Research On The International Risk Of Chinese Insurance Companies

With the accelerating pace of China's “going global” and the rapid development of China's real economy,especially the continuous evolution of the One Belt One Road strategy,the internationalization of China's insurance companies has become an inevitable trend for the development of insurance companies in the future.In recent years,China's insurance companies have embarked on the development of insurance internationalization,but some of these insurance companies have adopted a more aggressive international expansion model,triggering a greater international risk.At present,China attaches great importance to the development of insurance internationalization,and strictly controls the risk supervision and prevention and control of the “going out” of Chinese-funded insurance companies in China.Based on this background,the paper starts from the status quo and problems of the international development of Chinese-funded insurance companies in China and discusses the international risks and risk management caused by specific discussions.The purpose of this dissertation is to sort out and summarize the current status and problems of the internationalization of Chinese-funded insurance companies in China through a large amount of information collation and literature review,and to find out the risks faced by the international development of Chinese-funded insurance companies and to address the risks.Conduct risk analysis and finally propose methods for risk management.The significance lies in analyzing the current situation of the internationalization of Chinese-funded insurance companies to analyze the risksexisting in the internationalization of Chinese-funded insurance companies in order to provide reference for the identification and management of Chinese insurance companies' risks in international development.At present,there are few studies on the issue of the internationalization of Chinese-funded insurance companies in China.They are mainly discussed through the necessity of international development and the degree of internationalization.There is no discussion on the development of insurance internationalization from the perspective of risk management.This paper uses qualitative and quantitative research methods to measure the risk of general and special risks that may occur in the international development of Chinese-funded insurance companies in China,and then find solutions to avoid risks..Finally,taking China Ping An Insurance company as an example,it specifically studied the risks it may encounter in the process of internationalization,and put forward policy recommendations on the actual situation of China Ping An.This study finds that the main problems facing China's insurance companies in internationalization are the low level of internationalization of Chinese-funded insurance;the concentration of internationalized regions and the unreasonable structure of development;the relative ability of overseas investment in insurance funds;and the lack of international professionals.International market development difficulties and other issues.In view of the current international development of China's insurance companies,it is found that there are a lot of risks in the development of internationalization.Risks include legal policy risks,credit risks,exchange rate risks,business risks,and management risks.This article gives policy recommendations after analyzing the current risks.Including companies should pay attention to the identification and quantitative analysis of international risks,build an international risk management system,and build a risk management system for each type of risk,and finally optimize the external environment and strengthen cooperation with the regulatory agencies in the country.According to the case study of Ping An of China,it was found that the risks in the process of international development of Ping An are: legal policy risk,exchange rate risk,business risk,and management risk.It also gave policy recommendations on the specific conditions of Ping An of China,including building a safe internal risk management system and improving the ability to quantify risk;rationally developing overseas assets and establishing a correct international development strategy;paying attention to improving investment capacity of insurance funds and strengthening insurance funds offshore.Investment risk prevention and control;emphasis on the application of IT technology,improve risk management capabilities.