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The National Premium Data Is Exposed To 100 Billion Yuan Error &Nbsp, Which Is Caused By Different Collection Sources.

2011/8/23 9:30:00 38

National Premium Data 100 Billion Yuan Error

Although insurance companies have been collecting funds through intermediary business, they have been the object of regulators' clearance, but this violation has never been eliminated.

However, a report of the China Insurance Regulatory Commission inadvertently revealed that the insurance intermediary channel concealed premiums in the first half of last year by hundreds of billions of yuan.

Analysts believe that insurance companies concealing premiums is to cash in on cash.

Insurance

Intermediary channels include professional insurance intermediary channels, banks and other concurrent business channels and marketing channels, which is the main source of insurance company's business income.

Recently, the China Insurance Regulatory Commission released the first half of the insurance intermediary market report. In the first half of this year, the national insurance company achieved a premium income of 704 billion 363 million yuan through intermediary channels, even though the year-on-year decrease of 0.8%, but accounted for 87.48% of the total premium income in the same period.

According to a year-on-year decrease of 0.8%, it should be 709 billion 943 million yuan in the same period last year, but the report released by the Insurance Regulatory Commission last year showed that the premium income of insurance intermediary channels was 587 billion 479 million yuan in the first half of the year.

Two reports, the same "data", the premium difference is as high as 122 billion 464 million yuan.

Among them, the premiums of insurance professional intermediaries and part-time intermediary channels differ by 12 billion 889 million yuan and 35 billion 584 million yuan respectively, while the difference between salesmen's channel premiums is as high as 74 billion 14 million yuan.

In this regard, most of the industry analysis is likely to be due to implementation.

New accounting

The guidelines result.

It is understood that after the implementation of the new accounting standards at the beginning of this year, the income of universal life insurance and investment linked insurance business in life insurance business will be calculated separately.

"If the premiums ($704 billion 363 million) in the first half of this year and premiums (709 billion 943 million yuan) in the first half of last year were all taken out of the data of some business income of universal insurance and investment linked insurance, the amount of last year's report should be much higher than 709 billion 943 million yuan."

An insurance expert believes that there is obviously no reason why there is such a big difference in data statistics due to the implementation of the new accounting standards.

When the market questioned the authenticity of the data, the CIRC official explained that it was caused by different data collection sources.

According to the person, the data were mainly reported by insurance companies and insurance agencies, and this year, the insurance companies are directly extracted from the premium database of insurance companies, so the extracted data are more accurate.

"This shows that the data previously reported by insurance institutions are very heavy."

Above insurance experts analysis, insurance agencies concealing or lagging reporting premium is likely to seize some funds.

Insurance intermediary market using premium cash is a common violation. In the first half of this year, the CIRC carried out on-site inspection of insurance intermediary business, and found that the illegal acquisition of funds amounted to more than 8000 yuan, involving a premium of about 800 million yuan.

Among them, the illegal cash flow is mainly manifested in the fact that the insurance companies are pferring intermediary business through direct business, making a false list of salesmen's head, pferring their own insurance business to intermediary business, and making false charges.

This year, the CIRC directly extracted data from the insurance premium database of various insurance companies, and accurately grasped the sources of all premiums, thus effectively preventing illegal cash pactions.

Does concealing insurance premiums affect insured customers?

interest

It is also a major focus of market concern.

In this regard, an insurance claims Officer explained that concealment premium is not related to the interests of customers. As long as the insured information is entered into the insurance company system, the insurance policy will prove that the relevant risks stipulated in the insurance contract should be protected.