Centralized Management Of The Life Insurance Company’s Financial Optimization

With the rapid development of economic and reform and opening up, China’s insurance industry has been considerable development, development of the insurance company’s group already has a considerable scale. However, financial management and organizational structure of traditional distributed have difficult to meet the development requirements of the group of companies. Many companies have implemented the Group’s financial centralized management model, to establish a new model of financial management and accounting, and the new mode played a more and more important role in the company’s operation.Trend of reform of life insurance company and the competitive environment required financial management of Chinalife Insurance Company more scientific and efficient. In this paper, From how to make Insurance Group to strengthen financial management and control perspective, the two aspects analysis of the current mode of management and current situation of the centralized financial were discussed the comparison of centralized financial management mode and the current problems in the implementation of centralized financial management in Jiangxi Branch of Chinalife Insurance Company, so as to find a better way to the development pattern of this company, and propose measures and suggestions to the current problems of centralized management.In this paper, firstly the significance and basic principle of centralized financial management of insurance group company have pointed out. Based on the understanding of Jiangxi Branch of Chinalife Insurance Company, the principles and objectives of the centralized financial management of the company have been determined; Secondly an empirical study on the mode of operation of the centralized financial management after the Jiangxi company followed by multiple analysis of financial centralized management mode theory and compared from different angles. Finally based on the previous studies, Jiangxi China Life Insurance Company need to raise the suggested solutions to resolve implementation problems at this stage, and make new models optimized design shift from the original model to another. There have been a variety of Insurance Group’s centralized financial management mode, the selection of company are flexible to achieve efficient centralized financial management.