Research On Government Supervision Of Commercial Insurance Market In China

Commercial insurance market regulation of government is the protection of our commercial insurance industry, it will make healthy and orderly development, protect the insurance consumers’ legitimate rights and interests of an important tool. Under normal circumstances, the insurance regulatory reflected in more government action, this is a macro-level regulation and supervision, therefore it means they use mainly for laws and regulations, administrative instructions, and economic means. Basically all countries in the world to establish a unique insurance regulatory system, to achieve the regulation of the insurance industry through the design and scientific means of multi-level organization. Global financial crisis in 2008, due to the spread of the financial crisis, the level and rate of expansion is widely, far beyond the control range, including our national financial regulatory authorities, precisely because of this, we should be on the commercial insurance market government regulation of thinking and a fresh design.In recent years, as China’s accession to the WTO continues to increase the openness of the insurance industry, the development of the insurance industry also showed rapid growth, but China’s insurance industry in the process of rapid development has also found a lot of problems. In the past, our country in the field of insurance supervision often refer Insurance regulatory philosophy and mode of the United Kingdom, the United States, Japan, Germany and other developed countries, but the outbreak of the 2008 financial crisis, so we are soberly aware of the need to avoid blindly follow, Chinese commercial insurance from the actual market situation starting to establish a stable, effective monitoring mechanism, so as to ensure that our commercial insurance market, the sustainability of the sound development of science.From a higher level, the development of commercial insurance market is crucial for the development of China’s financial industry, while the country’s stability and development of the whole society also has an irreplaceable role. Especially in the last 10 years, the rapid development of China’s commercial insurance market, while existing government regulation, both from regulatory philosophy, regulatory approach, technical and regulatory means or matching insurance regulation law and so to some extent it is exposed drawbacks and shortcomings- such as industry oligopoly or imperfect competition, the authenticity of financial data, information asymmetry, lower industry credibility problems for the insurance industry to play a social stability and economic booster function generates a greater impact, which all this shows that: government regulation of the commercial insurance market is still in its early stages and needs to be improved rapidly.This paper studies the issues related to government regulation of the commercial insurance market, sustainable development of the insurance industry, in addition to strengthening its own building outside, the inevitable need for government regulation to guide and regulate. The first part analyzes the significance and value of insurance supervision, investigate the current research, the theoretical basis of both government insurance regulatory supervision in accordance with laws and regulations and institutions, and combed the government regulation of the commercial insurance market research ideas, methods, and heavy and difficult. The second part discusses the concept of insurance with the main product, in reviewing the development course of commercial insurance at the same time introduces and analyzes the development of China’s commercial insurance market. The third part analyzes the current situation and problems of China’s commercial insurance market, government regulation, and were the reason for various problems were analyzed. The fourth part is analysis to the foreign commercial insurance market developments explored how our government should learn from the advanced experience for our country. Section V presents the regulation of the commercial insurance market trends and regulatory measures, to government regulation of the commercial insurance market suggested.