Research On Operational Risk Management Of Sichuan Branch A Insurance

China Risk Oriented Solvency System is being implemented now.Its implementation promotes the insurance industry of our country to attach importance to the operational risk management.The operational risk management system of insurance company is being constantly improved.however,Chinese insurance companies are relatively at low level of the operational risk management compared with foreign insurance companies.There are still other problems,for instance,the less accumulation of loss data,outdated management methods and the lack of management talents.In recent years,the problems of the high frequency / low severity loss and low frequency / high severity loss have occurred frequently in Chinese life insurance companies.This situation has alerted the academic and insurance,companies pay more attention to the operational risk management.Still,the management of operational risk has a long way to go in life insurance companies.The A Insurance in Sichuan Province has many features,for instance,unique mode,distinct structure of customers and high pressure of transformation and development.Compared with other insurance companies,it presents the characters of weak foundation,deficient experience and poor preparation of theory which is the extremely heavy pressure of promoting the ability to manage operational risk.In recent years,the company highly values the level of deepening the “self-support+escrow” mode.Therefore,to do research on the management of operational risk in escrow business will provide theoretical guidance for improving the competence in operational risk management.It could also promote the company to develop and deepen the mode.Based on the theories of operational risk management,this study follows three research approaches which are case analysis,literature review and induction to investigate the operational risk of A Insurance's escrow business in Sichuan Province.This dissertation divides into three sections.In the first section,the author mainly discuss the overview of definition of operational risk,types of operational risk,causes of operational risk and its management process,as well as the review of theories of operational risk management.During the second section,the problems which exist in the operational risk management field of A Insurance's escrow business has been analyzed comprehensively which is based on the framework in Basel Accord starting from the management process of operational risk identification,operational risk measurement,operational risk monitoring and operational risk response.In the last section,the author offers some reasonable suggestions to the weak part in the management work according to the analysis of data from operational risk cases and induction.This study has been trying to make significance for enhancement of the level of risk management,the implementation of deepening mode,the transformation and development of the company,and efficiency of realizing growth goals,which will be a reasonable reference for the operation risk management of other banking insurance companies.