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Data:2009-12-12 2:34
Into a new era of auto insurance Lives, Many Masters
- Bumpy journey
Under the authority of the State Department statistics, in 2005, car ownership in China reached 35.63 million. In 2010 is expected to reach 56.69 million, of which retain the amount of cars in 2007 will exceed 21 million ... ...
Property insurance auto insurance has always been the first major insurance throughout the property insurance market, the auto insurance business occupies a pivotal position, its operating efficiency will affect the property insurance company's survival and development. Precisely because of this, our auto insurance business from its inception to stop and then to re-run, from the flat rate to the difference in business and then to re-unification has experienced a period of ---
Past: reunification is the main theme of
Prior to 1980, in the last century, the early 50s, shortly after the founding of New China, when the Chinese People's Insurance Company regarding the setting up of the auto insurance business, however, soon appeared on this insurance dispute. Many people believe that car insurance and third party liability insurance against the perpetrators to be economic compensation would result in an increase in traffic accidents, have a negative impact on society. As a result, the Chinese People's Insurance in 1955 stopped the auto insurance business.
Until the mid-70s, in order to meet national embassies and consulates and other foreign-owned cars on the insurance needs of the Chinese people began to apply for insurance to foreign-based auto insurance business operations.
In 1980, the full restoration of the domestic insurance business in China, the Chinese People's Insurance is also the full restoration of auto insurance business in order to meet the domestic units and business auto insurance needs.
1980-2001 years, since 1980 since the resumption of auto insurance business, all insurance companies to implement a unified auto insurance rates and terms. In November 1983 to include all types of auto insurance business united in a motor vehicle under an insurance policy has since been a number of changes and adjustments.
July 1, 2000 start of the auto insurance terms of version, the China Insurance Regulatory Commission granted the presence around the body has a floating rate of 30% of the power to approve, indicating that the management authorities started to pay attention under the conditions of different regions of similar products in the market differences.
However, analysis of market conditions, when the enactment of the provisions of market segments from the international auto insurance industry, the four basic principles --- "From the car, from the people, from the use, from the region" there is a great difference.
China on December 11, 2001 accession to WTO, China Insurance Regulatory Commission in response to accession to WTO challenge of the insurance industry, in the same year, October 1 announced that auto insurance rates in Guangdong reform. December 18, 2001, the first in Guangzhou Huatai Insurance Company announced the introduction of a new auto insurance rates. Auto insurance rates for market-oriented reforms thus started.
This life: to bring vitality of market-oriented
January 1, 2003 management system reform in China after the implementation of auto insurance, auto insurance rates from the original terms of the government to develop a unified direction to a market-oriented changes, insurance companies, according to their management level, vehicle risk conditions, the owner of record of safe driving such as "Truck, with the people" factor, self-development and design personalized products.
The auto insurance market development in this period, the overall look has the following major features:
From the "blind obedience to cut prices" to "rational management" due to years of inertia in terms of using the Commission awarded, along with insurance rates set by the valid data accumulation is insufficient, the beginning of auto insurance reform, companies are still fighting for market share Lord, excessive use of pricing as a means to participate in market competition, resulting in an overall lower market rates.
By 2003 more than six months of market practice, auto insurance loss ratio has grown dramatically. In order to avoid a loss of auto insurance business, some market players started to adjust its business structure and continuous adjustment of auto insurance auto insurance rates. Pacific Insurance Property and Casualty Insurance and Ping An Property & Casualty in August 2003 began to adjust auto insurance business structure and take the initiative to abandon the low-margin business; PICC Property and Casualty Insurance from auto insurance coverage in 2004 strict conditions, forced to adjust auto insurance business structure. In 2004, with "The People's Republic of China on Road Traffic Safety Law" (hereinafter referred to as "Road cross-Law") and the new personal injury compensation standards for the implementation of, all insurance companies have increased the rate of the three risk adjustment is as high as about 10%.
"Exclusions" appears after the auto insurance reform, auto insurance market, the highest frequency of the word than the "exclusions." Consider from their own operate in a stable, individual insurance companies for high-risk models have to be a "special care", Chuxian too many times and a variety of models of vehicles are a result of insurance company "to improve underwriting conditions, strict underwriting procedures" and Paul refused.
In view of this situation, the CIRC issued a do not allow insurance companies refused insurance coverage in high-risk vehicles and auto insurance rates up to as high as 30%, 20% of the new provisions to float downward. China Insurance Regulatory Commission this provision, many insurance companies into a dilemma: an underwriting loss certainly does not cover another violation of regulations. Auto insurance reform and what it is today, the insurance company's operational efficiency and social benefits have created a sharp conflict.
