The Study Of Supervision Of Insurance Companies'Compensation Capacity

Finance is the lifeline of economics. As one of the three main parts of finance, Insurance is exerting a more and more greater role in social and economic development.Since the resume in 1980, Insurance developed with a high speed. This development mainly shows in such areas: The subjects of insurance market continually increase, a benign competition pattern has come into being: Insurance organs have been added from 1 in 1980 to 61 in the end of 2003 ; -.Insurance varieties increased fast, premium grow in a surprising speed. Until now, there are more than 1000 insurance varieties, including property insurance. life insurance. responsibility insurance. credit and guarantee insurance and so on. At the end of 2003, our country's premium reached 388.04 billion Yuan, comparatively increase 27.1%; . national insurance consciousness increases, the trend of joining insurance voluntarily became prevalent. Companies and individuals have a more deeper realization of the function of insurance as "social stabilizer" in "dispersing risks and organizing compensation", the demand for insurance consumption grows to a higher level. . Insurance market obtained remarkable achievement in opening to the world. Since AIG established in Shanghai in 1992, foreign insurance companies have increased to more than 20, the opening area has also broadened from Shanghai to Guangzhou. Beijing. Shenzhen. etc. Besides, there are more than 100 insurance companies from 17 countries and area worldwide set up 200 more representative organizations. .The idea of profit making gradually became entrenched. Recently, the business idea of "profit first" has taken root in most of insurance companies. "Profit index" gradually became a major means of strengthening management used by most ofinsurance countries.Our country's insurance develops forcefully, meantime, there exist some unneglectable problems. First, the order of insurance market comparatively poor, the competition does not standard, the medium organizations for insurance develop stagnantly, the phenomenon of " high commission, high returns and low rate and so on exist stubbornly. Next, insurance internal system is not sound, the consciousness of managing according to laws still week. The product structure is not reasonable and can not adapt to the development of insurance. Third, Insurance supervising can not keep pace with the growth of insurance. Supervising system needs perfection, supervising means needs to be strengthened, supervising ways needs to be improved. The aforesaid play a bad influence for the healthy growth of our country's insurance.In this condition of opening to the world, how to make insurance develop prosperously, and how to guarantee the stability of insurance naturally became a major problem encountered by insurance supervising organs. Our country's insurance organizations lose no opportunity put forward the goal of establishing the supervising system focused in compensation capacity. This enough proves that compensation capability is the key point of insurance supervision in the condition of market economics, and is an important means of promoting safe running and preventing risks for insurance companies. Recently, "compensation capacity supervising" often appears in some monographs and periodicals concerning commercial insurance theories and practical studies. But there exist some chaos in some fundamental points, for example: what is the compensation capacity, how to supervise the compensation capability, what is the theory basis for various supervising measures, etc. This article intents to expound insurance companies' compensation capacity and the content about the compensation capacity systematically, and in reference of foreign countries advanced experiences, put forward some instructive suggestions in perfecting our country'scompensation capacity supervising system.This article includes four chapters: Part I is the theory analysis of compensation capability supervising; Part II is the tendency analysis of foreign countries' compensation capability supervisi...