Since 20 12, the health insurance payment expenditure of China insurance companies has maintained a rapid growth of about 30%. By 2020, the expenditure on health insurance will be 292 1 100 million yuan, a year-on-year increase of 24.3%. Health insurance has become one of the fastest growing types of insurance claims in China.
Structurally, the health insurance of life insurance companies is still the main force. In 20 19, the proportion of health insurance claims of life insurance companies was as high as 73.49%, and the proportion of property insurance health insurance claims was less than 30%.
The health insurance payout ratio of various insurance companies is uneven.
Payout ratio, an insurance company, experienced the trend of rising first, then falling and then slowly rising. Among them, payout ratio, a property insurance company, has been at a high level, while payout ratio, a property insurance company, is at a low level. In 2020, payout ratio of health insurance companies will drop to 30.72%, payout ratio of life insurance companies will rise to 37.7%, and payout ratio of property insurance companies is expected to reach 74%. The health insurance payout ratio of insurance companies is uneven.
Note: The health insurance payout ratio of property insurance companies in 2020 is an estimated value, which is for reference only and shall be subject to the announcement later!
The comprehensive payout ratio of property insurance companies is quite different.
According to bancassurance statistics, among the 35 property insurance companies that have disclosed comprehensive payout ratio, the comprehensive payout ratio of individual short-term health insurance of 2 companies exceeds 100%, and the comprehensive payout ratio of 17 insurance companies is less than 50%, among which the comprehensive payout ratio of 3 companies is negative. The factors that affect the comprehensive business payout ratio of insurance companies are complicated, mainly influenced by underwriting and claims settlement.
It is worth noting that there is a huge gap in the comprehensive payout ratio of personal short-term health insurance among different property insurance companies. The highest is Anxin Property Insurance, reaching 1 12.26%, and the lowest is Huanghe Property Insurance, reaching-173.59%.
In addition, the short-term health insurance comprehensive payout ratio of Yellow River Property Insurance, Anxin Agricultural Insurance and Chengtai Insurance is negative. Take Yellow River Property Insurance as an example. Among the two personal short-term health insurance products, the comprehensive payout ratio of dental medical insurance is 125.84%, but the comprehensive payout ratio of comprehensive medical insurance, which accounts for an absolute proportion of premium, is-160.32%. Therefore, the comprehensive payout ratio of individual short-term health insurance is-65,438+073.59%.
The comprehensive payout ratio of an insurance business exceeds 100%, indicating that the business has underwriting losses during the statistical period. If the loss continues, it will endanger the sustainability of the operation and may even harm the interests of the insured.
The combined payout ratio of 8 adult life insurance companies is less than 50%.
According to the payout ratio data disclosed by 73 life insurance companies, the comprehensive payout ratio of four life insurance companies exceeds 100%, namely Guohua Life Insurance, Shanghai Life Insurance, Pacific Health (formerly Taibao Allianz Health) and Harmony Health. Only 14 life insurance companies have a comprehensive payout ratio higher than 50%, and more than 80% of them have a data lower than 50%. In addition, the comprehensive cash distribution rate of 9 companies is below 10%.
Among them, the comprehensive payout ratio of Guohua Life Insurance is the highest, reaching 173.87%, and this index of Shanghai Life Insurance is also as high as 154.57%. The comprehensive payout ratio of Hetai Life Insurance is -7%.
This is the first time that an insurance company has disclosed the comprehensive payout ratio index of short-term health insurance. Among them, the comprehensive payout ratio of most insurance companies' products is negative because of the release of reserves. Therefore, it is common that the cost can be controlled for a period of time, followed by the continuous improvement of payout ratio. Insurance companies should continue to pay attention to the changes in this data.