1896165438+1October, an insurance information form released by the Scottish employers' insurance company in the United Kingdom announced the large-scale activities from London to Brighton165438+1October 14 to celebrate. In this insurance information, the "annual rate of automobile insurance premium" was also announced.
The earliest automobile insurance business was "statutory accident insurance company limited" in Britain. 1898, the company took the lead in introducing automobile third-party liability insurance, which can be supplemented by automobile fire insurance.
By 190 1 year, the automobile insurance policy provided by insurance companies has initially met the requirements of modern comprehensive liability insurance, and the insurance liability has also been extended to automobile theft. At the beginning of the 20th century, the automobile insurance industry developed rapidly in Europe and America. 1903, Britain established "General Motors Insurance Company" and gradually developed into a large-scale specialized automobile insurance company.
1906, 190 1 established the automobile alliance and also established its own "automobile alliance insurance company".
By 19 13, auto insurance has been extended to more than 20 countries, and auto insurance rates and underwriting methods have basically been standardized.
1927 is an important milestone in the development history of automobile insurance. The promulgation and implementation of the world-famous Compulsory Automobile (Liability) Insurance Law in Massachusetts, USA, marks the beginning of the transformation of automobile third-party liability insurance from voluntary insurance to statutory compulsory insurance. Since then, the statutory automobile third-party liability insurance has rapidly spread to all parts of the world. The widespread implementation of statutory third-party liability insurance has greatly promoted the popularization and development of automobile insurance. Car damage insurance, theft insurance and freight insurance have also developed.
Since 1950s, with the rapid expansion of automobile manufacturing in Europe, America, Japan and other countries, motor vehicle insurance has also been widely developed and become the most important commercial insurance in all countries. By the end of 1970s, automobile insurance had accounted for more than 50% of all property insurance. 1. Germination period
The development of automobile insurance business in China has experienced a tortuous process. Automobile insurance entered China after the Opium War. However, due to the monopoly and control of foreign insurance companies on China's insurance market, and the underdeveloped industries in old China, China's automobile insurance is essentially in its infancy, and its role and position are very limited.
2. Trial period
1950 after the founding of new China, the newly established People's Insurance Company of China started auto insurance. However, due to insufficient publicity and biased understanding, disputes about this insurance soon emerged. Some people think that auto insurance and third-party liability insurance will give economic compensation to the perpetrators, lead to an increase in traffic accidents and have a negative impact on society. As a result, China People's Insurance Company stopped its auto insurance business on 1955. It was not until the mid-1970s that foreign-related automobile insurance business was started in order to meet the automobile insurance needs of foreigners such as embassies and consulates in China.
3. Development period
From 65438 to 0980, when China's insurance industry resumed business, China People's Insurance Company gradually resumed its auto insurance business which had been interrupted for nearly 25 years in order to meet the needs of domestic enterprises and units for auto insurance and the objective needs of the rapid development of highway transportation industry and the increasingly frequent accidents. But at that time, auto insurance only accounted for 2% of the property insurance market.
With the development of reform and opening up, great changes have taken place in social economy and people's lives. With the rapid popularization and development of motor vehicles, motor vehicle insurance business has also developed rapidly. 1983 auto insurance is changed to motor vehicle insurance, which is more adaptable. In the next 20 years, motor vehicle insurance has been playing an important role in China insurance market, especially in property insurance market. By 1988, auto insurance premium income exceeded 2 billion yuan, accounting for 37.6% of property insurance, surpassing corporate property insurance for the first time (35.99%). Since then, auto insurance has always been the largest type of property insurance, and maintained a high growth rate. China auto insurance business has entered a period of rapid development.
At the same time, the terms, rates and management of motor vehicle insurance are becoming more and more perfect, especially the establishment of China Insurance Regulatory Commission, which further improves the terms of motor vehicle insurance, strengthens the supervision of rates, insurance documents and insurers' business activities, and accelerates the construction and improvement of motor vehicle insurance intermediary market.
4. Opening period
"China's auto insurance industry is highly concentrated. The three major auto insurance companies-PICC, Ping An and CPIC occupy more than two-thirds of the market share, among which China PICC P&C Insurance won the "20 14 Best Auto Insurance Brand Award", and the sales of the top ten auto insurance companies are close to 90% of the total market sales. Due to the adjustment of 20 12 policy, foreign auto insurance companies have joined the compulsory insurance market. Therefore, 20 1 1, the overall market share of foreign auto insurance is still very low, accounting for only 0.5%. " It has played a positive role in comprehensively standardizing the market and promoting the development of motor vehicle insurance business.