Research On Credit Risk Management Of The Personal Automobile Expends-Load Guarantee Insurance Of XX Insurance Company

The personal automobile consumption loan guarantee insurance,also known as the "car loan insurance",has been growing rapidly in preliminary stage,dramatically meeting the consumption demand of the automobile industry in China.However,the high incidence rate and payment rate later exposed stalled the business.Since 2009,under the guidance of expanding domestic demand and adjusting structure,the states decides to give full play to the role of insurance in car loan market,putting forward that the development of vehicle loan insurance products should be suitable for market demand,and actively and steadily push forward the development of vehicle insurance business.In recent years,automobile has become an important personal consumer commodity.Increasing numbers of people chose to resort to the car loan business to buy a car.This paper mainly uses literature analysis,case analysis and empirical analysis methods to present an analysis about the personal credit of the XX insurance company car loan insurance assessment of risk management.The analysis is based on the actual work,specific cases,considering the purpose of the current stage is to pursue stability to explore a better customer evaluation and risk management "mode of cooperation,the research has important practical significance.The study is mainly conducted from six parts.The first part is the introduction.In this paper,the purpose and significance of the study are expounded.The specific method how the research is conducted is promoted based on the domestic literatures.The second part is the overview of risk management.The concepts and theories related to this paper are mainly introduced,including the traditional risk management theory,financial risk management theory,enterprise risk management theory,solvency benchmark theory and constraint theory.The third par,it introduces the overview of the personal car loan insurance credit risk management.First of all,it introduces personal car loan insurance,and then compares the development of personal credit evaluation index at home and abroad.The fourth part revolves around the current situation and difficulties of XX financial personal car loan business.First,it introduces the current situation of XX property insurance personal vehicle loan business.Afterward,an introduction about the dilemma of XX property insurance personal car loan business and the personal credit evaluation of XX property insurance company is made.The fifth part presents the solution to the problem of personal credit evaluation of XX financial insurance company's car loan insurance.First,the principle of establishing personal credit risk assessment model is introduced.Then,it introduces the credit risk assessment method.Besides,the personal credit assessment model of personal insurance is established.Finally,specific solutions are put forward.The sixth part is the conclusion,summarizing the findings of the study and also giving suggestions for the future research.The conclusions of this paper consist of two major parts.First,the difficulties faced by XX property insurance company's personal vehicle loan business are mainly caused by the lack of risk awareness,the lack of credit review and post loan management,the existence of moral hazard,the extremely imperfect social credit system,and the lack of explicit legal provisions for insurance.The personal credit evaluation of XX insurance company mainly includes personal credit credit-system,internal management of insurance companies,external banks and cooperative dealers.Second,the solution of problems faced by the XX insurance company when it comes to the personal credit assessment is based on two aspects.First,we need to establish a personal credit risk assessment model.There are six models that should be considered when establishing these models,including scientific principle,comprehensive system principle,foresight principle,quantifiable principle,flexibility principle and operational principle.The methods of conducting personal credit risk assessment are mainly listed as follows: including empirical evaluation and credit scoring method,selection of models need to detail the construction method and evaluation index scoring standards of appropriate assessment,finally to the credit risk assessment of XX insurance company is the analytic hierarchy process.After the construction of the whole model,the individual credit evaluation and the overall evaluation are carried out analyzing case by case.The second is to promote countermeasures of personal credit evaluation in XX insurance company,mainly from the four aspects,one is to perfect the personal credit system of our country,the two is the credit intermediary market and standardization,the three is to improve the internal product design,strengthen internal management,four of the banks and dealers to establish "risk management" cooperation model.The research of this paper provides realistic guidance for XX property insurance company's personal credit evaluation risk management.Besides,it also provides some reference for other property insurance companies.