Strategic Adjustment of China's Insurance Supervision Patterns after WTO Entry

摘要

After WTO entry, China's insurance market has undergone great changes: with sustainable,rapid and healthy development of insurance sector, the financial safety risk emerges, market competition becomes fierce, fund utilization risk becomes great, and the trend of financial conglomerates becomesobvious and so on. This brings great challenge to the existing China's insurance supervision system. To meet the demand of the insurance sector development under opening economic conditions after WTO entry, China shall quicken the step of transforming the insurance supervision pattern, implement the insurance supervision that takes payment ability supervision as core, and strengthen dynamic supervision, umbrella supervision and functional supervision.