Property and casualty insurance company underwriting management system, insurance company accounting

<>p>1, insurance or key business accountants need to deposit a certain amount of liability reserves for part of the insurance contract in proportion.

2. The profit calculation of insurance enterprise accounting is different from the profit calculation of general enterprises.

3. The focus of the year-end accounts of insurance enterprises is the estimation of corporate liabilities.

Insurance enterprise accounting refers to a kind of industry accounting that takes the insurance enterprise as the accounting subject and then takes the corresponding object as the object to carry out the work, in which the object of insurance accounting refers to the insurance business activities or insurance capital movement that can be expressed in the form of value. Compared with general enterprise accounting, insurance enterprise accounting also needs to be accounted for in accordance with the provisions of the Accounting Standards for Business Enterprises, and the accounting subjects applicable to it are different from general enterprise accounting.

1. When the enterprise confirms the premium income of the original insurance contract:

Borrow: Ceded premium.

Credit: Reinsurance accounts payable.

2. When the enterprise determines the amount of compensation to be paid:

Debit: reinsurance receivables.

Credit: Amortization of compensation expenses.

When an enterprise confirms the premium income of the original insurance contract or determines the amount of compensation to be paid, it can be handled through the "ceding premium" account and the "amortized compensation expenses" account, where the "ceding premium" account is mainly used to calculate the amount of premiums ceded by the reinsurance ceding enterprise to the reinsurance recipient, and the "amortized compensation expenses" account is mainly used to calculate the amount of compensation costs amortized by the reinsurance ceding enterprise to the reinsurance recipient.

Insurance enterprise accounting refers to a kind of industry accounting that takes the insurance enterprise as the accounting subject and then takes the corresponding object as the object to carry out the work, in which the object of insurance accounting refers to the insurance business activities or the movement of insurance funds that can be expressed in the form of value.

Insurance enterprises are economic organizations that mainly operate insurance business, and the insurance business of enterprises as a special business is essentially to establish insurance with concentrated insurance premiums, and then use it to compensate for economic losses caused by accidents other than natural disasters or to pay insurance benefits to individuals such as death and disability.

Compared with general enterprise accounting, insurance enterprise accounting also needs to be accounted for in accordance with the provisions of the Accounting Standards for Business Enterprises, and the accounting subjects applicable to it are different from general enterprise accounting.

Legal analysis: In accordance with the regulatory requirements of the China Insurance Regulatory Commission, insurance companies are responsible for license applications, report submission and other related matters in various provinces, Ziqing Pengzhi districts and municipalities directly under the Central Government. If an insurance company has already established a branch in a province, autonomous region or municipality directly under the Central Government other than its place of residence, it shall designate one of the branches as a provincial-level branch.

If an insurance company sets up a branch in a city specifically designated in the state plan, it shall designate a branch to be responsible for license applications, reports, promotion and other related matters in the city specifically designated in the state plan in accordance with the regulatory requirements of the China Insurance Regulatory Commission. Where a provincial-level branch is established in a city specifically designated in the state plan, the provincial-level branch shall be responsible for the matters provided for in the preceding two paragraphs at the same time.

Legal basis: Insurance Law of the People's Republic of China

Article 67 The establishment of an insurance company shall be subject to the approval of the insurance regulatory authority. When examining an application for the establishment of an insurance company, the insurance regulatory authority shall take into account the development of the insurance industry and the need for fair competition.

Article 68 The following conditions shall be met for the establishment of an insurance company:

1) The major shareholders have sustained profitability, good reputation, no record of major violations of laws and regulations in the last three years, and net assets of not less than RMB 200 million;

2) Have articles of association that comply with the provisions of this Law and the Company Law of the People's Republic of China;

3) Have registered reputation capital that complies with the provisions of this Law;

4) Directors, supervisors and senior management personnel with professional knowledge and business work experience;

5) Have a sound organizational structure and management system;

6) Have a business premises and other facilities related to the operation of business that meet the requirements;

7) Other conditions stipulated by laws, administrative regulations and insurance regulatory authorities.

