Research On The Construction Of Insurance Credit System In China

Insurance credit is one kind of behavior criterion that guarantees the fulfillment of insurance contract in accordance with business ethics during insurance activities, basing on the utmost good faith and under the guidance of laws and principles of market economy. Good insurance credit is beneficial to the consummation and development of the social credit system.Insurance supply credit, Insurance demand credit, Insurance intermediary credit, Insurance regulation credit consist of "the chain of insurance credit", which is a important component of the social credit system. The current credit situation in China insurance market isn't accommodated optimistically, as following: serious dereliction of insurance supply credit not only harms the benefit of contract litigants, but also break the order of the insurance market; dereliction of insurance demand credit influents the business of insurance companies, even the advancement of insurance industry ; Insurance intermediary credit, Insurance regulation credit will be urgently established. Therefore, it is necessary to form insurance credit system and take measures to cultivate insurance credit, to regulate the insurance transaction, to punish the behavior of dereliction of credit, in order to lead the insurance market to go in the way of credit.In the principle part of the paper, the definition of credit, the situation and reasons of social credit in China are expounded simply. Then analysis is made on the status of insurance credit and the factors affecting it .Thus the feasibility of the above mentioned insurance system are demonstrated and its concrete measures are conceived.The purpose of the paper is to put up with a framework of insurance credit inChina, aiming all at taking efforts to improve the management of insurance companies, to enhance the credit level of the insurance industry, to cultivate insurance credit culture, so that extend existence room of business and promote sustainable development of industry and finally provide solid foundation for finance stability and economy order of the whole society.