Products "personality" of rates for market-oriented reforms since the insurers have to market needs, customer groups broken down, tailored to introduce a variety of personalized high-quality auto insurance products, premiums rise or fall. Consumers of insurance, risk segmentation-based auto insurance product launches are conducive to low-risk customers can better embody the principle of fairness; to insurance companies through the breakdown of the different risk-risk customers to develop differences in fees the rate is conducive to the stability of the insurance business.
Problem: lack of mandatory liability insurance
According to information released by China Insurance Regulatory Commission in 2005, China's property insurance (excluding accident insurance, short-term health insurance) premium income of more than 122.9 billion yuan, more than 598 billion yuan in 2000, a 1.1-fold, five-year average growth rate of 15.5%, while the auto insurance business maintained an average annual growth rate of 18.58%.
It should be said that China's auto insurance business has achieved significant results, but it is undeniable that there are some auto insurance business in the difficult issues, the lack of mandatory liability insurance is one of them.
"Road to pay Law" was enacted in 2003, and in May 1, 2004 implementation, Since then, China's road traffic management into the legal phase. But the surprises is that the "Road to pay Law" in the implementation process has encountered many problems, including mandatory insurance aspects of the three problems are particularly prominent:
On one hand, emphasis on "people-oriented", for a relatively vulnerable pedestrians, to provide greater protection of the interest groups under the principle of "Tao cross-Law" to require a mandatory three insurance; the other hand, when the state has not issued the corresponding implementation details, This makes the actual operating insurance companies face unprecedented pressure.
Moreover, because insurance companies operating in the commercial three risk auto insurance and the "Road to pay the Law" in the mandatory three insurance conceptual differences, therefore, in terms of legal status, terms of content, or in terms of operational procedures, business 3 those risks are and the "Road to pay the Law" in the mandatory three essentially different from responsible insurance. For a long time, the insurance industry has been in a very passive position.
In this context, March 28, 2006, the community long-awaited "motor vehicle traffic accident liability compulsory insurance regulations," has finally been made. July 1, motor vehicle traffic accident liability compulsory insurance will be formally implemented.
Reference: He could be jade stone hills
Let us first take a look at the situation the United States, auto insurance. The United States known as the "country on wheels," a high volume of car ownership. 280 million population, it has more than 270 million motor vehicles. The auto industry ahead of the U.S. auto insurance system better for China's auto insurance industry has a good learn.
In the United States, many states have passed legislation in the form of demand drivers prove their economic capacity in order to ensure that the victim after an accident can be adequate compensation. For instance, some states require that if the driver does not meet the minimum state law financial compensation provided for the requirement, it will be revoked driver's license. Many U.S. states are now regarded as a proof of financial ability to provide compensation vehicle registration prerequisites.
For such a large population in China, the United States learn from the practice of considerable significance --- the one hand, you can restrict to some extent blind growth in motor vehicles, to ease road traffic congestion; the other hand, you can ensure that the traffic from the source Accident victim compensation.
Let us gaze again to the global insurance industry pedigree country where the United Kingdom, the United Kingdom's insurance industry is the world's insurance industry has always had a pivotal role, the United Kingdom is especially true of compulsory car insurance system.
China's compulsory liability insurance compensation fund problem can learn from the United Kingdom practice --- the establishment of a high-risk insurance funds, the State Council for final adoption of high-risk populations with mandatory liability insurance car insurance funds and management of institutions run by the state special fund companies directly operate or be entrusted to commercial insurance companies on behalf of business. In addition, you can refer to the practice of the UK Motor Insurers Bureau to set up auto insurance associations or Automotive Internet, according to the operation of the agreement, the Fund by the insurer on an annual auto insurance premium income apportioned. When the perpetrator is not insured vehicle liability insurance in accordance with law or policy failure, the victim can not receive compensation from the Motor Insurers Bureau assumes responsibility for insurance in the compensation may recover the perpetrators according to law.
With the one across the water in China, Japan, the major insurance companies for the mandatory liability insurance coverage by 60% by the Ministry of Finance re-insurance, and the remaining 40% by commercial insurance companies on behalf of centralized management. This approach for solving China's current problems in auto insurance industry has a good learn.
Liability insurance system in our building process, it is essential to clearly understand that although the automobile liability insurance is mandatory insurance, but not social security. If we must accept the high-risk car insurance companies insurance groups, and the ceiling on the premium rate no restrictions, then this is probably because some people can not afford the high premiums and not road; if the premium rates set the upper limit insurance companies may be a loss, or even can not operate, so that will harm low-risk or general population the risk of driving the interest, and it will harm the public interest. Therefore, Japan should learn from this approach.
