Discussion on Internal Control of Insurance Companies

Abstract

In recent years, insurance institutions have gradually increased, their business structures have become increasingly complex, and their underwriting coverage has continued to increase. The insurance industry's function of boosting the economy and ensuring social stability has been continuously enhanced, which has prompted insurance companies to better implement new development concepts and explore high-quality development paths. However, in the development process of the insurance industry, some companies have neglected internal controls in order to maximize their business scale, leading to a sharp increase in the probability of risk occurrence. This article analyzes the current operational characteristics of insurance companies, points out the problems existing in insurance companies, and provides corresponding suggestions to improve the effectiveness of internal control. It emphasizes the necessity of internal control for the development of insurance companies, and hopes to help them improve their governance level and achieve healthy, stable and positive development.