The Research Of Supervison Of Life Insurance Company In China

With improvement of chinese economic reforms and opening-up process as well as market environment,china's property insurance market has obtained a great achievement.In 2014,the overall income from insurance premiums exceeds the target price of 20000000 yuan,a doubled price compared to it is in 2009.And this helps finish Five-year plan-insurance part in advance.This is also a sign of constantly improved insurance market and the potential difficulties and risk the market may have,such as insurance solvency,especially in life insurance area.The main reason is coming from the competition among insurance companies,And finally becomes a threaten to the issuance industry and society.So we need to come up with a comparatively resonable and perfect solvency supervisory system for china and thus it will help insurance industry keep pace with our time.By combining theory and practice,quantitative and qualitative analysis,and applying comparative research approach, the essay studies regulatory controls over solvency of Chinese life insurance companies from the following five aspects.The first section Introduction describes the research background, foreign and domestic research current development,approaches and contents,as well as the essay's innovative idea and further research directions.The second section describes the basic concepts related to solvency and its economic connotation,solvency margin and influencing factors,and provides an overview of the necessity and levels of solvency regulatory controls,the structuring of solvency regulatory control system,and risks of insolvency faced by insurance companies.The third section introduces two relatively mature and typical regulatory control systems for life insurance insolvency,the British type and the Amercian type,such as IRIS,FAST and RBC.It describes the concepts and performance index systems for the two types,and explores experiences that China could refer to based on domestic conditions.The fourth section is the core and innovative point of the paper.By comparing the domestic and international solvency regulatory models,it identifies the lacks and shorycomings of our current regulatory system,and advises according to the model results.The paper focuses on factor analysis to compare solvency levels of life insurance companies by selecting a sample of seven representative companies' financial indicators and performing empirical studies.