Research On Risk Management For Auto Insurance Business Of ZhongXiang Property Insurance Jilin Branch

Vehicle insurance business is an important part of the operation and development of property insurance companies.For a property insurance business based on car insurance business,its car insurance premium accounts for more than 75% of the total premium.Thus,the risk management of auto insurance business is an important part of the business process of property insurance companies.Any problem in the auto insurance business process will have an irretrievable impact on the subsequent development of property insurance companies.Therefore,as a property insurance company should attach great importance to the risk control of each business process in the auto insurance business link.In this paper,Zhongxiang Property Insurance Jilin Branch is selected as the research object.Through two research methods,case analysis and literature research,the risk of Zhongxiang Property Insurance Jilin Branch in auto insurance business operation is analyzed from the risk management status of the company’s auto insurance business operation.In this paper,the risk points are identified from the four links of quotation,underwriting,sales and claims,and the causes of the risks in each operation link are analyzed,and the corresponding prevention and control measures are given according to the causes.In this paper,the risk management of auto insurance business of Zhongxiang Property Insurance Jilin Branch is studied in four chapters.Chapter 1 is the introduction part.Firstly,it expounds the background and significance of the research on the risk management of auto insurance business of Zhong Xiang Property Insurance Jilin Branch.Based on the risk management theory,risk control theory and related theories of vehicle insurance,it also combines the research results of many domestic and foreign scholars on the risk management of auto insurance business,which lays a solid theoretical foundation for the subsequent writing.On the basis of theoretical basis and literature review,Chapter 2 discusses the current management status of auto insurance business of Zhongxiang Property Insurance Jilin Branch,and identifies risk points of the four links of auto insurance business of Zhongxiang Property Insurance Jilin Branch,including quotation,underwriting,sales and claims.The risk management of the company’s auto insurance business is questioned from four aspects: incomplete consideration of quotation factors,too extensive underwriting operation,too single sales channel and inadequate control of claims cost.Chapter 3 is mainly to sort out the risk points of the four links of auto insurance business of Zhongxiang Property Insurance Jilin Branch in detail,and analyze the causes of the risk factors of each link from the aspects of mere form of quotation,neglect of underwriting quality,weak awareness of compliance,imperfect management system and so on.Chapter 4 mainly aims at the above mentioned risk causes to give supporting measures to solve.From strengthening the risk awareness of the quotation link,to improving the quality of the subject matter insured;From the diversification control of sales channels to the improvement of the internal management mechanism of claims,we will find the corresponding control methods and solutions for the risks identified and analyzed above.By analyzing the current situation of risk management of auto insurance business of Zhong Xiang Property Insurance Jilin Branch,this paper identifies the risk points existing in the auto insurance business process and finds out the specific reasons for the formation of risks.Meanwhile,corresponding prevention and control measures are given for the risks and risk causes,so as to make the risk management of auto insurance business smoother and more rigorous.It reduces the subsequent problems caused by the inadequate management and control of auto insurance business process,thus improving the safety of auto insurance business operation of Zhong Xiang Property Insurance Jilin Branch,enhancing the trust of customers,and finally making Zhong Xiang Property Insurance Jilin Branch more competitive in the development of the industry.