Insurance Industry Information Disclosure

Asymmetric information in insurance market makes it necessary for insurance companies to disclose their information, most of which is financial information. Not only Supervisor needs to supervise insurance market by a lot of information but the insureds and investors want to choose insurance products and investment decisions by their desired information.Meanwhile, the related investigations mostly pay attention to listed companies or common companies. Although the question about information disclosure has been put forward since a long time, the actual information disclosure regulations can' t reveal the character of insurance market adequately because of all kinds of factors. Now, the perfect regulation of insurance information disclosure hasn' t been established yet.The theory of this paper is based on information economics. Necessity of disclosure and particularity of insurance information will be demonstrated in this paper. There are mature experience in insurance markets in USA and UK, which are worth of being used for reference by China market. After analyzing this point, the information disclosure of insurance companies regulation will be constructed.There are six chapters in this paper. The chapter 1 and 2 put forward the main question and provide scientific basis for the construction of the information disclosure of insurance companies system requirement, and analyze some negative factors influencing disclosure. In the chapter 3 and 4, particularity of insurance information is demonstrated, and I analyze the information disclosure of mature insurance markets in some countries and the actual situation of it in our country. The chapter 5 and 6 construct the information disclosure of insurance companies requirement in our country, emphasizing the details that can represent the character of insurance information, for example, unattached account, solvency and the information of the insureds.At last, the innovation of the regulation is investigated in the new economy condition. Many new points are discussed for Internet, WTO and coming into the market.