Internet +" spoiler mutual insurance

From the perspective of the development path abroad, the transition of large mutual insurance companies to joint-stock companies seems to be a rational choice. Of course, this also shows from the negative that mutual insurance may be more suitable for smaller insurance companies. At the same time, the periods of mutual insurance booming are concentrated in the early stages of economic development. During the period, the social security system was not yet sound. Mutual insurance won customers at low prices.

Then, is there a future for the development of large-scale national mutual insurance? In the central and western regions where China's economic development is relatively backward, does mutual insurance have more room to be used? In addition, the Daily Economic News reporter noted that the Internet + "The rise of the wave, some organizations and individuals have begun to set up mutual insurance organizations through the Internet channel. How will this model innovation affect the development of mutual insurance?

With these questions, the reporter conducted an in-depth visit to investigate.

"Internet +" mutual protection has not yet been approved

Judging from the legislation of various countries, "mutual insurance companies" are mainly defined in the "Insurance Law." Countries generally regard large-scale mutual insurance companies as a joint-stock company's corporate legal person, and apply to the general requirements of joint-stock companies. . Since the 20th century, the insurance regulatory mechanisms generally established in various countries have emphasized the maintenance of the solvency of insurance companies, and imposed many restrictions on the company’s premium income, use, and distribution. These regulatory measures are usually applied to both mutual-stock and joint-stock insurance companies.

In China, there have been no specific regulations for mutual insurance. It was not until May 2014 that the China Insurance Regulatory Commission issued the Interim Measures for the Administration of Mutual Insurance Organizations (Draft for Soliciting Opinions). At the beginning of this year, the "Measures for the Supervision of Mutual Insurance Organizations" (hereinafter referred to as the "Trial Measures") was formally introduced and mutual insurance was incorporated into the standardization supervision.

In response, Professor Guo Guozhu from the Department of Insurance of the Capital University of Economics and Business, in an interview with the reporter of the “Daily Economic News”, pointed out: “The introduction of mutual insurance organization supervision rules can enrich the form of insurance organizations and provide legal basis for the establishment and operation of new insurance organizations. Is of great significance to stakeholders."

It is worth mentioning that after the above-mentioned policies were completed, the industry set off a wave of preparations for the "Internet +" mutual insurance companies. The reporter noted that several mutual insurance organizations with the words “mutual assistance” and “mutual assistance” are actively being planned, including platforms such as “e mutual assistance” and “mutual insurance” that have received extensive attention in the industry.

In response, Guo Yongli, general manager of the Agriculture and Forestry Risk Department of Jiangtai Insurance Brokers, told the reporter: "The purpose of the "Trial Measures" is to establish a mutual insurance mechanism for farmers, develop mutual insurance organizations for farmers, and create a legal environment for farmers' mutual insurance. And favorable policy guarantees are not the current Internet mutual insurance companies that have buzzed around. Such companies are currently not approved by the China Insurance Regulatory Commission, and there is a certain distortion in their policies."

Zhu Junsheng, a professor of insurance at the Capital University of Economics and Trade, told reporters: “The starting point of the CIRC's mutual insurance program is based on the lack of domestic mutual insurance companies and regulatory methods. It is not expected that Internet companies will be interested.” However, he also pointed out: "The regulators may adopt a more open attitude in the future and consider the mode of operation of the Internet."

Economically advanced areas or first

Although the "Internet +" mutual insurance can still take time to test, this does not affect the industry's enthusiasm.

On April 20, Bibit Technology announced the launch of China's first "Internet + Mutual Insurance Organization" to collect founding members through the entire network of Gecko mutual aid platforms. According to its introduction, only a few hours after the convening order was issued, it recruited 1,000 members. The e mutual aid platform information shows that since its official launch in July 2014, the cumulative number of registered platforms of the platform has exceeded 320,000, with a cumulative recharge of approximately 4.93 million yuan, and cumulative mutual assistance of 3 people. The cumulative mutual assistance amounted to 1.2 million yuan.

In response to this, Zhu Junsheng said: "Internet companies try different organizational forms and changed the ecology of the insurance industry. Personally think that this is a good thing - to bring more competition to the industry, but also allow consumers to have more There is plenty of room for choice. However, Internet companies are the role of challengers for traditional companies and there will certainly be objections."

For the central and western regions where the degree of economic development is relatively backward, especially in rural areas, whether mutual insurance has more room for development. Wang Xuyun, director of the Insurance Research Center of Beijing Technology and Business University, believes that “the diversification of insurance forms is related to the diversification of insurance demands, and the multilevel of insurance demand is also related to different levels of economic development, including income growth, population growth and other economic growth. In the future, there will be joint-stock and mutual-insurance companies coexisting in areas where China's economy is more developed, and there will be relatively more mutual insurance companies in underdeveloped regions."

Zhu Junsheng pointed out: "If we simply predict the next-step development trend of mutual insurance organizations in rural areas, individuals think that the more economically developed regions or innovations in advance will develop mutual insurance, because the more economically developed areas, the more likely the land will appear. Innovations such as new economic entities (such as family farms) that are transferred and encouraged. At the same time, local mutual aid agencies can diversify risks by working with local insurance companies, and insurance companies are relatively low-cost in the process of downward development.”

In addition, it is worth mentioning that in order to cultivate mutual insurance, a new type of market entity, the "Trial Measures" set relatively loose conditions for entry. Among them, the general mutual insurance organization needs to meet the main establishment conditions such as "the initial working capital of not less than 100 million yuan" and "there are not less than 500 initial members". Regional and professional mutual insurance organizations need to meet major establishment conditions such as “there are no less than RMB 10 million in initial working capital” and “have no less than 100 initial members”.

Then, will domestic development of large mutual insurance companies (ie, the general mutual insurance organizations referred to in the "Trial Measures") repeat the "non-inter-intelligence" process in developed countries?

In this regard, Wang Xuxi pointed out: "The mutual transformation of joint-stock companies and mutual companies has its historical reasons. As in the late 1980s and early 1990s, there were also mutual-stock companies' mutualization trends. The reason was that they could prevent the loss of insurance, moral hazard and other benefits; At the end of the last century, the background of “non-mutualization” was that under the trend of economic globalization, mutual insurance companies were limited by their own ability to develop. Since then, the joint-stock system and the mutual assistance system have been repeatedly intertwined according to the characteristics of the international environment. "In view of this, whether large mutual insurance companies will certainly become non-interacting cannot be generalized.