Motor Vehicle Insurance Clauses And Premium Rate Market In China And Influence

From January 1 2003, China began to carry out new management system of motor vehicle insurance clauses and premium rate. The new management system of motor vehicle insurance clauses and premium rate changed the status that the insurance companies must strictly execute the motor vehicle insurance clauses and premium rate established by the China Insurance Regulatory Commission(CIRC).The insurance companies could decide and execute their own clauses and premium rates of motor vehicle ,this made the motor vehicle insurance serve abundance on the first step and further strengthened the competition abilities of China's insurance business, and this also would influence the development of China's automobile insurance market , the China's insurance management policies and the insurance companies for a long time.This paper falls into eight parts:Part one introduces the purposes and meanings of this research work, domestic and international research present condition and the main construction of this paper.The second part points out the insurance list price mainly suffers the factors of the future claim cost, operating cost and the adequacy's profits influence, and the motor vehicle insurance premium rate classifies into actual fee rate with name fee rate. The competition of fee rate is a main rule on insurance market. The market clauses and fee rate points the insurance products are developed by insurance company independence, and the fee rate level is a relation decision from the market supply.. The insurance price becomes the indicator and the modulator of the insurance supply.Part three of this paper introduces the motor vehicle insurance development condition before reformation, points out that the reason of strictly motor vehicle insurance control is to support the insured benefits, promotes development of the automobile insurance market and prevents to false market competition. The reason of its deep level structure includes corpus system blemish in insurance market, the price responds the mechanism blemish, and takes charge of with insurance to system contain blemish etc. Strictly automobile insurance control abnegates the market efficiency and confines the Chine insurance development.Part four of this paper introduces international motor vehicle insurance clauses and premium rate regulation system evolvement course, and management system of the motor vehicle insurance variety in the United States, Japan, EU, Korea offer experiences for China automobile insurance reformation. The China Insurance Regulatory Commission in 2001 October began to make experiment of reformation of automobile insurance in Shenzhen city. After getting plentiful experiences, reformation of automobile insurance was carried out in china in 2003.Part five of this paper introduces that the motor vehicle insurance market was in a turmoil in Shenzhen city when CIRC make experiment of the reformation, and insurance companies was in keen vocational competition. The premium rate market displayed powerful function. We get valuableexperiences from experiment, and the insurance companies began to adjust their business conduct.The sixth part points out after the motor vehicle insurance clauses and premium rate market, market demand rise because of declining of whole level of the motor vehicle insurance premium rate and the rate system multiplicity. But the market supply also descend because of insurance accept ability limiting. At present the market demand of automobile insurance is very big, we should improve the level of the market supply and demand by manifold measure.The seventh part analyses that motor vehicle insurance clauses and premium rate market also can produce the short-term risk and long-term risk, insurance company, insurance regulation department and insurance guild should adopt the measure positive reply the risk.The eighth part judges of the motor vehicle insurance clauses and premium rate reformation in China, and proposes that we should advance the motor vehicle insurance clauses and premium rate market reformation with steady steps by s...