| Credibility is the cornerstone of the development and improvement of the market economy. The insurance business uniqueness makes that the insurance industry reflects credibility, but also depends on it. Since the full recovery of domestic production and life insurance business in 1980, China's insurance industry has developed rapidly. The premium income increases at the rate of 30% each year. The industry has achieved impressive results. But, behind the rapid development of the insurance industry, there is a fact facing a serious credibility flaw, which causes great damage on insurance clients and relations, but also becomes a bottleneck of China's insurance industry development. How to build China insurance Credit System, and promote sustainable and healthy development of the insurance industry, which become the issue of China's insurance industry we need to resolve.This paper is divided into four chapters:Chapter I is the basic theory of insurance credibility. First, we explore the meaning of insurance credibility through the definition, origin and development of credibility. Second, we focus on the basic characteristics of the insurance industry and credibility of the uniqueness of the special requirements of the insurance industry- the principle of"Utmost Good Faith". Finally, this paper describes the main content of the"Utmost Good Faith"principle. We point out which behavior is credibility by the main body of the insurance transactions, and what are the rights of the parties to the contract of insurance should fulfill those obligations.The second chapter of the paper is the empirical analysis of the China... |
