The Internal Control Research Of S Life Insurance Company

Within its open policy, China’s insurance industry is fully to carry out thescientific development concept, in business and assets field grown rapidly, and theconstantly improve efficiency, society influence gradually expand, it providespowerful insurance guarantee for the economic and social development. As the lifeinsurance company specialized in personal risk, its business characteristics of itsdecision in the business activities of the risk is higher than other industries,strengthen internal control has attracted more and more theoretical and practicalconcerns.At present our country’s life insurance industry is still in the primary stage ofdevelopment, it has not been formed its internal control system to adapt to marketeconomy system. In recent years, our life insurance companies did lots of explorationin strengthening the construction field of internal control. After China life insuranceCo., LTD overseas listing, to accept the international capital market constraints, is theestablishment of a sound scientific and effective of internal control mechanism,internal control effect to begin to show. But there are many problems, the lifeinsurance companies management loopholes is more, risk prevention measures arenot in place, the lack of effective supervision for branches, management systeminnovation ability inadequacy, it is difficult to adapt to the needs of the fast-growingscale of business other and all these issues, influence and restrict the development oflife insurance industry. However, the perfect internal control can’t accomplish at onestroke, life insurance companies need to improve internal control in the insurance riskprevention and even to maintain awareness of the importance of security of the entirefinancial system, continuously study and practice in the organizational structure,management, risk control, internal supervision and other aspects, to establish the proper and effective internal control system.This paper uses the theoretical explanations and case analysis methods combinedwith the theory of internal control, generation and development as a breakthrough, forthe S life insurance’s internal control situation and its main problem facing and thedescription of the cases, find out the internal control system the weak links, on thebasis of learning from international advanced experience, put forward to the mainideas and suggestions of the perfect S life insurance’s internal control system, so as tobetter guide China’s life insurance companies’ s internal control practices. This fullarticle is divided into five parts:The first chapter Introduction, this article mainly introduces the researchbackground, it definitely study the value and significance of the issue, the basicframework and methodology of the research.The second chapter literature review, separately form the basic theory ofinternal control, internal control research of insurance companies and internal controlstudy life insurance companies conducted in three aspects.The third chapter, for S life internal control present situation and existingproblem carries on the thorough analysis, mainly from the internal control fiveaspects of analysis of S life of internal control problems and weak links.The fourth chapter, to perfect basis countermeasures of the S life insurance’sinternal control, for S life current existing problems in the internal control aspect,thereby pertinently put forward optimization suggestion.The fifth chapter is the conclusion, systematic reviews and summarizes theresearch results of this thesis, and put forward the limitation of this.This study helps S life will focus from price competition, expand the scale oftransfer to improve the quality of service, pay attention to grow up the effectiveness,and gradually establish and perfect the internal control system of enterprisemanagement, so that companies in the business management on the formation of themechanism that restricts each other, realize the management decision system,scientific and transparent. Hope that through this study, to explore a suitable for China’s life insurance company internal control of science system, and to otherinsurance company internal control system construction to reference and.