China's Insurance Industry, Lack Of Credit And Build

Isurance industry is one of three bases of modem finance industry, managing in debt is its major feature,its capital and debt scale is unsymmetrical.If lack of credit,the public will lose credit with the insurance industry,and cut off the chain of capital towards the insurance industry, and shake the base of the existence and development of insurance industry.So, building insurance industry credit , maintaining the public's credit towards insurance, ensuring insurance industry's capability of payment,is very important for preventing finance risk, maintaining the steady of finance system and ensuring the safety of our country's finance.Insurance product is a service good,it has the features with invisible,complex,chronic,and untransparent. In one sense,insurance product is a promise in the base of credit and with the guarantee of laws. In insurance management,after customers buy insurance products and give money to insurance company,insurance company doesn't use visible products in the exchange. Asymmetric information in insurance exchange decide higher demand on insurance industry compared with others,good credit is the lifeline of insurance industry.After the reform and open.our insurance industry has made great progress.but there appears many problems such as the misleading of new life insurance products selling,the deceiving of insurance and the difficulty of compensation. If these problems can not be solved,it will be not only harmful to the two aspects of trade,but also detrimental to social stability.My thesis use the theory of economy to analyse the significance of insurance credit building,introducing china's insurance credit system.studying American insurance credit system,then putting up the ways to build china's insurance credit system:building laws system;building punishment system on cheat;building credit culture;building credit collection system;building credit judgment system;building industry self-control system.