· China's auto insurance year a false claim or up to 4 billion yuan

Insurance plays the role of a social stabilizer, but its premise is the stability of the insurance company itself. Therefore, the risk management capabilities of insurance companies are crucial. In 2014, what risks did Chinese property and casualty companies face? What kind of work does the insurance company carry out in response to these risks?
The "Securities Daily" reporter combed the annual report of the Chinese property and casualty insurance company and found that the risk exposure in the process of claim settlement was more, and the amount of false claims in the industry amounted to 4 billion yuan; while the investment risk control in 2014 was better. The net profit of 61 non-listed property insurance companies in 2014 totaled approximately RMB 34.4 billion.
False Claims Cases Raise Insurance Costs According to the information disclosed in the annual report, in 2014, Cinda Property Insurance reduced the cost of claims by implementing centralized management of claims, and only refused to pay for counterfeiting, that is, the cost of claim settlement was 22.18 million yuan. At the same time, Yongan Insurance's various claims centers broke 285 false cases, and the amount of damages reached 18.8543 million yuan. However, the company said that the risk of false claims cases still exists and needs to be further strengthened.
This is the case of two insurance companies that explicitly disclosed anti-false claims data, and most insurance companies did not include relevant data in the annual report. The industry believes that the situation of the above two insurance companies can become an important reference for the industry.
In 2014, Cinda Insurance's auto insurance premium income was approximately 2.96 billion yuan, and Yongan Insurance's auto insurance premium income was approximately 5.532 billion yuan, which together accounted for approximately 1.5% of the industry's total premiums. Based on this calculation, the amount of fraudulent claims for auto insurance in the entire Chinese property insurance industry has reached 2.7 billion yuan. Since car insurance accounts for about 73% of the premiums in the Chinese property and casualty insurance industry, it is also a field where false claims are concentrated. However, not all false cases can solve the case. Therefore, the industry expects that the amount of false claims in the industry will be 4 billion yuan. about. According to the statistics of the "Securities Daily" reporter, the net profit of 61 non-listed property insurance companies last year was 34.4 billion yuan.
In order to reduce the cost of compensation and combat false claims, insurance companies have taken a number of measures. For example, Cinda Property Insurance’s auto damage insurance, nuclear damage, intentional health insurance, and auto insurance claims have all been implemented, and the vehicle, personal injury and damage rules have been established. Advance the practice of claims standardization. Through strict review of spare parts and working hours prices, we will strengthen control over major cases, special grades, suspicious cases and human injury cases, promote re-exploration and anti-fraud, strictly enforce litigation and public assessment management, and strictly control various risks in the claims section.
Taiping P&C adopts the standardization and systematic treatment of car insurance regular business pricing, and implements a single negotiation and quota management for unconventional business; forcibly conducts risk investigation before underwriting, implements the system of serious case review, strengthens the management of major claims, and effectively guards against a series of measures. The risk.
Sunshine Property Insurance developed the second-generation auto insurance claims system, realized the refined management and auto-control of auto insurance claims; developed the auto insurance risk platform, transformed the risk points of each link into system rules, and set up the risk rule base in all aspects of claims. The system rules triggered by the case submission effectively reduce the risk of claims. In terms of non-auto insurance claims management, the company canceled four regional centers, and unified tracking and management of major cases by the head office claims department of the company, ensuring the accurate internal control of the major cases; The Notice on the Management of Personnel in the Property Insurance Claims Line, Strengthening the Internal Control Constraints on the Management of Claim Lines.
According to industry insiders, from the current situation of the industry, market irregularities, adverse selection, and moral hazard remain the main risks of claims management. First, the lack of social integrity system, insurance-related interests to create false claims can not be effectively restricted; second, the lawsuit is weak, the principle of the insured is over-used; third, the car repair market is complex, the quality of accessories is uneven, a few The repair shop adopts various methods such as adding maintenance items, replacing parts for repairs, and sub-filling parts to obtain additional profits. Fourth, some claimants have poor skills, and the scale of claims is not accurate. It is difficult to find fraudulent claims and false claims. Happening.
The high yield of investment products and the increase in the control of the expense rate, the reduction of the loss ratio, and the improvement of the rate of return are all important drivers for the improvement of the business situation. In 2014, from the perspective of market risk management announced by Chinese property insurance companies, insurance companies basically adopted a relatively stable investment method and risk control strategy, and the profit rate also reached a new high.
According to the annual report of the CPIC Property Insurance, in 2014, the yields of 1-year Treasury bonds and AAA corporate bonds fell by 96 and 159 basis points respectively, and the yields of 10-year Treasury bonds and AAA corporate bonds fell by 93 respectively. 131 basis points. The lower interest rate has a certain positive impact on the valuation of fixed-income assets of insurance companies, and has also boosted the investment income of insurance companies.
At the same time, some insurance companies have taken a number of preventive measures on investment risks. For example, Taiping Property Insurance Co., Ltd. conducts centralized examination and approval and authorization of investment behavior by the board of directors. The specific investment is managed by the asset management company entrusted by the group; setting the risk proportion limit of each investment product, rationally arranging the proportion of risk assets; multi-dimensional diversification investment risk , a single variety, the counterparty to implement concentration restrictions. Control asset portfolio duration, focus on liquidity risk; choose high credit rating opponents, pay attention to protection mechanism. Regularly communicate with the trustee, pay attention to the project process in real time, conduct stress tests on a regular basis, analyze and issue risk control reports.
Jintai Insurance also conducts risk management and control of investment business through a series of new systems, and has set up an independent investment management department, which is responsible for the management and application of company funds, and implements intensive and professional management of insurance funds. The company adopted a risk-based management strategy that focuses on safety and efficiency, as well as a model of capital utilization that combines investment with self-investment.
The ratio of fixed income assets such as bonds and agreement deposits of Taishan Insurance to total investment assets is 65.98%, and the income is relatively stable. Equity investment accounted for 18.85%, targeting market liquidity loose, risk-free interest rate downside, financial reform, state-owned enterprise reform expectations and other factors superimposed, steadily magnifying the proportion of equity investment, accumulating a certain income security mat, market risk is relatively control. In 2014, the company's investment yield was 6.13%.
From the perspective of the whole industry, according to the statistics of the "Securities Daily" reporters, the total investment income of Chinese property and casualty insurance companies in 2014 was about 48.76 billion yuan, a substantial increase of 67.5%.
In addition, it is worth noting that in 2014, the credit risk of individual insurance companies increased, and the premiums receivable increased significantly. For example, as of the end of 2014, the balance of premiums receivable from Yongan Insurance was approximately 207 million yuan, an increase of 5.27% over the beginning of the year. “The main reason is that the government’s centralized procurement of agricultural insurance business did not pay premiums on time,” the company said.
Some insurance companies have solvency as of the end of 2014, although they have achieved sufficient Class II standards, but the rate of decline is relatively fast, and it continues to decline as business growth, which will affect the company's underwriting capacity. Therefore, the risks brought about by changes in solvency also need to attract the attention of insurance companies.

