A Case Analysis On Compliance Management Of RC Insurance Shi Jia Zhuang Branch

Insurance originated from abroad，was in China last century，accompanied by China’seconomic development and to strengthen，Especially in the last century since the90’s，theinsurance market increased rapidly and even the new high point. For Chinese insurance market，the significant opportunity of development has started coming in.Along with the development of insurance market，the compliance has developed andimproved continuously. During decades of practice，insurance company had set up internalcontrol process and standard for compliance management gradually. In January2006，ChinaInsurance Regulatory Commission put forward the requirements about compliance to insurancecompany for the first time in “The Instruction about Regulations of the Governance Structure forInsurance Company (Trial Implementation)”.In September2007，CIRC has published “Guide forInsurance Company of Compliance Management”. These would promote the construction ofCompliance Management System for insurance industry.However，the difficulties of compliance control for insurance company have not beensolved fundamentally，they are still restricts the healthy operation of the company： First，insurance company is affected by the intense competition，the compliance risk is intensified. Forexample，Illegal fund-raising Incident in XH Life Insurance Company，Jiangsu Provence.Second，due to the unreasonable governance structure of company，in recent years， it wasoccurred that quite a few insurance company appropriated and withdrawn capital malignantly Inorder to establish an effective compliance management system，these points should be done.. So，the compliance risk for investors is increased. For instance，Guan Guoliang Event in XH LifeInsurance. Mr.G had appropriated and withdrawn260million Yuan. From this perspective，theresearch of compliance management for insurance company has great practical significance.Structure arrangement，this paper introduces the insurance market，insurance and otherrelated concepts，and then on the compliance，compliance risk，compliance risk management andother related concepts are discussed，at the same time around the compliance risk managementanalysis on the development of foreign， domestic practice， finally close RC insuranceShijiazhuang branch of the reality of the situation，there is puts forward the improvementmeasures The author thinks，the following three aspects of the implementation will have a directrelationship to the compliance management system perfection. Firstly，keep independence forcompliance department. This is the most important precondition for compliance. Otherwise thecompliance cannot be real effective. Secondly，compliance should run through every link ofcompany’s operation，without omission or imperfection. Thirdly，the compliance managementsystem should cover and spread to every employee，no matter who he is and what he thinks.Compliance provides what can be done and what cannot，and then delimits a specific boundary.