The Theory And Case Study Of Premium Income And Reserve In Insurance Accounting

In 2006,corporate accounting standards released in the context of China's booming economy,the insurance companies in this change among the brand new: innovative insurance products,constantly updated economic matters,constantly changing rules and regulations.Obviously,for these emerging products emerging,insurance accounting is lagging behind,with the rapid development of the economy,insurance accounting need to change.Insurance industry accounting system standards,requirements and objectives are higher than the general industry,and the general industry accounting system accounting methods are very different.In order to enable the insurance industry to develop in a relatively scientific accounting method,the accounting system needs to be standardized and sound,providing a very solid foundation for scientific accounting and efficient operation and management of the whole industry.This article from the accounting principle as a starting point,through the analysis of the insurance industry accounting and its own characteristics,the current insurance industry in China's financial work analysis.From the insurance accounting and accounting standards are not suited to the place to start,the main analysis of the two major issues: the recognition of premium income and insurance accounting provision to elaborate and analysis.For the premium income,combined with the enterprise accounting standards for several new life insurance analysis to determine whether the income is split and split the method of folding;for the insurance reserves,combined with the current guidelines set out in the measurement standards and requirements,the repeated measurement Of the insurance reserves and the new life insurance reserve provision method to propose a more scientific submission model,combined with the characteristics of new insurance to carry out the theory of perfect.According to the theoretical proposals put forward to the two major issues,combined with the case of RM Life Insurance Company,the problem of premium income and the provision of reserves are reflected in the specific financial data through the case,in order to solve the current insurance accounting Related issues to provide a strong argument.Revenue reductions in reserves,provision for recounting,and the absence of new types of insurance,thus affecting the company's financial statements and providing evidence for more accurate financial data.China's current insurance industry's national conditions,the development path is still arduous,the insurance industry needs transformation.This paper puts forward that in recent years,it is necessary to solve the problems of supervision,personnel training,management and construction,as well as perfect the insurance accounting system as soon as possible,and integrate with the international accounting standards,insurance law,CIRC and the long-term goal of the insurance company evaluation system.The entire insurance financial industry outlook.