According to the website of the China Insurance Regulatory Commission, according to the overall deployment of the National Insurance Regulatory Work Conference, commercial auto insurance reform is being carried out in Beijing, Hebei, Shanxi, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Jiangxi, Hainan, Guizhou, Yunnan, Tibet, Gansu, Shenzhen, Dalian, Ningbo, Xiamen and other areas under the jurisdiction of the KLOC-0/8 Insurance Regulatory Bureau.
The China Insurance Regulatory Commission said it would urge property insurance companies to fully implement the reform requirements. At the same time, the insurance regulatory bureaus strengthened post-event supervision to ensure the smooth and orderly progress of commercial auto insurance reform.
Gansu took the lead in launching the third batch of commercial fare reform.
In February, the China Insurance Regulatory Commission issued the Opinions on Deepening the Reform of Commercial Auto Insurance Clause Rate Management System, and launched the first batch of commercial auto insurance reform pilots in six regions in June of that year. The pilot areas of the initial auto insurance fee reform policy continued to increase, and the areas under the jurisdiction of 12 Insurance Regulatory Bureau were included in the pilot scope of commercial auto insurance reform.
A few days ago, the website of the China Insurance Regulatory Commission showed that according to the overall deployment of the National Insurance Regulatory Work Conference, Beijing, Hebei, Shanxi, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Jiangxi, Hainan, Guizhou, Yunnan, Tibet, Gansu, Shenzhen, Dalian, Ningbo, Xiamen and other insurance regulatory bureaus 18 insurance regulatory bureaus are carrying out related work on commercial auto insurance reform in an orderly manner. This means that the reform of commercial auto insurance rate will be rolled out in the whole country, and the marketization process of insurance rate is accelerating.
On April 29th, Gansu Province took the lead in launching the third batch of commercial auto insurance clause rate switching in the reform area. China Insurance Regulatory Commission has also approved the applications of Du Bang Property Insurance, Taiping Property Insurance, PICC Property Insurance, Ping An Property Insurance and other companies to use the comprehensive model clauses of China Commercial Auto Insurance Federation in Gansu. The China Insurance Regulatory Commission said that at present, the system is running smoothly and underwriting claims are smooth.
It is reported that Jiangxi, Zhejiang and other places have started the reform of commercial auto insurance clause rate management system, and will start the commercial auto insurance fee reform on June 1 day.
Small and medium-sized insurance companies continue to be under pressure.
Commercial fare reform has been implemented for nearly a year. Then, what is the operating situation of insurance companies in Feigai area?
"The total operating cost of the Fei-Gai area has not changed significantly, but the market competition has intensified, the cost of obtaining insurance policies has increased, and the overall auto insurance comprehensive expense ratio has increased." An insider of an insurance company said, "After the launch of the third batch of fee reform areas, the market concentration may be further improved, and the market share of the' old three' may continue to increase, and the pressure on small and medium-sized insurance companies will be more serious."
According to statistics, there were 48 unlisted insurance companies engaged in auto insurance business last year, among which 44 companies suffered losses in different degrees when operating auto insurance. The losses of unlisted insurance companies accounted for over 90%, and the total loss of auto insurance underwriting was 5.4 billion yuan. The operating conditions of property insurance companies are obviously divided. PICC P&C Insurance, Ping An Property Insurance and Taibao Property Insurance have higher profits, with a total net profit of 39.2 billion yuan. The net profit of most small and medium-sized insurance companies is very limited, and the loss-making companies are mostly joint ventures and newly established small companies.
"However, due to the intensified market competition, all insurance companies have improved their auto insurance claims services, the time limit for handling outstanding cases has been significantly accelerated, and the overall closing cycle has been significantly shortened." The person in charge of Changan liability insurance related business told the reporter of National Business Daily.
It is understood that many insurance companies, such as Taibao Auto Insurance, Ping An Property Insurance, Changan Liability Insurance, etc. , self-service claims service for small cases has been launched to improve the efficiency of claims.
It still takes time to complete the commercial fare reform.
The data show that the main purpose of the reform is to establish a market-oriented mechanism for the formation of terms and rates, so that the level of commercial auto insurance rates can better match the risks, thus better protecting the fundamental interests of the majority of auto insurance customers. But in the process of implementation, there are still many problems to be solved.
"The original intention of the commercial fare reform is to give the pricing power of insurance products to the insurance subject, and the insurance subject can independently determine the product price through the understanding and judgment of the insurance subject and risk." An employee of an insurance company told reporters that due to the harsh market competition environment, most enterprises fight the price to the end for competition, which is the so-called floor price. Most enterprises basically do not consider the risk difference of insurance policies, which makes the expectation of independent pricing impossible to realize.
It is reported that the vicious competition in the auto insurance market is very serious, and the agency fees are gradually rising, and some can account for about 40% of the operating costs. According to informed sources, in Shandong and other regions, there has even been a phenomenon of price inversion, which has disrupted the normal order of the market.
Liu Feng, director of the Property Insurance Supervision Department of the China Insurance Regulatory Commission, said that compared with before the reform, the pilot scheme of rate reform has been further optimized, and the cost competition space has been further compressed, but the current rate level does not completely match the risks. In the long run, the dynamic adjustment of pure risk scrapping will gradually give the company greater pricing autonomy, and the rate will match the risk better. By then, the problem of completely relying on cost competition will be fundamentally solved. The regulatory authorities plan to complete the reform of commercial auto insurance in 6-8 years.
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