Study Of The Objective And Index System Of The Effectiveness Of Insurance Management Supervision

With the development of human socio-economic activities, the insurance is the inevitable outcome of Risk diversification and the transfer of economic loss. It has become an integral part of the modern social system. It plays a key role of social stabilizer and economic booster.For the purpose of effective operation of the market, giving full play to the insurance, the appropriate regulatory regime constraints the monopolizations, acts of unfair competition and information asymmetry, supervise the insurance sector, and for the purpose of maintaining market stability and achieving the country's overall economic objectives by insurance market. The nature of government regulation is a kind of institutional arrangements, choice and design of the regulatory regime directly determine the role of insurance. At the same time, regulation is actually a mandatory process. It forces the market participants to product in the point of maximized social welfare. Ultimately, achieve the optimal allocation of resources.But the rational enterprises always avoid regulation, maintaining the self-interest by any ways. These factors often lead to difficult to achieve government targets. So insurance regulatory goals must be clear, to achieve objectives of government regulation by the appropriate system, and weigh the pros arid cons of insurance supervision and the possible costs, for the premise of the established goals, enhance regulatory efficiency. Then achieve the effective regulation of the insurance market and realize the effectiveness of insurance supervision.This paper selected the effectiveness of insurance supervision as the object of study, mainly focus on the following aspects of the issues:First, what is the effectiveness of insurance supervision? What is the theoretical foundation and the formation of the root causes of insurance supervision and regulatory system. Second, what's the goal of effective insurance supervision? How to judge the effect of the insurance balance? How to measure the effectiveness of insurance supervision? What are the criteria to measure effectiveness? Third, how about China's current insurance regulatory system? Fourth, how to improve current insurance regulatory system?This paper explores the effectiveness of insurance supervision by institutional economics, game theory, principal-agent theory, public choice theory and other analytical methods and analytical tools, discuss the objectives of China's insurance regulatory system and the direction of reform, give some forward-looking advise and feasible policy recommendations.In this paper, I study and explore the system of insurance regulation and the effectiveness of insurance supervision, and I think that the connotation of the effectiveness of insurance supervision should include monitoring the effectiveness and efficiency. By study traditional theory of the effectiveness of insurance supervision, I analyzed the need for insurance supervision and reasonable, and explore the effectiveness of insurance supervision objectives and the principle of efficiency. Then propose the measure the effectiveness of insurance supervision system of criteria and indicators. Through the Economic analysis of the effectiveness of insurance supervision, I analyzed the underlying causes of regulatory failure from the theory of Monopoly, externalities, public goods characteristics, information asymmetries of insurance supervision, and analyzed the rational choice of insurance supervision. Then I examines the operation of China's insurance regulatory system effects, analyzed the effectiveness of China's insurance regulators, which based on China's specific national conditions and insurance market conditions, affirmed the insurance regulatory system, the effectiveness of the overall. With the continuous development of the insurance industry, insurance product innovation, insurance supervision will have to face more new challenges. Meanwhile, there are still many deficiencies in China's insurance regulatory system. We should improve China's insurance regulatory system by macro and micro.This paper attempts to have some breakthrough in the following areas:1. Domestic scholars have achieved some success in the study of system construction, Comparison of regulatory regime, the legal system, the development trend of insurance supervision. However, the theories of the analysis of the effectiveness of insurance supervision are rare. By the analysis of insurance regulation effectiveness, the game model and the China status of supervision, I proposed the meaning of the effectiveness, goals, efficiency standards and measurable indicators of insurance supervision.2. I applied public regulation theory and principal-agent theory and other research results to the analysis of the effectiveness of insurance supervision, analyzed the root causes of lack of insurance regulatory efficiency. I used game model in the analysis of analysis of the effectiveness of insurance supervision.3. By collecting and collating a large number of statistical data, I proposed measure of the effectiveness of insurance supervision and analyzed the effects of our current insurance regulatory system from the qualitative and quantitative aspects.4.For China's insurance regulators in the transition period, I make improvement recommendations to improve the effectiveness of insurance supervision from the macro and micro level, emphasized deregulation and strengthening the unity of the control, the balance of regulation forces and market forces, put forward constructive proposals to achieve the effectiveness of China's insurance regulators.