What are the main responsibilities of Ping An Insurance Compliance Post?

Compliance work includes identifying, evaluating and monitoring possible risks in the following work: insurance business activities, including advertising, product development, sales, underwriting, claims settlement, security, anti-money laundering, customer service, customer complaint handling, etc. ; The use of insurance funds, including guarantee, financing, investment, etc. ; The establishment, alteration, merger, cancellation and strategic cooperation of insurance institutions.

Compliance is a new measure for the CIRC to require insurance companies to strengthen internal control in recent years. At present, there is no scientific management method system, and insurance companies set up compliance posts more to meet the needs of regulatory authorities. The work of the so-called compliance department of large domestic insurance companies is also groping forward.

Extended data:

The necessity of establishing compliance risk management mechanism;

Compliance risk management means that banks take the initiative to avoid the occurrence of violations, find and take appropriate measures to correct the violations that have occurred, and its post manual is also a cyclical process of continuous revision of relevant systems and corresponding practices. This compliance risk management process is the basis and core of building an effective internal control mechanism of banks.

According to the definition of compliance risk by the Basel Committee on Banking Supervision, bank compliance refers to compliance with laws, regulations, regulatory rules or standards. Traditional operational risk, credit risk and market risk may all cause losses to bank capital, but compliance risk mainly depends on whether the bank's business process is legal or illegal.

The cases of "exposure" in banks in recent years just show that the "compliance culture" in China banking industry is superficial or lacking, and the management concept of "compliance culture" is far from infiltrating into the daily management and decision-making of banks.

Baidu Encyclopedia-Compliance