Government Regulation Policy Of Motor Vehicle Insurance Rate Research On Implementation Effect

Insurance is an important component of modern economy,and it is a booster of economic development,which can promote the normal operation of social reproduction and the transformation of savings into investment.Insurance is also a hedge against risks,helping to balance the operating costs of enterprises,balance personal financial revenue and expenditure,and enhance the ability of enterprises and individuals to prevent and resolve risks.Insurance regulation is crucial for maintaining economic stability and promoting the healthy development of the insurance industry.Insurance regulation is an important public management function.Property insurance is an important component of insurance,with motor vehicle insurance premiums accounting for 60.1% of property insurance premiums.By 2022,China’s total car ownership reached 417 million vehicles,and 225 million households nationwide owned cars,which means that nearly half of households nationwide will purchase motor vehicle insurance.Since the beginning of 2015,the China Banking and Insurance Regulatory Commission has implemented regulation on motor vehicle insurance rates.Up to now,it has undergone three major policy changes.The third motor vehicle insurance rate reform policy was implemented in September 2020,breaking the bottom line of the rate regulatory threshold.It is known as the "bottomless" rate reform,which is a breakthrough attempt in insurance regulation.By regulating rates,the government can prevent insurance companies from abusing pricing power and protect the interests of consumers.Therefore,studying the implementation effects of motor vehicle insurance premium rate regulatory policies has important reference value for the government to formulate and optimize regulatory policies.This article attempts to study the implementation effects of government rate regulation policies on motor vehicle insurance.Based on public policy evaluation standards and models,various research methods are used,including literature research,questionnaire survey,and interview research.This article carries out research from two aspects.The first aspect is to analyze the effectiveness of the implementation of government motor vehicle tariff regulation policies based on model building and statistical data;The second aspect is to study the impact of regulatory policies on relevant groups through research and analysis.To this end,we conducted a survey on insurance rate policy related personnel such as the supervisors’ staff of the China Banking and Insurance Regulatory Commission,the principals and staff of the insurer’s insurance institutions,and the insured’s participants.The total number of people surveyed exceeded 500.Through research,it is found that the government’s implementation of this regulatory policy to rectify the chaos in the insurance market and protect the interests of consumers has not met expectations.There are four main problems: first,curbing the competition chaos in the motor vehicle insurance market has not been effectively improved;Second,the solvency of the entire motor vehicle insurance market has declined;Third,the market satisfaction of motor vehicle insurance participants decreased;Fourth,the net outflow of personnel from the insurance industry has increased social employment pressure.Based on data review and relevant analysis,this article provides feasible suggestions for the government to optimize its regulatory policies for motor vehicle insurance premiums from six aspects: improving the government’s own regulatory level and ability,establishing and using credit rating systems for reference,establishing differentiated regulatory thresholds,formulating supporting measures for policy implementation,protecting the core rights and interests of insured persons,and properly addressing the placement of unemployed persons in insurance institutions.