Thoughts To Perfect China's Insurance Regulatory System

China's insurance regulatory system lags behind the needs of China's insurance industry development, Insurance regulatory system needs to be perfected. After carefully combing on our existing system of insurance regulation, there is three system problems or operational issues ---"supervised mode does not adapt the financial mixed-business management needs ", "the enforcement of insurance corporate governance regulatory is not strong", "single administrative supervision system run badly". In this regard, I use comparative methods, draw on insurance regulation of mature countries and the of International Insurance Supervisors Association and propose a reasonable institutional arrangements to improve China's insurance regulatory system.Financial mixed-business management increasingly becomes the world financial development trend, financial Financial-Mixed Group and Financial-Mixed Products emerge in China, CIRC- CBRC-CSRC separate supervision model don't keep up with the financial regulatory requirements. Therefore, China should be gradual transition to the unified regulatory mode, that is, short-term goal is to reserve CIRC, CBRC and CSRC, but need to set up "Central Financial Supervision Commission" as a coordination agency for financial supervised conflict; forward goal is to eventually cancel supervised pattern and to establish a unified financial regulator -"Central Financial Supervision Commission" .Under the Commission, banking, securities and insurance for regulatory sub-sector were set up; and to set up special departments to regulate financial mixed-business, achieving comprehensive and effective supervision of financial risks and fundamentally protecting legal interests of financial consumers, including insurance consumers.In the insurance regulation system, corporate governance regulation is "soft underbelly" in china. In order to help our country insurance enterprises to establish a sound corporate governance and internal risk control system, our country should "raise awareness of the need of corporate governance regulation" and "establish mandatory information disclosure system". Eventually, we should establish real significance combining modern insurance regulatory system above solvency supervision, corporate governance regulatory and market conduct supervision Regulatory practice shows that single administrative supervision system don't hold up and maintain effective insurance supervision system. China's Insurance Industry Association, should play a self-discipline role to supervise the insurance companies honest, legitimate business, coupled with heteronomy supervision from CIRC, to form a sound system of multiple regulators and to promote the healthy development of the insurance industry.