A Study On Financial Strength Of Insurance Companies Based On Fitch Rating System

Integrity is the foundation for the development of the insurance market regulation and the insurance company to enhance competitiveness and the primary factor of market credibility,but because policy-holder and insurance company objectively exists information asymmetry between,make policy-holder is easy produce distrust of insurance company,insurance company's credit crisis,not conducive to the overall development of the company.Insurance company's credit rating is the rating agencies to the company's financial strength and solvency activities,a comprehensive evaluation using financial indicators and according to the industry development and its level on insurance company's financial situation to give evaluation,gives corresponding credit rating.This is a professional strong credit analysis,can accurately give policy-holder the operations of insurance companies,further strengthen the applicant for insurance company's trust,promote the healthy development of insurance industry.Credit rating is an important part of the supervision of insurance companies in the world,and plays an important role in practical application.The application of credit rating in the global market has also attracted the attention of our government.In August 2014,the "new country 10,will comprehensively promote the credit system of the insurance industry.Insurance credit information infrastructure construction,strengthen the expansion of credit information,credit information sharing structure,insurance institutions of credit evaluation system and the reliability of the relief mechanism,this is the perfect framework for the construction of credit system of our country's insurance industry.PA insurance company,for example,the meaning and function of the credit rating are introduced,from credit theory,theory of information asymmetry and credit rating method of insurance credit rating has made the outline,and the credit of the PA insurance company development present situation and existing problems of summary analysis,and second,the three major insurance rating agencies abroad to adopt the index and methods were analyzed,and based on the characteristics of fitch ratings system,the PA insurance company,financial strength analysis of the PA insurance company.In accordance with the principle of timeliness,prospective,scientific,and by adopting the combination of quantitative and qualitative methods,from the PA insurance company's profitability,solvency and capital adequacy situation was analyzed,and calculated the PA insurance company credit rating level.Put forward relevant Suggestions on the credit rating system of PA insurance company and improve the company's credit level.