Study On Internal Control And Risk Management Of Insurance Company

The insurance industry is full of special risk, operational risk. Along with the development of theinsurance industry, the deep-seated problems and structural contradictions in China’s insurance sector isalso constantly exposed in the process of international development. Higher risk in the course of business,social, and long-term characteristics have become increasingly prominent, this makes insurance riskmanagement become so important to the survival and development of the insurance industry.In order to adapt to the development of the world economy, to keep pace with the internationalstandards, and to improve the ability of enterprises to cope with risk, In2007and2010, the ChinaInsurance Regulatory Commission, promulgated "The Insurance Company Risk Management Guidelines(Provisional)"and” The Insurance Company Internal Control Basic Norms", which indicates internalcontrol and risk management of China’s insurance industry were separately constructed, while the two areessentially the same, resulting in overlapping functions and wasting corporate resources. In this paper, theinternal control of insurance companies in China should be establish the internal control system centre ofrisk management, so as to better guide our insurance company’s internal control practice.This paper is divided into four parts, First of all，this paper starts from normative research totheoretically overview the basic problems of this paper, including the background and significance, thereview of theoretical documents, and the possible innovations.Followed by the description of the internal control and risk management theory, this paper putsforward its points: China’s insurance company’s internal control theory achieve the integration of theinternal control and risk management, to establish the internal control system centre of risk management, so as to better guide our insurance company’s internal control practice.And then this paper expounds the present situation of risk management and internal control ofinsurance companies in China, including the development of internal control, the main risk types ofinsurance companies, then based on the risk management of the insurance company’s internal control buildelaborate some of the ideas, mainly includes the construction principle, foundation and the constructioncontent.Finally, this paper puts forward its main conclusions and limitations according to the earlierstatements.