| Insurance regulation is an important component of financial regulation. Currently all the countries in the world concern themselves very much with the insurance regulation in the course of developing their own insurance industry. Since insurance deals with various risks by its nature, it is determined that appropriate and stable operation and management in the industry have great influence over the interest of a large number of policy holders and thus concern the stability of production and social life. The insurance supervision has a history of only more than a century since its emergence that is much shorter than that of the industry itself, but with the dramatically rapid development of world economy and the ever-deepening globalization, the risks present and accumulating in the economic growth of all countries have been increasing throughout the years. Consequently, supporting national economic development by means of insurance and reducing risks through insurance supervision to guarantee the insurance company's ability in payment of claims have become the primary function of supervisory bodies of insurance sector in all countries. The purpose of this thesis is just to discuss this impending problem. The author discusses the content of insurance regulation, introduces the foreign regulation systems, and also analyses the present regulation system in China. As the result of the above analysis, some advise are given on how to improve the insurance regulation system. The thesis includes 3 chapters and proceeds as followings: Chapter one explains the basic theories of insurance regulation. First, proceeding with relevant concepts of the insurance regulation, I define insurance regulation as the abbreviation for supervision and management to the insurance by the government. Because the operation of the insurance business is special, the goal of insurance regulation differs from general trade. Insurance regulation's main goal includes protecting the insured's legal rights and interests, promoting an orderly market and guaranteeing the security and stability of the insurance. Then, through economic analysis of insurance regulation, I justify the necessity of it. The second section of this chapter is mainly dedicated to the content of insurance regulation, namely, the supervision over the establishment of the insurance company, operation of the business, prudential regulation on financial affairs of the insurance company, the supervision on the safety of fund application and the regulation of the insurer's solvency. The last two sections of this chapter go to the principle, the means, the function and the meaning of insuranceregulation. In chapter two, I investigate the current situation and the system innovation of insurance regulation in the United States and Japan, and then summarize the enlightenment and the meaning of their system innovation to our country. Firstly, the insurance regulations' subjects, contents and the information disclosure systems of the United States and Japan are compared, and then the reasons of their insurance regulation system innovation, probed. Secondly, this chapter points out the enlightenment of their insurance regulation reform and system innovation to our country. First of all, stressing the supervision over financial ability, in fact, accords with the main goal of insurance regulation, namely, guaranteeing the insurance company's solvency. Second, the self-containment function of the trade organization was strengthened; the state control, relaxed; the market access, business scope of the main body of market and the investment field of the insurance fund, loosened. Third, in order to avoid the phenomenon that the insurance companies went bankrupt in succession in the late 1990s in Japan, the risk prevention measure was strengthened. Meanwhile, guarantee fund of insurance was improved, and withdrawal mechanism of insurance market was set up. In chapter three, I explore the system innovation of insurance...
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