Shanghai automobile insurance market competition of radical violation fee market behavior

Today's motor insurance market, a Word can be summarized: " ". Fees for many small companies have been given to more than 20%, if we are to maintain the original level of fees, the business cooperation with intermediaries can only temporarily to a standstill. "Recently, some media according to a copy of the materials received the insurance industry, Shanghai automobile insurance fees have breakthrough discipline Convention 15% ceiling. By region, urban channels of commercial vehicle insurance fees generally at 18%, and the suburb the Agency has more than 20%; classified on a scale that large fees remain at 18%, 20% to small companies, individual newly set up company to 26%. A property company in Shanghai said that large companies in Shanghai area of 18%, small and medium-sized companies cent fee status, inadvertently reveals the market power of differentiated fees authorized attitude. According to industry analysis, Shanghai property market "bellwether" battle of the upgrade, the new company on the urgent pursuit of the business, is to provoke a fuse of this round of fee increases. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture according to Shanghai insurance prison Council statistics, this year Qian 2 months, peace casualty Shanghai market share share for 18.8%, protection casualty Shanghai market share share up 17.9%, both of gap does not to 1%, who are has opportunities became Shanghai casualty "leading". As the largest single Shanghai property market-insurance, motor insurance can become military strategists a place of strategic importance, competition fees was inevitable. In addition, Shanghai property market topics there have been "new blood" into, zijin, Xinda, zheshang, tripod and hope that with motor insurance businesses expand their market presence. According to the Shanghai Insurance Association statistics in the first quarter, "grade" of zijin and cedar, motor insurance business premium income increases of $ 25.69 million and $ respectively, among the city's 3rd and 5th of motor insurance increase; "first grade" Zhejiang merchants and tripod and, motor insurance business percentage in the company's total premiums per cent and 74%, respectively. According to the media, a dozen small and medium-sized property companies in Shanghai have jointly proposed the implementation of differentiated fees self-discipline in Shanghai, but ultimately to no avail. Industry estimates, with the development of the current automobile insurance market, to the end, protection, safe, Turbo motor insurance market share of the 3 companies total nearly 80%. If we say that small and medium-sized property companies now or reason, to the end of may market will return to the 2008 year of chaos.