The Defects And Improvement Research On W Life Insurance Company Internal Control System

With the combination of insurance market,capital market and money market more and more closely, the insurance industry business risk presents sharply potential, long-term and complexity. So,the insurance company should earnestly study out the measures to control risk,deal with internal risk and external risk actively. To insurance company,internal control is in a fundamental position.The primary task of insurance company to improve risk control ability is to perfect the internal control system.As an important part of the insurance industry,life insurance has its own particularity compared with other kinds of insurance.set issued. "The insurance company internal control basic norms" which was set by the China insurance regulatory commission on August 10 th, 2010, does not put forward the special internal control standards for life insurance companies.So,life insurance companies lack of the internal control system linked closely with its business.This paper applies the method of case study for the W life insurance company internal control system,finds the major defects existing in the internal control of life insurance company currently, like commercial bribery "hidden rules",lax management of field personnel, invalid review of insured link, bad publicity of development of business, no report of violations to management and so on,and analyses the reasons of its defects which included five aspects in internal control.According to the internal control defects and the reasons existing in the case of status,this paper puts forward corresponding suggestions to perfect the internal control system,such as strengthen the construction of corporate culture, perfect organization, perfect the allocation of responsibilities; identify control risk,establish the early warning system of risk, perfect the supervision mechanism of internal risk; standardize business members of the exhibition industry behavior further, strengthen the control of business process risk, strengthen the premium supervision; establish the information disclosure mechanism, set up the bottom-up information convey system, perfect the information feedback system;set up the supervision departments permanently, establish the independent evaluation group.So that the insurance industry would serve the economic market of our country better.