Life Insurance Company Claims Risk Management Research

In recent years,Reform and Innovation have taken more and more important role in Financial Industry.As significant part of Financial,Insurance is getting more and more spectacular growth in the period,especially National Ten issued by Country,greatly encourage the development of whole industry as pilot engines.In the meanwhile,since economic developing and people life requirement going on higher level,more and more people have focus on risk defend,which make commercial insurance become protagonist from original supporting role.Now Life-Insurance market have been step into flourishing period.The risk burdened by Life-Insurance company is also become bigger and bigger when the amount insured getting bigger.One of the key factors in Insurance company daily business,is to effectively control the risk,obviously Settlement of claim is one of main control targets.In the process of insurance production different period of time,Research and Development,Underwriting,Selling,Claim settlement,all the risk could be reflected in the claim cases.So Claim settlement is very important in Insurance company risk management as one of main control target,which Insurance always dig deep into the business logic on this topic.Life-insurance W company is build up on 2010,its premium insurance grow year by year,but lack of professional management has been shown out.As reflection from Claim cases,risk management is not implemented very well in this company.The technology used in risk management is getting older compared to open market.Even the process to control the risk is not fully built up,which cannot protect risk.If it is continue to be operated without effective risk management,the company's competency will be not enough to make a long perspective development in the insurance industry.The essay focuses on the running of Life Insurance Company W,with the methods of combination of quantitative analysis and of qualitative analysis to build an analytical system in a comprehensive way involved with documentations,cited statistics and case analysis.By those we mentioned before,we can not only indicate the potential risks in the process of assuring,selling and settling claims,but also give certain advices to sharpen vigilance of high-risks,to perfect structure of risks-management and to improve the management of personnel.In this way,we can also point out some alerts to risks-management in provincial or regional branches andshow experience to do them a favour when these companies,with help of economic development,swing into “blue sea”.