Solvency Supervision Of The Chinese Life Insurance Industry Research

Because insurance industry performs the function as society "stability machine", it's very important to supervise insurers, especially life insurers. The target of supervision is guaranteeing sufficient solvency and protecting the customers' benefit. In our country, life insurance industry has just started. Because of the rough management, the risk of insufficient solvency exists. Solvency supervision has been the core of insurer supervision in many countries. In our country the supervision of solvency is gradually from stressing both market behavior and solvency supervision to solvency supervision..In the world, there are mainly two kinds of solvency supervision manners: the static and the dynamic .In this paper three types of supervision are introduced in detail, including "North America type", "British type", "Original Japanese and German type". Comparisons are made to merits and shortcomings of various type .Life insurers are mostly insufficient solvency in our country, so strengthening the supervision of solvency makes great sense. There are mature methods of solvency supervision overseas. For every country has different background, it may be not suitable to introduce into other countries' modes directly. Only after fully understand the risks Chinese insurers face, can we find suitable mode. Along with international risks manage strengthening; our country should build up risk-oriented solvency supervision, gradually from static mode to dynamic mode.Through the analysis of domestic life insurers' present solvency condition, there are eight thoughts to perfect solvency supervision: Build up vivid and valid supervision system embodying stimulations; investigate scientific and feasible solvency indices and measurement system; introduce into advanced capital-liability management and build up dynamic system; perfect exterior solvency mechanism and strengthen audit and supervision for the insurers; urge the establishment of independent-status and self-disciplined industry organization; speed the...