Circular of the China Insurance Regulatory Commission on Issuing the 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry
Circular of the China Insurance Regulatory Commission on Issuing the 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry
Circular of the China Insurance Regulatory Commission on Issuing the 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry
Bao Jian Fa [2016] No. 73
August 16, 2016
All departments of the China Insurance Regulatory Commission ("CIRC"), all local CIRC offices, training centers, China Insurance Security Fund Co., Ltd., China Insurance Information Technology Management Co., Ltd., China Insurance Investment Co., Ltd., Shanghai Insurance Exchange Co., Ltd., Yearbook of China's Insurance, China Insurance Newspaper Company Limited, Insurance Association of China, Insurance Society of China, China Association of Actuaries, Insurance Asset Management Association of China, all insurance group (holding) companies, insurance companies, and insurance asset management companies,
In order to further promote the standardization reform in insurance industry, ensure the orderly advancement of insurance standardization work during the 13th Five-Year Plan period, China Insurance Industry Standardization Technology Committee has formulated the 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry (the "Plan").Such Plan is hereby issued for your compliance and implementation in accordance with the provisions stipulated by the Constitution of the Insurance China Insurance Industry Standardization Technology Committee.
The 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry
Preface
Standards serve as the technical support for economic activity and social development, and are the fundamental systems for national governance system and modernization of governance capabilities. Ever since the 21st century, China has achieved rapid development in standardization undertakings in insurance industry, the standards system has initially taken shape, with the scope of application gradually extended, the level being continuously enhanced and its influence being revealed step by step, and the awareness of the standardization in insurance industry has been generally raised.
Comprehensively carrying out standardization work in insurance industry, and further promoting the reform of the standardization in insurance industry, are major initiatives in implementing the Circular of the State Council on Issuing the Proposals for Deepening the Reform of Standardization (Guo Fa [2015] No.13) and the Several Opinions of the State Council on Accelerating the Development of the Modern Insurance Service Industry (Guo Fa [2014] No. 29, hereinafter referred to as the "Xin Guo Fa"). Carrying out insurance standardization work is conducive to enhancing the international competitiveness of the insurance industry, boosting business innovation, strengthening risk management, protecting the rights and interests of consumers, and improving the informatization level.
During the 12th Five-Year Plan period, the standardization work in insurance industry was closely linked with the overall goal of the reform and development of insurance industry. Driven by the needs of standardization and normalization in the reform and development of the insurance industry, the standards system has been continuously improved with a batch of standards released, while promotion of standards has been intensified to gradually enhance the influence of insurance standards. Standardization work in the insurance industry has become a powerful weapon to solve development problems, prevent and mitigate risks, regulate the insurance market and protect the interests of consumers.
The 13th Five-Year Plan period is a critical period to accelerate the formation of modern insurance services, and is also a critical period of deepening the reform of standardization in insurance industry. The standardization work in insurance industry must be conducted according to the requirements of modern insurance services, to further meet the needs of development of the insurance market in the 13th Five-Year Plan period, reform the management system, improve the work mechanism, improve the standards system and make it play a greater part in stepping up and upgrading the quality and improving efficiency in insurance industry. This Plan is made for this purpose.
I. Present situation and challenges
1. Review of the standardization work during the 12th Five-Year Plan period
The 12th Five-Year Plan period is an era when China's insurance industry has seen the most rapid development and growth in comprehensive strength, thorough breakthrough in reform innovation and significant improvement in infrastructure construction, and also a period when the service capacities, industry position and influences have been greatly improved. The standardization work has firmly adhered to the developmental tone of making progress while maintaining stability, and in line with the principle of "overall planning, laying stress on key points, giving priority to urgent needs", has made scientific planning with multiple measures under the leadership of CIRC and under the organization and promotion of China Insurance Industry Standardization Technology Committee ("CIISTC"), and with the great support of and active participation of each insurance institution. All kinds of work have been steadily advanced and achieved a fruitful outcome in general in the insurance standardization.
Improve insurance standards system and steadily propel standards formation. The major focus on technical standards for the 11th Five-Year Plan period has been shifted to equal emphasis on business, management standards and technical standards, the results of which have promoted the rapid, healthy and normalized development in insurance industry of each layer and in each sector. The number of insurance industrial standards has substantially increased with the standards system being improved continuously. During the period of the 12th Five-Year Plan, 11 items of finance industrial standards have been drafted by CIISTC and officially issued by CIRC, including five newly formulated ones and six revised ones. As of May 2016, a total of 31 amendments (times) to industry standards have been made, among which 23 items of standards are formulated and eight items (times) of which are revised. The standards cover insurance business, customer service, information technology, data exchange, and many other areas. A set of insurance standards system has been formed conforming to the needs of the development of China's insurance industry.
