Research On Internal Control For Fund Management Of Y Property Insurance Shanxi Branch

Since China's insurance business recovered from the 1980 s,insurance industry presents the good development trend.However,with the rapid development of insurance industry economy,the scale of insurance fund has grown substantially,how to reasonably use and manage insurance fund has became to the key in the process of insurance companies mananging.Although the government has launched many rules and guidelines to guide fund management,there are still some insurance companies do not reach the goal in fund management,with the phenomenon using fund illegally.Therefore,insurance companies shall establish perfect capital management internal control system,help to promote its risk prevention ability and capital management level.Based on the theory of capital management internal control,this paper summarizes the existing literature research,choose Y Property Insurance Shanxi Branch as the research example to carry out and explore the analysis.The author visited Y Property Insurance Shanxi Branch,collected,sorted out the information about internal control of fund management,and communicated with employees,knew about Y Property Insurance Shanxi Branch fund management implementation and exposed the defects of internal control.Through the research,the following problems have been discovered in Y Property Insurance Shanxi Branch in internal control of fund management:Employee performance evaluation of internal control low-duty,full awareness is not strong internal controls;risk warning delay,emergency procedures and the lack of specific risks;The existing financial's authorization and approval are not implemented properly;accounting staff also serve as internal auditors,which results in unfair and reliable audit results;employees do not pay attention to information quality when information is collected,and communication is nottimely;supervision means are single,and punishment is insufficient.The supervisory effect is not significant.In response to all problems,this paper proposes an improved internal control environment and performance appraisal mechanism based on the basic situation of Y Property Insurance Shanxi Branch and the existing system for internal control of capital management,and formulates emergency procedures with strong operability for potential risks,and enhances the company's financial management and control capabilities.Improving the post settings,enhancing the effectiveness of information and communication,strengthening internal control auditing and other improvement suggestions,strengthening the internal control of construction fund management,and laying a solid foundation for the healthy development of Y Property Insurance Shanxi Branch.