The Optimization Of Government Regulation System In Insurance Industry

After nearly four decades of development, insurance industry in China has achieved remarkable developments. However, there are still deficiencies of corresponding regulations from government's view. In order to get a robust environment for insurance industry, it requires not only painstaking efforts from practitioners,in-depth research from scholars, but also, most importantly,government regulation from macro level. By means of synergistic cooperation from government interventions and the market itself, the insurance industry then can be developed soundly and rapidly.This study introduces the relevant system of theories and the correlation analysis of the insurance industry in China. In order to build the concept from the perspective of the system, with the help of operation and analysis framework of the government regulation model, we hope to find a new insight in the theoretical analysis. According to the analysis of the rules of the insurance industry in China, it is related to the theory of insurance, the principal-agent theory and the regulation of the economy. This paper focuses on the integration of normative and empirical research, comparative analysis and comprehensive research and comparative analysis.Firstly, this paper analyzes the four stages of the government regulation of insurance industry in China; and it also, combining with the features during different period, analyzes the characteristics of different stages of the insurance industry regulation. On this basis, the paper studies the content of the government regulation of the insurance industry from several aspects such as the exit of the insurance institution,the level of reimbursement, the market activity and the management of the company.Under the background of the new economy, the paper analyzes the opportunities and challenges faced by the insurance industry regulation in China.Secondly, the paper puts forward the optimization framework of government regulation of the insurance industry, and points out the concept and system characteristics of the regulation model system. The regulation system of the insurance industry is a system which is composed of many parts, which is hierarchical, dynamic,open and nonlinear. Then we put forward the concept model of government regulation model and construct the model of government regulation. The operation of the government regulation system of the insurance industry is based on the input-output system.Finally, based on the conceptual model and the operation model, to maximize the benefits arising from regulatory policies and to minimize the risk of regulatory policies,we construct the analytical framework of the government regulation model of the insurance industry.Based on this framework, this paper analyzes and optimize the existing insurance market and regulation. With the method of analysis subsystem, it discusses the system of insurance industry regulation, mainly includes four aspects: entry and exit regulation subsystem, payment behavior ability regulation subsystem, market regulation system and regulation system of corporate governance. At the same time, this paper compares and studies from the experience of western countries, the two levels of regulatory model from the United States, the administrative regulation model from Japan, the loose regulation model from the U.K. and Germany's prudent regulation model respectively.In the Final, the paper puts forward some countermeasures to optimize the government regulation of China's Insurance industry.In this paper, it introduces the research methods, the research frameworks, the research contents and other aspects of the different points of innovation. The full range of research is on insurance industry in China and the correlated government regulation system with integrated approach. Using this system, a concept model and an operation model China insurance industry regulation are established, a framework of government regulation mode of the insurance industry is built. In addition, at the framework of the analysis, the author puts forward some constructive countermeasures to optimize the government regulation of China's Insurance industry.