On August 9, the press insiders learned that the property insurance Department of the China Banking and Insurance Regulatory Commission recently issued the notice on the problems and related risks in the short-term health insurance business of some property insurance companies (hereinafter referred to as the “notice”) to various banking and insurance regulatory bureaus and property insurance companies< Br > < div class = "height" > < / div > according to the circular, in the process of daily supervision and off-site monitoring on the short-term health insurance business of some companies recently, the property and Insurance Department of the China Banking and Insurance Regulatory Commission and the relevant China Banking and Insurance Regulatory Bureau found that < strong > the short-term health insurance business of some companies grew rapidly and was basically concentrated on the same business model < br > < div class = "height" > < / div > specifically, in the process of cooperation with relevant business clusters with internet hospitals, health technology companies, and insurance brokerage companies, some companies use specific drug group medical insurance to cover the late drug treatment costs of customers due to their confirmed diseases. In addition, in the actual business underwriting, the company caters to the needs of the business model by setting the waiting period to 0 days and the insurance liability termination condition to one payment. The premium income is similar to the drug price, and the time from the collection of premium to the payment of compensation is short. Moreover, the company has not participated in the core risk management process, and the business continues to suffer losses< Br > < div class = "height" > < / div > the circular points out that in the above businesses, the company, through cooperation with relevant institutions, uses short-term health insurance products to actually bear the medical expenses incurred by the confirmed customers with a certain frequency and a certain degree of loss, which alienates the insurance business and makes insurance contingencies inevitable. The main problems and risks are as follows: < strong > first, the company underwrites the medical expenses that are determined to occur, It does not conform to the basic insurance principles such as the law of large numbers and the principle of luck, and cannot pass the major risk test < / strong >< Strong > Second, the company lacks risk management and control. The core links such as front-end underwriting and back-end claim settlement are all controlled by relevant institutions. Insurance companies do not have the independent pricing power, nor do they participate in risk management in substance, which cannot reflect the basic function of insurance operation and risk management. < / strong >< Br > < div class = "height" > < / div > in view of the above problems, the property and Insurance Department of the China Banking and Insurance Regulatory Commission will take regulatory measures against the relevant companies together with the relevant China Banking and Insurance Regulatory Bureau< Br > < div class = "height" > < / div > as required by the China Banking and Insurance Regulatory Commission, < strong > all property insurance companies should promptly check the short-term health insurance business, and should not carry out any similar short-term health insurance business that does not conform to the insurance principle and loses the insurance probability, so as to ensure the compliance of the business, ensure the sustainability of the business, and maintain the good social image of the industry the self inspection and rectification report of each company shall be submitted to the property and Insurance Department of the China Banking and Insurance Regulatory Commission and the local banking and Insurance Regulatory Bureau before August 19. All banking and insurance regulatory bureaus shall continue to pay attention to such business, strengthen risk monitoring, supervision and inspection, and take relevant regulatory measures or impose administrative penalties on the problems found< Br > < div class = "height" > < / div > according to the notice, in the next step, all property insurance companies should closely focus on the origin of insurance protection to carry out product innovation, combine the risk characteristics of different insured, continuously optimize insurance products, reflect risk protection responsibilities, meet the needs of different people in medicine and health management services, and carry out short-term health insurance business in accordance with the law.