Since the reform and opening up, the development of China's insurance market has made remarkable achievements. 65438-0980, domestic insurance business resumed, and the national premium income was only 460 million yuan. In 2000, the national premium income reached159.6 billion yuan, with an average annual increase of 34%, but there are still many problems in the development process. Judging from the current situation of insurance industry in the world, the development level of insurance industry in China is still quite low. 1999, the per capita premium (insurance density) in China was only 1 10.58 yuan (about 1 1.4 USD), which was comparable to that in Switzerland, the United States and Hong Kong. The proportion of premium income in GDP (insurance depth) is only 1.49%, ranking 66th in the world, while that in developed countries is generally around 10%. Judging from the development of domestic insurance market, there are still few competitors and a high degree of monopoly; The development of intermediary market and reinsurance market is seriously lagging behind; The insurance products are single, and the service methods and means are backward; Insurance companies have insufficient capital and low asset quality.
It is an important task for us to promote the development of the insurance market and solve the above problems in the development.
(1) Increase insurance institutions and expand the insurance market. Gradually increase the number of insurance companies in China; Increase the number of branches of joint-stock companies with high management level, sufficient solvency and no serious violations of laws and regulations; Gradually increase a number of new agents, brokers and insurance intermediaries to develop the intermediary market; Appropriately increase new reinsurance companies and cultivate reinsurance market.
(2) Deepen system reform and improve market players. Reforming state-owned insurance companies according to the modern enterprise system; Standardize the corporate governance structure of joint-stock insurance companies and continue to implement the policy of separate operation.
(3) Encourage innovation and improve services. Carefully design and constantly improve insurance products, provide safer and more competitive insurance products, and meet the needs of all sectors of society.
(4) Preventing risks and strengthening supervision. Urge insurance institutions to establish and improve internal control systems to prevent and resolve operational risks; Resolutely crack down on illegal insurance activities and ban illegal insurance institutions; Standardize the business practices of insurance companies and intermediaries, create an environment of legal operation and fair competition, severely investigate and punish fraud and misleading policyholders, and maintain the normal order of the insurance market.