DBNPA 2,2 Dibromo 3 Nitrilopropionamide

Molecular formula: C₃H₂Br₂N₂O

Molecular weight:242
CAS NO.: 10222-01-2

Chemical Name: 2,2 Dibromo 3 Nitrilopropionamide, DBNPA

Application:

It is a kind of Water Treatment Material . Biocides in broad spectrum. It is widely used in industrial circulating water system, large air-condition and the large center of sewage treatment to eliminate microorganism and alga and shuck off clay. It is also used in the process of paper making to prevent reducing quality of paper by generation of microorganism. It is suitable for metal cutting of cooling liquor, recovery system of oil, latex and ply-woods as anti-spy biocides. It has following advantages: Easy to handle. No unusual oxidation hazards. Similar performance and safety in paper and oilfield applications. Used for slime control in the wet-end of the paper mill and performs exceptionally well against slime-forming bacteria. DBNPA has exhibited outstanding efficacy against in bio-films and against a broad spectrum of bacteria, fungus and yeasts.

DBNPA series products are used in the short-term preservation of coatings and coating additives such as latex, starch and mineral slurries. DBNPA is a fast-acting/quick-kill biocide that is broad-spectrum, and does not contain or release formaldehyde.

It is a kind of Water Treatment Material, similar to TTA Tolyltriazole , Isothiazolinones Bactericid, Anthracite Filter Material, Garnet Filter Material , Polyaluminum Chloride PAC and PAM Polyacrylamide Flocculant.

DBNPA Specifications

DBNPA 20% Solution:

Package:

In plastic bag or kraft carton.

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