China News Service, March 5. According to the website information of the China Insurance Regulatory Commission, the China Insurance Regulatory Commission recently issued the "Opinions on Accelerating the Accident Insurance Reform" (hereinafter referred to as "Opinions"). The "Opinions" proposes that it takes two years to reverse the chaotic situation of the accident insurance market and lay a solid foundation for the construction of a standardized and orderly structure, a wide range of service areas, and generally recognized by the society.
China Banking and Insurance Regulatory Commission (data map).
The "Opinions" are divided into five parts. The first part is the general requirements for accident insurance reform, including the guiding ideology, basic principles and main goals; the second to fourth parts are the reform tasks in 2020 and 2021, including the promotion of market-based pricing reform 2. Strengthen the supervision of market behavior and consolidate the foundation for development. The fifth part is related work requirements.
The "Opinion" emphasizes that it takes two years to reverse the chaotic situation of the accident insurance market and lay a solid foundation for the construction of a standardized and orderly structure, a wide range of services, and a society generally recognized accident insurance market. By the end of 2020, the market-oriented formation mechanism for accident insurance rates will be basically established, the development environment will continue to be optimized, and product supply will be more abundant. By the end of 2021, the mechanism for the marketization of accident insurance rates will be basically complete, the standardization level will be significantly improved, the market structure will be more standardized and orderly, the service area will be more extensive, and the general public will be more recognized.
The Opinions clarified the main tasks for accelerating the reform of accident insurance, and according to the work responsibilities, the reform tasks were decomposed into relevant departments and agencies of the CBRC.
The first is to promote market-based pricing reform. It mainly includes improving the accident insurance actuarial system, establishing a retroactive adjustment mechanism for product prices, compiling accident rate tables, and vigorously promoting independent product innovation.
The second is to strengthen supervision of market behavior. It mainly includes centralizing and rectifying outstanding market problems, improving market behavior supervision systems, establishing and improving information disclosure mechanisms, and strengthening anti-insurance fraud.
The third is to lay a solid foundation for development. It mainly includes strengthening and improving supervision, accelerating standardization construction, and establishing a long-term cooperation mechanism against insurance fraud.
The Opinions are of great significance to deepening the accident insurance market reform, improving the ability of accident insurance to serve the economic and social development, and enhancing the general public's sense of gain.
In order to clarify the direction of supervision and release the signal of reform, since July 2019, the CBRC has continued to carry out accident insurance inspections on online loan platforms such as cash loans and borrower accident insurance rectification. The branch has adopted measures such as regulatory talks and public notification of criticism. In the next step, the CBRC will organize the implementation of the "Opinions" to ensure that various reform measures are implemented, so that the results of the reform will be more fair and benefit the broad masses.