ˇ· Research Department ˘w

ˇEPreamble

A castle built on bedrock could last for centuries, R & D is the bedrock of an academic institute or an enterprise. A successful R & D work makes an enterprise prosperous and makes it grow day by day. This Department has the duty to do R & D work in the interest of our insurance industry and to be its think-tank.

I.Functions of Divisions

1. Research Division

( 1 ) Financial Section
Financial Section is responsible for the study of research on financial evaluations and assessment of methods used by the developed countries as reference for the establishment of the financial rating system of our life and non-life insurance industry and the review of the existing laws, regulations applied to operation and financial management of insurance institutions.

( 2 ) Market Section
Market Section is responsible for the analysis of the dynamic movement of domestic and foreign insurance markets ; the interrelation between commercial insurance and social insurance;the reform of the employees' retirement benefits scheme;the interrelation between macroeconomy and insurance market.

( 3 ) Distribution & Product Development Section
Distribution & Product Development Section is responsible for the study of e-commerce, tele-sales and any other means of direct sales, the existing system of insurance brokers, agents and salespersons of our market, as well as the design and innovation of new life and non-life insurance products.

( 4 ) Law & Regulation Section
Law & Regulation section is responsible for the researchs in laws and regulations, existing insurance monitoring system, and promoting a sound development of insurance industry.

( 5 ) Mainland Market Section
Mainland Market Section is responsible for the research on Mainland China insurance market, the interrelation between insurance industries of the two sides of the strait in order to monitor the development of insurance market in Mainland China.

2. Communication Division

(1 ) Publications & Services Section
Publications & Services Section is responsible for the publication of insurance periodicals, insurance books and other related literature. It is also responsible for managing the insurance website for the public and conducting insurance professional designation examinations on behalf of European and/or American insurance institutes.

( 2 ) Library
Our library has quite extensive collections of domestic and foreign insurance books and publications as well as materials, policy forms, and coverage information of new insurance products. The library is open to the public.

II. Prospect

1.The expectation of the Research Department is utilizing its research findings and proposals to benefit the healthy development of our insurance market. It also provides important references for the decision-making made by insurance management and insurance supervisory authority.

2.Viewing to upgrade insurance professionalism, the introduction of foreign insurance know -how, the collection of insurance -related information and the spread of such knowledge shall be the mainstream of our R & D work.

3.By launching an insurance educational campaign, we hope to raise the level of public awareness of the concepts of insurance and risk management.

 

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