Research On My Country's Internet Insurance Regulatory System

Insurance is the means of risk management under the condition of market economy and the product of the development of market economy.It plays a certain role in resolving various market risks faced by people and society.The essence of insurance is to safeguard the legitimate rights and interests of the insured and to make human life better.With the rapid development of Internet technology in the 21 st century,the insurance industry has brought historic opportunities.Under the fierce collision between the insurance industry and Internet technology,a new type of insurance mode,Internet insurance,has emerged.Internet insurance itself has its inherent Internet gene,which has brought great innovation to the development of traditional insurance industry,providing consumers with faster,better quality and better experience of insurance delicate services.However,due to the unique risk factors of Internet insurance,the following problems arise: its business touches regulatory boundaries,laws and regulations lag behind,lack of regulatory technology and so on.This paper first expounds the concept of insurance supervision,and introduces the mode and main content of insurance supervision.By elaborating the specific content and necessity of traditional insurance supervision,it lists two main modes of insurance supervision,namely,the British mode and the Japanese-German mode.On the basis of this theory,this paper describes the connotation,principles and particularities of Internet insurance supervision.According to the experience of Internet insurance regulation in the United States,Europe and Japan,we can draw lessons from it.Secondly,the specific content of Internet insurance supervision in China is analyzed and explained at the macro level according to the current Regulations on Internet Insurance Supervision.Thirdly,by studying the current situation of Internet insurance in China,the author points out the concrete problems that hinder its development: first,the legal system of supervision needs to be improved urgently;second,the rules of market operation need to be strengthened;and third,the problems of information disclosure.Finally,aiming at the existing problems of Internet insurance,this paper puts forward three feasible suggestions for the construction of the supervision system of Internet insurance in China,namely,establishing a multi-level legal supervision system;clarifying the market access and exit mechanism,standardizing and guiding the innovation of Internet products,broadening the operation area of Internet insurance business,and strengthening the number of Internet insurance consumers.According to the four aspects of information security,we should improve the regulation of Internet insurance.Finally,we make specific suggestions on the information disclosure of Internet insurance business in terms of content,form and format.In order to standardize and guide the development of Internet insurance,stop and prevent unfair competition,strengthen the protection of the rights and interests of insurance consumers,and maintain and promote the orderly and steady development of China's insurance industry.