Research On Information Disclosure Of Listed Companies Insurance Accounting

Insurance is not only one of the pillar industries in the financial sector, but also animportant part of China’s socialist market economy. From the reform and opening-upto now, after thirty years of rapid development, China’s insurance industry hasacquired some achievements, but also presented a lot of chaos. There are many factorsthat restricted China’s insurance industry to achieve higher goals, such as the lowquality of the service, lack of prestige, but the disclosure of information is one of themost important ones. It is because of accounting information disclosure of theinsurance company cannot meet the needs of most investors and policyholders,leading to the less attractiveness of the market and customer loss. If you can find theproblems of information disclosure of insurance company and their causes andremedy, it may help China’s insurance industry to achieve better and fasterdevelopment. In this paper, I choose our four listed insurance company’s annualfinancial report of nearly three years as the sample, trying to find the universalproblems behind the individuals and their root causes, and then bring up someappropriate recommendations for improvement.This paper is divided into six chapters; the main contents are as follows:The first chapter is introduction. This chapter describes the research background,purpose and meaning, content and methods, and lack of innovation and research. Thesecond chapter is the relevant theoretical basis. This chapter arranges the relevanttheory of accounting information disclosure, introduces the asymmetric informationtheory, the theory of supply and demand of accounting information, the qualityrequirements and evaluation methods, especially the last one, which pave the way ofthe research on current situation of accounting information disclosure of the insuranceindustry below. The third chapter is the existing norms of accounting informationdisclosure of insurance industry. This chapter makes a detailed summarizes anddescription of the existing norms on the insurance company’s disclosure ofaccounting information that made by administration organs including the Ministry ofFinance, China Securities Regulatory Commission, the China Insurance RegulatoryCommission and other government regulators. The fourth chapter is the analysis oninsurance industry. This chapter begins from the perspective of accounting information disclosure to analyze the specificity of the insurance business, and thencombined with spiritual content of CIFAR index and the regulatory requirements ofnew "Enterprise Accounting Standards" in the disclosure of insurance corporateaccounting information, and summarizes the evaluate method for the quality ofaccounting information disclosure of our insurance business. The fifth chapteranalyzes the current situation of four A-share market listed insurance companies’accounting information disclosure quality. This chapter begins with the above methodfor China’s insurance companies of the quality of accounting information disclosureas the evaluation criteria, and makes an analysis and evaluation for four insurancecompany’s annual report from the year2010-2012in the A-share market, anddiscovers the existence of accounting information disclosure problems. And thenstudy respectively from the policy level and implementation level to explore thecauses of the above accounting information disclosure problems. The root of theinsurance company’s accounting information disclosure problems first is the relevantnorms is not perfect, second is the implementation of norms are not stringent enough.The sixth chapter is the countermeasures and suggestions to improve informationdisclosure quality for the insurance industry. These measures presented in this chapterare put forward to the aforementioned problems and reasons, that the governmentdepartments should perfect the policies and norms, and reinforce the supervision ofthe insurance company information disclosure, and the insurance companies shouldimprove their management level, that through the joint efforts to improve theaccounting information disclosure quality of insurance business, so as to realize morequickly and healthy development of insurance industry in our country.