The Research On Construction Of Compliance Risk Management Mechanism In Insurance Company

As far back as the 1990s, some international finance companies have already realized that, risk scandals as great operational risk case and money laundering taking place in succession, mostly caused by its failure management of compliance risk. In various countries, Supervision authorities sense that outside compliance supervise should not, in fact can not substitute inside compliance risk management either, the effective compliance supervision must be based on sound , high-efficient compliance risk management. With the development of pluralism, complicating, internationalization and information technology's development, strengthen financial institution's construction of compliance risk management mechanism become more important.Insurance company of our country violates legal provisions from its setting up constantly, and facing serious compliance risk. In January of 2006, Chinese insurance Supervising Association has put forward the demand for compliance for the life insurance company for the first time in "instruction on standardizing administration structure of insurance company (try out) ", this will promote the life insurance to build compliance risk management system greatly.This text has described the relevant concepts of compliance, compliance risk, compliance risk management at first, then narrated compliance risk management's development course and the reason why it developed and changed, it analysed the compliance risk management practice in the world, then after describing compliance risk management practice of domestic insurance company, combined the reality of our country's insurance company, proposed some guidance and suggestion on how to set up effective compliance risk management mechanism.In order to set up a valid compliance risk management in the insurance company, the following two questions are particularly important: First, the mechanism should cover everyone in insurance company, including directors, senior administration and ordinary staff; Second, keep the compliance department independently, then its'work can be carried on effectively. Value the relation between the compliance department and other departments, and do the compliance work well together.