Research On The Problems And Countermeasures Of Insurance Industry Supervision By The Banking And Insurance Regulatory Bureau Of R Cit

The insurance industry of China started very late,the development of the insurance industry and market operation mechanism is not yet perfect,the lack of systematic insurance regulation theory and practical experience,leading to a long period of time in the past,china’s insurance industry is in a state of Extensive growth and unrestricted operation.Along with it,the insurance market has shown many problems that can not be ignored,such as the unbalanced and unsustainable development of the insurance industry and the irregular market behavior,etc.,it reveals that there are still many loopholes and deficiencies in the supervision of Insurance Industry in China in the aspects of laws,regulations,supervision system,supervision technology and so on.In March 2018,the China Banking Regulatory Commission(CBRC)and the China Insurance Regulatory Commission(CIRC)formally merged,which marked the era of strong regulation of China’s insurance industry and the end of the insurance industry’s Extensive growth model.After the amalgamation of the CBRC,a series of measures have been taken to rectify the disorder and regulate the insurance industry.However,due to the short time since the establishment of the reform of the CBRC,various supervisory work is not yet perfect,and there are still many problems such as insufficient supervisory staff,unclear supervisory standards and low supervisory efficiency.How to effectively solve these problems,improving the effectiveness of insurance industry regulation is an urgent problem to be solved.In order to prevent and defuse financial risks in the insurance market,establish and improve a modern insurance regulatory system,further standardize and improve the development of the insurance industry,maintain the stability of the financial market,and strive to modernize the regulatory system and regulatory capacity of the insurance industry,in this paper,the status quo of R city banking and Insurance Regulatory Bureau is studied,the reasons for the problems in the current regulatory process are analyzed,and relevant recommendations are put forward.This research mainly uses the literature research method,the investigation research method and the field investigation method to carry on the research,altogether has five parts.First of all,the basic theory of China’s national conditions and the existing administrative system,through reference to the Western government regulation theory,to further optimize the supervision of the sub-bureau of banking and insurance supervision to provide a theoretical basis.Secondly,by consulting the domestic and foreign literature,to understand the leading domestic and foreign insurance regulatory system and regulatory model,for this study to lay a practical foundation.Thirdly,through questionnaire investigation and interviews,the problems existing in the current supervision process of R city banking and Insurance Bureau are summarized,it mainly includes such problems as insufficient and inefficient supervisory capacity,confusion of supervisory mode with banking system,insufficient supervisory coverage,too many items of supervisory examination and approval,and difficulty of regulatory policy sinking.Thirdly,in view of the existing problems,the causes of these problems are thoroughly analyzed,the main reasons are as follows: The supervision system of insurance industry is not perfect,the supervision standard is not clear,the supervision force is not enough,the position of government function is vague,and the supervision mechanism of employees is not enough.Finally,on the basis of analyzing the problems and their causes in the supervision of R city banking and insurance supervision sub-bureau,combined with the theory of government regulation,it proposes to improve the effectiveness of regulation through measures such as improving the effectiveness of government intervention,clarifying the standards of industry regulation,integrating and coordinating regulatory resources,promoting the transformation of government functions,and standardizing the supervision of employees,with a view to effectively play the role of banking and insurance regulatory sub-bureau,the construction of a sound insurance regulatory system to provide reference.