The Establishment Of Supplementary Pension System And The Life Insurance Company's Strategic Choice In The Supplementary Pension Operation And Administration Of China

With the aged tendency of population, many countries are facing heavier and heavier finance pressure on the aged support problem, which is compelling governments and experts all over the world to begin thinking about it. In our country, being the basic form of old age support system, endowment insurance is changing to many other forms, and Supplementary pension has become the main support of the system. The life insurance companies, with their different types of insurance and consummate service function, have become the main force in the Supplementary pension market. In a long future period, facing market opportunities, developing Supplementary pension market should be treated as the most important work for life insurance companies. However, immature market environment and non-clear management tactic make the life insurance companies not bring their real advantages into play. How to catch hold of opportunities and promote life insurance companies to realize their potentials should be the problem which is worth life insurance companies'attention and discussion.Based on Supplementary pension basic theory, this paper describes and analyzes the external market competing environment and inner competing conditions objectively. It also discusses the advantage and disadvantage of life insurance companies in Supplementary pension management, the reasons and the tactics. At last, this paper gives some suggestions on how to improve life insurance companies'competency in Supplementary pension market from the two aspects: inner subjective conditions (self-consummating of life insurance companies) and outer objective conditions (policy support from the government).This paper is divided into three parts: the foreword, the main body and the tag. The foreword mainly discusses the research background, sense of the problem and research method; and the main body is the objective description and deeper analysis of life insurance companies'developing tactic in Supplementary pension market, and provides some feasible suggestions about it; the tag expresses the wishes that Supplementary pension market and life insurance companies will develop together.This paper mainly contains three chapters:Chapter one—positioning and establishment of Supplementary pension Firstly this chapter introduced the characteristics of Supplementary pension in order to make the position of Supplementary pension clear, then analyzed the operating situation and government support to the present Supplementary pension system in order to discuss the supports and encumbrances of our country's life insurance companies, with the purpose to establish clear developing direction of Supplementary pension management.Chapter two—operation management of Supplementary pension in foreign countries and its revelationThe writer researched the Supplementary pension in the USA, the U.K. and Japan, summarized the characteristics and experiences of comparatively mature and consummate Supplementary pension in foreign countries. Based on the foreign experiences and the real situation in our country, this chapter expressed that our country's Supplementary pension management should be adjusted appropriately, with the wishes that it will contribute a little to the consummating of it.Chapter three—advantage and tactics of life insurance companies in Supplementary pension managementThis is the most important chapter in this paper. It mainly analyzed the tactic of Supplementary pension management in life insurance companies, especially the operating problem. Firstly analyzing the role insurance companies played in the history of Supplementary pension, then comparing life insurance companies'advantage on Supplementary pension to other institutions, at last suggesting consummating life insurance companies and constituting related rule of law.The contribution of this paper is as following:1. Research directionBased on the point of facilitation relationship between life insurance companies and Supplementary pension market, this paper described Supplementary pension operating situation comprehensively and pointed out the importance of it. It also summarized life insurance companies'role and advantage in Supplementary pension operating and how to manage Supplementary pension effectively.2. Research resultUsing the basic principle of economics, management, demotics, finance and insurance, combining theories and practices and comparing international experience to Chinese realism, this paper pays attention to the combination of standard analysis and empirical research, qualitive analysis and quantitative analysis, macro and micro angle, theory and policy. At last based on the research analysis, it analyzes the tactic choice of Supplementary pension in life insurance companies, and presents some suggests on how to operate Supplementary pension and promote the establishment of Supplementary pension system.3. Realistic senseOn the basis of possibility and feasibility, this paper presents several suggestions on consolidating Supplementary pension in life insurance companies. In some degree, it's new and creative.Being a new affair related to many fields, such as insurance, finance and security, there are still many problems about Supplementary pension, no matter from the theory analysis or from the operating method. Because of the time and ability limits, this paper also has many shortcomings, which is worth further research.