TapTechNews September 27th news, today the Information Office of the State Council held a regular briefing on State Council policies to introduce the relevant situation of the Several Opinions of the State Council on Strengthening Supervision, Preventing Risks and Promoting the High-Quality Development of the Insurance Industry which was released on September 11th.
At the meeting, Yin Jiangao, director of the Property Insurance Regulatory Department of the Financial Regulatory Administration, said that the Financial Regulatory Administration will take the new energy vehicle insurance as an entry point and continue to promote the comprehensive reform of vehicle insurance. According to statistics, there are currently about 440 million motor vehicles (approx. 273.59 million in US units) in China and about 530 million motor vehicle drivers (approx. 353.33 million in US units), and the vehicle insurance premium last year was 877.9 billion yuan (approx. $125.97 billion). From this data, the extensiveness of vehicle insurance can be seen.
Specifically, it will study optimizing the range of the autonomous pricing coefficient of new energy vehicle insurance, exploring the combined product of private cars and online ride-hailing operation, and discussing the risk-sharing mechanism of high-claim vehicles, and strive to solve the current key problems. Optimize the new energy vehicle insurance rate through retrospective data. Work with relevant departments to promote information sharing and promote the reduction of the operating cost of new energy vehicle insurance.
To solve some problems of new energy vehicle insurance, the key is to reduce the operating cost, such as reducing the claim rate and the maintenance cost. Yin Jiangao said.
According to TapTechNews' previous report, the Opinions proposed to continuously deepen the reform in key areas: Improve the product pricing mechanism and strengthen the application of actuarial techniques. Promote the transformation and upgrading of products and support the development of floating-income insurance. Deepen the comprehensive reform of vehicle insurance with a focus on new energy vehicle commercial insurance.