关键词: VaR, 科技保险, 风险补偿

Abstract: VaR is an effective tool for financial enterprises to carry out comprehensive risk management, and the insurance company method of C-ROSS quantifying capital. Under the principal-agent framework, this paper studies a risk compensation contract of science and technology insurance using the VaR tool, expounds the theoretical basis of science and technology insurance risk compensation, and obtains the explicit solutions of the risk compensation contract under the cases of symmetry and asymmetry information respectively. The results indicate that fixed compensation in the contract plays a leading role, and the optimal marginal incentive coefficients could be positive or negative, decreasing with the confidence level of insurance company.

Key words: VaR, science and echnology insurance, risk compensation