保险综合经营 历史经验, 重要启示与未来发展.pdfVIP

保险综合经营：历史经验、重要启示与未来发展 李心愉（北京大学经济学院，北京 100871） ［摘要］本文从历史纵深的视角，通过分析和比较国际金融综合经营制度不同演进模式的形成原因、 特点和影响，以及中国金融综合经营的探索、改革实践，得出了对于选择综合经营战略和集团化经营模式 的保险公司的未来发展具有十分重要的启示：金融综合经营是大势所趋，保险业应顺应历史趋势、把握契 机以赢得发展机遇。但同时必须认识到，综合经营的根本目标是寻求规模经济和范围经济，实现资源整合 和协同效应，根据自身特点确定综合经营的发展目标和模式，杜绝盲目跟风是保险综合经营成功的关键， 而尊重现实、鼓励创新并适时转变监管理念和方式，政策支持、政府推动是保险综合经营突破制度障碍、 谋求发展的重要保障。 ［关键词］综合经营；演进模式；金融创新；保险控股公司；金融监管 ［中图分类号］F840.32［文献标识码］A［文章编号］1004-3306（2008）08-0010-04 Abstract：From a historical perspective, this article discussed and compared the causes, characteristics and impacts of various evolution patterns of financial comprehensive operation systems in different countries. It also analyzed China′s experimentation with financial comprehensive operation, and then drew the conclusion that it was very important for China′ s insurance companies to embark on comprehensive operation and build up a holding company structure. Comprehensive operation among financial industry is an inevitable trend, therefore, Chinese insurers should grasp the historical opportunity to further their development in this direction. However, we should also be aware that the purpose of comprehensive operation is to enlarge scale of economy and scope of economy and achieve a synergy effect. Insurance companies should set their development goals and patterns of comprehensive operation according to their own characteristics and not blindly follow the others. Moreover, Chinese government should encourage innovation and conceptual change and be supportive towards comprehensive operation to ensure sound development of the insurance industry. Key words：comprehensive operation; evolution pattern; financial innovation; insurance holding company; financial supervision 改革开放以来，尤其是 20 世纪 90 年代中期以后，随着金融机构的业务发展和金融风险的出现，中国 的金融业开始实行银行、证券、保险分业经营的体制。然而，也就在这一期间，随着 1999 年美国《金融 服务现代化法案》的通过，世界发达国家金融业综合经营趋势日益显现，这在很大程度上促进了中国金融 业对分业经营体制的反思和对金融综合经营的探索。为适应国际金融综合经营的发展趋势，中国《国民经 济