Evaluation Of China 's System Importance Insurance

Since the eruption of the financial crisis in 2008,the fragilty of the financial regulatory system was exposed recklessly. And this caused severe regulation to the finance system. The aim of the requirements was originally to the banks. However, with the bankruptcy of the American International Group(AIG),and its huge bailout by the American government,broke out the traditional idea that insurers could not cause any systemic risk.Therefore,the international organization such as the Financial Stability Board(FSB),International Association of Insurance Supervision(IAIS),and the Geneva Association(GA),all think it‘s necessary to take effective supervisory measures to tackle the systemic risk in the insurance industry.The paper mainly use the improved method that IAIS proposed to recognize the G-SII,and the China insurance operating data,to assess the insurance institutions four categories of indexes: size, interconnectedness,non-insurance and non-traditional activities and substitutability and give every insurance institution a comprehensive score. And give advice to those that more attention should be attached.The paper also use the case-study method,to analyze the PINGAN insurance group,which is the only G-SII from the developing country. And give a comparison among the other G-SII and typical Chinese insurance groups.From the supervisory view,the author put forward some measures to solve the systemic risk: insurance institution supervision; the C-ROSS and the insurance brokerage supervision,etc.