Average 10~11% increase in real-loss insurance next year…

Input 2020.12.23 17:10

In the next year, the premium for real-loss medical insurance (real-loss insurance) is expected to rise by 15-17% for the’old real-life insurance’ and 10-12% for the’standard non-life insurance’. The new real non-life insurance, introduced in 2017, is expected to be frozen.

According to the insurance industry on the 23rd, the previous day, the Financial Services Commission informed the industry an’opinion’ about the increase rate of insurance premiums for real-life insurance.

The Financial Services Commission proposed a plan to reflect 60% of the increase rate requested by each company for standardized loss products sold from October 2009 to March 2017, and 80% for products sold before October 2009. Presented. It is reported that the new real loss, introduced in 2017, was requested to freeze insurance premiums.

If the industry accepts the opinion of the FSC, premiums will increase at a rate of 15-17% for pretext non-life insurance and 10-12% for standardized real-life insurance. Overall, the average increase rate is 10-11%.

The Financial Services Commission is entrusting the rate of premium increase to the industry’s autonomy, but the opinion of the Financial Services Commission’s premium increase rate served as an industry guide every year. Last year, the insurance industry suggested more than 20% of pretext and standardized losses, but the actual increase rate was only 9%, contrary to the authorities.

Earlier, the insurance industry presented the financial authorities with an average rate of 21% increase in loss insurance premiums for next year, saying that the risk loss rate is expected to exceed 130% this year following the last year when looking at the trend until the third quarter.