The Study On Business Strategy Of Wage Payment Guarantee Insurance For Migrant Workers Of S Company

In recent years,with the continuous development of the construction industry,China’s economic level has been rapidly developing.The development of the construction industry is dependent on the help of millions of migrant workers,in addition to the assisit of increasingly advanced technology.However,back pay for migrant workers has always been an intense social issue.In order to solve this problem,the country has continuously issued relevant systems and laws to protect the rights and interests of migrant workers,wage payment guarantee insurance for migrant workers is one of the tools to resolve this social contradiction.As a commercial insurance,wage payment guarantee insurance for migrant workers could inevitably encounter difficulties and problems in the process of promoting and operating.Taking S Company as an example,this paper describes the current situation of the company’s operation on this insurance product,deeply explores the problems existing in its operation process,analyzes the causes of the problems,and puts forward corresponding business strategies based on relevant theories.In this paper,aiming at existing difficulties and problems in S company’s business,I propose the concrete measures by analyzing the sales,underwriting,claims to help impove management status of S company on operateing the insurance product,as well as provide reference and advice for sustainable development of this insurance product.The sound development of wage payment guarantee insurance for migrant workers can not only increase the income of insurance companies,but also reduce the financial pressure for construction enterprises,and will solve the problem of being unpaid by employers for migrant workers.Thus assisting in maintaining social harmony and stability.