Network mutual aid should be included in the scope of supervision

Original title: network mutual assistance should be included in the scope of supervision

Recently, meituan mutual aid announced that due to business adjustment, meituan mutual aid was officially closed at 24:00 on January 31. This is another serious illness mutual aid plan after Baidu’s “denghuo Huzhu” offline in September last year. The main reasons for the closure of the plan were deviation from the main business and increasing risk of adverse selection, the CBRC said.

It has been more than four years since internet mutual aid came into the public view. In 2016, the Internet platform entered the field of network mutual assistance. In 2018, the entry of Alipay made the development of the industry enter a new stage. Since then, Jingdong, Didi, Suning, Qihoo 360, meituan and Xiaomi have laid out network mutual aid business.

According to the original intention, online mutual aid should be an open and transparent online mutual aid platform, where everyone can get together and help each other. Here, if one person is seriously ill, others will share the cost. In this way, everyone can get up to 300000 yuan of major disease insurance, which also makes network mutual assistance an effective supplement to medical insurance and commercial insurance to resist potential health risks.

Objectively speaking, network mutual aid does have a certain rigid demand traffic attribute. According to the white paper on online mutual aid industry in 2020, 79.5% of online mutual aid users have an annual income of less than 100000 yuan, 68% have no commercial insurance policies at all, and 72% are distributed in cities below the third tier. Internet mutual aid products have low entry threshold and low cost, so that those who can’t afford commercial insurance can also get a guarantee. Moreover, the innovative way of network mutual assistance is easier to reach the crowd, which can widely play the role of health insurance education and increase the potential consumer population for commercial health insurance.

However, compliance has always been a must for online mutual assistance. Mutual aid platforms such as “water drop mutual aid” and “mutual treasure” all have their similarities. They all want to enter the insurance field, but because they can’t cross the license threshold, they can only enter “curvilinearly” and play the “edge ball” of insurance in the form of mutual aid.

We should realize that although network mutual aid has many characteristics of insurance, it is not an insurance product in essence. At the product level, there are still many aspects to be improved, such as the rate, the content of security, whether to form a fund pool, etc.; at the management level, due to the lack of relevant systems and supervision, the network mutual assistance is still a “regulatory vacuum” for the time being, not only the rights and interests of consumers are difficult to be protected, but also enterprises will face many operational problems.

Therefore, in order to promote the healthy development of network mutual aid industry, network mutual aid should be included in the scope of supervision as other platform economic services. From the perspective of risk management, according to its uniqueness, we can establish an appropriate and innovative supervision mode to prevent the recurrence of P2P network loan mistakes. At the same time, it is necessary to study the access standard as soon as possible, realize the licensed operation and legal operation, and restrict the behavior of fund pool. It is also necessary to strengthen information sharing with industry and information technology and other departments, and prohibit illegal commercial insurance activities such as carrying out all kinds of insurance business without permission from app platform and implementing insurance fraud by means of network technology. (from Rural Financial Times)

(editor in chief: Zhao Chao, LV Qian)