Study On Optimization Of The Operational Risk Management Scheme For Z Life Insurance Company S Branch

Economy in China has experienced rapid development for30years,during this period, insurance industry has also been rapid development and enhanced to o much.for instance, except the revision and improvement of relevant legal syst em and regulatory increasingly more stringent, there are some irregularities whic h lead to the insurance companies lose much, so insurance companies have to ta ke some positive step to keep these behaviors under the premise of stable develo pment condition.From loss events that occurred in recent years, the operational r isk has become one of the major risks faced by insurance companies. It is very i mportant for insurance industries to enhance the company’s risk management lev el, improve the company’s operating performance to make effective operational r isk management and control measures.In this paper, used Z life insurance corporate S branch as a case study, we a nalyzed operational risk management and control problems in the company, lear n from the advanced risk management theory and good practice in developed co untries and propose some advices to improve its operational risk control strategi es and safeguards system.Firstly, this paper introduces the previous literatures an d the basic theory of operational risk management; it consists of literature review, finance risk and operational risk, the characteristics and classification of operat ion risk, the development of operation risk. Secondly, this paper analyses the ris k management of Z-life insurance company S provincial branch, in particular op erate risk status quo and management measures, points out flaws, combined wit h the actual situation and analyzed the reasons of the defect; thirdly, combining c omprehensive risk Management Integration Framework and the "Basel Ⅱ" risk c ontrol measures, drawing on the latest research results of operational risk manag ement,this paper gives some suggestion to build the corresponding risk control s ystem and proposes specific operational risk management approaches. Finally, c onclusion, this section concludes and points out the direction of future research i n this paper.The conclusion of this paper may useful to Z-life insurance company S pro vincial branch and may have a certain reference value for other domestic insuran ce companies.