[서울신문] You pay insurance money for the treatment of minor accidents and your own negligence.

Let’s increase over-treatment due to the full payment of other treatment expenses
From the second half of the year,’insurance is processed at the rate of negligence’
Inquiry and refund of hidden insurance benefits are also introduced at once

In the second half of this year, a plan is introduced in the second half of this year in which the victims of the car accident pay the treatment cost as much as their negligence rate. In addition, the related system will be reorganized so that forgotten insurance payments can be found and returned at once.

On the 1st, the Financial Services Commission announced the policy direction for trust and innovation in the insurance industry. The current standard terms and conditions of automobile insurance require that two drivers pay the other’s treatment in full, regardless of negligence in the event of an accident. For example, let’s say drivers A and B had a collision with a 9 to 1 negligence ratio. The perpetrator A’s treatment cost was 6 million won, and the victim B’s treatment was 500,000 won. If so, the insurance company of B must pay the full treatment cost of 6 million won to A, and the insurance company of A only need to give B 500,000 won. A’s fault is greater, but B’s insurance company has to pay more.

Since the other’s insurance company paid all the treatment costs, there were many patients who saw unnecessary treatment. According to the estimate of the Financial Services Commission, about 540 billion won a year is caused by the system. This amounts to 18% of the insurance payment (3 trillion won) for car accident treatment expenses. Due to excessive medical care, the premium that each contractor has to pay additionally was about 23,000 won.

The Financial Services Commission decided to consider a plan to treat the proportion of negligence in the treatment of minor patients with insurance for personal accidents. It means that you should cover your own responsibilities with your own insurance. In this case, driver B’s insurance company only needs to pay 600,000 won, which is 10% (B’s negligence rate) of A’s 6 million won, and the remaining 5.4 million won must be paid by A’s insurance company. This is the same as the method of handling the repair cost of a vehicle damaged in an accident.

Kwon Dae-young, head of the Financial Industry Bureau of the Financial Services Commission, said, “The treatment costs for ordinary patients have been increasing significantly recently.” The Financial Services Commission plans to improve the system in the second half of the year through public hearings.

The Financial Services Commission also decided to modify the related system in the first half of the year so that hidden insurance money can be easily returned. Even now, there is a system that searches for hidden insurance benefits, but even if you check the insurance benefits here, you must separately bill individual insurance companies to receive them.

The financial authorities plan to reorganize this system so that insurance beneficiaries (claimers) can check their insurance payments in a hidden insurance payment inquiry system, and enter an account to be paid, and the insurance company will automatically pay the insurance payments. Earlier, the Financial Services Commission and the Credit Finance Association provided a one-stop service to retrieve hidden card points and get them back in cash, which received favorable reviews.

The Financial Services Commission is also promoting the flexibility of the’one company, one license’ policy, which allows only one life insurance company and one non-life insurance company for each affiliate and financial group. Even within the same group, multiple insurance companies will compete with specialized business strategies for each customer, product, and sales channel. In addition, when the revised insurance business law comes into effect in June, a’mini insurance company’ can be established that handles weather, animals, theft, diseases, and injuries with a capital of 2 billion won.

Reporter Yoo Dae-geun [email protected]