| The insurance industry, as one of the mainstay industries of national financial industry, plays an irreplaceable role in economic compensation, fund accommodation and social administration, which act as a social stabilizer. However, most insurance companies in our country still just focus their attention on the increase of premium scale, regardless of the operational risks management, illegal operation emerges in endlessly, which results in the bad operational benefit and is harmful to the long-term sustainable healthy development of the whole company. As one of the major operational risks to insurance company, underwriting risk permeates directly through the everyday management operation, therefore, strengthen the cause analysis of underwriting risks and formulate effective precautionary measure to control underwriting risks have realistic significance to the risk management level improvement and the sustainable development of insurance company.Based on the author’s experience during many years engagement in the group insurance underwriting management, established in the fact of underwriting risk management in New China Life Insurance Co.,Ltd adopted the method combines normative research and case study together, I state the representation and characteristic of the group insurance underwriting risks, analyze the reasons, put forward the relevant strategies on how to enhance the management of group insurance underwriting risks after analysis, which provides practical reference to the group insurance operation in insurance company.Firstly, this article expounds the relevant theory of insurance company risk management, which acts as the theoretical basis of risk management strategies. Secondly, explains what is underwriting risk of group insurance, itemizes their main representation, states the generated serious consequences due to ignoring the underwriting risk management. Then take NCI Co., Ltd for example, analyses the internal and external situation of the underwriting risk management in group insurance of NCI Co., Ltd in detail, gives a deeply cause analysis of the underwriting risk. Finally, based on the analysis of above questions and the operation situation of group insurance in NCI Co., Ltd. Shandong Branch, the author pertinently puts forward the strategies related to the management of underwriting risks, such as cultivate the enterprise culture of comprehensive risk management, set up the check mechanism which place equal stress on quality and scale check, perfect the underwriting internal control mechanism, enhance the centralized management of underwriting operation, build high qualified underwriters and strengthen the development of IT system, which provide reference for the practical operation.The results of this paper show practical application value to the underwriting risks management of Group Insurance in NCI Co., Ltd, and have corresponding reference value to the other insurance companies as well. |
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