China Financial Daily

August 15, 2009

Covert channel variable Shanghai commercial auto insurance prices across the board

Filed under: Financial News — Tags: — lily @ 11:55 pm -0700

Covert channel variable Shanghai commercial auto insurance prices across the board
August 11, owner of Shanghai, Mr. Wang to find this newspaper, told reporters on his own driving in the Passat for renewal, the former insurance salesman, a large state-owned insurance company informed him that the car renewal should pay 1,000 yuan . Mr. Wang has puzzled, in the light of one year after the decline in the premium should be is, how this year’s renewal instead of “price” of.

Contact Mr. Wang’s insurance company, the company said that in previous years, the insurance company auto insurance in order to expand market share through price discount or insurance cards to send fuel and other concessions given to customers, the owner used to enjoy the benefits the auto insurance now, Shanghai successive insurance regulatory authorities to impose on the auto insurance market “supervision” heavy, the insurance companies sell through traditional channels is no longer given the price of auto insurance discounts, so this year’s auto insurance prices ” up. “

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