Internal Control Research For The Operation Capital Management Of Pacific Life Insurance Ningxia Branch

In August 2014,the State Council issued the Opinions on Speed up the Development of Modern Insurance Industry,namely the "National Ten" of insurance industry.This shows the central government's attention to the insurance industry.In recent years,the insurance industry of our country develops rapidly,which made important contributions to the promoting of economic and social development,safeguard people's production and livelihood.However,both from the industry status and consumers' attitude,there is a large room for the improvement of the insurance industry.With the rapid development,the insurance industry entered into the rapid developing phase,however,there emerges endless problems,such as substandard fund management,unstrictly internal control and so on.In order to strengthen the internal fund control system's construction in our country,and comprehensively improve enterprise risk prevention ability and the management level of insurance funds,each insurance company combines with its degree of funding risks,actively carry out the internal control construction of cash management in accordance with the regulations and requirements.The strict control of insurance funds and the prevention of capital risks are the main objectives of internal capital control.This paper takes the Pacific Life Insurance Ningxia Branch's internal control of working capital as the research subject.Through the qualitative analysis and quantitative analysis methods,it analyzes a variety of loopholes in management the reasons of Pacific Life Insurance Ningxia Branch in the business process of working capital management's internal control.This paper also puts forward improvement measures and reasonable suggestions to strengthen the company's internal control of working capital.The study is helpful to further reveal the problems and risks in terms of the internal control of working capital for life insurance company,it is beneficial to prevent the risks of funding activity and maintain the funds safety,thus promote the sustainable and healthy development of the company,as well as improve the company's management ability and efficiency.