The Research On The Risk And Its Prevention Strategies Of The Auto Loan Guarantee Insurance-based On Bank-insurance Cooperation

Since the People's Bank of China promulgated auto loan management approach in 1998, the commercial banks have begun to offer automobile consumption loans. To meet the requirement of credit risk management of the commercial banks, property insurance companies began to provide auto loan guarantee insurance. The appearance of auto loan guarantee insurance not only greatly simplifies the loan approval procedures, but also boosts potential car consumption remarkably. Auto loan guarantee insurance has made great contributions to the development of China's automobile industry and automotive consumer credit market.Experiencing short and fast development period, due to the high accident rate, high payment rate, low premium rate, low recovery rate,auto loan guarantee insurance business encountered serious setback.By analyzing auto loan guarantee insurance's risk factors, it is easily found that the. main problem lies in lack of risk management experience in guarantee insurance and social credit system. However, immature of the bank-insurance cooperation mechanism can account for this setback more effectively. The quality of the bank-insurance cooperation has a direct impact on the risk management level of insurance company. This paper will focus on the bank-insurance cooperation relationship based on in-depth analysis of bank-insurance co-existence of three aspects of the proposed countermeasures. The author believes that these researches have important theoretical and practical significance.This paper is divided into five parts, the main contents and basic ideas are as follows:PartⅠ:Introduction. It introduces the research background, research ideas and methods, and so on. The relevant literature on auto loan guarantee insurance is reviewed carefully so as to lay the foundation for later analyses.PartⅡ:Risk analysis of auto loan guarantee insurance. Firstly, this thesis introduces the concept, characteristics, roles of auto loan guarantee insurance, the course of development in China; second, analyzes China's auto loan guarantee insurance's risk, involving in insurance companies internal control factors, a comprehensive facilities factors and factors of bank-insurance.PartⅢ:Bank-insurance cooperation problems in auto loan guarantee insurance. Firstly, there exists the difference in understanding the essence of auto loan guarantee insurance in view of law, which can be explained by three kinds of views, respectively "insurance view ", "guarantee view" and "mixed view". The second problem is unequal status of banks and insurance companies. Finally, the author analyzes unbalanced responsibility and interests between banks and insurance companies.PartⅣ:Promote bank-insurance cooperation in auto loan guarantee insurance. Three countermeasures are put forward in this chapter. First one is to clarify the rights and obligations between banks and insurance companies in auto loan guarantee insurance; the second is to make clear the relation between bank-insurance cooperation agreement and the auto loan guarantee insurance contracts; the third is to strengthen process management bank-insurance cooperation.PartⅤ:Improve risk prevention strategies of China's auto loan guarantee insurance by learning from foreign countries. First of all, introduces the foreign strategies of auto loan guarantee insurance and summarizes some enlightenment for China. Secondly, proposes some risk prevention strategies in China's auto loan guarantee insurance.