Study On The Problems And Countermeasures Of Internal Audit Implementation Of Z Life-insurance Company

With the reform and opening-up,the insurance industry in China has been developing rapidly,and the service sector has been widening.It is of great significance to smoothing the progress of the economic and social development and the long-term stability of the people's production and life.But on the whole,the insurance industry in China is still in the primary stage of development,and can not meet the needs of deepening reform and the development of social economic.There is a large gap between the requirements of modern insurance services and the current situation.Insurance companies are paying attention to scale up rather than internal risk management in the early stage.Just as the Z Life-insurance Company,which is in this period.The Z Life-insurance Company is younger than the established insurance companies such as Ping An Insurance Company,Life Insurance Company and so on,and is hailed as a “dark horse” in the insurance industry.The asset growth of the young insurance company once ranked second in the insurance business.In the aspect of product sales,it is a high-profile "horse race enclosure",and it mainly focuses on universal life insurance to expand the premium scale.But non conventional means of expansion and the blind pursuit of speed of development has become a stumbling block in the company now forward.During the development of Z Life-insurance Company,there are many problems such as too large sales volume,excessive expansion of branches,and non corresponding internal risk management.If these problems are not paid attention to and properly solved,they will affect the sustained and healthy development of Z life-insurance company.As an important part of internal risk management and internal oversight function,internal audit function should play its proper risk prevention role through effective work.Now the basic structure of corporate risk management is made up of three lines of defense.The three line of defense refers to the business department,risk management department and internal audit institution.Actually,in the real work,the real risk prevention effect of the first two defense lines is very small,and the third defense line that really prevents enterprise risk is the company's internal audit which focuses on this article.In this case,it is particularly important for the internal audit institutions to help them to prevent and dissolve the risks.However,the internal audit agency of Z life-insurance company is not perfect,there are some problems,such as: obsolete audit idea,can not adapt to the internal audit requirements of new era;the independence of internal audit is not strong,thelow efficiency of audit agency;internal audit team strength is weak,the overall quality is not high,the knowledge structure is not comprehensive;and management layer pay less attention to the internal audit.First of all,this paper stands in the life insurance company's internal audit point of view by using case analysis method,summing up the internal audit related theory,and combined with the research at home and abroad for the internal audit's role in corporate governance literature on internal audit,I have been analyzed and summarized a brief review of the internal audit.Secondly,this paper expounds definition and theoretical basis of internal audit,and in-depth analysis internal audit of Z life-insurance company.What's more,thinking of identify problems,analyzing problems and solving the problems.Finally,on the basis of above,this paper put forward a series of countermeasures and suggestions to improve the internal audit,and hope to provide some help to improve the internal audit system of the company's work efficiency and carry out the internal audit work more effective.In addition,this paper can also serve as a reference for the construction of the internal audit system and the specific work of the other developing life-insurance company.