Chinese And Foreign Insurance Funds Use The Regulatory System For A Comparative Study

â… . Topic and its significanceWith the amelioration of domestic insurance market system and the increasing competition in insurance field, insurers suffer a downward trend in underwriting profit; and thus relying on underwriting profit to promote the domestic industry seems not enough. The mature foreign market experience shows that, when the competition in insurance market is complete, and the underwriting profit is slight, the incentive for further development comes from the profit acquired from insurance funds use. Subject to the small scale of funds use, our domestic insurance industry can hardly increase profit, which greatly influences the insurers'solvency. Therefore, it has become a prominent problem in the development of domestic insurance industry that to fasten the laws enacting and system adjusting, and then to contribute to the effective use of insurance funds.It is of great significance to study the legal systems relevant to insurance funds use.First, it is the need for the development of insurance industry itself. Laws and regulations, as well as policies concerning insurance investment are the basis of the funds use.Second, it is the demand of the improvement of insurance business environment. Being opened to the outside world, national insurance industry, if fail to fasten the relevant legal system and to improve the investment management, will be in an inferior situation in the future competition.Third, it is the inevitable requirement of the improvement of insurers'solvency. Revising and improving the laws and regulations wherever and whenever needed will contribute to new products development and...