Study On Structuring The Credit System Of Chinese Insurance Industry

Integrity is the foundation of all market transactions, in the modern society that focus in marketization, integrity is increasingly being concerned, and it is closely related to each person’s daily life. In the modern society, one of the main ways to solve the problems of integrity is to establish the credit system in order to eliminate the information asymmetry. With the development of commodity economy, the credit system gradually becomes one of the important tools in people’s social life. However, the Chinese insurance industry without the necessary credit system, but characterized by operation risk and sales commitment risk. With the continuously increasing in industry practitioners and industry scale, integrity is the important factor which restricted the insurance industry to a long-term, healthy and sustainable development. Integrity seriously affected the social image of the entire industry, hampered the entire industry the transition to the development of the fine. In recent years, the voice of solve the integrity problem and build a necessary credit system has increasing inside and outside the industry. Especially in the party’s eighteen sessions of fourth plenary session, after constructing a credit system is listed in the legal system of the founding of the PRC as a very important part, the credibility of the insurance industry has once again aroused the concern of all walks of life. To establish and regulate the insurance industry credit system is already brook no delay. Based on the above background, this paper is standing from the theory and practice of combining point of view, studies and discusses how to establish Chinese insurance industry credit system.It is a complicated engineering work to build an industrial credit system. The oversea and inland successful experience provides a lot of useful reference to the insurance industry. Through the research and analysis of these experience and the existing problems, we fund that although the credit system various by its object of service, the country’s political, legal and social background, there are specific rules to follow. Firstly, a perfect legal system environment is the precondition of constructing a credit system. Secondly, the foundation of existence and to the provider and the user database depends on the perfect information. Thirdly, the credit system should be strictly within the framework of the supervision. Fourthly, the credit information should be highly standardized. Based on these conclusions above, combined with the facts in the insurance industry, this paper is provided a detailed plan for constructing credit system the domestic insurance industry, i.e. integrated industry membership development model, emphasizing the combination of public institutions and market mechanism, paying equal attention to the industry organization, personnel information and customer information. Furthermore, for the construction of the most basic industry credit information database, it gives a relevant solution the preliminary practice under the premise of the market. Finally, from the prudent point of view, analyzed and provide initial solution to constructing credit system may be faced.