An Introduction of “The Insurance Institute of China”
Founded in Nov. 1979 in Beijing, The Insurance Institute of China (IIC, hereinafter)was designed in the position of national-wide nonprofit organization, engaged in insurance academic research and policy-making analysis. The IIC is consisted of companies and specialists in insurance and other related fields, and supervised and conducted directly both by China Insurance Regulatory Commission (CIRC) and by national society management organization – the Ministry of Civil Affairs of PRC as well.
The tenet of the IIC is, in compliance with the Constitution, laws, regulations and policies of the PRC, complying with the social morality, actively exploring the China characterized development rule of insurance industry, practicing the concept of scientific development, insisting on the right direction of development and revolution, undertaking the study of theories and policies on insurance, organizing academic exchanging, and accelerating the prosperity and development of insurance theory.
The responsibilities of the IIC are as follows:
1.To organize the members to study the insurance theories and government policies, and to improve the information exchanging and sharing by holding seminars, exhibitions and special forums.
2. To propagandize insurance law, related regulations, policies, and to popularize the knowledge of insurance with various measures, such as organizing the writing of insurance books and other kinds of literatures and information, theories. To edit and publish journals, set up and maintain web site.
3.While undertaking the training programs on insurance theories and policies guided by authorization or commission, the IIC is in charge of appraising research work and providing insurance information service.
4.To set up prize for individual or groups having outstanding achievement in the study of insurance theories and policies, academic innovation and school teaching.
5.To strengthen the international communication and co-operation on insurance experiences including of which the areas Hongkong, Macao and Taiwan.
6.To conduct the work of provincial insurance institutes which join the Insurance Institute of China initiatively, enhancing communication and co-operation between related institutes and associations.
7.To undertake the work committed or transferred from due to the government function changing, take charge of other activities which is welcomed and recognized by members and public.
IIC has an effective organization arrangement. As the general conference of IIC members being designed as its highest authority organ, the Board of Directors is its executive agency. The Seventh Board of Directors has been elected by the Seventh session of the general conference of the IIC members which was held on December 18, 2007. The first meeting of the Seventh Board of Directors also was held during the same period. At present, totally 208 members are registered in IIC, including 81 insurance corporations, 8 assets management companies, 18 insurance brokers, 63 institutes and colleges concerning insurance research, 32 provincial insurance institutes and 5 other units concerned. Furthermore, 11 China liaison offices of foreign insurer or financial companies are listed as guest members. The IIC has 349 directors and 11 guest directors, including 108 standing directors. Mr. Wu Dingfu – chairman of CIRC serves as the IIC Honorary President, while Mr. Luo Zhongming – inspector of policy research department of CIRC holds the position of the IIC President, Mr. Zhang Wenyuan is in charge of the Secretary General of IIC. The IIC also appoints other 19 part time vice presidents and 18 part time assistant secretaries General.
The Secretariat, the IIC standing office, is organized by four departments: the Department of Management, the Department for Member Service, the Department of Training and the Department of Journal edition. Besides, the IIC also set up two professional committee, i.e., the Committee of Academic Research and the Committee of Education and Training, and two working panels, i.e., the budget panel and the edition panel for the journal of the Insurance Research.
As the official publication of IIC, the Journal of the Insurance Research was initially published in 1980 and is the only national level journal specializing in insurance academic research published publicly both to domestic market and overseas. The News of Insurance is an internal communicating journal which is oriented as an important reference journal by providing abundant information with the character of latest and readable. Analyses for the administrative policy tendency and hot insurance issues are also included.
The website of IIC, a window laying out the image, functions, style and characteristics of IIC, is an important channel both to help people to touch, to find out, to know more about the insurance industry and its development in China and to help IIC members to communicate each other as well. Furthermore, the website also serves as a platform popularizing insurance knowledge to consumers.
Since established, the IIC has actively been exercising its bridge function, devoting itself to a great deal of significant works both in the field of insurance academic research and communication and in the field of education and training as well under its working purposes which had been laid down in the Articles of IIC. In future, The IIC would like to study and implement the concept of scientific development, to emancipate the mind, to seek truth from the facts and to advance with the time of which are the spirits of the Seventeenth Congress of the Chinese Communist Party. In particular, the IIC would like to improve its function to provide better support both to the innovation and prosperity of the insurance industry in China and to the academic research and government policy making as well.
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