Research On China’s Commercial Insurance Supervision By CBIRC Merger

In contemporary economic life,as one of the "three pillars" of the financial industry,the insurance industry plays an increasingly important role.The essence of insurance is to spread risks.People always hope to avoid risks and seek stability and security.Insurance,based on the "law of large numbers," distributes social risks among a large population or over the life cycle of individuals.Commercial insurance,as a relatively new economic term,provides not only products and services,but also a system arrangement that is conducive to social security and stability.It permeates various industries in economic life,various fields in social life,and all aspects of daily life.In a sense,it has improved the level of social welfare.With the rapid development of China’s economy and the integration of the global insurance industry,commercial insurance in China is playing an increasingly important role in economic development.However,various problems in commercial insurance regulation have also been exposed,such as regulatory vacuum,regulatory detachment,weak regulatory enforcement,large differences in regulatory standards,and overlapping regulatory functions.Therefore,China’s commercial insurance regulatory model urgently needs to enter a high-quality track.This article takes Beijing as an example and it is divided into five chapters.Chapter one is the introduction,which mainly explains the research background and significance of the measures taken by the China Banking and Insurance Regulatory Commission after the merger in commercial insurance regulation,research on current policies and measures in domestic and foreign commercial insurance regulatory fields,and the research content,methods,innovation points,and technical route of this article.Chapter two is about relevant concepts and theoretical foundations,which interprets the specific meanings of commercial insurance and its regulatory departments such as the China Banking Regulatory Commission,the China Insurance Regulatory Commission,and the China Banking and Insurance Regulatory Commission.It also studies the relevant theoretical knowledge involved in this topic,discusses the concepts of information asymmetry theory,government intervention theory,etc.,and brings the concepts back to the issue of commercial regulation.Chapter three reviews the history of insurance regulation in China and describes the situation of the Beijing regulatory bureau,as well as introducing the basic situation of the empirical investigation of commercial insurance regulation conducted by the author.Chapter four is about regulatory measures before and after the China Banking and Insurance Regulatory Commission merger.Through in-depth exploration of the existing problems in commercial insurance regulation in Beijing through questionnaire survey data and analysis of the reasons for their occurrence.Chapter five proposes solutions from the perspectives of improving laws and regulations,strengthening the construction of regulatory talents,innovating regulatory methods and approaches,and improving social public supervision and industry coordination,in order to find new ideas for improving the China Banking and Insurance Regulatory Commission’s supervision.