Research On China Insurance Group’s Risk Management And Control

This article is based on the crisis as a case of AIG, and combined with AIG’s case studies after the financial crisis, insurance (financial) group risk management changes were evaluated, and finally under the current development of China’s group insurance and risk management status we get some inspiration of the insurance group of risk management and supervision and make some suggestions.For the case of AIG, firstly we introduced the background of the AIG crisis-the impact and process of the U.S. subprime mortgage crisis. And then by AIG’s financial statements analyzing balance sheet and income over the years, some conclusions are deduced. Finally, the risk factors for AIG was analyzed in-depth,from the macro environment and micro perspective of the product discussing the process of AIG crisis, and the use of the theory of asymmetric information products were analyzed on the CDS, found that CDS products business having moral hazard and adverse selection risk, and proposed operating CDS product must be strong measures by the government to solve the problem of asymmetric information, can really make the CDS become a good financial derivatives.After analyzing the case of AIG, this article briefly describes the development of foreign insurance (financial) Group, combined with the financial crisis AIG case of foreign insurers (financial) changes in the Group’s risk management, and we draw some conclusions.Finally, the introduction of the current development of China’s insurance group and risk management situation, through the analysis of the case in front of AIG and foreign insurance (financial) group risk management changes, we get some revelation of risk management and supervision. As a result, we get a number of recommendations of domestic risk management and insurance group supervision.The innovation of this paper, this is in the case of AIG with the development of foreign insurance groups and post-crisis risk management to discuss the risk management of insurance group; make comprehensive analysis by AIG’ financial statements on AIG’s financial risk factors, and the product of the CDS problem of asymmetric information is analyzed.This article is divided into five chapters. Chapter One Introduction:This paper describes the background and significance of this study; introduces the ideas and research methods and the framework paper; summarizes the major innovation of this paper; point out that there are limitations of this article and inadequacies. The second chapter is the definition of insurance groups and insurance company risk. The third chapter is the crisis of AIG. This chapter first introduces the background of AIG crisis, and then AIG’s general status, and AIG’s balance sheet and income are analyzed. Analysis AIG’s financial statements by the risk factors, we deduce the reason of AIG crisis, and made a number of risk management solutions; finally, on the CDS products analysis, we found CDS serious problem of asymmetric information, and proposed some solutions. The fourth chapter is foreign insurance (financial) Group development and foreign financial crisis risk management and regulatory reform. The fifth Chapter:some inspiration of AIG crisis for the development of risk management and supervision in China. This Chapter describes the development of China’s insurance group and risk management status, and then sum up the preceding analysis, we get some inspiration and advice for the development of China’s insurance and risk management group...