Perfect Chinese Insurance Regulation Institutions after the Expiring of Transition Period for China's Enter into the WTO

The insurance regulation authority,which has the function of institutions supplying,can make up the defects of market.While regulation institutions sometimes can't attain the best level,both excess or in short.After the expiring of transition period for China's entering into the WTO,Chinese insurance regulation institutions face challenges such as market competition turning rigorous,rate of premium freeing,management synthesizing,internationalization of regulating rules.Therefore,the regulation authority should innovate regulatory institutions,perfect regulation system,enhance the building of reputation system,cultivate self-discipline mechanism,promote insurance innovation,so as to achieve the institutional balance of insurance regulation.