Risk Control Of Credit And Guarantee Insurance In Consumer Finance Field

As the government’s encouragement of consumption,consumer finance in recent years has also got rapid development,the major insurance companies in China have begun to pay attention to this piece of blue ocean,have set up credit guarantee insurance department trying to enter the consumer finance business development,but the insurance company how to control the risk of credit guarantee insurance business,no industry unified and effective practice,which has not been the concern of scholars.This paper studies China’s property insurance company in the area of consumer finance,who consume the development of credit guarantee risk control mechanism of insurance,get Z insurance company in the domestic consumer finance channel cooperation case,deeply analyze China’s property insurance companies in the consumer finance industry’s business model and the specific risk control measures,pointed out that the insurance companies in the insurance before,Paul,Paul after each link must be strictly control the risk,First of all,the former risk control,strict access to channels of cooperation,from the research cooperation channel party qualification,to establish access system,strictly select the underlying assets,ensure that the underlying quality,design reasonable compliance transaction structure to carry out the control before the risk;in terms of the implementation of security,to strictly enforce strict operating procedures,control operational risk management;in insurance,to ensure timely tracking,partners of capital flows,real time supervision,strict control of credit and collateral and related warrants,regularly check,pay attention to risk management partners.Finally,this paper puts forward China’s property insurance companies,they should carry out credit guarantee in consumer finance control measures risk insurance business,the first method is constructing large data risk control system to strengthen risk control;secondly,they should appropriate fault tolerance,the former in the background to strengthen risk control;thirdly they must strengthen risk control through cooperation with all parties involved in the various types of insurance,and the four method is to control the risk;strengthen cooperation through equity and consumption of financial institutions;the fifth method is to focus on compliance risk,strict implementation of the CIRC for credit guarantee insurance regulatory requirements.