In recent years, the insurance business has developed rapidly and achieved remarkable results. With the optimization of China's legal environment, the era of all-weather supervision has arrived, and higher requirements have been put forward for compliance management work. The insurance company has initially established a legal compliance management system, but currently all compliance management work is carried out offline, posing the greatest challenge to the group operation in the compliance management system. Therefore, it is urgent to establish a compliance management platform, centralized management, online collaboration, and form a strong grip on compliance construction, in order to play a guiding role in enterprise strategy, strengthen compliance control over subsidiary companies, strengthen proactive compliance management work, and inspect, track and manage risks based on problems, effectively prevent compliance risks, and provide basic data for online risk control. Compliance management is an important aspect of comprehensive risk management for insurance companies and a fundamental task for implementing effective internal controls. In recent years, due to the uncontrolled compliance risk management of enterprises, a series of major financial and operational risk events have occurred in insurance companies. In order to standardize the governance structure and risk management of insurance companies, on January 4, 2017, the China Insurance Regulatory Commission issued the "Compliance Management Measures for Insurance Companies", which required insurance companies to establish and improve compliance management systems, improve the organizational structure of compliance management, clarify compliance management responsibilities, build a compliance management system, promote the construction of a compliance culture, effectively identify and actively prevent and resolve compliance risks, and ensure the stable operation of the company. At the same time, the measures require insurance companies to gradually establish an effective compliance management information system, ensuring timely and accurate access to information required for compliance management work such as company business, fund utilization, finance, and basic management through the information system. The construction of compliance information systems has increasingly become an important direction for insurance companies to improve their compliance management level.
Hunk Era Compliance Management Platform products and solutions, targeting the problems faced by insurance companies in the legal compliance field, combined with advanced compliance management concepts and our system construction implementation experience, help the legal compliance department of insurance companies, build a legal compliance management system, and assist in the business development of insurance companies.
The compliance management system will help enterprises achieve the following three goals:
Firstly, the China Banking and Insurance Regulatory Commission has clear regulations on the informationization construction of compliance management for insurance companies, in response to regulatory requirements;
The second is to assist in guiding corporate strategy, strengthen compliance control over subsidiary companies, strengthen proactive compliance management, and conduct problem oriented risk inspections, tracking, and management to effectively prevent compliance risks, provide basic data for online risk control, resolve compliance risks, ensure stable operation of enterprises, and drive value innovation through compliance data.
Thirdly, as the compliance work of insurance companies continues to deepen, the legal compliance department of insurance companies urgently needs an information system to solve the problem of daily work efficiency. Through the information system, it can ensure timely and accurate guidance and supervision of the company's business, finance, capital utilization, basic management and other information in compliance management work.