Bao Jian Fa [2016] No. 73
August 16, 2016
All departments of the China Insurance Regulatory Commission ("CIRC"), all local CIRC offices, training centers, China Insurance Security Fund Co., Ltd., China Insurance Information Technology Management Co., Ltd., China Insurance Investment Co., Ltd., Shanghai Insurance Exchange Co., Ltd., Yearbook of China's Insurance, China Insurance Newspaper Company Limited, Insurance Association of China, Insurance Society of China, China Association of Actuaries, Insurance Asset Management Association of China, all insurance group (holding) companies, insurance companies, and insurance asset management companies,
In order to further promote the standardization reform in insurance industry, ensure the orderly advancement of insurance standardization work during the 13th Five-Year Plan period, China Insurance Industry Standardization Technology Committee has formulated the 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry (the "Plan").Such Plan is hereby issued for your compliance and implementation in accordance with the provisions stipulated by the Constitution of the Insurance China Insurance Industry Standardization Technology Committee.
The 13th Five-Year Plan for the Standardization of the Chinese Insurance Industry
Preface
Standards serve as the technical support for economic activity and social development, and are the fundamental systems for national governance system and modernization of governance capabilities. Ever since the 21st century, China has achieved rapid development in standardization undertakings in insurance industry, the standards system has initially taken shape, with the scope of application gradually extended, the level being continuously enhanced and its influence being revealed step by step, and the awareness of the standardization in insurance industry has been generally raised.
Comprehensively carrying out standardization work in insurance industry, and further promoting the reform of the standardization in insurance industry, are major initiatives in implementing the Circular of the State Council on Issuing the Proposals for Deepening the Reform of Standardization (Guo Fa [2015] No.13) and the Several Opinions of the State Council on Accelerating the Development of the Modern Insurance Service Industry (Guo Fa [2014] No. 29, hereinafter referred to as the "Xin Guo Fa"). Carrying out insurance standardization work is conducive to enhancing the international competitiveness of the insurance industry, boosting business innovation, strengthening risk management, protecting the rights and interests of consumers, and improving the informatization level.
During the 12th Five-Year Plan period, the standardization work in insurance industry was closely linked with the overall goal of the reform and development of insurance industry. Driven by the needs of standardization and normalization in the reform and development of the insurance industry, the standards system has been continuously improved with a batch of standards released, while promotion of standards has been intensified to gradually enhance the influence of insurance standards. Standardization work in the insurance industry has become a powerful weapon to solve development problems, prevent and mitigate risks, regulate the insurance market and protect the interests of consumers.
The 13th Five-Year Plan period is a critical period to accelerate the formation of modern insurance services, and is also a critical period of deepening the reform of standardization in insurance industry. The standardization work in insurance industry must be conducted according to the requirements of modern insurance services, to further meet the needs of development of the insurance market in the 13th Five-Year Plan period, reform the management system, improve the work mechanism, improve the standards system and make it play a greater part in stepping up and upgrading the quality and improving efficiency in insurance industry. This Plan is made for this purpose.
I. Present situation and challenges
1. Review of the standardization work during the 12th Five-Year Plan period
The 12th Five-Year Plan period is an era when China's insurance industry has seen the most rapid development and growth in comprehensive strength, thorough breakthrough in reform innovation and significant improvement in infrastructure construction, and also a period when the service capacities, industry position and influences have been greatly improved. The standardization work has firmly adhered to the developmental tone of making progress while maintaining stability, and in line with the principle of "overall planning, laying stress on key points, giving priority to urgent needs", has made scientific planning with multiple measures under the leadership of CIRC and under the organization and promotion of China Insurance Industry Standardization Technology Committee ("CIISTC"), and with the great support of and active participation of each insurance institution. All kinds of work have been steadily advanced and achieved a fruitful outcome in general in the insurance standardization.
Improve insurance standards system and steadily propel standards formation. The major focus on technical standards for the 11th Five-Year Plan period has been shifted to equal emphasis on business, management standards and technical standards, the results of which have promoted the rapid, healthy and normalized development in insurance industry of each layer and in each sector. The number of insurance industrial standards has substantially increased with the standards system being improved continuously. During the period of the 12th Five-Year Plan, 11 items of finance industrial standards have been drafted by CIISTC and officially issued by CIRC, including five newly formulated ones and six revised ones. As of May 2016, a total of 31 amendments (times) to industry standards have been made, among which 23 items of standards are formulated and eight items (times) of which are revised. The standards cover insurance business, customer service, information technology, data exchange, and many other areas. A set of insurance standards system has been formed conforming to the needs of the development of China's insurance industry.