Sino-Singapore Jingwei, May 22 (Wei Wei intern Hu Jingrong) The mortgage repayment can be deferred, and the auto insurance can be deferred?

Under the epidemic, this is a question in the minds of many car owners.

  Recently, a screenshot of a car owner's appeal in Shanghai has been circulated on the Internet, which states that due to the epidemic in Shanghai, private cars cannot be driven on the road, and the risk borne by insurance is almost zero, but high insurance premiums are still charged.

His own PICC auto insurance has not notified the policy of fee reduction or extension. He believes that the risks borne by PICC do not match the benefits obtained, and he hopes that the insurance company can reduce or extend the auto insurance.

   source network

  Regarding whether there are relevant policies such as fee reduction and extension of auto insurance in Shanghai under the epidemic situation, Sino-Singapore Jingwei consulted the customer service number of PICC Property and Casualty as a customer. The staff said that they have not received relevant notices yet.

  Not only Shanghai, but Beijing, Tianjin and other places have been affected by the rebound of the epidemic recently. People in some areas remained relatively stationary, and private cars were almost stopped.

Is there a corresponding reduction policy for car insurance?

car parking premium

  "The insurance company has been urging the payment of auto insurance premiums, but I found that many cars were parked on the side of the road or in the garage and had not been moved for more than a month. In this case, the insurance company's risk rate is completely reduced, and legally It is an unequal situation." Zhang Jian, partner and director of Shanghai Haosiri Law Firm, said in an interview with Sino-Singapore Jingwei.

  Zhang Jian said frankly that since mid-March, some staff of his law firm began to be quarantined one after another.

Since April 1, no one has been allowed to go to work, and he has been working from home.

Zhang Jian's family owns two private cars. The insurance premium for each car is about 4,000 to 5,000 yuan, and the annual premium is about 10,000 yuan.

  Not long ago, he inquired about whether the insurance companies of the two cars had corresponding preferential policies, and the staff's reply was "no notification in this regard".

   Source of car data map: China-Singapore Jingwei Photo

  On May 9, Zhang Jian drafted and released a proposal called "Proposal on Extending, Reducing, and Exempting Insurance for Motor Vehicle Owners During the Epidemic Period".

In this proposal, Zhang Jian mentioned that at present, the number of motor vehicles in Shanghai is about 5 million units. The car is stuck at home and cannot be used normally.

As a result, events such as motor vehicle traffic accidents and accidental damage to motor vehicles in Shanghai have been greatly reduced, and the incidence of various types of motor vehicle insurance claims has also been greatly reduced.

  He suggested that, drawing on the experience of Wuhan in 2020 during the prevention and control of the new crown epidemic, to strengthen the support for Shanghai's policy of stopping work, production, and home isolation of motor vehicles, commercial insurance companies can appropriately extend the coverage of compulsory motor vehicle traffic insurance and commercial motor vehicle insurance policies. Period, or on the premise of not lowering the insurance compensation standard in the new insurance year, appropriately reduce the insurance premiums of motor vehicle owners, reduce the economic burden of motor vehicle owners, and the whole society will work together to tide over the difficulties.

  Zhang Jian said that the basis for this initiative: First, the Shanghai Banking and Insurance Regulatory Bureau issued the "Notice on Adhering to the People First and Doing a Good Job in Financial Support for Anti-epidemic and Resumption of Work and Production", one of which is to encourage the expansion of insurance liability.

Insurance institutions are encouraged to support enterprises and people who have been severely affected by the epidemic to tide over the difficulties by reducing fees and giving profits, appropriately delaying the payment of premiums, expanding responsibilities for new coronary pneumonia, and giving away insurance policies.

  The second is Article 533 of the Civil Code of the People's Republic of China.

After the establishment of the contract, if the basic conditions of the contract have undergone major changes that cannot be foreseen by the parties at the time of entering into the contract and are not considered commercial risks, the continued performance of the contract will be of great benefit to one of the parties. If it is obviously unfair, the party adversely affected may renegotiate with the other party;

if the negotiation fails within a reasonable time limit, the parties may request the people's court or arbitration institution to modify or rescind the contract.

The people's court or arbitration institution shall, in light of the actual circumstances of the case, modify or terminate the contract in accordance with the principle of fairness.

precedent

  In fact, as early as the beginning of the outbreak in 2020, the insurance industry has noticed this problem.

