The Research On How To Improve The Legal Supervision System Of Bancassurance In China

Bancassurance generated in the big background of economic globalization and financial liberalization. French's Credit Lyonnais bank acquired the health insurance company who specialized in health insurance, began conducting insurance business is regarded as the beginning of bancassurance in 1971. Subsequently, bancassurance began to develop rapidly in the global range. Our bancassurance officially began in 1996, but was subject to strict Separated Operation System at that time, our initial bancassurance model is limited to protocol proxy mode. With our country's gradual deregulation of separate operation in the legislation, the form of strategic alliance, the form of capital cooperation, financial holding company form mode of bancassurance have emerged in practice. Bancassurance as a relatively new financial innovation model, which on the one hand can give commercial banks generate substantial fee income, bring economies of scale to the insurance company, on the other hand also contains a huge financial risk, and therefore require financial regulators to carry on the necessary legal supervision. At present, international organizations and relevant countries has taken a series of effective legal regulatory measures of bancassurance, for the legal regulation of bancassurance in our country provides the beneficial reference. Our country has also introduced a number of normative documents to regulate Bancassurance, but there are still some problems. First of all, on the basic regulatory system: regulatory regime under sub-sector regulatory gaps and regulatory overlap coexist, normative documents effective level is low, lack of supportive policies and regulations. Secondly on the specific regulation of various patterns: most of the existing normative documents in our country just for protocol proxy pattern, for strategic alliance mode, capital cooperation mode and the financial holding company model seldom involved. Therefore, to perfect the legal supervision of our bancassurance cooperation, not only from the regulatory system, but also to accelerate the establishment and improvement of our country's existing legal and regulatory regime of bancassurance model, which will be included in the bancassurance into our legal supervision system.