Study On Financial Risk Management Of Hua Xia Life Insurance Company

Financial risk management plays an important role in the sustainable management and healthy and stable development of enterprises.Strengthening corporate financial risk management can reduce unnecessary economic losses in the operation of enterprises,and provide strong guarantee for enterprises to realize their business objectives and financial goals.As an important industry in the national economy,insurance companies are playing an increasingly important role in timely compensating for disaster losses,safeguarding economic security and promoting enterprises to strengthen risk management.At the same time,the insurance company because of its huge number and scattered distribution agencies,determines its facing the financial risk is greater than that in general enterprises,therefore,strengthen the property insurance company operating financial risk management is particularly important.Along with the rapid expansion of China life insurance company performance,the growing company assets,the company business scope extends continuously,the increasingly intense competition in the market,the company's financial management pressure also increases gradually,financial risk increase gradually.To improve the financial risk management system of HuaXia life insurance Compan,it can better adapt to the development and operation of HuaXia life insurance Compan.Based on the theory of financial risk management and internal control theory,this paper focuses on HuaXia life insurance Compan.First,the financial risk management of HuaXia life insurance Compan is now analyzed.The company mainly manages the financial risk management through two aspects,one is the comprehensive risk management system,the other is internal control.Internal control,constructed by the business and functional departments,the risk management department,the supervisory department of the "three lines of defence" as the core of risk management framework,and formulated a series of financial control system;Secondly,analyzed the main problems of current management of financial risk,including jobs and responsibilities implementation does not reach the designated position,weak part of the control activity management,needs to improve the financial information system,the lack of necessary supervision and risk management,financial risk assessment is relatively simple.This paper analyzes the causes of these problems,mainly the weak awareness of financial risk prevention,the lack of effective communication mechanism,and the improvement of financial personnel quality.Finally,based on the perspective of internal control,the author puts forward some Suggestions for improvement from five aspects: control environment,control activities,information collection and communication,evaluation and supervision and risk assessment.First,create a good internal control environment,including improve financial risk management theory,perfect the financial risk management structure,develop good risk management culture and strengthen the risk management team construction;Secondly,improve the effectiveness of the control activities,including strengthening the financial budget management,and strengthening the management of funds revenue and expenditure;Third,improve information collection and communication,including expediting the docking of financial and compulsory systems,and strengthening communication between departments;Fourth,strengthen internal supervision and evaluation;Fifth,improve the financialrisk assessment work.Combining the financial risk management and internal control,this paper studies on the Chinese life insurance companies improve financial risk management level and strengthen the internal control management has a direct practical significance,can reduce the company's financial risk.It can also provide some references for other insurance companies' financial internal risk management.