Present Situation And Analysis Of Chinese Life Insurance Solvency Regulatory System

Life insurance of our country had maintained more than ten years fast development, the two targets of insurance depth and insurance density were growing too, but compared with the insurance business developed countries, our country's life insurance industry still belonged to the initial stage, the insurance system was imperfect, the main bodies of the insurance market were too few, and the insurance market was not mature. On December 11, 2004, the transition-period of WTO came to end, our insurance business faced with the comprehensive opening, this brought more pressure to the China Insurance Regulatory Commission to consummate the insurance regulatory system, and standard insurance market.Solvency regulatory is the core content of insurance regulatory,all the countries'methods of regulatory were close up to solvency regulatory. Because of the capital insufficient and the favorable difference damages and so on, our country's life insurance companies exist generally solvency crisis, to make our country's life insurance industry to have a stable and health development, CIRC has transfer it's manage idea from implementing strict market behavior regulatory to the anther regulatory in which solvency ability regulatory is the core content, moreover strengthening and improving solvency regulatory has become one of the CIRC's important task.This article is on the base of studies on European Union and US solvency regulatory system to the life insurance companies and profits from the Japanese life insurance industry bankruptcy to solvency regulatory with Japan to consummate the experience gradually in the foundation, analyzes the constitution and the movement condition of solvency regulatory system to the life insurance company of our country at present. CIRC has established two levels to implement solvency regulatory. First is the normal level, the second is margin of solvency regulatory, the system, the mechanism and the strength of carrying out is our country solvency regulatory's three core essential factors. The computation method of margin of solvency was learned from European Union's pattern, which is a static regulatory, the computed result is only in the point in time data, the information of these data is limited and difficult to reflect the company's regulatory ability changing tendency. Although the European Union's pattern's operation is quite simple and the regulatory cost is also quite low, but is actually one more loose regulatory way, and is not good for solving our country's life insurance companies'solvency which is insufficient; The regulatory target is not comprehensive, solvency specified amount to subdivide lowly insufficiently causes solvency regulatory request to be unable to implement, causes to reimburse ability supervising and managing system to lack operationally; In addition, the necessary regulatory system is insufficient consummation, lacks the insurance regulatory accounting system and the consummation of calculation reporting system; The regulatory strength is insufficient, the regulatory technology is backward too. In brief, at present the strength of CIRC is still weak, and the methods and tools are not enough, the regulatory level needs to enhance.In the end of this article, based on the present development situation of our country's life insurance industry and insurance business developed countries'solvency regulatory system, find a way to consummate our country's solvency regulatory. For example: Establishes dynamically solvency test system; Consummates our country's legal margin of solvency; Improve asset and debt appraisal system; Display credit rating assistance regulatory function; Establish regulatory data system and so on.