Analysis Of Internet Mutual Insurance Development In Our Country

Mutual insurance has always been regarded as an important organizational form in the insurance industry.Compared with commercial insurance,mutual insurance reflects the nature of insurance guarantee and rescue better because of its characteristics of sharing,common responsibility and joint management which is the origin of insurance.Due to the lack of relevant laws and regulations,the development of mutual insurance in China has been stagnant.However,since 2015,the China Securities Regulatory Commission issued the "Mutual Insurance Organization Supervision trial measures",mutual insurance has been brought into the standardized supervision.In addition,in recent years,a series of mutual insurance policies have been issued,all kinds of signs show that China’s mutual insurance is about to usher in the spring of development.In recent years,with the rise of Internet financial model,"Internet +" model is widely used in various fields.The combination of mutual insurance and "Internet +" model gave birth to all kinds of Internet platforms for mutual insurance.Among the Internet platforms,e-mutual assistance platform has a large scale,a large number of members,as well as a better business model.Therefore,this paper aims to analyze the development of e-mutual assistance platform to study the development trend of China’s Internet mutual insurance.Based on the quarterly operation reports provided by the official website of the E-Mutual Assistance Platform,combined with the cancer big data published by the National Cancer Center,the development status of e-mutual assistance platform is described in detail.Based on this,the advantages and risks of e-Mutual Assistance Platform are analyzed and the corresponding suggestions are given.First of all,this paper analyzes the advantages of E-Mutual Assistance Platform from four aspects,including: I.E-Mutual has a strong reserve,all of the construction and operational,technical and financial aspects can be strongly supported;II.The establishment of e-mutual assistance is supported by government laws,mutual assistance insurance gets a lower threshold;III.E-Mutual Assistance combines with the Internet closely enough,and has an advantage in the acquisition of customer base,speeding up the transmission of information and saving operational costs;IV.E-MutualAssistance Platform meets the market demand.Secondly,this paper analyzes the risk of e-Mutual Assistance Platform from two aspects,including: I.The platform has some internal risks,such as imperfect governance structure,insufficient solvency and non-standard information disclosure.II.The platform has some external risks,such as vague positioning,difficulty in obtaining license plate and imperfect supervision.Thirdly,this paper analyzes the sustainability of e-mutual platform from four aspects,including: predicting the number of valid members of the platform,predicting the number of compensation of the platform,estimating the value of the platform and estimating the market share of whole mutual insurance in our country.Finally,this paper puts forward the corresponding recommendations for the existing risks,and then give some advice of development,including: I.For internal risks,perfecting the governance structure,making up the solvency and standardizing the information disclosure for the internal risk;II.For external risks,making clear the platform position,and perfecting the supervision system;III.Suggestions for the platform profit model and optimizing the platform business environment.