Research On Car Insurance Business In China

In recent years, the number of the car in China is increasing greatly. In this occasion, infrastructure of Road traffic is vulnerable, our country’s transportation management system is lag behind, people’s consciousness have not improved accordingly and they did not obey the traffic rules in China, which make the traffic accident occurs frequently even the rate is highly growing. And it brings serious casualties and a big loss on economic. In view of this, car insurance which can provide economic security attract attention of people from all fields. From the insurance industry, the car insurance business has occupied70%in the property insurance company according to the insurance industry. And the car insurance has deservedly become to the major insurance of the property company. However, in recent years some problems about car insurance are ofen been made public, such as the problem about car insurance terms which triggered a lasting disturbance in society. On one side these phenomenon reflect people’s high attention, on the other side they reflect that there are many problems in car insurance business. And these questions have led to the misunderstanding and discontented of consumers, which is blocked the car insurance business operation.On the background of this fact,I have done a system and comprehensive research on the car insurance market and through my research I summarized the actuality on the management of car insurance. I analyzed the problems which exist in the car insurance in China, such as the perfect system of relevant laws, rules and regulations has not set up; The management on the car insurance is insufficient; The rate of the car insurance cost has not set clearly enough; The service quality of car insurance should be improved, and so on. To solve these problems, I put forward some policy suggestions under the reference of the advanced experience that comes from the perfet car insurance market of United States, Britain and Japan. Meanwhile, I considered the actual situation of the car insurance market of our country. Based on this.I put forward some countermeasures on car insurance business to promote its Sustainable development. Such as the related laws and regulations of the car insurance market, the supervision of car insurance, the information disclosure of the car insurance market, the products of the car insurance, the sale channels of the car insurance, the management of the properly insurance company which runs the car insurance and so on. According to these conclusion, expecting to promote the development of our car insurance business more pefect and sustainable.