  On February 10, 2020, the Property and Casualty Insurance Department of the China Banking and Insurance Regulatory Commission issued the "Notice on Doing a Good Job in Auto Insurance Services During the Prevention and Control of the New Coronary Pneumonia Epidemic" to various property insurance companies, the Insurance Association of China, and China Banking Insurance Information Technology Co., Ltd. ", one of the recommendations in the notice is, "The Insurance Association of China should advocate the property and casualty insurance industry to fully cooperate with Hubei Province's motor vehicle suspension policy. The protection period of the effective compulsory traffic insurance and commercial vehicle insurance policies of all property insurance institutions will be automatically extended by one month or an appropriate time, and relevant operating rules will be formulated at the same time.

  On March 4 of that year, the Hubei Insurance Industry Association issued the "Implementation Rules for Automatic Extension of Vehicle Insurance Periods in Hubei during Epidemic Prevention and Control", extending the period of some vehicle insurance in Hubei Province.

In accordance with the spirit of relevant documents, the insurance period of compulsory motor vehicle traffic insurance and commercial motor vehicle insurance policies valid from January 23, 2020 to the end of epidemic prevention and control will be extended.

  Based on the calculation of auto insurance premiums in Hubei, the China Banking and Insurance Regulatory Commission stated that

insurance companies in Hubei will appropriately extend the coverage period of all valid auto insurance policies from January 23, 2020. Based on the estimated extension period of 1.5-2 months, the cost of auto insurance premiums will be reduced by about 37%. 100 million to 5 billion yuan.

  "The customer's mood can be understood, but as a commercial entity, insurance companies cannot unilaterally modify the contract." A relevant person in charge of a property insurance company said in an interview with Sino-Singapore Jingwei that when the epidemic broke out in Wuhan in 2020, the regulator required all The policy is extended for one month, which requires the relevant departments to issue relevant opinions.

  The relevant person in charge of a branch of a property insurance company in a city in the north said that after the auto insurance premium was changed, the premium has been very low. Now the insurance company itself has high costs, and 90% of the property insurance company's auto insurance business is in a loss state. Not having a car for a month may only relieve a little cost pressure for insurance companies.

  However, she also mentioned that her

insurance company stipulates that as long as customers take out the insurance for no more than one to three months, it basically has no effect on the next year's insurance. Therefore, some customers will choose to take out the insurance first if they don't need their car temporarily.

  Zhu Junsheng, research director of the China Insurance and Pension Research Center of the PBC School of Finance, Tsinghua University, said in an interview with Sino-Singapore Jingwei that the pricing of insurance should match the risk. Recently, many people stay at home and do not drive. In this case, the risk is There's also going to be a big drop, there's going to be less payouts, so there's been some changes to the pricing basis of insurance, which obviously benefits insurance companies.

Therefore, considering the interests of consumers, it is more appropriate to refund part of the premium or give a discount to the next premium from the perspective of pricing rationality.

What difficulties exist?

  Industry insiders believe that, unlike when Wuhan "closed the city", it is still difficult for car owners in Shanghai and other cities to confirm that their vehicles are not being used due to the epidemic.

  In an interview with Sino-Singapore Jingwei, Dong Dengxin, director of the Institute of Finance and Securities at Wuhan University of Science and Technology, pointed out that the insurance contract is pre-agreed and actuarial. If the risk is reduced, the probability of risk accidents will also be reduced. Therefore, in theory, it makes sense for insurance companies to launch corresponding preferential policies. However, in actual operation, it is difficult and inconvenient for insurance companies to change the contract.

"The key to the problem is to prove that private cars are not used during the epidemic, or are parked in the garage, which proves that the cost is too high and it is difficult to operate."

Dong Dengxin told Sino-Singapore Jingwei.

  Dong Dengxin mentioned that Wuhan will be "closed" in 2020, and vehicles will not be able to drive.

Now many cars are registered in A, used in B, and even insured in C, which makes it difficult to track the trajectory.

  In addition, the practice of returning premiums also has difficulties in actual operation.

"If the premium is refunded, to whom, and how much, this involves the issue of fairness among the insured, and it is necessary to know the mileage and usage of the vehicle. But many insurance companies don't actually understand it, or don't include it in it. To the scope of information, this is a difficult point in actual operation." Zhu Junsheng said.

