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Bank of China Insurance Commission Guo Shuqing: Insurance company governance structure is still not standardized

April 15, 2019 10:47
source: China Business Network

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The news from the China Insurance Regulatory Commission said that on the morning of April 11, 2019, the peoplebankSecretary of the Party Committee and Chairman of the Banking Regulatory Commission Guo Shuqing went toPeople's Insurance Group of ChinaCompany limitedResearchAnd presided overInsuranceInstitutional symposium.

At the symposium, Guo Shuqing pointed out that the governance structure of the insurance company is still not standardized, and the internal control mechanism needs to be further strengthened.

Guo Shuqing said that in recent years, the insurance industry has focused on serving the real economy, deepening supply-side structural reforms, resolutely rectifying market chaos, striving to prevent and resolve various risks, gradually improving business structure and quality, and improving service economic and social capabilities. The work has achieved remarkable results.

The meeting requested that the insurance industry should return to its source, adhere to the fundamental orientation of serving the real economy, and adhere to the basic attributes of long-term sound risk management and protection. We should focus on the service focus areas and weak links, and take the governance of market chaos as a powerful force, and deepen reform and opening up as the basic driving force. Accelerate the adjustment of institutional system, market structure and product structure, firmly establish customer-centered guiding ideology, reduce operating costs, improve service quality and efficiency, and make new and greater contributions to building a well-off society in an all-round way.

(Article source: China Business Network)

                (Editor: DF052)

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