Life insurance company internal control construction and supervision

Author: Chen Wenhui
Publisher:
Publish Date: 2005-11-01
Features: This book consists of eleven chapters. It begins by analyzing the development and evolution of internal controls both domestically and internationally, focusing on the eight elements of internal control construction in China's life insurance companies: "control environment, risk assessment, financial accounting control activities, business control activities, fund control activities, information technology control activities, information and communication, and internal supervision." Based on empirical research, it identifies existing issues in the internal control construction of life insurance companies, proposes measures to improve internal controls, and finally, from the perspective of regulators, outlines a comprehensive approach to strengthening internal control supervision over life insurance companies. Internal Control Construction and Supervision of Life Insurance Companies conducts a systematic study of internal controls in China's life insurance companies, providing a comprehensive summary of the current status and problems in their internal control construction. It analyzes the overall framework and corresponding measures for future internal control development in life insurance companies and proposes regulatory approaches to overseeing internal controls. The book's proposal for establishing a supervision and evaluation mechanism can effectively promote the strengthening of internal controls in life insurance companies and facilitate regulators in implementing classified supervision. Internal Control Construction and Supervision of Life Insurance Companies still has many areas for improvement. For example, it draws more heavily on international internal control theories while incorporating fewer domestic practical studies; it does not sufficiently delve into the problems of internal controls in domestic life insurance companies, and the accuracy of some issues needs to be improved; and the proposed measures for improving internal controls require further refinement. This book can serve as a theoretical reference for education and academic research, provide valuable insights for life insurance companies to strengthen their internal controls, and offer a strong impetus for improving insurance supervision.