Study On Government Regulation In Market-oriented Reforms Of Vehicle Insurance In China

Insurance has a social "stability" and "booster" role in the national economy; countries in the world are much focused development of the insurance industry. For a long time, auto insurance in the property insurance industry has been occupying a pivotal position. At present,70% -80% of the total amount of property insurance is auto insurance in China. As people’s living standards continue to improve, more and more consumers to buy the car, auto insurance coverage was more widely, risk protection capabilities was also continue to improve, auto insurance play an important role in the maintenance of road safety. But at the same time, Because of the auto insurance market itself flawed, hot social issues had arisen, such as vicious competition, "Low pay for high insurance", "No liability is not paid "and so on. The gap between the needs of economic and social development and insurance services is growing. To solve these problems, need to implement government intervention.This paper mainly for the study of public management, economics combined for analysis; during the CIRC ready to promote a new round of auto insurance market reform, hope to use what I have learned, from the perspective of public administration to how to better play the role of government regulation proposed suggestions. In this paper, the use of literature research, comparative studies and other methods to study. The article is divided into five parts. The first part is an introduction, mainly describes the background, research significance, research ideas, methods, and domestic and international overview on auto insurance regulation. The second part of the article reviews the theoretical basis of regulation, by analyzing the economics motivation to regulate the auto insurance, explain the necessity and importance of supervision. Then comb the history and current development of insurance supervision, the market-oriented reforms put forward new requirements for supervision. The third part of the article is basis of the study on status quo of auto insurance regulation, analysis of several problems in the government regulation of auto insurance in market-oriented reforms. Including regulatory legal system is imperfect; less regulatory body, industry associations and public oversight bodies play a limited role; perfect for solvency regulation; Information disclosure system is imperfect and Inadequate measures to deal with mixed operation in the financial sector. The fourth part of the article by analyzing the regulatory system, methods and practices in British, American and Japanese, summed up the Experience and Inspiration what China needs to learn. The last part of the article is to propose feasible suggestions for improving our regulatory system. Including improving the regulatory legal system; Improve the legislative level; improving the regulatory authorities of auto insurance; by improving the actuarial system, learn from foreign dynamic solvency regulatory approach, improve the regulatory level to solvency of insurance companies. By strengthen the protection of consumers; perfect the antifraud system, establishment the anti-fraud information sharing platform to improve the regulation. By promote the information technology, improving the information disclosure system to improve the level of auto insurance information disclosure. By strengthening cooperation with the CBRC, CSRC to jointly deal with mixed trend.