Research On Business Strategy Of Auto Insurance High Risk Business

With the continuous development of the socialist market economy,as a mean of risk transfer,insurance has played an important role in social stability and economic development.About 70% of the Property insurance premium income comes from motor vehicle insurance,the size of its business volume,directly determines the business scale and market share of the property insurance companies,motor vehicle insurance pros and cons of each business segment,determines the property insurance industry profitability.Therefore,auto insurance business management has great significance on insurance companies whose main businesses are property and casualty insurance.Usually in the motor vehicle insurance management,the vehicles will be subdivided according to vehicle type,usage and other dimensions,collectively referred to as vehicle market segments or business segments.Risk-specific uncertainties,along with the influence of subjective and objective awareness of the changing environment,has reflected in the operating results of motor vehicle insurance,there are some high-risk,high paid business segments,these businesses have directly lower the overall underwriting profit of the auto insurance business and have more pressure on the overall underwriting profit interval‘s gradual downward trend of the auto insurance industry in recent years.Motor vehicle insurance company has adopted stringent underwriting conditions in high-risk business sectors.More often,even with low-cost,high-rate policy,underwriting high-risk auto insurance business,still cannot get rid of the underwriting loss.Thus,in the market economy environment,there is insufficient insurance supply for the high risk auto insurance,which is not conducive to the domestic insurance industry and insurance companies' image.Started with the basic theory of motor vehicle insurance,and risk management,combined with the data instance in Z insurance companies,this paper provides a detailed description of the auto insurance‘s high-risk business sector.Then it introduces the current cutting-edge mobile Internet technology along with Commercial Auto Insurance Reform.Based on the mobile Internet technology innovation and application cases,it discusses the business strategy in high-risk auto insurance segment.