Li Yunze, Director of the State Administration for Financial Regulation, went to Beijing and Hebei to conduct research: Make every effort to do a good job in insurance claims work. Li Yunze | Situation | Director of the State Administration
According to the website of the State Administration for Financial Regulation, from August 10th to 11th, Li Yunze, Secretary of the Party Committee and Director of the State Administration for Financial Regulation, led a team to visit Mentougou District, Fangshan District, Beijing, and Zhuozhou City, Hebei Province to conduct research and supervision on insurance claims and financial support for post disaster recovery and reconstruction work.
Listening to the introduction of the disaster situation in Nanxinfang Village, Mentougou District, Beijing. The pictures in this article are all from the website of the State Administration of Financial Supervision and Administration
According to the news, Li Yunze pointed out that the top priority is to make every effort to do a good job in insurance claims. We must adhere to the principle of "handling special matters and urgent matters as soon as possible", simplify the claims process and procedures to the greatest extent, open up a "green channel", and effectively achieve quick compensation and full compensation. We need to increase the pre compensation efforts, proactively provide advanced services, and strive to increase the pre compensation ratio as much as possible, reflecting the warmth of insurance in the face of major disasters. We should actively promote the insurance claims model of "joint operations, upgraded scheduling, segmented responsibility, rapid assistance, unified standards, and mutual recognition", coordinate and coordinate the entire industry, and effectively play the role of insurance as a "shock absorber" for disasters and a "stabilizer" for society.
Li Yunze requested to increase financial support for post disaster recovery and reconstruction work. Adhere to the principle of prioritizing urgent needs, strengthen financial support for disaster damaged houses, farmland, roads, water supply, power supply, communication and other facilities, ensure the funding needs for recovery and reconstruction, and help disaster affected people restore normal production and life order as soon as possible. Proactively connect with the list of disaster affected enterprises, and comprehensively adopt methods such as adjusting repayment plans, extending and renewing loans, and reducing financing costs to help disaster affected enterprises overcome difficulties. Encourage financial institutions to actively connect with infrastructure construction such as water conservancy by increasing credit scale and implementing separate credit plans, to help improve disaster prevention and response capabilities.
Li Yunze also requested that banks and insurance institutions establish sound emergency protection mechanisms to ensure financial order and continuous financial services during the disaster period. Comprehensively investigate security risks in business outlets, data centers, and self-service equipment, fully ensure the security of financial assets and important data, and support the stable operation of basic financial services and critical infrastructure. Efforts should be made to restore the operation of disaster affected branches as soon as possible, striving to ensure the opening of doors, business, supply, and services in areas with more severe disasters, and avoid a financial service vacuum. Smooth online service channels, ensure the financial needs of disaster affected individuals and enterprises for emergency withdrawals, and provide safe and convenient financial services.
In the severe flood disasters encountered in many northern regions, Zhuozhou, Hebei was severely affected - the flooded area once reached 60% of the urban area, with an average of 1 to 1.5 meters of accumulated water and the deepest reaching 5 to 6 meters.
Inspect the damaged factory building at Hebei Zhiwo New Agricultural Development Co., Ltd
The above news stated that in Zhuozhou City, Li Yunze visited Hebei Zhiwo New Agricultural Development Co., Ltd., Ningcun Greenhouse in Dongchengfang Town, and surrounding farmland for damage and compensation, listening to the urgent demands of enterprises and farmers; Go to the Zhuozhou Rural Commercial Bank Xiahuliang Branch and PICC Property and Casualty Insurance Zhuozhou Branch, which have been flooded into dangerous houses, to visit and comfort grassroots workers; Hosted a symposium, listened face-to-face to the introduction and policy suggestions of local party committees, governments, and relevant financial institutions on disaster relief work, discussed and optimized specific measures to accelerate insurance claims and strengthen financial support for post disaster recovery and reconstruction.
The State Administration for Financial Supervision and Administration is a newly established department in the reform of the Party and state institutions this year.
According to the "Party and State Institutional Reform Plan" issued in March 2023, the State Administration for Financial Supervision and Administration is responsible for the supervision of the financial industry except for the securities industry, strengthening institutional supervision, behavioral supervision, functional supervision, penetrating supervision, and continuous supervision, coordinating the protection of financial consumer rights, strengthening risk management and prevention and disposal, and lawfully investigating and punishing illegal and irregular behaviors. As a directly affiliated institution of the State Council.
The State Administration for Financial Supervision and Administration is established on the basis of the China Banking and Insurance Regulatory Commission, which transfers the daily regulatory responsibilities of the People's Bank of China over financial holding companies and other financial groups, the relevant financial consumer protection responsibilities, and the investor protection responsibilities of the China Securities Regulatory Commission to the State Administration for Financial Supervision and Administration. At the same time, the China Banking and Insurance Regulatory Commission will no longer be retained.
Li Yunze, who was appointed as the first Secretary of the Party Committee and Director of the State Administration for Financial Regulation, previously held positions such as Standing Committee Member and Executive Vice Governor of Sichuan Province.
