Lu-u chuyen tien te thang 6,7,8 nam 2005 104 Phu luc 2.5: Tinh hinh chap hanh dinh mirc ngan quy nam 2004-2005 107 to^ ON " '^ "^ lo" oC CN" ^^ o t^ 12,130 o '—' 00^ o t^ o >—' oo 00 o o CN —1 r^ 00 O to r^ (N ON ON ^ NO ^ ON o o CN t^ ON 00 o cn NO O^ to ON (N CN" to CN rr^ CN ON ON o O CN ON OO OO 1—1 o ^ CN 00 o 148 o ^1 o ^ 150 o CN CNI (N cn ^^ ^ 157 to —( 00 186 oo o O TlON CN ON OO t>- 00 NO^ o r- cn I—> ^-1 oo ^^ o , , t^ rCN cn CD ^ r^ 1—H ' ong tie dauky thue ta chinh Xi d •" H o ^^ '"' oo r*^ m NO ON cn ^ H cn r^ '^ ^ o CN ^ r^ NO ^ o o ^ r^ ^^ oo NO cn cn CM o ^ ^^ ^" to o O NO ^^ CN ^ o cn CN NO NO^ to C50 ^ ON l^ to ^ ^ o ON to to oo cn NO NO NO cn cn^ cn o 1^ NO o cn oo I^ cn oo to" NO r^ cn o CN" !>-" to NO^ l^ ^ OO ^ to o r- cn r-cn ON to^ to" ON 1-^ o o I—( o ri CN ^ ^^ ^ to o 00 ?—( to o O 00 to cn ON CN I—( cn CN [^ to NO to r^ •^ o CN CN •-^ O to t^ I—I r^ r^ to NO —H cn CN CN NO" oo ON •—' ^" r Os^ CN" ON NO ON NO CN" 1-H ^ cn ON , ON CN 1—T o ON ^ to r^ O OO r-^ o" NO cn o NO ON to o —1 OO CN CN NO 00 00 ^^ '—' ^^ o o CN to" to o o ^~' O 00 ON TlI^ OO cn NO ON cn 1^ r-; to 1^ ^" r- (N" to ^-' a • • - • X o o 'Cd rd > d to o Cd o -o I-H d" CN" ^H X 00 cn ,624 ,759 CN cn ON (N to 105, -^ oo" ON ^ CN (N 53, 847 CN oo" • 124,5' CN" ON" 00 CN "§ ^ X 80, o cn ^ C/3 00 d khac kha dng , Tien thu hdi ch vay, banI lai ca y, mua cong cu UOIT CJ • > * 3p OB BA oqo X 00 ^^ f • > • o o o o d- ^ rcn rCN o dCJ to" oo -H I.Tien CN" ON r^ ON ND rcn tir boat ddng tai c binh CN" o o to to rCN III LC ON O ON ^ CN a n t u H DDT NO 00 Os^ r " ^ H O duac c hia o ^^ cn Tien va tuong du(mg tien da u k y OO cn CN NO 'd-" , , l 1— .-H 1 CN^ to cn CN oan ON" cn O^ 1~1 o ON" r ^ o '"' X ON o cn oo O f^ •H o NO 00 t^ t^ to NO" ^^ -^" r"- ON I^ t> cn cn ON o to o cn NO O r^ o^ oo" to o CN^ ON NO o ,_ rto^ ^ rCN^ to to o 147 oo o ,965 ,395 O o ^- 180,439 170, i> ON -43, OO^ 852 ^^ -45, -75,.140 •' '' '' LCTT •4—1 ON ON done H (N —< rd 00 to o" 1^ 00 d X ^ o o , o oo o ^" o r^ NO ^ NO o to -^ ND ^^ ^ CN ^^ oo" O (N ^ ON to ^ NO NO oo r NO ^ to 1-H CN" ON cn NO r"- 2,3 CN o o CN 9,5 9,7 "i" 2,9 CN^ NO 7,2 ^ cn to ^ «ij 'CH g fS2 CD to o 00^ o" x : ON NO H o 00^ 00 d "Cd rd OO I^ 00^ to" CN 00 d "Cd oo NO X NO H o 00 d "Cd -d lO a i4^ ^" o I-H m ^^ oo to NO to (N ^ r-oo r-to r ^ oT o o ON" cn ro ^ ^^ NO o ON ^ ^" o o o r -CN CM ^ cn NO O ON to ^ o r^ ON o lO r^ ^^ NO ^ -o & cu 'd d X -^* 'ob - •s- NO I^ oo oo to NO^ to -^^ oo" o '"^ ^ to -^ 1^ » '""' oo" ^ '""' ,-H CN ^^ to'^ o •"^ CN oo oo ^" r^ NO ON to^ cn oo" NO CN NO to to cn I-H cn cn O^ to" 00 o ON ^^ I-H Tf to o o" l-H ^^ CN t^ ^ to NO^ NO" r*^" ^ CN r-CN O^ o r^ ^" oo o CN to ON" oo" o" oo OO ON ON CN NO" ON" cn^ CN Tf 00^ cn ON (N OO^ to TlNO^ 1-H r- NO ON NO^ to^ 00 X fsj H ^ NO m oo^ •-H cn o o^ r-" I-H Tt CN^ to" ^ cn^ ! 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