Research On The Application Of Comprehensive Budget Management In Insurance Industry

With the constant development of Insurance Business in our country,the insurance companies have sprung up like mushrooms in recent years.The hardcore to run the Insurance Industry are about the management and the operation through different kinds of risks.Also,these are the most crucial characteristics to make a distinction between Insurance Industry and other industries.The Comprehensive Budget Management is able to help the company to achieve the strategic target,upgrade the efficiency of resource allocation,and increase the income for company’s asset.What’s more,the domestic insurance companies have already taken the Comprehensive Budget Management as their important means to maintain daily routines.But,on the other hand,base on the theoretical research and practical experience of insurance industry,how to mix the characteristic of industry operation and the similarity of Comprehensive Budget Management into one,in order to facilitate the support of corporate strategy from Comprehensive Budget Management,is the main developing direction of Financial Management area in Insurance Industry.This paper has adopted two combination ways to analyze,including document research&case studies.To begin with,this paper has cleared up domestic&overseas’ documents,and theoretical research achievements that are related to Comprehensive Budget Management.Through detail studies on the feature of Comprehensive Budget Management,this paper has brought forward some common problems and difficult positions with in-depth analysis.Furthermore,base on the practical situation of C company,this paper has analyzed the status quo of Comprehensive Budget Management including framework structure build,budget weaving process and budge control mechanism.Meanwhile,this paper takes further analysis of the problems and drawbacks that exist in Comprehensive Budget Management,and also makes distinction by industry characteristics and internal operation between the influences that derive from different dimensions.Last but not least,by means of practical improvement and measures that are offered to C company have really provided us with numerous references in solving common and character problems in Comprehensive Budget Management.In accordance with the practical working experience and theoretical knowledge in Comprehensive Budget Management,the author has put forward the deliberate thought for solving problems.So to some extent,this paper has partly solved some problems that exist in the Insurance Industry,and also has some certain reference meanings for readers.