Following the announcement of Baidu Mutual Aid’s offline, Meituan Mutual Aid and Easy Mutual Aid will be shut down, and Water Drop Mutual Aid will also be shut down.

On the evening of March 26, Waterdrop Mutual Aid issued an announcement stating that it will formally terminate the mutual aid plan at 18:00 on March 31, 2021.

However, Waterdrop Mutual Aid members don’t have to worry too much about follow-up services. The content of the announcement shows that for mutual aid members and members with diagnosed serious illnesses, there is a transitional period for Didi Mutual Aid.

In the announcement, Water Drop Mutual Assistance stated that for mutual assistance members under protection, their protection will be upgraded through insurance. The platform will bear the premium and insure users for one year of health insurance (Water Drop Health Insurance) with a maximum insured amount of 500,000 yuan. At the same time, Water Drop Mutual Assistance also provides members with free online consultations, physical examinations and other health services.

And before that, members who are unfortunately diagnosed with a serious illness can continue to apply for 180 days from the date of the first diagnosis. If they meet the original mutual assistance conditions, the platform will provide reasonable compensation. For the balance in the user’s account, the platform will initiate a refund within 5 days from the announcement date.

With regard to the reasons for the shutdown, Waterdrop Mutual Assistance stated that in order to provide users with a more comprehensive and stable guarantee, the service model will be upgraded. (Tiger sniff)


By zhiwo

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8 months ago

I was the first non-bank analyst, and I have read more than one business plan (bp) of a “mutual insurance” company. It is only a matter of time before it is banned. First of all, is there value and significance in using Internet tools to do mutual insurance? Yes, very much. The current mode of operation of insurance companies is to collect funds from customers and use investment means to meet compensation and daily operating costs. Therefore, premiums, we call the liability side-because you always have to pay insurance customers; investment, called the asset side, is used to meet business needs. Traditional insurance companies specialize in human resources. The sales side bombards our agents and sales every day, and the operation side is the entire system except for compensation. So the premium is expensive. In the last listed companies, insurance companies are not considered to be very profitable because they are very heavy. So many Internet people are ready to use technology in this sector to transform such a traditional industry? From the perspective of technological determinism, it must be a direction. The use of mobile Internet and data to compress human and operating costs is an important innovation to the traditional insurance industry. The problem is that regulation doesn’t think so. First of all, mutual insurance is also insurance. Is it necessary to break away from the insurance model to solve the problem of long-term liabilities and short-term assets? No, mutual insurance is also a high level of firewood for everyone. Moreover, it is inevitable that the insurance industry, new entrants pay for existing customers’; the business model of young people paying for the elderly. Then there are Internet companies, which still want to make quick money. I have read bp and mentioned without exception: expand business under the base of large customers. Flow is still king, and the number of ways that flow can be realized. The founders can also check. Although they have recruited financial professionals, they are all used to play traffic and play to promote their homes. There is no problem at the stage of user expansion, and the number of users is very small. However, when encountering the deep waters of the insurance industry, there is really no valuable solution. In particular, after completing 0 to 1 by marketing methods, stable compensation begins, but the accounts are not so good-looking. Do you care? Most people don’t care. The bp clearly stated what will happen after the listing, what is the market space, and what is the value of the track. The purpose is to cash out in the secondary market. After careful consideration, the capital market is refreshed, entrepreneurs are refreshed, and supervision is not refreshing. This is the case in the financial industry, where risks are often rearranged. Earning money depends on short-term performance, and problems are often n years later. The same is true for the mutual insurance model, with a fast starting amount, sufficient new funds, and no problems in the short term. Once the growth rate slows down and the operational capacity is insufficient, major problems will arise in a few years. Ordinary people will think, “Isn’t this okay? Why are you so anxious about supervision?” This is a manifestation of not understanding the characteristics of the financial industry. If something goes wrong, the investors will cash out, the founders will cash out, and finally supervision and society will pay for it, it will be too late. p3p, illegal fundraising, illegal fundraising-in the past so many years, but suffered a lot of losses. Regulations do not want to repeat the same mistakes.

