Research On Operational Financial Risk Management Of PL Branch Of A Property Insurance Company

Financial risk is an indicator of enterprise management,which not only directly affects the profitability and solvency of enterprises,but also related to the sustainable operation and long-term steady development of enterprises.Insurance company is a typical debt management enterprise,because of the great uncertainty of indemnity expenditure,at the same time,the amount of capital involved in the operation process of insurance company is large and the liquidity is strong,which can easily lead to financial risk.Therefore,the level of risk management has a direct impact on the operating performance and long-term development of insurance companies.As the starting point of property insurance company,branches are the first step of risk management.It is of great practical significance to strengthen the financial risk management of sub-provincial branch companies for the long-term development of the company itself and even the insurance industry.As an effective method and means of risk management,internal control can not only analyze the root causes of financial risk more comprehensively,but also provides more feasible suggestions and countermeasures for preventing and controlling financial risk.Therefore,it is of great significance to study the operating financial risk of the branches of property insurance companies from the perspective of internal control in order to improve the overall financial risk management level of property insurance companies.A property insurance company is a property insurance company with domestic comprehensive strength in the forefront,and the operation of risk management is representative.In this paper,the PL branch of A property insurance company is selected as the research object,and the case study method and investigation analysis method are used to study the operating financial risk of PL branch from the perspective of internal control.PL branch is regarded as the prefecture and city branch of A property insurance company.Based on the analysis of the risk points in the exhibition,underwriting and settlement of claims,this paper finds that the concentrated financial risks of the operation are as follows: the ability to repay the debt is declining;difficult recovery of funds;imbalance of business structure;high comprehensive cost rate,low profit level and so on.This paper fully draws lessons from the positive role of internal control in financial risk management,and analyzes the causes of operating financial risk of PL branch from the five elements of internal control,which are as follows: the internal environment is poor,the financial risk assessment system needs to be improved,and the financial risk assessment system needs to be improved;lack of effective implementation of financial control activities;business control activities management is not fine;internal communication is not smooth and supervision function is weakened.Last,This paper puts forward some countermeasures and suggestions to prevent and control financial risks from the perspective of internal control,so as to improve the risk management level of the company in an all-round way.In this paper,it is found that the financial risk management of branches is the basis of enterprise risk management.Property insurance companies should not only pay attention to performance indicators,but also create a good risk management environment.To establish and improve the financial risk control mechanism,at the same time,management and employees at all levels should participate in cooperation and conscientiously implement the policy systems of risk management in order to win the sustainable and healthy development of the company.