The Impact Of Commercial Auto Insurance Reform On The Business Performance Of Property Insurance Companies

In recent years,with the rapid development of China's social economy and the gradual improvement of people's overall living standards,automobiles have become an indispensable part of residents'daily life and work.At the same time,automobile sales market and automobile insurance industry have also developed rapidly.However,because the relevant laws and regulations of our country are still improving and the supervision is not strong enough,there are many malignant problems in the automobile insurance industry.For example,the financial insurance companies use a lot of funds to occupy the market share,which has caused many vicious competition.Consumers'complaints are increasing,and it is difficult to obtain useful rights and interests protection.Through years of research and exploration,CIRC finally issued the reform system of commercial automobile insurance in 2015.This work can make the market develop more healthily and steadily,and effectively reduce the frequent problems such as "high insurance and low compensation".In this way,consumers'legitimate rights are well protected.The supervision of the automobile insurance industry has also been greatly improved This reform provides a new direction for property insurance companies,and there are also many risks and challenges.This article not only studies the background and significance of the reform,but also analyses the basic content of China's commercial automobile insurance reform.This paper uses the method of literature research to explain the reasons,development process and significance of the reform.It also uses comparative analysis to explain the changes in the reform.By using comparative analysis and empirical analysis,this paper chooses the specific data of a property insurance company's branch company,carries on the research and analysis,compares the data before and after the reform,in order to reflect the influence of the reform system on the company.After the above analysis and research,the author also puts forward several suggestions on the Performance of property insurance companies after the reform.I hope that through the study of this article,we can provide relevant references for the Performanc and development of property insurance companies in China.