Study On The Management Of Qianhai Life Insurance Solvency

As a debt-operated enterprise,if an insurance company has problems with solvency,it will not only affect the normal operation of the company,but also have a very bad impact on social stability and the healthy development of the insurance industry.In 2016,the second-generation solvency management system(hereinafter referred to as “second-generation”)was fully implemented in China,which improved the scientificity of risk measurement in China's insurance industry and the effectiveness of risk management.At present,China's insurance companies have basically established a solvency risk management system,but the operational effect is not satisfactory,and the solvency risk management level of insurance companies needs to be further improved.In 2016,Qianhai Life Insurance Co.,Ltd.(hereinafter referred to as “Qianhai Life Insurance”)was suspended from the general insurance business due to the incomplete rectification of the universal insurance business.The second year ago,Hai Life Insurance was punished for providing false materials and illegal use of insurance funds.At the time,Chairman Yao Zhenhua was disqualified and was banned from the insurance industry for 10 years.In combination with the business data of Qianhai Life Insurance before and after the regulatory penalty,from the perspective of solvency management,the reasons for its surrender risk,liquidity risk,increased risk of capital application and the inability of the solvency risk management system mainly include the following Aspects: First of all,the structure of insurance is single,and the proportion of universal insurance premiums is too high,which leads to higher surrender risks and liquidity risks.Secondly,there is a certain risk of using funds in the maturity of assets and liabilities;again,corporate governance is effective.Insufficient sexuality,there are situations in which individuals are above the system,and the solvency risk management system cannot function.Finally,the imperfect insurance supervision and management system,such as the lack of professional talents and the lack of departmental coordination mechanisms,will affect insurance companies.Solvency management.By drawing on the advanced experience at home and abroad,combined with the actual operation of Qianhai Life Insurance,the following suggestions are proposed on how to improve the risk management level of Qianhai Life Insurance's solvency: First,promote product and service innovation,return to the source of insurance,and use technology to achieve the growth of premium scale;Second,improve the liquidity risk management level by improving the liquidity risk management system.Third,improve the risk management level of funds by strengthening the professional management of capital utilization.Fourth,optimize the company's risk by improving the effectiveness of corporate governance.Management basis and environment;Fifth,strengthen insurance supervision;sixth,strengthen talent introduction and training.