Why is the insurance broker exam held?
After entering the 1990s, with the growth of national economy, China insurance industry, supported by national policies, embarked on the "fast track" of overspeed development and became a new growth point in national economic life. Compared with the rapidly developing insurance industry, the establishment and growth of insurance brokers are obviously lagging behind. This kind of lag will hinder or limit the development of the insurance industry. In order to adapt to and promote the development of the insurance industry, connect with international standards, and standardize insurance transactions, it is planned to set up an insurance brokerage company. At this time, the significance of holding the insurance broker exam has gone far beyond the exam itself.
First of all, it is the need to establish and improve the main body system of the insurance market. As a complete system, the insurance market consists of insurers, policyholders and insurance intermediaries. As a subsystem of the insurance market system, insurance intermediaries include insurance agents, insurance brokers and insurance assessors. Entrusted by the insurer, the insurance agent represents the interests of the insurer and engages in insurance business activities within the scope authorized by the insurer; The insurance assessor can be entrusted by both the insurer and the insured, and does not represent the insurer or the insured, but makes an objective and fair evaluation of the entrusted event from an independent standpoint; Based on the interests of the insured, insurance brokers are entrusted by the insured to provide intermediary services for the insured to conclude an insurance contract with the insurer, and collect commissions according to law. The three have different roles and positions in the insurance market, and they are all indispensable subjects in the insurance market system. From the perspective of foreign insurance market, insurance brokers occupy a very important position. There are more than 300 independent insurance brokers in Britain alone, and more than 90% of insurance companies' premium income is solicited through insurance brokers.
Secondly, it is necessary to standardize the trading behavior in the insurance market and reduce the transaction cost of insurance commodities. With the public's understanding and acceptance of insurance, the demand for insurance has increased rapidly. At present, in addition to the three major national insurance companies, various joint-stock and foreign-funded insurance institutions are also emerging in the insurance market. With China's accession to the WTO, insurance companies from different countries, different natures and different components are competing for the insurance market, and various new types of insurance have sprung up. In this way, the information asymmetry in the insurance market is formed, which makes the two sides of the insurance relationship transaction have no complete mutual trust, which will increase the friction in the market and cause losses to at least one party. In addition, it is difficult for the public to fully and accurately understand and master all the contents of various insurance clauses and be familiar with all insurance products. Resulting in incomplete information. So they can't choose the insurance company they are satisfied with and buy the insurance products that suit them. The same is true for enterprises. For example, enterprises need insurance brokers who know both professional knowledge and insurance to provide insurance services in the sense of active risk management for those high-risk and high-insured targets or projects. Therefore, if there are a group of insurance brokers with excellent quality and exquisite business, through their special role, they can promote mutual understanding and trust between insurance parties, standardize and promote the trading behavior in the insurance market, increase the constraints on unfair and disorderly competition, reduce transaction costs and safeguard the legitimate rights and interests of both parties in the insurance relationship.
Third, it is the need to build a team of high-quality professional insurance brokers. Although the Regulations on the Administration of Insurance Brokers (Trial) has been promulgated, the national insurance authorities have not yet approved the establishment of domestic insurance brokerage companies. With the approach of China's entry into the World Trade Organization, China's insurance industry will face challenges from insurance brokers. Therefore, it is urgent to set up insurance brokerage companies as soon as possible and train and bring up a group of high-level and high-quality professional insurance brokers. It is necessary to hold an insurance broker examination, conduct systematic professional training and strict training for employees, strictly limit the qualifications of insurance brokers, improve the quality of employees, and put the brokerage industry on the right track.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.