Research On The Influence Of The Governance Structure Of Property Insurance Companies On Solvency In China

In recent years,Chinese property insurance industry has shown a rapid development trend.The insurance supervision department implements the market-oriented reform of “opening the front-end and managing the back-end”,and is committed to stimulating market vitality and providing new opportunities for the development of property insurance companies.“Let the front end” is to release the development potential of the insurance company.The insurance supervision department has promoted the insurance company to continuously improve its own operation level through a series of measures such as the reform of the insurance company's governance structure,the reform of the insurance fund utilization mechanism,and the market access and exit mechanism reform..The “management of the back-end” is to implement and improve the risk-oriented second-generation solvency supervision system,strengthen the binding effect on capital,and ensure that the front-end innovation does not deviate from the core value of insurance company management risk.Governance institutions and solvency capabilities play an important role in the management of property insurance companies in China.Based on theoretical analysis,this paper organically combines the theory of corporate governance with the theory of solvency of insurance companies.From the aspects of shareholder governance,board governance,governance of the board of supervisors,and executive scale,this paper analyzes the path of insurance company governance structure affecting solvency.On the basis of theoretical research,the data of governance factors such as the size of the board of directors of 46 property insurance companies in 2017,the size of the board of supervisors,and the proportion of shares held by the largest shareholder were collected and empirically analyzed.Through the above research,the mechanism and context of the governance structure of China's property insurance companies affecting the solvency are clarified,and useful countermeasures and suggestions for improving the solvency of property insurance companies in China are provided.In addition to the introduction,the main body is divided into four parts.The first part is the mechanism of insurance company's governance structure affecting solvency.It combines the theory of corporate governance with the theory of solvency of insurance companies.It analyzes the influence of governance structure of insurance companies from the aspects of shareholder governance,board governance,board governance,and executive scale.The path of solvency.The second part is the status quo of the governance structure and solvency of property insurance companies.Through the analysis of multiple sets of data,this paper analyzes the current solvency and governance structure of property insurance companies in China,evaluates the solvency of property insurance companies,and points out the existence of governance structure of property insurance companies in China.The problem.The third part is an empirical analysis of the impact of the governance structure of Chinese property insurance companies on solvency.It collects the data of governance factors such as the size of the board of directors of 46 property insurance companies in 2017,the size of the board of supervisors,and the proportion of shares held by the largest shareholder.Analytical method to study the impact of each factor on solvency.The fourth part is the policy suggestion.From the optimization of the shareholding structure,the establishment of a diversified and professional senior management team,the strengthening of the functional orientation of the board of supervisors,and the improvement of corporate governance information disclosure,etc.In the research process,this paper uses a variety of research methods such as normative analysis,case analysis,and multiple regression analysis.Through research,it is found that both the size of the board of directors and the scale of senior management personnel are positively correlated with the solvency adequacy ratio,but the impact of the size of the board of directors is stronger;the shareholding ratio of the largest shareholder is significantly negatively correlated with the solvency adequacy ratio;Man-made countries or having a state-owned background have a positive impact on solvency.The innovation of this paper is that the property insurance company in the insurance company is subdivided as the research object,and the path and effect of the property insurance company's governance structure on the solvency are systematically analyzed from both theoretical and empirical aspects.