内含价值法

内含价值法（embeddedvalue）是近年寿险公司价值评估时运用的主要方法，一般认为，寿险公司的评估价值等于内含价值加上新业务价值。

Embedded value is the major method used by life insurers to appraise their values in recent years . Generally speaking , the appraisal value of a life insurer is its embedded value plus value of new business .

本文利用内含价值法的原理推导出企业价值增值的折现现金流量模型和经济利润模型。

This paper deduces the Discounted Cash Flow model and Economic Profit model based on the principle of inherent value method .

最后，笔者对运用内含价值法评估健康保险公司时所特有的假设进行了初步的探讨。

Finally , the author presents some preliminary discussions on the specific assumption of the health insurance company valuation which has used the method of embedded value .

通过对每种评估方法详细的分析对比，笔者认为经过对健康保险特有参数的设定，内含价值法成功的解决了健康保险价值评估的两个难点，成为健康保险公司价值评估的首选方法。

Through a detailed comparison of each evaluated methods , the author believes that the method of embedded value can successed solve the difficulty of the evaluation of health insurance , with the setting of some specific parameters . So this method becomes the preferred method of the evaluation .