New motor vehicle insurance cards to speed up agency

With the cap set fee, see a single fee, such as auto insurance departments as well as the implementation of new policies to further strengthen supervision, in the past, vehicle insurance fees depend on the profit intermediaries, business volume and profit growth will face a severe test. The industry is expected to "see a single fee" only after the implementation of the Shanghai one will have to be eliminated and a half intermediaries. Market participants said the "commercial vehicle insurance fees to the maximum 15% (Commercial Vehicle Insurance) +4% (strong cross-risk)," restrictions, the intermediary company in general operating costs for the full premium of about 10%, excluding other expenses , The intermediary company at an average profit margin of about 2%, narrow profit margins will greatly weaken the insurance intermediary companies and telephone sales business in the auto insurance price competitiveness. One broker said that the authorities have been set up around the fee limit of the number of insurance products in direct telephone access to 7 after the break, but also on this basis will be provided for the China Insurance Regulatory Commission, "% 15% +4" Consumers give preferential fees, and the intermediary company has now unable to support the discounted price. The loss of price advantage, the business volume and the simultaneous decline in operating profit makes a lot of intermediary companies directly facing a shortage of funds. "We have felt the vehicle insurance intermediary than many of the deserted, and then he goes on like this agency will certainly have to reshuffle." A broker who told reporters. According to informed sources, Shanghai currently has a large part of the auto insurance intermediary company of regulatory and insurance trade associations out of the fee cap provision expressed dissatisfaction with the information is preparing to hire a lawyer, could "harm the interests of consumers" v. By the prosecution. But so far, related to auto insurance intermediary company did not confirm this positive news. At the same time, regulatory agencies in various localities in the insurance industry and agencies of the survey and mapping special clean-up, will further accelerate the intermediary cards. A few days ago, the province of Shanxi have a serious violation of laws and regulations 1580 and refused to pay the costs of insurance regulatory agencies and industry to be written off in accordance with the law; in July to August period, Shanghai has 64 insurance agents and be eligible for write-off. A senior industry official said, auto insurance is really the New Deal of the insurance premium due to play a strong role in management, but the premiums receivable management should "practice." Regulatory agencies should further strengthen the agency's supervision, the agency increased market access threshold to avoid disorderly competition. As for the competition can rely on to solve problems, such as auto insurance prices, the rate of fees and other issues can allow the market to themselves.