Zaiyu auto insurance reform, insurance got to understand these

March 15, the American Insurance Regulatory CommIssion officially Issued “on the adjustment of the region tell of independent pricing Auto insurance business scale” (the “Notice”).

Now, according to the MinIstry of Public Accounts, by the end of 2017, the national vehicle fleet amounted to 310 million , during which 217 million Cars. Each year, new Car and repairing exIsting vehicles Will be all kinds of Auto insurance. The cost of Auto insurance has become a major cost item of Car owners. Thus, the sound standard fee adjustment, it can be said Is related to every owner.

Although the U.S. Insurance Regulatory CommIssion has never been called many times the rate of change of the argument, but it seems the company within secure, industry standard fee changes, thIs Is indeed the third time. Now according to the information point of view, the third time fee change may gradually push the country to start with an exIsting seven pilot cities.

So, the most important change fee reform has what way?

according to “tell” the hit area of ​​commercial Auto insurance independent pricing scale adjustment of a total of seven, namely, Sichuan, Shanxi, Fujian, Shandong, Henan, Xiamen, Xinjiang.

to adjust the details of the most important Is the way to self-underwriting factor and independent pathways coefficient (premiums resolution important elements of high and low) to floating intervals (now, in the country’s largest independent underwriting, independent factor to floating interval were respectively 0.85-1.15).

After the adjustment, since the floating section above region as follows: Sichuan region of 0.65 to 1.15; Shanxi, Fujian, Shandong, Henan, Xiamen and other places are 0.7 to 1.15; Xinjiang region from 0.75 to 1.15. (These areas before adjusting, since the lower limit of the floating range of 0.85 to 1.15 range it Is now lower than the value of national scale).

After cf. difficult to find the maximum range from the floating unchanged, but a lower limit Is further lowered in different regions.

Then, after the fee change, the burden on Car owners Is increasing still reduce it? First, we need to understand the accounting methods of commercial Auto insurance rates.

Calculation method as Auto insurance rates: Premium = × reference premium rate adjustment factor (primary insurance price by the Autonomic pathways and independent underwriting coefficients, coefficients NCD (NCD coefficient) influenced by three factors. Meanwhile, former hIstory NCD coefficient primary basIs for determining the insured vehicle years Chuxian condition).

For example: Sichuan region, for example, to account in accordance with the minimum dIscount, the other elements in the same conditions, before charges premium price change from the previous 5.6 fold (0.75 × 0.75 = 0.5625) to 4.2 fold (0.65 × 0.65 = 0.4225). NCD plus three years Is not dangerous condition of the dIscount factor 0.6, three years Is not dangerous condition of the Car owners can enjoy a minimum 2.5 fold commercial Auto insurance dIscount, compared with the previous 3.3-fold and decreased by nearly 25%.

figures from the book, the owner can enjoy commercial insurance dIscount further reduced.

Let’s look at a set of data:

at the time of the second charge change (June 2017), has been to provide such a CIRC a set of data: the end of 2016, commercial vehicle Auto insurance premiums are higher than before the change fall 5.3% reduction in premiums 25 billion yuan; in 2019 the national property and secure regulatory work conference, the latest data show: the effect of changes in Auto insurance business to benefit more people , under the responsibility of the expansion of the premIse, commercial vehicle Auto insurance premiums are down 16.7% from the previous change.

aspects of the company on sound commercial vehicle Auto insurance premiums are falling under the conditions, it means that all surplus it also reduced? In fact, not at all.

U.S. Insurance Regulatory CommIssion data show: After the first pilot reform Auto insurance business started, the Auto insurance industry underwriting profitability in 2015, 2016 National Comprehensive Car insurance cost rates were 99.38% and 99.07 before the% change compared with 2013 (100.8%), 2014 (100.25%) declined steadily.

and secure company Chengbao YingThey face are expanding. From 2013 to 2016, the number of Auto insurance companies more than Cheng Baoying gradually increased from 5 9, 11, 16, faces surplus expanded from large companies to small and medium companies, the number of companies reduced losses and gradually add.

Taken together, the second time fee to change, in essence, Is the difference between the insured vehicle owners from the dangerous condition of the situation. Premium cost aspects, commercial Auto insurance rates down so-called “good owners” (not to escape from danger or escape from danger Is not safe company claims customers) Will enjoy more preferential rates, which Is equivalent to the sum insured under the guarantee Will secure the company pay more less premium, tangible benefits.

on “less good owners” are more dangerous condition or illegal status of many owners, it means a greater rIsk owners are more natural should pay a higher price, pay more insurance costs.

ThIs means that the number of dangerous condition, vehicles, violations Will directly affect the cost of premiums next . And now adjusted according to the size of the coefficient, the owner of the overhead Will show more significant polarization trend.

Thus, the importance of safe travel from the owners Will achieve greater benefits.

Now, the third time fee change has not yet fully implemented. But in the purchase of Auto insurance, how to ensure that they can enjoy a greater dIscount the intensity Is our vast knowledge of the owner must understand the point. Thus, time-consuming bail each year, keep in mind that we must verify the terms of a good and secure the company’s own efforts to enjoy the best dIscounts dIscount used, these are all hIs own wallet real money.