Research On Underwriting Risk Management Of G-export And Credit Insuranc Company

With the continuous expansion of China’s total trade volume and the comprehensive promotion of the "One Belt,One Road" initiative,export credit insurance has played an increasingly strong role in risk protection in the process of China’s international trade and globalization.G export credit insurance company is an important export credit insurance business provider in China,but because China’s export credit insurance has not been established for a long time,the early credit insurance business is more about the coverage of export business,but lack of in-depth consideration of the quality of underwriting business and management of underwriting risks,and there is still a big gap between the development of G company’s export credit insurance and similar insurance companies in western developed countries.Taking the business of G Export & Credit Insurance Company in the ASEAN region as an example,this paper focuses on the optimization of underwriting risk management of export credit insurance.Through specific case analysis,it is expected to provide reference for the optimization of underwriting risk management of G Export &Credit Insurance Company.On the basis of sorting out G company’s export credit insurance business for the ASEAN region and the main risks it faces,this paper Focus on G company’s commercial risk,political risk and legal risk.In particular,three cases were selected for case analysis,including the risk of default of payment by Vietnamese dealers,the case of political risk under the background of the COVID-19 and the coup in Myanmar,and the case of legal risk disposal of Cambodian buyer.These cases analyze the current situation and problems and the enlightenment of G company’s risk management in export credit insurance business.The above case analysis draws the research conclusion: under business risk management,it is necessary to increase the awareness and attention to the risks,and the quality of credit reports needs to be improved;under political risk management,it is necessary to further refine the assessment requirements for political risks and establish project Post-evaluation method to carry out better post-insurance management;under legal risk management,it is necessary to strengthen the ability to identify legal risks and strengthen the ability to send risk information.In general,the overall underwriting risks of G Company’s export credit insurance business in the ASEAN region are controllable,but G Company still has problems such as the concept of comprehensive risk management is not deep enough,risk management assessment and inspection methods is not fully covered,and the internal risk model needs to be improved,the management of political risks is relatively extensive,and the research capacity of underwriting risks needs to be strengthened.Based on the above questions,this paper puts forward countermeasures to optimize the risk management of G company from the company’s overall risk management level and specific insurance business level.