International Insurance Supervisory Core Principles (Concepts, Rules, and Chinese Practices)

Author: Li Yang, Chen Wenhui (editors)
Publisher:
Publish Date: 2006-09-01
Features: Introduces and analyzes relevant regulatory requirements and standards for the core principles of insurance supervision; summarizes and generalizes domestic corresponding regulatory provisions and practices; compares domestic regulatory practices with the requirements of the core principles of insurance supervision, identifying gaps; proposes recommendations for improving China's insurance supervision. In modern socio-economy, the insurance industry holds a unique and important position: it is not only closely related to the interests of policyholders but also closely linked to the development of other financial industries and non-financial industries, and is even closely related to the construction of social integrity. Therefore, establishing and maintaining an efficient, fair, safe, and stable insurance market is of great significance to policyholders, society, and the nation. Additionally, with the continuous deepening of economic globalization, the internationalization of insurance is also increasing, which objectively requires regulatory authorities of various countries (regions) to enhance their awareness of jointly concerned issues in order to effectively protect the interests of policyholders and promote the healthy development of the insurance industry. To achieve all these goals, it is unimaginable without a scientific and effective insurance supervision system. International Core Principles of Insurance Supervision—Concepts, Rules, and Chinese Practices is based on our research project "Research on the Core Principles of International Insurance Supervision and Their Application in China."