Research On Social Responsibility Of Insurance Companies

China's insurance industry is in a stage of rapid and vigorous development.The insurance industry plays an important role in the national economy.It also plays an important role in maintaining social stability and promoting social development.The insurance industry and insurance companies should and must bear social responsibility.This paper makes a comprehensive study on the social responsibility of insurance companies.Firstly,the paper studies the historical evolution and legal logic of corporate social responsibility,and points out that enterprises in modern society are not only participants in commercial activities,but also part of social management.Therefore,it is reasonable and inevitable for enterprises to bear social responsibility.The diversity of the roles played by enterprises in business activities and social participation determines the diversity of the ways in which enterprises undertake social responsibility and the matters they perform.While looking for the legal basis for corporate social responsibility,this paper also discusses the scope and level of corporate social responsibility based on Carroll's social responsibility pyramid model and the main guidelines for the preparation of corporate social responsibility reports.The insurance industry and insurance companies bear social responsibility,which is different from the general commercial enterprises.This paper uses the theories of information economics,public economics,and financial economics to demonstrate from the perspective of economics.The paper also uses government failure theory,new public management theory and collaborative governance theory to demonstrate from the perspective of politics and management.On the legal basis,combined with the company law,the insurance law,and the characteristics of the main insurance business of insurance companies,this paper emphasizes the legal basis for the insurance industry to bear social responsibility.In particular,the paper demonstrates that insurance companies should also take the initiative in the field of social insurance in addition to carrying out their commercial insurance business.In the field of commercial insurance,according to the main types of insurance companies,this paper discusses the compensation of property loss insurance and the social responsibility of companies,the social responsibility of insurance companies contained in liability insurance,and the social responsibility of credit guarantee insurance and insurance companies.For the emerging low-fare medical insurance business,the paper exemplifies the social responsibility of the insurance industry through case analysis.This paper studies the theory of the public welfare function,status and management mode of the insurance industry.This paper demonstrates the public welfare of the insurance industry from the aspects of economic compensation,social stability,financial security,ethical responsibility,compulsory insurance and the relationship between special government and enterprises,and how to implement its public welfare in the operation of the insurance industry.In particular,the paper points out that China's insurance industry is developing and growing in the socialist market economy environment,and state-owned assets play an important and irreplaceable role in the development of the insurance industry.Therefore,the social responsibility of the insurance industry and insurance companies is also an inevitable requirement for the development of the state-owned economy.The diversification of insurance business and the diversity of development formats of insurance industry determine the richness of insurance companies in undertaking social responsibility matters and fulfilling social responsibility obligations.This paper discusses the manifestations and levels of social responsibility of insurance companies from four levels: economic responsibility,legal responsibility,ethical responsibility,and charitable responsibility.The development of China's insurance industry has experienced decades of ups and downs,and has undergone great changes in market environment,market structure,market scale.This paper introduces the practice,problems and causes of social responsibility of insurance companies in China.This paper discusses the current situation of social responsibility of insurance companies from three aspects:legislation,judicature,and law enforcement,and makes a comparative analysis on the social responsibility of typical domestic insurance companies.The research of this paper points out that the absence of social responsibility insurance types of insurance companies,the excessive pursuit of profits and excessive risks contained in product development,the weak supervision of social responsibility of insurance companies,the resistance of insurance companies to financial risks,the lack of ethical responsibility of insurance companies,the problems in the implementation of the principle of good faith by insurance companies are the main problems and deficiencies existing in the social responsibility of Chinese insurance companies,and the causes mainly come from four aspects,including the unclear functional positioning of Chinese insurance companies in assuming social responsibility,the excessive emphasis on economic responsibility by insurance companies,and the performance of legal responsibilities of insurance companies are subject to development goals,and the randomness and passivity of ethical responsibility and charitable responsibility.Finally,the paper puts forward some suggestions to improve the social responsibility of insurance companies in China.This paper puts forward policy suggestions and discusses them from four aspects: top-level design and system suggestions for insurance companies' social responsibility,legal construction and insurance companies' social responsibility,social supervision and openness and transparency of insurance companies' social responsibility,and giving full play to the subjective initiative of insurance companies to bear social responsibility.The research on the core issue of "the contradiction and unity of insurance companies' social responsibility and operating interests" has a certain constructive significance for improving and improving the deficiencies and perfection of China's current insurance companies' social responsibility related legislation.At the same time,the paper expounds the internal logical relationship between the social responsibility of insurance companies and many rules in their business interests,which may also help to understand the social responsibility of insurance companies and open some problems worthy of thinking.