Integrated Risk Management Of Life Insurance Enterprise In China

Enterprise Integrated Risk Management(EIRM) is a new way of managing corporate risk. It extends risk management practices throughout the organization's structures, processes, and culture. It incorporates and aligns risk management with business planning, the setting of objectives, decision making, and other management activities of the organization. It considers environmental, strategic, operational, and financial risks across the organization. The practice of EIRM assists life insurance employees in their decision-making. At the organizational level, it will help departments and agencies to think more strategically and improve their ability to set common priorities. At the individual level, it will help all employees to develop new skills and will strengthen their ability to anticipate, assess and manage risk.And at present the ways of EIRM attains a good progress in the western countries and becomes the focus of the economics theoretical field and the enterprise management field as well. But the development of EIRM in China is rather weak and systematic research in this field just started recently. Along with the development of the market economy, in the increasingly competitive environment, risk management will become an important activity in life insurance corporation in china. So, the deep research in this field will have an important and practical significance.In an increasingly complex environment, it is important that life insurance employees are encouraged to approach their work with creativity and a desire to innovate. The standpoint of the study is that the idea of EIRM is good at improving risk management in our life insurance corporation, although the practice of EIRM remains many difficulties. The study will analysis the development and risk of life insurance enterprises in china, try to make life insurance enterprises realize the importance of risk management, and suggest them practice humanity-oriented integrated risk management step by step, beginning with corporate culture andbuilding a integrated risk management framework.