Study On Life Insurers' Enterprise Risk Management Under C-ROSS

As a risk management company,the life insurers need to undertake the payment obligations to its prepaid insurance products,the debt-driven business pattern,determines that the solvency risk managing and controlling are both essentials.Therefore risk prevention is the lifeblood of the insurance industry,and is the key to management operation of insurers.To ensure the sustained and effective operation of company,solvency risk faced by the company should be managed effectively.Thus,it is especially important to establish a risk management system centered on solvency.In order to prevent managing risk and to stabilize the sustainable and healthy development of insurers,the China Risk Oriented Solvency System(C-ROSS)started to be officially implemented in 2016.Under the market environment of low interestFirstly,this paper illustrates the development of risk management,the risk management framework of Basel Agreement and the development of C-ROSS.Secondly,incorporating with the investigation and the case of AB Corporation,and based on the implementation background of C-ROSS as well as the current situations and existing problems faced by life insurance companies,this paper analyze the key risk management of solvency and proposes improving measures accordingly.The proposals and the conclusions of this research will make contributions to improve the risk management level of the life insurers,to prevent management risks and to stimulate the healthy and sustained development of life insurance industry.