1, credit cooperation, mainly refers to the performance guarantee insurance business, which refers to a form of insurance in which the insurance company promises the beneficiary (lender) who performs the guarantee insurance that if the insured (borrower) fails to perform his obligations according to the contract or the law, the insurance company will bear the liability for compensation. This means that on the peer-to-peer lending platform, if the borrower fails to repay the loan according to the regulations, the insurance company will compensate the investor for the loss, which will play a certain role in improving the credit of the platform.
2. Product cooperation, at present, mainly includes the insurance company's underwriting of P2P transaction funds, account security, personal safety of trusted borrowers, etc. The main types of cooperation include account security insurance, borrower personal accident insurance, loan mortgage insurance and credit insurance. In addition, there are professional liability insurance for directors and senior managers who provide responsibility avoidance services for platform executives. Generally speaking, the borrower's personal accident insurance and loan collateral insurance are usually packaged and cooperated.
3, business cooperation, more like the insurance company underwriting business and P2P online lending platform business * * * win-win. In one case, the borrower of the online lending platform holds the insurance policy of the agreed insurance company and applies for loan pledge on the online lending platform. The online lending platform plays the role of information intermediary, publishing loan information on the website for investors to choose; Investors can lend idle funds to borrowers. In fact, insurance companies are equivalent to providing credit endorsements for borrowers of online lending platforms.
4. Channel cooperation is to use P2P online lending platform as the online sales channel of insurance company products, so that the previous platform can sell universal insurance of many insurance companies.
A more reliable model, from an official point of view, the introduction of the draft P2P regulatory rules has made the "marriage" between P2P platforms and financial institutions more frequent. In other words, the "marriage and cooperation" mode of capital security and performance guarantee is more reliable.
Source: Sohu
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.