11月起实施，非车险“报行合一”落地：明确“见费出单”

Core Viewpoint - The National Financial Regulatory Administration has issued a notification to extend the "reporting and implementation" regulatory system from the auto insurance sector to the non-auto insurance market, effective November 1, 2025, while abolishing the old regulations from 2007 [2][3]. Industry Background - Non-auto insurance has seen rapid growth, with its premium share increasing from 37.1% in 2019 to 47.4% in 2024, according to Guosen Securities [2][3]. - Major insurance products like liability and corporate property insurance are facing underwriting losses, prompting the need for regulatory changes to curb irrational competition and shift focus towards product innovation and service enhancement [2][3]. Regulatory Changes - The notification defines non-auto insurance as all property insurance excluding vehicle insurance, with specific provisions for agricultural and export credit insurance [3]. - The notification mandates property insurance companies to strengthen premium rate management and adhere to approved insurance products, establishing a "reporting and implementation" requirement for non-auto insurance [3][4]. Financial Management Improvements - The notification addresses the issue of non-standard premium receivable management, emphasizing that insurance companies must issue policies and invoices only after receiving premiums [6]. - It aims to reduce financial risks and bad debt pressure on property insurance companies, promoting a shift from extensive competition to a focus on service and quality [6]. Collaborative Efforts - The notification emphasizes the need for regulatory bodies to monitor operational indicators of property insurance institutions and conduct timely regulatory interviews and inspections for those exceeding approved fee levels [7]. - Industry organizations are required to assist in enhancing non-auto insurance regulation, including developing industry standard clauses and self-regulatory guidelines [8][9].