Research On Risk Management Of Automobile Insurance Business Of PICC Property And Casualty Company Limited Shenzhen Branch

The revenue of automobile Insurance occupied for more than 70% total revenue of the whole property insurance market in China. In recent years, although China automobile industry develops rapidly and China automobile insurance expands fast, its profit did not promote proportionally in fact. The Shenzhen Branch of PICC Property and Casualty Company Limited also has this problem. Therefore, to improve risk management of automobile insurance is faced by PICC Shenzhen branch.This article analyses different aspects of operating risks of automobile insurance and indicates its current level of risk management. The risk management of Automobile insurance in PICC Shenzhen Branch has to improve urgently. Therefore, it is important to analyze current procedures of automobile insurance and find out the reasons of influencing its health development, in addition, to set up practical theories of risk management for PICC Shenzhen Branch. Moreover, according to the current problem of PICC Shenzhen Branch risk management on automobile insurance, through identifying and analyzing all risk factors, a reasonable proposal of risk management will be given in context from three aspects of underwriting insurance, claim management and specialized sales.This risk management proposal of PICC Shenzhen Branch focuses on its rapid and beneficial development of automobile insurance. By means of effective risk management on selective underwriting, improvement on claim service and specialized sales, the cost of automobile insurance would be decreased and its comparative advantages would be established to promote automobile insurance operating.