The China Insurance Regulatory Commission Plans To Build An Intermediary Database.

< p > the CIRC is going to join hands with China Baoxin (the full name "China Insurance Information Technology Management Co., Ltd."), and intends to use 4 months to find out the intermediary market and collect data.

28, a CIRC insider told reporters.

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< p > 24-25 April, the national insurance intermediary supervision and intermediary market cleaning up and rectification meeting was held.

Since about 80% of the premium income of insurance companies comes from intermediary channels, especially after the pan Xin incident last year, the regulation of intermediary market needs to be solved.

Xiang Junbo, chairman of the China Insurance Regulatory Commission, called for the comprehensive clean-up of "no going through the motions without leaving a dead corner".

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< p > cooperation with China Baoxin, after collecting data from intermediaries, we design an information system for risk monitoring and early warning.

For example, we can check whether the two sides have any false behavior by comparing the business data uploaded by insurance companies and intermediaries respectively.

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< p > again, according to the situation of intermediary agencies, targeted on-site inspection.

"Like the pan Xin organization, the scale of growth over the past two years is so large that this is a situation of change."

A person close to the China Insurance Regulatory Commission said.

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< p > because of the complexity of intermediaries, the existing regulatory data are "more basic, less detailed" and dispersed in local bureaus.

Now we need to supplement and co-ordinate these information.

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< p > the insiders of the Insurance Regulatory Commission admitted that the main risks of the intermediary market are concentrated on: there are many illegal problems, such as insurance companies selling through misleading intermediaries, increasing the cost of capital acquisition, selling insurance personnel with false names, illegal fund-raising, equity incentives, illegal sales of financial products, and so on, "pmitting the risk of financial risk to the insurance intermediary market".

In addition, the intermediary market behavior is not standardized. Individual intermediaries make use of the local government to do some policy business, and use the government background to create unfair competition.

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In 2009 P, in 2009, the CIRC cleaned up more than 1 intermediaries, including those who did not do business, were revoked or failed to renew valid certificates.

In the past 4 years, 165 agencies have been punished, and 63 licenses have been revoked.

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< p > but the existing < a href= "http://www.91se91.com/news/index_cj.asp > regulatory system < /a > is lagging behind, and the top-level design needs to be perfected.

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< < p > > in 2009, the insurance professional < a href= "http://www.91se91.com/news/index_cj.asp > > Agency" /a > regulation "was revised at the beginning of last year, and the minimum registered capital of the insurance professional agent company will be raised to 50 million.

The Interim Measures for the concurrent administration of insurance agency issued in 2000 are still in use so far.

"A temporary approach has not been revised in thirteen or fourteen years, and certainly can not adapt to the existing market rules."

Insiders of the Insurance Regulatory Commission said.

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< p > by the end of 2013, there were more than 2500 insurance professional intermediaries, 200 thousand insurance concurrent business agencies, and more than 3 million personal agents.

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Xiang Junbo, chairman of the Insurance Regulatory Commission, Xiang Junbo personally approved the 1 year plan of rectification: < /p >.

By the end of July, the insurance companies and intermediaries were required to submit reports covering 31 data sheets, to find out the development of the insurance intermediary market, personnel, business operations, system construction, risks and other risks, and to grasp the overall situation, basic characteristics and main problems of the insurance intermediary market. P

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< p > by the end of October, we should concentrate on rectification, investigate and deal with "a href=" http://www.91se91.com/news/index_cj.asp "> Insurance Company < /a > use insurance intermediary agencies to illegally collect fees, and so on. We should clear up a number of illegal institutions and personnel in accordance with the law, and punish them in a batch.

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Before P > March 2015, the basic system of insurance intermediaries should be improved, the management rules and regulations should be abolished, and the supervision and regulation of insurance agents, brokers, public assessments and so on should be revised and improved.

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< p > the Insurance Regulatory Commission announced that it will set up a leading group of the insurance intermediary market rectification and rectification work. The vice chairman of the CIRC, Huang Hong, will be the leader of the eight departments, including the production insurance, life insurance, intermediaries, and auditing. The local insurance regulatory bureaus will be the main organization and implementers of the rectification and rectification work, and the local insurance regulatory bureaus and insurance companies are also required to set up a special leading group.

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< p > in addition, the risk characteristics of the emerging channels such as the Internet and WeChat terminal are also focused on the CIRC.

"Not only is the intermediary sector, but life insurance is also being studied according to the characteristics of the products, and the relevant regulatory provisions are expected to be introduced soon."

The above-mentioned Insurance Regulatory Commission said.

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