In 2021, the premium income of strong insurance insurance was 237.4 billion yuan. The average premium of the vehicle further decreased the annual savings of 8.2 billion yuan for consumers.

On August 12, the China Banking Regulatory Commission announced that according to the "Regulations on the Liability for Motor Vehicle Traffic Accidents", the business situation of the 2021 motor vehicle traffic accident liability insurance (hereinafter referred to as "traffic insurance") was announced.

Data show that after the accounting year in 2021, 63 insurance companies including China People's Property and Insurance Co., Ltd. and other 63 insurance companies that operate strong insurance business issued a special financial report audited by the accounting firm.

The audited insurance companies' payment of strong insurance summary data shows that from January 1, 2021 to December 31, 2021, insurance companies with strong insurance companies in various operations have undergone 323 million motor vehicles, and the insurance premium income is 237.4 billion yuan; the cost of compensation is 1763 100 million yuan; various types of operating costs of 58.5 billion yuan (including 2.9 billion yuan in rescue funds); an underwriting loss of 4.4 billion yuan; the amount of investment income of 8.6 billion yuan; the extraction of rescue funds was 2.9 billion yuan. Since the implementation of the Self -Rescue Fund system, a total of 27.3 billion yuan has been withdrawn.

From the perspective of operating results, the role of traffic insurance insurance in 2021 was further played. The number of underwriting vehicles increased by 7.3%, the guarantee amount increased by 48.8%, the cost of compensation increased by 27.4%, and the number of filing cases increased by 20.9%.

The CBRC said that 2021 is the first complete year after the comprehensive reform of the auto insurance. With the support of the public security traffic management and other sectors, the insurance industry has continued to promote the implementation of the policy of benefiting the people. The coverage of the Security Insurance Insurance has further expanded, and the number of motor vehicles in insurance reached 323 million. After the guarantee function was strengthened, the limit of the liability for the strong insurance increased from 122,000 yuan to 200,000 yuan. In 2021, it increased the amount of insurance for consumers of 2 trillion yuan and an increase of 9 billion yuan. Safe driving consumers have obtained a greater discount. The optimized rate floating scheme has further reduced the average premium of the car and promoted the further improvement of safety driving awareness. In 2021, it saved consumers with 8.2 billion yuan in premiums.

In response to the situation where the epidemic is more distributed, the China Banking Regulatory Commission urged the insurance industry to increase its support for the real economy, help freight logistics and keep the security, establish a full industry chain risk solution, and actively open the insurance delay service for the suspension of vehicles in the severe area of ​​the epidemic. Moderate delay in premium payment time, provide convenient service measures during epidemic insurance, online claims, and epidemic prevention management to help epidemic prevention and economic and social development.

In the next step, the China Banking Regulatory Commission will unswervingly deepen the comprehensive reform of auto insurance, promote the industry to improve the efficiency and service quality of traffic insurance, and further optimize the system and mechanism of the traffic insurance in conjunction with relevant departments to continuously meet the growing insurance needs of consumers.

Daily Economic News

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