The Countermeasures Study For The Innovation And Supervision Of The Commercial Auto Insurance In Hebei Province

The automobile insurance market in our country has achieved a steady and rapid growth in recent decades.Motor vehicle insurance has gradually been served for every car owner and every family.The price and service of auto insurance has influenced slightly on the hundreds of millions of consumers.With the development of insurance market and the continuous innovation of economic system,the clauses and fee rate of the commercial auto insurance has never been adjusted in real time and the actual level of the changes and risks of the market cannot be reflected by the price of auto insurance.Some problems have appeared in the auto insurance market in recent years,such as “High insurance with low compensation”and “No compensation without responsibility”etc.The irrational competitions in the industry become more and more serious,which is the reflection of the contradiction between the formation mechanism of the rigid rate and the market competitions.The innovation of the management system for the clauses and fee rate of the commercial auto insurance is fit with the spirit of the reform of the supply,which is beneficial for expanding the efficient supply of insurance and increasing the adaptability and flexibility for satisfying the needs of insurance consumers.The China Insurance Regulatory Commission in Hebei Province issued <The work programme for deepening the reform of the management system of the clauses and fee rate of the commercial auto insurance in Hebei Province>,which is decided before July 1,2016.All property insurance companies in Hebei province will use the new clauses and fee rate of the commercial auto insurance officially.The previous clauses and fee rate of the commercial auto insurance officially has gone out of service and innovation is fully processed.Through making clear the reform process of the commercial auto insurance in our country,analyze the features of the auto insurance market in Hebei Province and the problems and causes of main markets that were found during the past supervision work,this article prejudges the influences and regulatory challenges that the innovation of the commercial auto insurance brings to the auto insurance market in Hebei Province,as well as learn from foreign auto insurance markets and pilot areas.Put forward suggestions for the work of the supervision of the auto insurance with the background of the reform of commercial auto insurance in Hebei Province.