Research On Insurance Supervision Of Insurance Group In China

With the continuous development of economic globalization and the insurance industry and progress,our country insurance market gradually perfect,the most insurance companies more widely the scope of business,business types are increasingly rich,from the beginning of simply conducting insurance business to now gradually involved in securities,Banks and other financial sector,the mixed management gradually to collectivization of insurance enterprises.In the insurance market,the insurance group determines the development trend of the insurance industry to a certain extent.Because of the extensive business scope involved,many risks are hidden inside.The insurance industry is also a special industry.Therefore,it is urgent to regulate the business activities of insurance groups and strengthen the effective supervision of insurance groups so as to promote the healthy and orderly development of the insurance market.Since the establishment of China’s insurance supervision and management system is not very perfect,although the establishment of a certain insurance supervision system,but relatively scattered,single,lack of specificity.This makes the insurance regulatory supervision of the insurance group,lack of effective legal basis,therefore,the insurance supervision and administration department should strengthen the regulation of insurance group,we should try to be both effective risk supervision of insurance group,and can not hit the insurance market initiative,to maintain the healthy development of the insurance market in China in the end.Insurance industry is a special industry,because insurance is the risk of most dangerous units,and insurance group business is numerous,the risk it faces is also relatively complex.Once the insurance group has problems,it will not only lead to the group in danger,but also cause social instability and affect the stability of people’s lives.Insurance enterprises operate risk,and risk has uncertainty,unpredictability of loss degree,which makes insurance enterprises in the process of operation itself has uncertainty risk plus some external factors,insurance enterprises in the process of operation has been in a high-risk state.Poor management or bankruptcy of insurance groups will not only damage the interests of insurance companies,but also seriously damage the stability of the society and the healthy development of the insurance market.Therefore,China’s insurance supervision and administration departments should strengthen the supervision of insurance groups to safeguard social interests and the stable development of the insurance market.The development of China’s insurance industry is relatively late,and the insurance market is not very mature,so the development of the supporting insurance regulatory system is not sound.Although the insurance supervision system has been relatively developed since the establishment of China’s insurance supervision system,the insurance supervision framework is not very perfect,the content of supervision is not specific,and there is the problem of weak insurance supervision.In order to further strengthen the supervision of insurance groups and improve the insurance market,China should strengthen the establishment of a mature supervision system of insurance groups.