On 13 march, the 15-year-long “three-tier” financial sector was broken down. The superintendence of insurance and the superintendence of silver were formally merged and the responsibility of the superintendence of banks and the superintendence of insurance was assigned to the central bank for the preparation of important draft laws and regulations on banking, insurance and the basic system of prudential supervision。
A whole new regulatory system for the currentInternet financeIndustry is certainly good news。
In particular, in the case of internet finance+performance assurances, bank deposits, etc., the merger of the superintendence and the superintendence of insurance has brought closer the relationship between banks, venturers and network lending, all of which have cross-cutting sectors, e. G., bank deposits on internet loans, net loans and performance assurance insurance in cooperation with venturers, among others, to achieve effective optimization。
In 2018, the “internet finance + compliance guarantee” model will also enter its third year. Looking back at the evolution of internet finance, the “internet finance + performance guarantee” model was an important turning point that changed the traditional “p2p+ guarantee” model to be significant。
A new industry model for internet finance + performance assurance insurance
In july 2015, the people's bank of china, the ministry of industry and communications, the ministry of public security and the ministry of finance, among other 10 ministries, jointly issued guidance on promoting the development of financial health on the internet, which clearly states that insurance companies are encouraged to work with internet enterprises to increase the risk resilience of internet financial enterprises. This document can be said to provide a policy basis for cooperation between internet finance and risk companies。
By the end of 2017, more than 100 web-based lending platforms had worked with insurance companies, covering 16 types of insurance, such as performance guarantee insurance, account security insurance, etc. However, “internet finance + performance guarantee insurance” is the preferred type of cooperation with insurance companies。
In the case of performance bonds insurance, account security insurance and personal accident insurance, the main subject of the guarantee insurance is the principal and interest of the investor, the borrower is in arrears, is unable to pay in time and is reimbursed by the insurance company; the other two types of insurance are covered under certain conditions, such as theft of accounts, personal accident of the borrower, etc。
The internet finance+performance insurance is more advantageous than the traditional p2p+ guarantee. On the one hand, it helps the platform to further dilute risks and improve the security of user funds; insurance, on the other hand, is a relatively sophisticated financial product, and the p2p+ insurance complements the p2p platform's own wind control system, which is tantamount to adding a safety net outside the platform。
Zhu fu joins forces to level off and secure off-line compliance insurance to accelerate industry compliance
In recent days, zhou fu-pu hui has issued a notice of an upgrade of the safeguard scheme, stating that, following the provision of “loan performance guarantee” insurance for borrowing up to one year's duration with the taifu financial insurance scheme, chinese people's property insurance has also joined the performance guarantee insurance scheme of the zhu-foo platform, while two state-owned insurance companies have provided performance guarantee insurance for the users of the zhou-foo platform。
In cooperation with insurance companies, the e-credit platform appears to have created a new storm in the area of internet finance, with more than 20 existing e-credit platforms that are known to be working with venture companies to implement performance assurance insurance。
In terms of the model of performance guarantee insurance, the advantage of performance guarantee insurance is that if the policyholder (i. E. The debtor, in this case the borrower) fails to meet its repayment obligations under the terms of the contract or the law, the insurance company assumes liability under the policy。
In the context of the gradual compression and elimination of the risk provision, how the platform could further refine user safeguards has become one of the key areas of “year of filing” competition. The introduction of performance insurance services has undoubtedly played an important role in the user security system, and numerous platforms have sought the cooperation of insurance companies on performance insurance。
Performance assurance insurance controls may be further promoted
With the merger of the insurance council and the bank's superintendence, china's financial regulatory system will in the future form a new “two-tier” structure: the people's bank of china, the china securities commission and the china bank's insurance board. Under the new financial regulatory landscape, there will also be more possibilities for wind cooperation, such as internet lending。
It was indicated that the merger of the board and the board would promote synergy between the various agencies. For example, both regulators and insurance companies are now cautious about, or will contribute to, the harmonization of regulations。
Through the development of internet finance + compliance assurances over the last four years, and the landing of integrated regulation, it may be possible in the future that the performance assurance insurance business will be further developed in the area of internet finance。
However, the cooperation on performance assurance insurance is very demanding for the platform. As mature financial institutions, insurance companies have high risk management capabilities of their own. There are also high access requirements for agencies, platforms, enterprises, etc. To work with them, and formal cooperation can only be achieved through rigorous and professional review, and web-based lending platforms need to meet the standards of insurance companies。
As it approaches, the internet finance platform is accelerating its own compliance process. After filing, the compliance platform will have more energy to explore new wind control models and develop more high-quality targets, and a virtuous internet financial ecology is emerging。
