“见费出单”：让非车险竞争回归“比拼真功夫”

Core Viewpoint - The implementation of the "fee transparency and compliance" policy in the non-auto insurance sector, effective from November 2025, marks a significant transformation in the property insurance industry, with the "fee-based issuance" rule being a key focus of recent discussions [1][2]. Group 1: Policy Implementation - The "fee-based issuance" rule requires insurance companies to issue policies and invoices only after receiving the actual premium, which aims to enhance compliance and market order [1][2]. - This rule is an extension of the previous management system in the auto insurance sector, which has proven effective in curbing issues like high accounts receivable and off-the-books operations [1][2]. Group 2: Industry Challenges - The rapid expansion of the non-auto insurance market has been plagued by irregularities in accounts receivable management, with the "pre-issue and post-charge" model facilitating various violations [2]. - Such non-compliance has led to a vicious cycle of high costs and low profitability, distorting financials and creating disputes between insurers and policyholders [2]. Group 3: Benefits of the New Rule - The "fee-based issuance" rule addresses these issues by blocking loopholes at the source, improving asset quality, and alleviating cash flow pressures for insurance companies [2]. - It clarifies the responsibilities between payment and underwriting, reducing disputes over claims and enhancing consumer rights [2]. Group 4: Pilot Programs and Market Impact - Various regions have initiated pilot programs for the "fee-based issuance" rule, with notable implementations in Shandong, Yunnan, and Dalian, showcasing different approaches to compliance [3]. - As of the first half of 2025, non-auto insurance premium income reached 512.21 billion, accounting for over 50% of the market, indicating its critical role in the overall stability of the property insurance sector [3]. Group 5: Long-term Industry Outlook - The standardization of the "fee-based issuance" is expected to shift the non-auto insurance industry from a "scale-oriented" to a "value-oriented" model, leading to industry reshuffling and optimization [4]. - This transformation will enable better alignment with the risk protection needs of the real economy, supporting both small enterprises and households [4]. - The widespread adoption of the "fee-based issuance" rule is anticipated to foster a more resilient, efficient, and valuable development ecosystem within the property insurance industry, contributing to high-quality growth and providing robust risk protection for economic stability [4].