What Is All Risk Insurance?

Insurance risk refers to a danger or accident that has not occurred and can cause the insured to suffer damage, such as a natural disaster, accident or incident. Events that are considered insurance risks are both probable and accidental.

Insurance risk

First of all, we must standardize management and strict management. As a capital-intensive enterprise, insurance must resolutely implement the state's

Under the new situation, the Insurance Regulatory Commission must strengthen its work in five areas:

1. Prevent insurance risks ahead of time. With the participation of media at home and abroad, insurance companies from all walks of life are very active in applying for insurance companies. It should be noted that there are many links between the potential of insurance and reality, which requires a lot of effort. A long process. When examining their qualifications, all non-market factors should be excluded. Strict review of market entry requirements in strict accordance with the <Insurance Law>. On the premise of preventing low-level redundant construction in the insurance field, the qualifications of senior managers should be strictly controlled for their capital requirements. At the same time, it is necessary to carry out regular inspections on the various extraction standards for reserves as early as possible.

2. Rectify market order. Facing the risks that have emerged in China's insurance industry, we must first clear external interference. We must vigorously publicize the difference between social insurance and commercial insurance, and publicize commercial insurance regulations. Fundamentally stop commercial insurance business in the name of social insurance, and stop illegal self-insurance. Especially for those illegal acts of raising funds in the name of insurance. It is necessary to cooperate with other competent departments and give serious treatment.

3 Strive to relax the scope of use of funds. Practice has shown that the huge threat to the insurance industry is not only in catastrophes such as typhoons and earthquakes, but also the risks caused by the use of illegal funds. Gradually and prudently relax the scope of the use of insurance funds to facilitate the strengthening of insurance companies and a virtuous circle of operations.

4 Improve the technical content of insurance supervision. One of them is based on the national bank deposit and rate level for a long time. Adjust the predetermined interest rate for life insurance, design floating-rate life insurance policies, and enhance the company's ability to resist risks. The second is to study and modify the specific extraction methods of various reserves. Make it more scientific and reasonable, and guarantee the full withdrawal of reserves; Third, establish and improve the actuarial system of insurance companies, combining conventional actuarial and special actuarial. An independent actuary firm was established to reflect the risk status and solvency of each insurance company in a timely manner.

5. The standardized treatment of market withdrawal. Relative market entry. The exit of the market is also imperative. As the insurance market matures. Incidents of scattering, merging, and stopping of insurance institutions will inevitably occur. How to deal with it carefully. We need to plan ahead to minimize the social shock caused by the withdrawal of insurance institutions, and take timely takeovers, mergers, acquisitions or other measures to effectively protect the interests of the insured.