From The Agent To The Capital And Industry Cooperation -- On The Construction Of Major Banks Insurance Companies

Since 1970's, the mixture run model of financial circles has selected and used by many West Countries. On November 4,1999 Financial Services Modernization Act came into force, bank, securities firms, insurance companies can mixed operation. Before this, UK, Japan had carried on the financial reform of "Big Bang", allowed financial industry mixed operation. These countries transforms from the separate run to the mixture, indicated the mixture will become the financial circles development trend of the world. China has been one of the members of WTO, our financial firms are going to compete with the international financial firms. In this course, integration of the Bank and insurance seems especially outstanding, there are presented so-called a lot bancassurance, assurfinance and all financial. Change like these, what is meant to us, how should we go to face these challenges, this is an extremely severe task in front of us. I hope people can have a total understanding about bancassurance through research of this text, also can get hold of the essences of bancassurance's development and change, according to the actual conditions of our country, can enlighten to some extent and reference function. This is the purpose of my paper. The paper is organized in three chapters. In chapter one, I introduce the definition of bancassurance, including narrow and broadly concept. And then I review the transform process in West Countries in last century. I also explain the reason why the West Countries presented bancassurance and the theoretic foundation. It is the starting point of the research. In chapter two, it analyses development environment and mode selection of some countries' bancassurance, including developed countries and developing countries. It makes our learn the mode that the bancassurance is adopted under the mixture abroad. From the social cultural, laws and regulations, financial, the tax revenue and government's support know why the bancassurance abroad can be developed, why form this kind today. It Analyses the mode of the bancassurance coming out under the environment of the aforesaid, there are three kinds of modes of all-round bank, holding companies, mother's banks separately, these three kinds of modes each have advantage and disadvantage, difficult to treat as the same. Chapter three discusses that through inside environment and present development obstacle analysis of the bancassurance, we realize the bancassurance development model that our country should adopt at present is a bancassurance company which sets up professionally. Then I suggest the operation way in the bancassurance company, the end is proposing some recommendations for better matching this kind of mode. First I have described the development of bancassurance of our country, from the social cultural of our country, laws and regulations, financial environment, the tax revenue and government's support analyses to the development environment of the bancassurance in our country. Then I propose several main obstacles of the bancassurance of development of our country and discussed the mode selection of the bancassurance. In the same time, I propose the construction way of the bancassurance company, institutional framework and internal control. At the end, I propose some recommendations to the bancassurance.