Study On International Comparison Of Insurance Corporate Governance Model

Since 2003, with the constant reform and promotion of insurance industry's share system of our country, the problem of insurance corporate governance has been lift up to the agenda increasingly. How to perfect the structure of the governance of our country's insurance corporate has been regarded as the core contents of company's reformation. But because of the industrial scale, the shareholder's different background and so on , insurance corporate governance structure still has many problems, Such as the state-owned major stockholder. All of these have limited the level of our insurance corporate. At the same time, along with the unceasing opening of insurance market and more channel of the insurance fund, the insurance corporate governance structure has faced stern challenge. Under this environment, the study of the insurance corporate governance model and the specialty of our country's insurance corporate governance has quite special and important meaning.This thesis can be divided into three parts:The first part of this thesis introduces the basic theories of the corporate governance firstly in order to lay good theories foundation for the latter research. It includes the content of corporate governance and corporate governance model, the main theories of corporate governance and the specialty of insurance corporate compared with the general companies. The corporate governance is a kind of system arrangement essentially. In this chapter, we explain the corporate governance from two angles: shareholder-governance perspective and stakeholder-governance perspective. We also complain the meaning of corporate governance model. We elaborate the theories of corporate governance in detail in order to support the behind research. The Characteristic of insurance corporate governance includes that: The goal of insurance company governance is not only the maximization of company value, but also includes the insurance company itself and even the security and steady of the entire financial system; Insurance corporate governance more pays attention to the benefit of relations, not merely limits into shareholder itself; It Stresses the mechanism of internal governance; It is quite important to coordinate the relationship of supervising and managing organization and insurance corporate and so on.The second part is the most important part of this thesis. In this part, we aim and argue the main model of international insurance corporate governance, search the formation mechanism of the two main insurance corporate governance model–American and England insurance corporate governance model, Japanese and German insurance corporate governance model. Then we carry on the comparison of this two insurance corporate governance model, take their essence, leave their badness, draw lessons from the successful experience of their management. All of these are good to perfect our country's insurance corporate governance. The characteristic of England and American insurance corporate governance is the highly dispersing and strongly fluidity of stockholder's rights. In this kind of model, the capital mainly comes from the capital market. The characteristic of Japanese and German insurance corporate governance is the stability and centralization of shareholders. Through analyzing the two model of insurance corporate governance, we can find the right model which can be suit for our insurance industry.The last part is the analysis of the realistic circumstance of our country's insurance industry. In this part, we can find out the existent problems and inquiry the path to resolve them. This is also the final purpose of this text. The existent problems include that: The shareholder's authority cannot truly carry out; The board of director's responsibility cannot sufficiently clear about; The increment of insurance fund is restricted and so on. The way to solve those includes that: Realization of stockholder's rights structure multiplication; strengthening the board of directors'responsibility; establishing the practical and effective management system of insurance fund; perfecting the board of supervisors' function; explicating the social responsibility of insurance corporate and so on.