Improve China's Life Insurance Industry Solvency Regulatory System

World's financial deregulation and China's entry into WTO urges China to renovate its life insurance solvency regulation system so as not to hinder the development of its life insurance industry in the new era. Thus, how to improve the existing regulation system to meet the need of the new situation is a knotty question facing China's insurance regulation commission. The economic regulation theory implies that while making regulation policies, various kinds of forces in the environment should be taken into account and balanced, so that a decision which can either promote the development of the regulated industry or meet the interest of the public can be made. With the guidance of the economic regulation theory, this dissertation probes the way to perfect China's life insurance solvency regulation system, and presents relevant ideas from the following three aspects: solvency regulation pattern, solvency regulation institution, and solvency regulation techniques.This dissertation develops this subject in the following six parts:Chapter one gains enlightenment on solvency regulation from insurance regulation theories the author adopts.Chapter two first introduces the methods to assess solvency and analyses their application to solvency regulation on the bases of the expounding on the implication of solvency. Then, the influences on solvency are analyzed in both the macro and micro perspective.Chapter three draws inspiration from the analysis of the two most outstanding insurance solvency regulation systems: north American system and European system.Chapter four first illustrates the necessity to strengthen solvency regulation in China by analyzing the status quo of China's life insurance industry. Responding to the need of the market, this dissertation then analyzes China's existing solvency regulation index system via demonstration, and presents the problems and disadvantages of it.Chapter five put forwards some ideas from three aspects to improve China's existing solvency regulation system under the specific circumstance the author elaborates at the beginning of this part.The last part summarizes the ideas presented in the dissertation, and brings forwards insufficiencies for further study.