金融监管总局最新发布！这一新规11月正式落地

Core Viewpoint - The Financial Regulatory Bureau has issued a notification to strengthen the regulation of non-auto insurance business, requiring property insurance companies to optimize their assessment mechanisms, standardize product development, and enhance premium rate management, effective from November 1, 2025 [1][2]. Group 1: Non-Auto Insurance Business Overview - Non-auto insurance business refers to all property insurance activities excluding motor vehicle insurance, with agricultural insurance and export credit insurance subject to separate regulations [2]. - The share of non-auto insurance in total property insurance premiums has increased from 37.1% in 2019 to 47.4% in 2024, contributing nearly half of the total property insurance premium scale [2]. Group 2: Regulatory Changes and Implications - The notification emphasizes the need for property insurance companies to shift their focus from scale and speed to quality and efficiency in their non-auto insurance operations [2]. - The long-term losses in non-auto insurance are attributed to deviations from the law of large numbers, with many products sold at reduced rates through differentiation, undermining proper pricing [2]. Group 3: Rate Management and Compliance - The notification outlines detailed requirements for rate management, including the need for reasonable setting of additional rates and fees, and mandates that companies establish mechanisms for periodic review and dynamic adjustment of rates [3]. - Property insurance companies must strictly adhere to the approved insurance terms and rates, prohibiting any substantial changes through special agreements or other means [3][4]. Group 4: Insurance Intermediary Management - Property insurance companies are required to manage insurance intermediaries responsibly, ensuring that only qualified entities are engaged in sales activities and that fees paid align with the services provided [4]. - Companies must accurately report management expenses and ensure that intermediary fees do not exceed the approved limits, avoiding any disguised payments [4]. Group 5: Enforcement and Industry Standards - The notification specifies that regulatory measures or administrative penalties will be enforced against companies that fail to comply with the approved terms and rates or provide false documentation [5]. - Industry organizations are tasked with developing standard clauses and self-regulatory guidelines for underwriting and claims processes to support the implementation of the new regulations [6]. Group 6: Future Directions - The Financial Regulatory Bureau emphasizes that the notification is a significant step towards optimizing non-auto insurance regulation, aiming to promote high-quality development in the sector and better protect consumer rights [6].