Financials, Automotive, Technology Nov 26, 2021 08:38 PM (GMT+8) · EqualOcean
Cailian, November 26 (Xinhua) -- the person in charge of relevant departments of the China Banking and Insurance Regulatory Commission said that the China Banking and Insurance Regulatory Commission has paid attention to the difficulty of insuring operating vehicles in individual regions. Affected by factors such as use intensity and driving environment, the risk of some operating vehicles is relatively high. Out of concern about operating losses, insurance companies are more cautious about underwriting this kind of business. The grass-roots institutions and personnel of individual insurance companies are facing the pressure of performance evaluation at the end of the year, lack of underwriting enthusiasm, and even refuse insurance. In this regard, the cbcirc is guiding the local regulatory authorities to take timely measures to actively solve relevant problems.
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