A Research On Risk Control Of Auto Insurance Management

Auto insurance occupies the prominent unit in the property insurance in our country. It is the foremost job that how to boost auto insurance market and develop insurance company's power of managing the auto insurance all the time. On the one hand, with economic globalization, insurance market internationalization, finance liberalization, we have reformed in auto insurance in the past few years. On the other hand, as increasing of the non-insurance corporation with foreign capital and domestic capital, competition is becoming more and more fiercely. For the sake of marker share, some insurance companies do not mind of cost which leading to a high level of loss ratio.That the excessive loss ratio may bring on deficit or bankrupt of insurance business. The reason of excessive loss ratio is that the lack of recognition to loss ratio. At present, the rationalistic research and practise of auto insurance is still a weakness. So the risk management of auto insurance is a urgent problem in our country.Owing to the significance of this issue, the thesis mainly focuses on analyzing and discussing risk management of auto insurance,then proposes of how to process the risk management of auto insurance.The general arrangement of the thoughts is to put forward the issue firstly and then expatiating the theory of risk management and six sigma.Finally it brings forward a few suggestions on how to prefect our vehicle insurance management.The thesis begins from detailed introduction of auto insurance risk. The first section begins with the development of vehicle insurance, then expatiating the characteristics of auto insurance, which is the basis of the issue. The other section details the internal risk factors and external risk factors. The internal risk factors can be controlled by the insurance companies. It can be subdivided into operation risk, management risk and financial risk. External factors of risk can be subdivided into man, vehicle and environment. It then analyzes the person's risk factors, especially analyzes the driver's mental state and physiological factors which influence on vehicle insurance risk.Chapter Two introduces the theory of risk management and six sigma. This chapter expatiates the target of auto insurance is to lower the loss ratio, then explains the process and strategy of the risk management of auto insurance. According to the characteristics of insurance companies whose products have the feature of risk, so risk control is the most valid method of risk management of auto insurance.Risk control can be divided into two sections. The first section introduces internal risk factors control, based on the cause of risk and discusses the methods of risk control. Section Two is external risk factors control. External risk factors can be subdivided into man, vehicle and environment. Because of external risk factors can not be controlled by insurance companies, the valid methods of risk control is to charge different fees to match different risk degrees, Then according to the risk degrees of the risk factors, insurance companies adopt the fee rate grade. On this foundation, controlling vehicle risk factors primarily adopt the car's fee rate mode, namely in the process of loading the rate of premium based on the risk factors of the insured vehicle. Main measures that driver's risk controlling adopt"from the person's doctrine" in the process of loading the rate of premium, namely used the high or low fee rate based on the driver's risk factors of the insured vehicle.Chapter Three puts forward a few suggestions to perfect vehicle insurance management of our country. Owing to auto insurance occupies the prominent unit in the property insurance, we must perfect our country's vehicle insurance management. This thesis discusses some opinion about it: Establishing the mechanisms of risk ego control and compensate in property insurance, reforming vehicle insurance system quickly, establishing the auto insurance information system to share and enhancing exterior environment's development to provide a good environment for auto insurance.