After the auto insurance reform was officially implemented on September 19, the car owners who have recently renewed the insurance have already felt the changes before and after the reform.
According to the original intention of the reform, the goal of this reform is to reduce price, increase insurance and improve quality. In the short term, we should achieve three basic principles for consumers: price basically does not rise, and the guarantee is basically increased and service is basically excellent and not bad - that is, in the legend, increase quantity without price increase. According to the industry general forecast, the scale of automobile insurance premium will drop between 15% and 20%.
Although the sample size of the questionnaire is not large, the interview with the car owners who have recently renewed the insurance insurance shows that the owners have different feelings about the decrease of the actual premium. Some people continue to decrease the premium because they havent been out of danger for three years. Some peoples premium this year is lower than that of last year, but because the rebate has been cancelled, the actual cost has also increased. In addition, some people have increased the items of vehicle damage insurance, and the premium is higher than last year Now it is promoted.
Others complained on social networks that their car damage insurance was bundled with a bunch of previously unselected protections, leading to higher premiums.
How about the actual implementation of the new auto insurance? Is the owner of the price increase individual or representative? According to an interview with a Chinese reporter from a securities company, although the basic rate of the new auto insurance has been lowered, it does not mean that all car owners can save the premium. On the one hand, the coverage and amount of some types of insurance have increased. On the other hand, the independent pricing factors of insurance companies have changed compared with those before, and the factors affecting the premium have also increased.
On September 7 this year, the China Association of Actuaries released a new version of the benchmark pure risk premium table for commercial vehicle insurance. The net risk premium rate of new car insurance in 2020 is about one-third lower than that of the old one.
The decrease of the risk rate of the new auto insurance reflects the improvement of the road traffic conditions, the reduction of the accident rate and the improvement of the risk control ability of the insurance industry in recent years, which will bring tangible benefits to car owners. The new premium rate provides a price reduction space for vehicle insurance, and also provides an actuarial basis for the goal of reducing the premium of vehicle insurance reform. But why cant some people feel this strength?
This has to start with the car insurance reform program. The main changes of the new auto insurance are as follows:
1. The total liability limit of compulsory traffic insurance is increased from 122000 to 200000;
2. The third party liability insurance has increased from 50-5 million yuan to 100-10 million yuan;
3. the liability for vehicle damage insurance has been expanded, including theft and rescue, glass breakage, self ignition, engine water inflow, no compensation free, designated repair plant, and third party insurance not found;
It is not difficult to find that after the reform, vehicle insurance has been significantly improved. If we follow the risk rate in the past, the premium will certainly rise a lot, but under the new rate, the increase is not obvious, to a certain extent, we have achieved no increase in volume.
For example, in the past, seven additional items, such as theft and rescue, glass breakage, spontaneous combustion, engine water intrusion, no deductible, designated repair shop, and unable to find a third-party insurance, are now packaged into the vehicle damage insurance. For those who have previously purchased additional insurance, the price is indeed reduced, but for those who did not buy additional insurance before, passive additional will not reduce the price Obviously, there may even be a rise.
Whether the scope of vehicle damage insurance should be expanded has always been controversial in the industry. Some people think that in order to improve the user experience of car owners and reduce the impression of no compensation for this or no compensation for that in vehicle insurance, the risk of glass breakage and spontaneous combustion should be included in vehicle damage. However, some people think that commercial vehicle insurance and compulsory traffic insurance are different. They follow the principle of voluntary purchase, and should give consumers the right to choose, so as to avoid the package sales of cold category insurance.
Many factors can lead to higher premiums
Commercial insurance premium = benchmark premium u00d7 rate adjustment coefficient, of which rate adjustment coefficient includes three items, namely, no compensation preferential coefficient (no accident in this year, discount in next year), traffic violation coefficient and independent pricing coefficient (defined by each company according to the judgment of risks to people and vehicles).
A 4S store source told reporters that after the car reform, the premium is related to more than 70 risk factors, such as the owners gender, age, driving age, credit investigation, whether the drivers license is deducted, and whether there are claim settlement records. Drivers age, gender, driving habits and vehicle type will affect the premium.
A property insurance company in charge of Guangdong told reporters that from the situation of the new auto insurance, the change of risk factor adjustment has a greater impact on the premium. The orientation of the car reform is to let the car owners who have good behavior habits and less claim times have lower premium, and those who have more compensation records increase faster.
The difference between different car models after the reform. The model factor is divided into 30 grades. For the models with low accident rate and low maintenance cost, the benchmark pure risk premium has decreased compared with the previous ones; because of the high zero to integer ratio and high maintenance cost, luxury models have been upgraded in the model classification of the reform, and the commercial insurance will also have a relatively obvious growth.
In the reporters interview, many car owners said that this years commission rebate did not have or reduced. The above 4S store staff also said that this year, the channel will directly change the rebate to reduce the premium. Some car owners found that after the rebate income is removed, the actual premium paid this year is higher than that of last year.
Why is it easy to rise but difficult to decrease?
At present, Chinas car ownership has reached 260 million, and vehicle insurance is the largest business in the property insurance market. The problems of high pricing, high handling charges, extensive operation, disordered competition and data distortion have been intertwined for a long time. The reform of vehicle insurance in 2020 will be more intensive, and it will be positioned as comprehensive reform and all-round reform.
Some observers have pointed out that the reform plan of increasing the quantity without increasing the price has water injection in the implementation. In some places, the insurance company has set the floor price at about 10%, which is far higher than the maximum discount of 6.5% allowed in the scheme.
It is not easy to promote the comprehensive reform of automobile insurance with the main goal of protecting the rights and interests of consumers and making profits for car owners. It is not easy to promote the comprehensive reform within the insurance industry, and it is facing several pressures.
First of all, the insurance company will face the impact of the decline of premium after the reduction of vehicle insurance rate. Once the scale of premium decreases, the expenses that can be obtained from the sales channels of automobile insurance will be reduced, and the Commission of sales personnel will also be reduced accordingly. It is expected that after the reform, the scale of the industrys premium may decline to a certain extent, and the phenomenon of industrial underwriting loss may appear in a period after the reform.
In order to avoid the decline of income and loss, commercial insurance companies and sales channels carry out premium protection war, and take measures to increase the insurance rate and increase the insurance amount to stimulate business. Some people worry that under the guidance of premium, in order to pull business, the phenomenon of high rate and high rebate in the industry may rise again.
The scale of premium is the interest of the industry, which is also why the premium is always easy to rise but not easy to fall, making the owner of the car become the difficulty of every car insurance reform.
However, reform has always been pushed forward in obstacles. In this car reform, the benefit of car owners is obvious. After the insurance coverage is increased, the risk can be more effectively offset. After the coverage is increased, the consumption experience of vehicle insurance will be better.
For insurance companies and intermediary channels, after the baptism of this round of vehicle insurance reform, the property insurance industry needs to actively adapt to the changes in the new market, strengthen cost control, and strengthen physical fitness, so as to usher in high-quality development.
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