·Three sets of auto insurance clauses or become a set of auto insurance reform ideas
The reporter recently learned that the China Insurance Regulatory Commission issued a "Guiding Opinion (Draft for Comment) on Deepening the Reform of the Commercial Vehicle Insurance Clause Rate Management System" to the insurance companies, and asked the insurance company to give feedback to the China Insurance Regulatory Commission before July 21.
For the auto insurance reform, the "Draft for Comment" stated that the industry model clause is the main body, and the innovative clauses are supplemented to establish a standardized and personalized commercial auto insurance clause system. Based on the law of large numbers, market-oriented, and granting and gradually expanding the commercial auto insurance rate of property insurance companies to determine autonomy.
It is understood that the current insurance policies for major insurance companies in the domestic market are mainly ABC three sets of auto insurance clauses, namely the terms of PICC, Ping An and Taibao. In addition, Ansheng Tianping Insurance Company (formerly Tianping Auto Insurance Company) is a separate set. Auto insurance terms.
Mr. Wang of an insurance company said in his exchanges with reporters that this "Draft for Comment" basically clarified the idea and framework of the auto insurance reform, that is, the original three sets of terms were switched to a set of model clauses, and then the insurance company It has its own ability to develop innovative auto insurance clause rates, but it is not clear when insurance companies can design their own development terms.
The "Draft for Comment" proposed that the China Insurance Industry Association should establish the collection, measurement and adjustment mechanism of the commercial vehicle insurance loss data in the property insurance industry in accordance with the requirements of the law of large numbers, and dynamically publish the commercial vehicle insurance standard pure risk premium statement for the property insurance company science. Provide a reference for determining the rate of commercial auto insurance.
The "Draft for Comment" proposes that property insurance companies should strengthen their sense of responsibility and rational management, and actively improve their risk identification, risk classification, risk pricing and risk management capabilities, and scientifically determine the auto insurance premium rate adjustment factor within a certain scope. Its adjustment standards gradually increase the flexibility and adaptability of the commercial auto insurance rate, and promote the commercial auto insurance rate level to better match the risk level of the underwriting target and the insurance company's channel cost level.
In addition, the "Draft for Comment" also stated that the insurance regulatory agency will gradually expand the commercial auto insurance rate of the property insurance company according to the development of the insurance market and the maturity of the insurance market, and finally form a highly market-oriented commercial auto insurance rate. mechanism.
Although the China Insurance Association released the commercial vehicle insurance benchmark pure risk premium table dynamically, Mr. Wang admitted that he still gave the insurance company a certain amount of space, and the insurance company could adjust some factors at the time of pricing.
In order to allow insurance companies to independently design innovative auto insurance clause rates, an insurance company Mr. Fang said in his exchanges with reporters that the China Insurance Regulatory Commission does not specify how much insurance companies have room for innovation.
Mr. Wang believes that the pricing will be based on model pricing, but because there are more domestic car models, the difficulty of auto insurance reform is here. He admits that customers with low risk in terms of auto insurance clause rates are subsidizing high-risk customers, and with the advancement of auto insurance reform, this space will be reduced and pricing will become more fair and reasonable.
At the car insurance joint meeting in June, Chen Wenhui, vice chairman of the China Insurance Regulatory Commission, also pointed out that in terms of tariffs, it should be market-oriented and give and gradually expand the insurance company's commercial auto insurance rates to develop autonomy. Since the law of large numbers is the basis for the calculation of commercial auto insurance rates, in order to prevent large pricing deviations and pricing risks of individual insurance companies, the industry should develop a comprehensive and multi-year commercial auto insurance loss rate table for the industry reference. For other components of commercial auto insurance premiums, the autonomy should be gradually handed over to market players to stimulate market vitality and encourage healthy competition.
Regarding the terms of independent innovation design of insurance companies, Mr. Fang admits that although there is no clear space for innovation in the insurance policy terms, some things will certainly not be included in insurance liability, such as some obvious illegal acts.
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