The province’s commercial auto insurance rate reform started

November 1st to December 17th, the province launched a comprehensive motor vehicle insurance rate reform, and from the formal use of the new commercial auto insurance terms and rates in December 18th. Through the reform, the establishment of a more orderly market system, the overall decline in the price of commercial auto insurance experience.

at the same time, our province as the commercial auto insurance rates reform, is Chinese CIRC designated the second batch of 12 pilot provinces. Qinghai insurance regulatory bureau to respond positively, by adhering to the direction of the market, the release of insurance companies to develop innovation, enhance the insurance company risk identification, cost control and development of power, to carry out all-round, multi-level, differentiated market competition, promote the industry to upgrade the quality and efficiency. And to strengthen the supervision of insurance, to guide the property insurance companies to provide consumers with higher quality and better price of commercial insurance products and services, in order to safeguard the legitimate rights and interests of consumers.

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