China Taiping Manual Underwriting Process

Underwriting process:

Risk inquiry and analysis, based on the results of the insured's medical examination, photos of the insured vehicle's vehicle inspection, photos of the insured property's pre-insurance survey, and the need to determine the risk level of the insured to determine whether or not to underwrite the policy, determine the charges, prepare the underwriting plan, review the insurance information, review the insurance contract, and issue the insurance policy. If there is a need to change the insurance policy, analyze the application for approval, determine the content of the approval form, and issue the approval form.

The underwriter is responsible for each insurance contract and will be held liable for significant losses incurred by the company in the event of a violation of the underwriting rules. He or she must be experienced and attentive, have a keen sense of curiosity, understand information about various industries, and have a certain degree of knowledge of contract law, safety laws, and medical care.

Key elements of underwriting:

Underwriting involves both ex ante risk selection and ex post risk selection.

(1) The ex ante risk selection is based on the risk selection of the exhibition, further analysis and review of the subject matter that can be underwritten, to determine whether to accept the coverage and its conditions.

①Policyholder qualifications

The core of the review of policyholder qualifications is to determine that the policyholder has an insurance interest in the subject matter of the insurance, which is mainly accomplished in the automobile insurance business by checking the driving license.

②Basic information of the policyholder or the insured

The basic information of the policyholder or the insured is mainly for the fleet business. By understanding the nature of the business, whether there is a safety management department, mode of operation, the main operating routes, etc., the insurance company can analyze the technology and experience of the policyholder or the insured on vehicle management, and discover its possible business risks in a timely manner, so that it is easy to take the necessary measures to reduce and control the risks, and to achieve a scientific operation.

③ Credibility of the policyholder or insured

In recent years, a large number of insurance fraud phenomenon in the field of automobile insurance, some unscrupulous elements use fictitious insurance benefits, manufacturing insurance accidents, faking the accident scene, expanding the accident loss and other means to carry out fraudulent activities. Therefore, the investigation and assessment of the credibility of the policyholder or insured has gradually become one of the important contents of automobile insurance underwriting work.

An important means of evaluating the credibility of the policyholder or insured is to know about their past losses and claims, and those insured who often "jump search" to change insurance companies without a reasonable cause often have moral risks.

4 insurance subject matter

The insurance vehicle should be used as far as possible "car inspection and underwriting" approach, that is, the actual inspection of the vehicle, including understanding the use of the vehicle and the management of the situation, photocopying of the license, purchase of the vehicle's tax certificate, topography of the engine and the frame number, for some high-grade vehicles should also take pictures and establish a vehicle file. and establish a vehicle file.

5 insurance amount

The determination of the insurance amount involves the interests of the insurance company and the insured, and is often the focus of disputes between the two sides of the insurance, so the determination of the amount of insurance is an important part of the automobile insurance underwriting.

6 insurance premium

The underwriter's review of the insurance premium is mainly the review of the application of the rate and the review of the calculation of the insurance premium.

7 Riders

Basic insurance and standard terms and conditions provide protection against the risk of automobile ****, but as an individual risk has its own characteristics. A perfect insurance program should not only solve the problem of ****ness, but more importantly, solve the problem of individuality, i.e., the additional terms apply to the individuality of the risk. Since specificity often implies high risk, more attention should be paid to the application of the rider to the problem of special assessment and analysis of risk, careful acceptance and formulation of conditions.

(2) ex post facto risk selection is to eliminate the subject matter of insurance beyond the scope of insurable risks, for example, the insurance contract will not be accepted for renewal after the expiration of the insurance contract; write-off of insurance contracts in arrears of premiums; terminate halfway through the fraudulent behavior of the insurance contract and so on.

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