It is rumored online that the insurance premiums of new energy vehicles such as Tesla, Inc. have risen by more than 50%. Official response: it is actually around 10%.
On December 30, according to China Business report, the exclusive product of commercial insurance for new energy vehicles was officially launched, causing an uproar among car owners and public opinion. A car owner revealed on social media that the total cost of insuring his Model Y was 8278 yuan on Dec. 23, but on Dec. 27, the total cost of insuring the same car rose to 14902 yuan, an increase of as much as 80 percent. Among them, the increase in car damage insurance was the largest, rising from 5759 yuan to 12736 yuan. NIO Inc., XPeng Inc. and other car companies' products have also been exposed a sharp rise in insurance premiums. However, a new power car-building dealer told reporters that based on the communication between its in-store delivery and the insurance company, the premium did rise after the launch of the exclusive insurance for new energy vehicles, but it was not as exaggerated as announced on the Internet. they estimate that after the launch of new energy exclusive insurance, the price difference of new car insurance is between 50 and 1000 yuan, an increase of about 10%.
To this end, Caijing Automobile contacted Tesla, Inc., the other side said: "different insurance companies, different regions, different models have slightly different increases, from the latest December 30 statistics, Tesla, Inc. vehicle premium increase in the national average of about 10%, the more concerned high-performance version of the premium, the increase in the national average is less than 20%, the specific amount, please take the local insurance company's quotation as standard."
The transformation of the insurance industry in 2021: the stock prices of insurance companies fall and more than one million agents run away
In 2021, the insurance industry will continue to transform. "the insurance sector has fallen sharply", "the first anniversary of auto insurance reform", "millions of insurance agents exit sadly", "fine operation of health insurance" and "exclusive car insurance for new energy vehicles" have become the key words of the insurance industry.
From January to November 2021, the insurance industry achieved a cumulative premium income of 4.16 trillion yuan, down 1.27 percent from the same period last year, according to the CBIC. Of this total, the original premium income of the property insurance business totaled 1.06 trillion yuan, down 3.32% from the same period last year, while that of the life insurance business totaled 3.11 trillion yuan, down 0.55% from the same period last year.
2When 021 is coming to an end, the A-share insurance sector continues to fluctuate at the bottom. As of December 27, the insurance sector fell more than 37% for the year, a record drop for nearly a decade, according to Wind. The share prices of Ping An Insurance, New China Life Insurance, PICC, China Pacific Insurance and China Life Insurance Company Limited fell by 40.41%, 32.99%, 26.06%, 24.61% and 20.82% respectively.
The second phase of the second generation of compensation came to penetrate supervision and tamp the capital of insurance enterprises "both inside and outside".
As the core index of insurance supervision, the ability of insurance companies to fulfill policy obligations (solvency) is directly related to the life and death of insurance companies, and the importance of maintaining adequate solvency is self-evident. Since September 2017, the former CIRC issued the "compensation second generation second phase project construction plan", officially launched the "compensation second generation second phase project" construction, so far has been 4 years. After several rounds of soliciting opinions and linkage quantitative tests, yesterday, the China Banking and Insurance Regulatory Commission formally issued the "Insurance Company solvency Supervision rules (Ⅱ)" (hereinafter referred to as "Rule Ⅱ"), marking the smooth completion of the construction of the second phase of the second generation project.
What impact will this policy reform have on insurance companies? What is the direction of reform and transformation in the industry after its landing? On the occasion of the landing of the second generation second phase project, the relevant person in charge of the Finance and Accounting Department (solvency Department) of the China Banking and Insurance Regulatory Commission was interviewed by the Shanghai Securities News to explain in detail the original intention and impact of launching this major project.
The above-mentioned responsible person said that the core of the second phase of the project is to solve the problems of false capital, false data, unclear underlying assets, insufficient risk protection function and insufficient service to the real economy on the basis of insisting on risk orientation and based on the essence of the business. reflect the risk exposure of insurance companies more accurately and assess the demand for capital occupation more scientifically Further improve the science, effectiveness and comprehensiveness of solvency supervision to better meet the requirements of the development and reform of China's insurance industry, risk prevention and control and financial security.