Auto Loan Guarantee Insurance Business Risk Management Research

Vehicle consumptive loan guarantee insurance, also known as "auto loan guarantee insurance", its business reached a climax in 2002, and vigorously promote the development of automobile industry in our country. But then the rise of high accident frequency as well as high loss ratio of the business, made auto loan guarantee insurance stall. After 2009,based on the national guidelines around the expansion of domestic demand, transfer structure, government pay attention to the role of guarantee insurance in auto consumption credit, and put forward policy of car loans insurance for the market, actively yet prudently proceed with development of auto loan guarantee insurance. Shandong branch of China United Property Insurance Company Limited planned for new auto loan guarantee insurance by "market as the guidance, risk control as the core", and risk prevention measures are put forward by practice and research.The first part describes the research background, importance and methods by summarizing domestic and foreign risk management. Risk management literature and related theories are reviewed in the second part, and the general methods and steps of risk management are discussed. We analyze current situation of car loan guarantee insurance in the third part by SWOT analysis, which is Strength, Weakness, Opportunity and Threats. The fourth part is the joint insurance "car loan guarantee insurance" risk identification by using risk identification methods and steps in practice investigation; The fifth part is business risk management evaluation of car loan guarantee insurance in China United Property Insurance Company Limited by using the analytic hierarchy process (AHP) to determine the index weight, and by using fuzzy comprehensive evaluation to determine the guarantee insurance business risk level. Risk management strategy of car loan guarantee insurance in China United Property Insurance Company Limited is suggested in sixth part. Furthermore, some constructive suggestions to evade guarantee insurance business are put forward from six aspects. Finally, the whole research summary and research prospects are present.By scientific evaluation method for risk analysis and assessment, the paper put forward a series of measures to deal with car loan guarantee insurance, and provides reference for business development in the same industry.