Research On The Development Of China Insurance Intermediary Market

Insurance intermediary is the inevitable child of the development and an important component of insurance market.The emergence and development of insurance intermediary is integrated with the continuous growth and improvement of the insurance market.Since entering the new century,especially since the entry into the WTO,with the prosperity of China's economy,and the continuous improvement of the insurance market,China's insurance intermediary market has also made considerable progress.However,in the developed countries in insurance industry,insurance intermediary business volume reached a high proportion of the entire insurance market,but in China,professional intermediaries completed less than 10%of the insurance business.Although China's insurance intermediary industry started late,the development is slow and immature,but there is the broad prospects for development,and a great room for improvement.At this stage,the insurance industry has a good prospect,and how to effectively promote the development of the insurance intermediary industry is worth pondering.The paper begins with the analysis of the general theory of insurance intermediaries,explaining the concept and classification of insurance intermediary,and the process of its emergence and development.And it analyzes the current situation of the development of China's insurance intermediary market from the aspects of scale,structure,supervision and self-discipline.And it discusses introduces the insurance intermediary market in China facing the three major problems.The one is the development of imbalance;the two is the low level of specialization;the three is violation phenomenon prevalent.Then it introduces the history of the development of the insurance intermediary market in Britain,the United States and Japan,and summarizes the four common points of their development.First,the insurance intermediary is the main channel of insurance sales;Second,insurance intermediary employees with high quality;Third,the insurance intermediary has the perfect legal system;Fourth,the insurance intermediary industry self-discipline mechanism is mature.And analyzes their successful development has brought the experience for China's intermediary market.At last it puts forward the countermeasures to improve the development of China's insurance intermediary market from five aspects.The first,as soon as possible to optimize the structure of the insurance intermediary market--Encourage and guide the large-scale development of specialized intermediary institutions;Continue to guide the professional development of facultative intermediary institutions;Optimize the regional distribution of insurance intermediaries.The second,improve the specialized level of insurance intermediaries constantly--Pay attention to training professional talents;Adjust the business structure actively;Efforts to enhance the ability of business innovation.The third,establish deep level of cooperation with the insurance company--Clear the market positioning of insurance intermediaries;Strengthen diversified cooperation with insurance companies.The fourth,establish and improve the supervision mechanism of insurance intermediary market--strengthen insurance intermediary market access regulation;Improve the credit system of insurance intermediary market;Improve the legal system of insurance intermediary industry.The fifth,Strengthen self-discipline behavior of the intermediary industry--Broaden self-discipline organization;Strengthen the professional ethics of employees.