In the Shanghai Free Trade Zone's insurance industry under the policy environment of "first try, streamline administration and delegate powers", another New Deal has been released in full swing. "China Business News" learned from the Shanghai Insurance Regulatory Bureau that in order to support the construction of Shanghai International Financial Center, International Shipping Center, and Shanghai Pilot Free Trade Zone, with the approval of the China Insurance Regulatory Commission, Shanghai will take the lead in launching shipping insurance products on July 1. Reform of the registration system.
It is understood that the shipping insurance product registration system is jointly participated by four types of entities: insurance regulatory authorities, industry associations, third-party institutions, and insurance institutions, forming an overall structure that is authorized by the regulatory authorities according to law, organized by associations, operated by third-party platforms, and independently registered by market entities. .
Specifically, the Shanghai Maritime Insurance Association is responsible for the registration and management of shipping insurance products, replacing substantive reviews with formal reviews, and the supervisory authority retains the administrative supervision power of the product registration system. Shanghai Maritime Insurance Association undertakes the functions of registration management, establishes a registration system, manages registration activities, and conducts procedural and standardized formal audits of registered products. The third-party organization is responsible for the daily operation and maintenance of the shipping insurance product registration management platform. At the same time, the Shanghai Maritime Insurance Association will learn from international practices and register the association’s shipping insurance product terms. Member insurance institutions carry out shipping insurance product registration activities in accordance with the registration management system, and can independently use registered products in accordance with relevant regulations.
According to Pei Guang, director of the Shanghai Insurance Regulatory Bureau, the reform of the shipping insurance product registration system emphasizes streamlining administration and delegating power, shifting product supervision from government-led to market-led, and from pre-approval and filing to post-regulation. Transfer from department to social organization. At the same time, in accordance with international practices, the registrant determines the product rate according to the actual situation, and uses the registration language according to business needs.
It is worth noting that the Shanghai shipping insurance registration system reform has also set a protection period for newly registered products. "In order to encourage and support product innovation, market entities can develop registered products completely in accordance with market demand and competition requirements, and new registered products are allowed to set a 6-month protection period. After the protection period, all the information of the registered product will be disclosed. Companies can use their own registered products, they can also use other registered products outside the protection period of the registrant, or use the terms of the association. This can also activate the market and promote competition." Pei Guang said.
According to industry insiders, the implementation of the registration system for shipping insurance products will fully release the development momentum of market players, effectively stimulate independent innovation in the market, better improve the service level of Shanghai shipping insurance, better promote the construction of Shanghai international shipping center, and better protect the "Belt and Road" A large sea and land transportation and trade channel.
According to data from the Shanghai Insurance Regulatory Bureau, since 2009, the Shanghai shipping insurance industry has provided a total of 18.65 trillion yuan in risk protection for the national economy. The insurance coverage includes ships, cargo transportation, logistics and related personnel responsibilities, and strengthens the shipping industry’s ability to resist risks. And the restoration of reproduction provide important support. In 2014, Shanghai’s cargo insurance premium income was 4.019 billion yuan, accounting for 26.7% of the national cargo insurance business, far exceeding Hong Kong and Singapore, and accounting for about 18% of the cargo insurance business in the Lloyd’s market in the United Kingdom. The status of insurance center is basically established.
来源:第一财经日报
