The Pricing Research Of The Mandatory Liability Insurance For Traffic Accidents Of Motor Vehicles

In March21,2006the State Council promulgated the "Compulsory Traffic Accident Liability Insurance Regulations" on the basis of the laws and regulations to protect the legitimate rights and interests of road traffic accidents victims and compensate for personal injury and property damage caused by motor vehicle accident. However, due to the imperfect system of traffic compulsory insurance, in the implementation process of gradually showing a variety of issues and the rate issue has become the focus of attention of the community. The paper first introduces the background of the topics, significance, and current research, the content and methods of this paper, then elaborates the property of liability insurance and compulsory insurance characteristics, analyzes the differences and relations between the traffic compulsory insurance and commercial third party liability insurance, describes the process of establishing from two angles of the background and development process and the operating status of the system, after that points out three parts that could be consummate by analyzing the rate of traffic compulsory insurance system in the United States, the United Kingdom, Germany, Japan and China’s Taiwan region, finally compares the theory of expected utility theory, the capital asset pricing model and the non-life insurance actuarial pricing method, analyzes a specific examples selected non-life actuarial pricing method to determine the theory rates, then put forward policy recommendations after comparing with the current base rate.