2 1 Shi Ji Jing Ji Bao Dao·2025-10-30 04:43Core Insights - The regulatory scrutiny in the insurance industry is intensifying, with penalties being imposed on both institutions and individuals for various violations [1][5][6] Regulatory Penalties - In the first three quarters of 2025, the total fines in the insurance sector exceeded 300 million yuan, marking a year-on-year increase of 9.64% [1] - The number of penalties issued in Q3 2025 reached 632, with a total amount of 134 million yuan, affecting 369 institutions and 696 individuals [3] - The fines in September alone amounted to 30.91 million yuan, representing a significant year-on-year increase of 136.9% [3] Common Violations - The most prevalent violations include "Five Falsifications" (虚列费用, 虚假承保, 虚假退保, 虚挂保费, and 虚假理赔), with financial data inaccuracies being the leading cause of penalties, accounting for 33.94% of all violations [3][4] Individual Accountability - The regulatory approach has shifted to a dual penalty system, holding both institutions and individuals accountable, with personal fines amounting to 64.73 million yuan, which is 20.94% of the total fines [5] - The number of individuals banned from the industry has significantly increased, particularly among mid-to-senior management [5] Regulatory Framework and Technology - The new regulatory framework emphasizes strict oversight, as outlined in the "New National Ten Articles," which focuses on stringent market entry, continuous supervision, and effective risk prevention [6] - Technological advancements in regulatory practices include the use of systems like EAST and real-time monitoring tools, enhancing the efficiency of regulatory oversight [6]