Research On Internal Control Of QH Life Insurance Company

The development trend of insurance industry shows that the competition of future industry is mainly the competition of soft power,and its focus will be mainly reflected in the competition of internal control.Faced with this trend,the insurance industry must have a long-term vision,stand at a new height to understand and build a modern enterprise internal control system,so as to ensure that enterprises grasp the core competitiveness of sustainable and healthy development,in order to seize the best starting point and commanding heights of future industry development.Then,how to establish a good internal control system to avoid risks under such a development trend has become an important problem in the operation of insurance companies.This paper holds that insurance companies should constantly adjust and optimize the internal control management system,timely identify,evaluate and solve internal control problems,prevent and resolve operational risks,to promote the rapid and sound development of the insurance industry.On the one hand,the purpose of this paper is to show the importance of internal control in the operation and management of modern insurance companies in theory,so as to further arouse the attention of insurance company management to internal control,and to stimulate management to think about the construction of internal control system of insurance companies.On the other hand,from the execution level,it points out the insufficiency of QH life insurance company's internal control,points out the direction of QH life insurance company's internal control construction,and contributes to the realization of QH life insurance company's development strategic goal.Supported by the theory of internal control,this paper uses the method of literature review to study the internal control environment,risk assessment,control activities,information and communication,and supervision of QH life insurance company by using theoretical knowledge,including "COSO Report" and "ERM2 Framework" theory.The defects of internal control of QH life insurance company are found in the research process.In the analysis of internal control problems,we adopt the empirical analysis method,combined with the requirements of the supervision department for the construction of internal control of insurance companies and the work practice of internal control management,to find problems and solve them.In the process of research,the paper also adopts internal compliance inspection,investigation,case study,data analysis,interviews and other methods to analyze the internal control of QH Life,directly cut into the key points and pain points,and find out the crux of the existing internal control of QH Life.Through in-depth study,we find that QH Life Insurance Company has various internal control problems,including the unsatisfactory investment governance structure in control environment,short-term behavior in corporate culture,imperfect risk identification and evaluation system in risk assessment,imperfect product control links in control activities,unreasonable use structure of insurance funds,and supervision in internal supervision.The system structure is imperfect,the content of supervision audit is not implemented in place,and the quality of internal auditors needs to be improved.There are loopholes in internal and external communication of information and communication,and the infrastructure of electronic information needs to be improved.The above problems are analyzed in detail.Suggestions for improvement are put forward:optimizing the investment organizational structure of QH Life Insurance Company in terms of control environment,strengthening the construction of enterprise compliance culture;all-round and non-dead-angle systematic risk assessment in risk assessment,continuing risk assessment,timely feedback of risk assessment results from multiple perspectives;strengthening product control links in control activities,and conscientiously realizing responsibilities.We should change the compliance risks existing in sales and operation links,rationally optimize equity investment,and increase the proportion of bonds and infrastructure investment;optimize the construction of internal supervision system,achieve high-depth and full coverage of content,and improve the professional quality of supervisors;set up special information disclosure committees in information and communication,improve internal information communication channels,and broaden the external environment.Information communication channels.Through the research,it is found that there are serious deficiencies in internal control of QH life insurance company,which is the key to the administrative punishment of QH life insurance company.At the same time,it is concluded that internal control is the foundation and premise of the company's development.Perfect internal control system is the guarantee of healthy and healthy development of enterprises and the core competitiveness of enterprises.