The Application Research Of Internal Control Of XX Insurance Company Branch Fund Management

Some international famous insurance corporations have been on the brink ofbankruptcy, collapse since1990s. This phenomenon makes the international insuranceindustry face a larger solvency crisis, which has a great influence on global financialstability. Thus, governments and international financiers began to focus on theinternal control of the insurance company, building internal control system accordingto the business character and risks of insurance company. With giant available fund,which highly depends on investment, fund management becomes the top priority ofthe insurance companies’ internal control system. The main goal of the fundmanagement internal control is to use the funds reasonably, strengthen the control ofcash flow and process, guarantee insurance company with appropriate amount of cashanytime.This paper summarized the domestic and foreign academic research results aboutthe insurance fund management internal control and introduced the features andcontent of insurance funds and fund management. Then, the author chose XXinsurance enterprise as the research project, analyzed the company’s businessoperation and the situation of the provincial branch’s fund management. Using ratioanalysis and comparative analysis, the author pointed out the problems in the fundmanagement, such as the environment construction of internal control, the strength ofsupervision and management, process optimization, the management of fee collectionsystem and the potential risks. Based on the problems and their causes, this papercombined the actual situation of the branch, put forward several suggestions toimprove the fund management internal control, consulting excellent theory andpractice experience at home and abroad.