China's Insurance Protection Fund System Research

Insurance Guaranty fund system is an important risk protection insurance system, especially for industry stability, financial security, the maintenance of the interests of policy holders. Under the new international situation and the financial crisis, the insurance industry is facing an unprecedented threat. Many giant national insurance companies are in trouble and the interest of holders is threatened. How to protect the stability of financial markets and the policy holders has become our priority.At present, China has not established a complete insurance guaranty fund system and not an insurance company withdrawing from the market. However, this does not mean the risk of the insurance industry is low. In the recent 10 years, the extent of the insurance market is rising as the rapid development of market economy. The possibility of bankruptcy of insurance companies is increasing as well. We must realize that there are many hidden dangers and chaos in China's insurance market which could cause potential bankruptcy. Risk management as a special industry will cause serious consequences for policy holders, the stability of social life, national economy caused by the mismanagement of bankruptcy. Considering this influence, it's more essential for China to establish insurance protection fund system,This paper briefly introduces the basic problems of insurance guaranty fund system and analyze the areas for improvement and solution by Combing the current situation of insurance protection fund development in China and other developed countries.This article includes the introduction and four chapters.Preface introduces the purpose, significance, as well as the research method. The first chapter elaborated the basic theory of insurance guaranty fund and the development and evolution of the insurance guaranty fund system in China. The second Chapter analyzes the extraterritorial application of the insurance guaranty fund system from Japanese and American perspective. The third chapter is about China's insurance market exit mechanism in the practical considerations of insurance guaranty fund and introduction to China's insurance guaranty fund system and its disposal in the practical application of the risk. The fourth chapter is author's visualization of the areas for improvement of China's insurance guaranty fund system. First division of property and casualty insurance life insurance guaranty fund of the actual operation, and give suggestions for improvement according to the problems identified before.