Zhongan Insurance, known as Zhongan Online Property Insurance Company, is an online property insurance company with a registered capital of 654.38 billion yuan and a registered place of Shanghai. According to the internal planning of Zhongan Insurance, the company will not set up any branches except Shanghai, and its insurance marketing model is a breakthrough in the new financial innovation of the Internet in China insurance industry.
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Compensation principle
The function of economic compensation is the foundation of insurance industry, which can best reflect the characteristics and core competitiveness of insurance industry. It is reflected in two aspects:
1. Property insurance compensation: Insurance refers to the compensation according to the scope of responsibility and insurance amount agreed in the insurance contract and the actual loss amount at the time of specific disasters and accidents within the validity period of insurance. Through compensation, the actual loss of existing social wealth caused by disasters and accidents is compensated in value, and the use value is restored, so that the process of social reproduction can continue. This kind of compensation includes not only the compensation for economic losses caused by natural disasters or accidents, but also the economic compensation for the insured's liability for economic compensation to a third party according to law, and also the compensation for economic losses caused by breach of contract in commercial credit.
2. Payment of life insurance: The insured amount of life insurance is determined by the insured through consultation with the insured according to the insured's needs for life insurance and the insured's ability to pay.
Folding loss compensation
The principle of loss compensation is that when the subject matter insured suffers losses due to an insured accident, the insurer must compensate the beneficiary according to the scope of insurance liability. It means that the insurer compensates for the losses caused by the agreed insurance accident, and the beneficiary can't get additional benefits from the payment of insurance money. Generally speaking, property insurance follows this principle, but it is difficult to estimate the value of human life and body, so this principle is not applicable to life insurance. However, some scholars believe that the medical expenses of health insurance should also be followed, otherwise it is suspected of unjust enrichment.
Principle of folding proximate cause
The principle of proximate cause refers to the basic principle of judging the relationship between the risk accident and the loss of the insured object, so as to determine the insurance compensation or payment responsibility. Proximity is the most direct, effective and decisive cause of damage to the subject matter insured, not proximate cause. If the proximate cause is an insurance risk, the insurer shall compensate; If the proximate cause is an excluded liability or an uninsured risk, the insurer is not responsible for compensation.
Folding distribution principle
In the case of repeated insurance by the insured, if an insurance accident occurs, the compensation obtained by the insured shall be shared by the insurance company and the insured.
Folding subrogation principle
According to the provisions of the contract, after the insurer compensates the insured for an accident, or after the accident of the subject matter insured causes a presumed total loss, the insurer claims the interests from the responsible third party according to law and obtains the ownership of the damaged subject matter insured. China's insurance laws and regulations require the insurer to exercise the right of subrogation in its own name, and the insured or the insured has the obligation to assist the insurer to claim compensation from the infringer.