Insurance Information Management in China

Abstract

Information problems are particularly relevant and inherent for insurance market, thereby, it’s especially important to implement information management in insurance marketplace. Insurance information management involves not only the information management for insurance companies, but also for regulators and industry. And the main body to implement it does not only confine to information technical personnel, but all members of insurance organizations. In China, there’re many information problems in insurance market which would make undesirable outcomes, owing to the information asymmetries of policyholders, companies, agents, regulators and so on. We find some specific measures in the light of these problems to establish and improve information management system in Chinese insurance market based on its own market structure and conditions.