Study On Optimization Of Financial Sharing In PICC Life Insurance Hunan Branch

In the wave of economic globalization,national economies are intermingling,When a group grows to a certain size,in order to seek a more efficient and scientific management model and to save management costs and improve management effectiveness,large enterprises have started to introduce financial sharing serviceand.Against this backdrop,the superiority of the "intensive" financial sharing model becomes spreading.The number of insurance institutions is exploding,and many large insurance companies are expanding nationwide at an increasingly rapid pace owing to the booming improvement of the insurance industry.The overall increase of the company,the horizontal development of branches,and the internal structure of the group were complex and diverse,making it more difficult for the group to manage each branch.To match their development rate with management efficiency,the insurance companies have considered the present statue in order to innovate and improve the traditional financial model and construct a financial sharing center,h improves financial processing efficiency,enhances financial management,and maximizes resource efficiency.With the transformation of enterprise strategy to digitalization,the previous financial shared service operation model cannot sustain support for the needs of the enterprise’s transformation to digital strategy.Therefore,this program uses company PICC Life Insurance Hunan Branch as the research object to build an optimization framework for financial shared services based on economy of scale theory,system theory,and synergy theory through a case study.We systematically construct the optimization path of financial sharing in six dimensions which include strategic objectives,business process,information system,staffing,risk control,and quality management at the target level,operation level,and support level.This project also proposes corresponding solutions to the problems in the financial sharing services of the company PICC Life Insurance Hunan Branch.This paper compares the current situation of financial shared services of PICC Life Insurance Hunan Branch and finds that the target layer of financial shared services of PICC Life Insurance Hunan Branch is disconnected from the corporate strategy against the background of the existing strategic objectives of the target layer,and the business processes designed by the operation layer are not scientific and the support layer is not strong enough.Firstly,according to the designed financial shared service optimization path,the target layer of financial shared service was clarified based on the corporate strategy.Secondly,the business process of the operation layer was proposed to optimize the process with new technology and continuously improve the quality of the business process.We expected to fill the gap in financial shared service optimization and provide references and thoughts on financial shared service optimization in the insurance industry under the case study of the company PICC Life Insurance Hunan Branch.