金融监管总局最新发布！这一新规11月正式落地

Core Viewpoint - The article discusses the implementation of new regulatory measures for non-auto insurance businesses in China, emphasizing the need for compliance with approved insurance terms and rates, aiming to enhance the quality and effectiveness of the insurance sector [2][4][10]. Summary by Sections Regulatory Changes - The Financial Regulatory Bureau issued a notification requiring property insurance companies to optimize their assessment mechanisms for non-auto insurance, standardize product development, and strengthen premium rate management, effective from November 1, 2025 [2][4]. - The notification extends the "reporting and execution consistency" regulation to non-auto insurance, ensuring that actual insurance terms and rates align with those submitted to regulatory authorities [2][4]. Industry Trends - Non-auto insurance has seen significant growth, with its share of total property insurance premiums rising from 37.1% in 2019 to an expected 47.4% in 2024, contributing nearly half of the total premium scale [4]. - The industry is shifting focus from scale and speed to quality and effectiveness, as highlighted by industry leaders [3][4]. Compliance and Management - The notification outlines detailed requirements for premium rate management, including the need for reasonable setting of additional premium rates and fees, and mandates that companies establish mechanisms for periodic review and adjustment of rates [6][7]. - Property insurance companies must strictly adhere to approved insurance terms and rates, prohibiting any unauthorized changes through various means [6][7]. Role of Insurance Intermediaries - The notification emphasizes the responsibility of property insurance companies to manage insurance intermediaries, ensuring that only qualified entities are involved in sales activities and that fees are aligned with the services provided [7]. - Companies are prohibited from circumventing fee limits through deceptive practices, and any violations will be subject to regulatory measures [7]. Industry Self-Regulation - 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 [9][10]. - The notification is seen as a comprehensive effort to enhance the regulatory framework for non-auto insurance, promoting rational competition and high-quality development in the sector [10].