Study On The Risk Management Of Assisted Loan Insurance Products Of P Insurance Company

China’s reform and opening up has propelled it to become the second largest economic power on the planet;its social and economic development,The remarkable rise in living standards and purchasing power of its people has spurred the market demand for financial services to skyrocket,and more and more,a forward-looking financial service mode is emerging at this momentous juncture.Many individuals and small entrepreneurs still confront the difficulty of obtaining a loan,despite the fact that traditional financial institutions take into account collateral and guarantees when granting them.A more sophisticated strategy than the traditional collateral and guarantees is to substitute personal credit guarantee insurance.This will make it easier for those applicants who do not meet the basic requirements of financial institutions to obtain loans,as they can now cultivate a positive reputation and secure credit guarantees for customers who are unable to meet them.By doing so,they can gain the trust of financial institutions and secure loans.However,due to most of the people to buy credit guarantee insurance customer credibility level is low,and their timely reimbursement consciousness is poor,even lack of timely repayment ability,makes the business risk greatly enhanced,lead to rising loss rates,this seriously affected the business,thus to pratt & whitney financial sustainability and stability brings great challenges.In view of the current changing market environment,Insurers must take decisive steps to minimize losses and fortify risk management.Furthermore,they should take decisive steps to enhance the efficacy of credit guarantee insurance.,this paper will to P insurance company credit guarantee insurance(i.e.Analysis of credit insurance products(also known as credit insurance business),combined with theoretical research and practical experience,and small unsecured credit risk management,as well as small loan companies and banks,can be greatly aided,using comparative analysis and other advanced technology,we can more accurately find p insurance company to borrow insurance risk management loopholes,by offering sound advice,the credit insurance business of a p insurance company can be improved in terms of efficiency.To guarantee safety,compliance,sustainable development,and to enhance risk management,we shall take decisive steps to bolster supervision in this area.Four potential predicaments of a P insurance company exist presently: first,the underwriting review is lax;second,the marketing process is not regulated rigorously;third,the product is not revolutionary and there is a danger of infringement;fourth,it is hard to manage the credit risk of customers.To tackle these difficulties,the P insurer should refine the audit process,streamline it,and leverage state-of-the-art technology to improve approval quality and risk identification accuracy.It is imperative that we bolster internal control to enhance the abilities of personnel,augment product production and invention,as well as widen the marketing pathways,concurrently.as well as strictly enforcing regulatory requirements,should be a priority.It is expected that through the above measures,ensuring the growth of P insurance companies,as well as enhancing their risk management proficiency to realize their long-term prospects,is a capability that this can provide.