Legal analysis: In accordance with the laws and regulations of the People's Republic of China, in accordance with the Insurance Law of the People's Republic of China and the Regulations of the People's Republic of China on the Administration of Foreign-funded Insurance Companies (hereinafter referred to as the "Regulations"), these detailed rules are formulated.

Legal basis: Detailed Rules for the Implementation of the Regulations of the People's Republic of China on the Administration of Foreign-funded Insurance Companies

Article 1 These detailed rules are formulated in accordance with the Insurance Law of the People's Republic of China and the Regulations of the People's Republic of China on the Administration of Foreign-funded Insurance Companies (hereinafter referred to as the "Regulations").

Article 2 The term "foreign insurance company" mentioned in the "Regulations" refers to an insurance company registered and engaged in insurance business outside China.

Article 3 Where a foreign insurance company and a Chinese company or enterprise establish a joint venture insurance company (hereinafter referred to as a joint venture life insurance company) to engage in life insurance business within the territory of China, the proportion of foreign capital shall not exceed 51% of the total share capital of the company. Where the China Banking and Insurance Regulatory Commission (hereinafter referred to as the CBIRC) provides otherwise, its provisions shall apply. The shares of a joint venture life insurance company directly or indirectly held by a foreign insurance company shall not exceed the proportional limit provided for in the preceding paragraph.

Article 4 Where a foreign-funded insurance company has at least one insurance company in normal operation as the main shareholder, and the equity is changed, at least one insurance company in normal operation shall be the main shareholder after the change. Major shareholders refer to the shareholders with the largest shareholding ratio, as well as other shareholders who have a significant impact on the company's operation and management as stipulated by laws, administrative regulations, and the China Banking and Insurance Regulatory Commission. The shareholding ratio of shareholders and their related parties and persons acting in concert is calculated on a consolidated basis.

Safety management regulations of insurance companies:

1.20% of the registered capital of the insurance company must be deposited as a security deposit in a bank designated by the state;

2.The insurer must draw a liability reserve based on the full net value of the life insurance policy;

3.The insurance company must withdraw the insurance coverage as required**;

4.The risk liability of the insurance company for each insured accident must be controlled within a certain range;

5.There are strict restrictions on investment by insurance companies;

6.Even if an insurance company is unsustainable, the state will appoint other insurance companies to continue to bear the responsibility and never let the interests of customers be harmed;

7.Always accountable to the customer is the foundation of the insurance company's survival.

Article 68 of the Insurance Law stipulates that the establishment of an insurance company must meet the following conditions: the major shareholders must have sustained profitability, good reputation, no record of major violations of laws and regulations in the last three years, and net assets of not less than RMB 200 million.

Articles 89 and 92 of the Insurance Law: If an insurance company is revoked or declared bankrupt in accordance with the law, the life insurance contract and liability reserve held by it must be transferred to another insurance company. If the transfer agreement cannot be reached, the company designated by the insurance regulatory authority shall accept the transfer.

Article 97 of the Insurance Law: An insurance company shall withdraw a deposit of 20% of its total registered capital and deposit it in a bank designated by the insurance regulatory authority, and shall not use it except for the liquidation of the company to pay off debts.

Article 98 of the Insurance Law: An insurance company shall, in accordance with the principle of protecting the interests of the insured and ensuring solvency, draw various liability reserves.

Article 100 of the Insurance Law: All insurance companies are required to pay insurance protection**, which is used to bail out insurance companies when they are cancelled, bankrupt, in major crises, and in situations that may endanger the public interest and financial stability.

The China Banking and Insurance Regulatory Commission (CBIRC) has strict regulations and supervision on the safety of insurance companies, and there is essentially no substantial failure of insurance companies in Chinese mainland. I hope mine can help you, you don't understand insurance, feel free to ask me.