July 15, the China Insurance Regulatory Commission in Beijing held a national work conference on insurance supervision, Baojian Ju throughout the country and the people responsible for large and small, General Insurance, the Life Insurance Company executives arrived at the scene in full.
This reporter was informed that the China Insurance Regulatory Commission Chairman Wu Dingfu, named the 12 existing lack of solvency of insurance companies.
An industry told this reporter that the meeting has been held by the China Insurance Regulatory Commission seems to be a problem on the insurance industry and the critical review of the General Assembly, the China Insurance Regulatory Commission put the "supervision of the Sword" against chaotic state of vehicle insurance market .
9 danger to busy replenishment
June 30, due to lack of solvency, again in the land under the General Insurance Group became the first target was the China Insurance Regulatory Commission briefing, even in Shanghai, Jiangsu, Zhejiang, Jiangxi provinces and cities, such as five-vehicle insurance business was suspended.
"Carefully weighed Wu's speech at the meeting to easily find, the General Insurance industry which now exists solvency of insurance companies lack suspects. Year, the capital market plummeted, and the recent insurance funds has become the market following the fund's second largest after the short - The main, some insurance giant due to lack of solvency, wantonly in the stock market began to sell shares to cash funds. And this year has a General Insurance giant issued 10 billion yuan subordinated notes. "July 18, a life insurance companies to invest in Shanghai Ministry official told this reporter.
Although the China Insurance Regulatory Commission did not disclose 12 less than the solvency of insurance companies, however, the China Insurance Regulatory Commission on End will be opened after two days, in this reporter found on the official website of the China Insurance Regulatory Commission, announced a nine-day insurance Replenishment of the details, including five General Insurance Corporation and the four life insurance companies. Were all state General Insurance, Huatai Property Insurance, the Bank of insurance, public insurance, Wing On Property Insurance, China Aviation Samsung, Pa Hsin-cheng Life, China and the United States metropolis, Haier New York Life. One, State Property Insurance, the insurance registered capital of the Bank of Kindu reached 2 billion yuan, Pa Hsin-cheng Wing On Life and General Insurance respectively reached 1.82 billion and 1663200000.
To avoid a lack of solvency Zaozhi similar to the land of General Insurance punishment, small and medium-risk insurance has begun to have capital increase, while domestic insurance market can not escape the Big Three seem to be the fate of strengthening supervision. Senior members of the insurance industry, Wu Dingfu, in his speech made it clear that the complaint letters and visits, ineffective solution to the company as a key regulatory targets, and in the insurance market on the petition is nothing but the most complaints that some insurance giant.
"Insurance Regulatory Commission has given the insurance giant sounded the alarm." A Chinese-funded Property Insurance executives said.
July 18, Langjian outlet in the land of the relevant departments responsible for the Property Insurance also confirmed to this reporter, they five provinces and cities in the country of non-motor business has indeed been suspended, and when to re-launch still unknown Now they want is the Central Huijin capital injection could go to the pocket, General Insurance is now the land in these provinces and cities of non-motor business is carried out only when waiting for.
Henpi industry-wide chaos
"Eat drink, Lalacheche, which is that some insurance companies and insurance supervision departments of the close relationship." 15, the China Insurance Regulatory Commission Chairman Wu Dingfu, describes some of the local insurance company Bao Jianju leadership and a very close relationship between the phenomenon. He Zhi Chi, regulators and operators can not wallowing in the mire, regulatory and corporate relations can not be vulgar, have the image of supervision and discipline.
This reporter learned that, despite the day's meeting, the last part of his speech, Wu Dingfu, CIRC is on clean government, although the speech less than 1,400 words, but talks about a half an hour.
"If one sentence to describe the existence of the insurance industry's biggest problem, that is, repeat offenders repeat the investigation, repeated investigations repeat offenders, regardless of investigation, the investigation without penalty. Insurance institutions operating discipline, wanton big on price, the high cost of commissions paid In the wrong, not the timely collection of premiums receivable, and regulatory bodies also turned a blind eye, which leads to the insurance industry is now so much chaos, especially in the auto insurance industry. Insurance Regulatory Commission is not aware of these things, but local regulatory bodies Weak implementation of the China Insurance Regulatory Commission is also a victory. "July 17, Shanghai University of Finance and the Department of Insurance, a professor told this reporter.
In the next phase of the China Insurance Regulatory Commission regulatory priority, the China Insurance Regulatory Commission made it clear that the need to take Kit for auto insurance market, standardizing market order Property & Casualty, in accordance with the law strictly punish illegal acts.
Wu said that now regulate auto insurance market is the key to solve the problem of false data, it is necessary to intensify spot checks and punishment, and a verified and serious; strict supervision of insurance companies have approved the implementation of the provisions of the record rates to prevent the arbitrary change fee Insurance rates and scope of responsibility; sound off-site monitoring indicator system, abnormal indicators focus on monitoring the implementation of the company.
Wu also admits that many of the current impact of the order of the insurance market irregularities is not isolated, for a long time, the insurance market, repeated investigations of repeat offenders of illegal, not only disturb the market order to investigate the act itself, but also have in-depth analysis of the problem The reason, improve and regulate market order of the various rules and regulations, systems and mechanisms on the gradual resolution does not regulate the market order of the deep-seated problems.
Inspection bureau and other agencies will set up six
In order to be able to effectively monitor the insurance market, on the 15th National Conference on Insurance Supervision, the China Insurance Regulatory Commission will be set up inspection bureau and training centre and the establishment of the inspection committee, solvency monitoring committee, the Committee on Administrative Punishment, education and training of the four non-permanent Institutions.
Relevant for the China Insurance Regulatory Commission told reporters that the China Insurance Regulatory Commission to set up the new inspection will mainly be responsible for organizing the implementation of the insurance industry and a comprehensive examination of illegal cases registered and investigated, and other work, and effectively increase the intensity of supervision. Meanwhile, in order to strengthen coordination and integration of monitoring resources and avoid regulatory vacuum, the China Insurance Regulatory Commission will set up the inspection committee, solvency monitoring committee, the Committee on Administrative Punishment, education and training committee of four non-permanent body, the relevant areas of work to strengthen coordination and strengthen Executive power. Adhere to the same responsibilities, given the functions of various departments at the same time, the responsibility clearly, the right to be there must be a responsibility of the powers and responsibilities, improve the administrative accountability system, strengthen accountability.
"Insurance Regulatory Commission and the intensity of such a large additional body to rectify the insurance industry, since this is perhaps the intensity of the China Insurance Regulatory Commission since its establishment one of the biggest moves, even though the insurance market, particularly the auto insurance market, has come to overhaul the state, But the China Insurance Regulatory Commission's action will be in six months, one year after a good performance, but also difficult to determine. "A responsible person so that the insurance company.