Research On Risk Management In Motor Vehicle Insurance Business Of A Insurance Company

In recent years,with the continuous improvement of China's national economy,the people's economy and life level have improved significantly,thus creating favorable conditions for the development of motor vehicle industry.As the motor vehicle product sales continue to rise,the vehicle's buyers are also significant changes have taken place,from the previous group of enterprises and institutions,all party and government organs is converted to the current individual,but the proportion of individually-owned continued growth.The change of the consumer groups led to the motor vehicle insurance business structure from the nature,the nature of the business,the business enterprise gradually shift to give priority to with domestic for private use properties,car insurance business structure change to changes in the motor vehicle insurance business is enormous.Motor vehicle insurance,as the leading risk of property insurance enterprises,plays a leading role in the business development level and profitability of property insurance enterprises.If the property insurance companies can not quickly respond to the changes in the market,and quickly adopt the auto insurance business model suitable for consumer demand,it is difficult to achieve good results in the auto insurance market.Motor vehicle insurance premium increase to the insurance company has brought huge commercial profits,but to the growth of car insurance loss ratio,but the main reason for high loss ratio is for risk management of motor vehicle insurance business in China has not brought to the enough attention.The product that the insurance company manages is insurable risk,at the same time the insurance company is in the process of managing again to encounter all sorts of risk.Risk management is a very important subject for property insurance companies.The stand or fall of risk management of motor vehicle insurance business activities,the level of risk control is directly related to insurance company's own survival and development,which affect the insurant namely the security interests of consumers,to affect the whole social stability.This article starts with the status quo of risk management in the operating procedures of the motor vehicle insurance business of A insurance company(A Ningxia Branch of A Property Insurance Company,hereinafter referred to as A company),and analyzes the important risk categories in the business process of A company's automobile insurance business.The main issues of risk management in the company's auto insurance business process and the impact of commercial auto insurance reform on auto insurance development were studied.It was concluded that in order to increase the management risk of auto insurance business risks,we must first establish a sense of risk management,that is,we must start from the entire auto insurance.Starting from the scope of the process,the system fully identifies,evaluates,and manages risks,and then under the guidance of the theory of internal control,it forms a set of internal control mechanisms with clear-cut responsibilities,sound regulations,and distinct levels,which proposes from the auto insurance business process.Control measures and recommendations for risk management in five aspects of marketing,underwriting,pricing,finance,and claims.