First, network mutual assistance is actually a variant of foreign mutual insurance (or mutual insurance) in China. It has inherited some characteristics of mutual insurance model, such as organizational form and management methods, and made some changes according to the characteristics of China insurance market and the current regulatory environment. Therefore, to answer this question, we have to look at it from two aspects. The first is mutual insurance, and the second is network mutual assistance.
Two, compared with our daily contact with Ping An Insurance, China Life Insurance, Anbang Insurance and other joint-stock commercial insurance companies, mutual insurance has two remarkable characteristics:
1. The insured, that is, the shareholders, have the ownership, management and supervision over the company, and all the premiums paid shall be used for risk protection, and the income generated from the premium funds shall also be owned by all the insured.
2. Homogeneous risk protection of the same kind of people, because of the similarity, the insured has more recognition of each other, higher loyalty to mutual insurance organizations or companies, and is willing to participate for a long time. On the other hand, for commercial insurance, because of unprofitable or unpredictable risks, such as high-risk groups (such as construction cleaners, commonly known as Spider-Man) or uncertain risks (such as sudden natural disasters). Under the mutual insurance mode, it can operate as long as all members agree and make rules.