金融监管总局最新发布！非车险“报行合一”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: Regulatory Changes - The notification emphasizes the "reporting and execution consistency" principle, meaning that the actual insurance terms and premium rates must align with the submitted materials to the regulatory authority, extending this regulation to non-auto insurance [1]. - The non-auto insurance business, which excludes motor vehicle insurance, has seen its share of total property insurance premiums rise from 37.1% in 2019 to 47.4% in 2024, contributing nearly half of the total premium scale [2]. Group 2: Industry Shift - The notification aims to shift the focus of property insurance companies from pursuing scale and speed to prioritizing 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 in pricing, with many products lowering rates through differentiation, undermining the application of this principle [2]. Group 3: Detailed Requirements - The notification outlines specific requirements for premium rate management, including the need for reasonable settings of additional premium rates and service fees, and mandates that companies establish mechanisms for periodic review and dynamic adjustment of rates [3][4]. - Property insurance companies are prohibited from altering the terms and rates of insurance through special agreements or other means that deviate from the approved filings [3][4]. Group 4: Role of Industry Organizations - Industry organizations are tasked with developing standard clauses and self-regulatory guidelines for underwriting and claims in the non-auto insurance sector, enhancing the overall regulatory framework [5]. - The notification is seen as a comprehensive restructuring of non-auto insurance regulations, aimed at promoting high-quality development and better protection for consumers [5].