Research On Internal Supervision System For Hunan Branch Of Taiping Life Insurance Co.,Ltd

As a series of internal control cases exposed in the entity such as Britishbarings bank, enron and worldcom, more and more enterprises realize that thelack of internal control will bring great disaster and losses, cause theenterprise reflection to the internal control system. as one of the elements ofthe internal control system, Internal supervision is the guarantee of theefficient operation of internal control. The occurrence of these cases showsthat many companies did not make full use of the monitor elements to promotethe effective operation of internal control, which greatly promoted theenterprise further attention to supervision and internal control system problem.The insurance industry is a high-risk and high-speed expansion industry,whether internal control supervision system operate, is particularly important.Therefore, to strengthen the study of the supervision system of insuranceenterprise is of great significance.This article selects taiping life insurance hunan branch as the researchobject, through the analysis of the current problems existing in the internalsupervision and causes, and based on the theory of knowledge, and advancedpractice from the domestic benchmarking enterprise, put forward the schemeof the supervision system.At present, for the supervision of the internal control elements, ourcountry has not yet issued a special application guidelines, theoretical aspectsof supervision and elements of the special research is very few, lack ofcomprehensive and systematic. In the case of limited data, this paper firstanalyzes the basic concepts of supervision factors, reviews the developmentprocess, combed the numerous experts about supervision elements theory pointof view, to make the theory foreshadowing for concrete practice work. Alsointroduced the internal control supervision system of the benchmarkingenterprises of hunan branch of China life, as a good model of the taiping lifehunan branch.Then, combined the the best practice of the benchmarking enterprise withthe condition of taiping life hunan branch, put forward the internalsupervision system to establish the objectives and principles, and form a sound system from four aspects including the organization structure,information platform, supervision mode and completing sysytem, in order toreach sustained and effective supervision. Finally, the implementation of thesupervision system of relevant supporting measures are put forward, andassessed the effect of solution.The the research results of this paper is important not only to taiping lifehunan branch to strengthen and perfect the supervision system, but also haspractical application value to other domestic insurance companies.