中文摘要：

经济资本的度量及配置是风险管理的核心内容。本文利用Copula函数构建保险公司总体风险的联合分布函数，结合TCE方法来度量保险公司经济资本，并利用动态规划方法对经济资本最优配置模型求解。最后结合中国人民财产保险股份有限公司的数据进行实证。通过研究发现，我国财险公司内部偿付能力状况较好，但险种结构有待优化。

英文摘要：

Economic capital measurement and allocation is the most important part of risk management in insurance companies. This paper used the Copula function to establish the joint distribution function of the overall risk of insurance companies, then measured the economic capital of insurance companies with TCE method, and finally applied the dynamic programming model for optimal allocation of economic capital. The paper made an empirical study of the models by using the data of PICC Property and Casualty Insurance Company Limited and found out that the solvency status of Chinese insurance companies was in good shape, but their business structure needed to be optimized.