  From the perspective of the subjective wishes of insurance companies, Guo Jinlong, director of the Insurance and Economic Development Research Center of the Chinese Academy of Social Sciences, mentioned that this actually involves the change of insurance contracts.

"Like a one-year auto insurance is a short-term insurance, insurance companies are generally reluctant to change during the validity period of the contract." Guo Jinlong said.

  He further pointed out that due to the severe impact of the epidemic in recent years, insurance companies have also faced greater operational difficulties and pressures. When motor vehicles are stopped, their policy compensation rates are low, but there are still some special circumstances where the compensation rate is high.

For example, in the flood disaster caused by the heavy rain in Henan last year, the auto insurance business will definitely lose a lot.

Therefore, in this case, if the insurance company is willing to extend the insurance, or refund part of the premium, it is also possible for both parties to the contract to reach such a contract voluntarily, but it may be difficult to change it under normal circumstances.

  Guo Jinlong said that for car owners, there is no danger of private cars under home isolation and other conditions. Considering social needs and consumer interests, the regulatory authorities encourage insurance companies to moderately delay premium payment time to help people in difficulty overcome difficulties. It reflects the positive role of the regulatory authorities in the fight against the epidemic.

Some insurance companies may respond to the encouragement of regulatory authorities, while others may maintain their original status, because the performance of many insurance companies has experienced a significant decline since last year, and insurance companies are also under greater operating pressure.

  Yang Zeyun, a teacher from the Department of Finance of the School of Management of Beijing Union University, told Sino-Singapore Jingwei that from a fair point of view, if the vehicle does not start, the risk is greatly reduced, and the insurance company should postpone it.

But from another perspective, he believes that for insurance companies, even if the insurance is not extended, it is not a default.

Moreover, although there is no travel during this period, but other accidents such as rainstorms, the insurance company will still be liable for compensation.

  According to Hao Yansu, a professor at the School of Insurance, Central University of Finance and Economics, insurance companies are commercial institutions and may not be willing to take the initiative to reduce or extend insurance premiums

. Once an insurance company takes the lead, whether other small and medium-sized insurance companies can afford it should also be considered.

There are more than 80 insurance companies operating auto insurance in China, but the top 10 insurance companies account for about 70% of the entire auto insurance market.

Therefore, he believes that leading auto insurance companies can take the lead in making profits in accordance with regulatory requirements.

Insurance companies may wish to take a long-term view

  However, many industry insiders also pointed out that from a long-term business perspective, insurance companies can still introduce some preferential measures such as extending the insurance period to enhance customer favorability and brand image.

  "Under the conditions, insurance companies should try their best to provide more benefits and support to consumers. From the perspective of the insurance company's own long-term operation, these benefits can actually retain customers, increase market share, and enhance the company's brand. The image has a positive effect." Guo Jinlong said to Sino-Singapore Jingwei.

  Dong Dengxin mentioned that from the overall actuarial point of view, if an insurance company can bear certain losses within a certain range, it may wish to consider the overall situation and give the policyholders appropriate discounts. It does not mean that the accident rate will increase by how much.

  "If the insurance company doesn't care where the car runs and where it is registered, as long as you buy local insurance, you can extend the insurance period appropriately. This approach is relatively simple and more humane." Dong Dengxin said.

  Yang Zeyun believes that as an insurance company, the vehicle and vessel use tax collected and paid on behalf of the insurance company, as well as the compulsory insurance and other parts, can be issued with corresponding policies.

For example, in the 2007 and 2008 Beijing Olympics, odd and even numbers were restricted, and auto insurance premiums were not reduced or exempted, but the insurance premiums for compulsory traffic insurance were reduced or exempted.

  Hao Yansu said that the regulatory authorities can convene insurance companies to discuss together, formulate a relatively implementable policy, and make some arrangements for these problems, so that auto insurance companies can solve some problems in a reasonable state.

  Zhu Junsheng concluded that from the perspective of fairness between insurance companies and policyholders, as well as between different policyholders, the rate determination must match the risk, so that it will be fair and reasonable. This is a direction and trend. , the insurance industry does have room for improvement.

(Sino-Singapore Jingwei APP)

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