8 months ago

It’s a pity. From the bottom of my heart, I hope it can go a little further… In the past two years, Uncle Wang bought himself a 1.5 million insured mutual aid plan (for critical illness), such as Mutual Bao, Meituan Mutual Assistance, 360 Mutual Assistance, Water Drop Mutual Assistance, etc. , Uncle Wang is open. What is recognition, real money and silver support. Uncle Wang has spent more than a year systematically studying the domestic insurance industry ecology, product design, sales mechanism, strategy of large companies… The more you understand, the more you recognize the original intention and mechanism of the mutual aid plan from the bottom of your heart. The nature of mutual aid plans is also “insurance.” In a practical sense, the mutual aid plan has at least three major contributions to the development of insurance in China: 1. It is a great enlightenment to the insurance awareness of the Chinese people; 2. It is a bad, barbaric ripening, and has deteriorated into a “beast.” A powerful “counterattack” of the traditional insurance sales mechanism of cannibalism; 3. Fully mobilized the masses for the emergence and development of more “conscience” Internet insurance. But the wheel of history has its own laws. Those who obey will prosper, and those who go against it will perish. The reality is ruthless. The withdrawal of the mutual aid program from the stage of history is actually expected. When the mutual aid plan moves forward, at least several problems cannot be avoided: 1. The profitability of the enterprise; 2. The risk of illegal fund-raising; 3. The regulatory issue; 4. The internal game of the insurance ecosystem. Let me start with the issue of corporate profitability: Anyone with a bit of business common sense knows that mutual assistance programs are almost impossible to make a profit. The management fee of Xiang Hu Bao is 8%, and the investigation fee is also named. With this little money, the people have already complained. But anyone with a bit of business common sense should know that it is harder to make money than to get to the sky if you smoke so much. The same as the Internet platform: the takeaway platform’s tip is 20%-30%, is that ruthless enough? But Meituan is still losing money; the online car-hailing platform’s tip is 20%-30%, is that ruthless enough? But Didi also lost money. When opening stores in offline traditional industries, the gross profit of clothing stores is less than 200%-300%, which is basically the main loser. Don’t just look at the money that comes in and out. Which is not the cost of store rent, inventory, or labor… The gross profit of the catering industry reaches 60%-70%, and you have to drink northwest wind. So, why do not make money mutual aid platform? The reason is nothing more than these few roads: the first road is to accumulate traffic through mutual aid plans, and then lead to other products to make money, such as selling insurance… But what? In the business world, straight lines are easy to navigate. To save the country with a curve, a flow that is large enough and viscous is needed. Can the mutual assistance platform do it? Who will be okay to open the mutual assistance platform every day? The other way is to tell yourself and capital the story of making money in the future, and then go public to cash out and cut the leeks of the stock market. This is also the “initial intention” of many Internet companies, such as Ruixing who cheated American money to drink coffee for Chinese people. Although sad, but also realistic. What do you think of a quasi-financial company that “does not make money, but has the opportunity to touch money”? Uncle Wang’s mind came up with “illegal fundraising.” Those who are not making money have the opportunity to touch money. If there is no supervision, there is only a short distance from illegal fund-raising. Uncle Wang is already a young man in his 20s. I was stunned by a few words of “ideal” and “justice”. Uncle Wang doesn’t believe in human nature. Mutual assistance programs seem to not touch money now, but in fact, Pitupi did not seem to touch money in the early days. However, as long as the supervision fails to keep up, many so-called “financial innovations” and high-end product designs have emerged as long as the supervision is not kept up. Then… all the illegal fund-raising and Ponzi schemes in the past are under the banner of “financial revolution, for the country.” “For the people, common prosperity” banner. The most terrifying demons in the world all call “justice” evil. Gods and demons have always been a face. Remember the bump? Uncle Wang lost more than 1 million yuan on this ghost in 2018. Like the mutual aid plan, it is also Internet finance, it is also a point-to-point help to those in need, and it is also finance that makes people’s lives better… Back then, the top domestic media were optimistic and reported positively everywhere. Sequoia Capital, IDG, Sun Zhengyi’s SoftBank, etc., all the TOP-level venture capital that you can think of in your mind have gone in… and then? The lending side engages in naked loans, anti-aircraft artillery, and collecting dead people… The financing side engages in all kinds of Ponzi schemes, borrowing the old for the new… There are also many people who really want to do well in this industry. However, once the ecology deteriorates, the mud and sand will fall. Afterwards, Uncle Wang will replay: In floods, it is difficult for clear currents to survive. The result of everything. It’s not just that those bad guys have been sentenced to a few years, more than ten years, and the first evil indefinitely. More, it is because of the temptation that cannot be rejected, and the lack of humanity for effective restraint. In the end, all you can see is a hideous face. What I see is alienation, blackening. This is true for platform bosses, this is true for investors, and this is true for all people involved in the torrent. What can contain this huge potential risk is regulation. But supervision has huge costs. Pitupi has grown to RMB 1 trillion, and after 3-4 years of supervision, a large number of regulatory documents have been issued, but in the end it has not really landed. What is the root cause? Supervision has a cost. And to land this cost, it is necessary to consider whether there is a matching social value. The mutual aid program, how valuable is the society, I think the people in the center of the whirlpool who have the right to decide must have a steelyard in their hearts, and they think it better than ordinary people. Inevitably, there are cruel interest games within the insurance ecosystem. The essence of the mutual aid plan is “insurance.” If you continue to let the mutual aid plan company do it, and recognize and affirm it from the regulatory level. So, it is essentially an insurance license. What is the value of an insurance license? The market price is 3 billion, and it may not be available. Last year, Tencent dug Ren Huichuan, the general manager of Ping An of China, to prepare for the insurance business, but after bumping into the license for one year, it still failed to land successfully. The license card is so tight. One is the need for insurance supervision. After all, insurance maintains social stability and cannot make too many mistakes. The other is the result of the internal ecological game of insurance. I spent 3 billion to find a bunch of giants and waited for N years to get the license. Now there is a young guy who is engaged in the Internet who wants to overtake a corner and take advantage of it. Will the big guys who have entered the game be willing? This is reality, cruel and real. Finally, talk about the hope of “tomorrow will be better”. I am gratified that the past development of the mutual aid program is generally healthy. Because of health, there is not much notoriety, so even if heroic sacrifices, it still leaves a lot of precious wealth. Who will take over these precious wealth? One is a licensed insurance company and the other is an insurance consumer. The reason why the mutual aid program has received so many people’s support in the past so many years is not because the licensed insurance company’s “absence” has not done a good job in its position. The other, of course, is the insurance consumer. If a market really has a lot of understanding of the value of insurance, affirm the value of insurance, and at the same time have sufficient risk alert for certain insurance marketing behaviors that “people cannibalize”. Then, China’s insurance ecology is bound to get better and better. Uncle Wang is an idealist. Once naive, now realistic, but when I get older, I still believe that “tomorrow will be better.” It is clearer that ideals are not “taken for granted”, nor are people with ulterior motives interpreting “justice” with their mouths. The right path in the world is the vicissitudes of life, and the path of ideal is the most thorny. Finally, call again for the “mutual assistance plan” that has already ended. Although the middle road collapses, it is still a great idealistic practice. The legacy left by this practice will have a profound impact on the development of China’s Internet insurance.

8 months ago

In fact, it moved the cheese of the insurance industry. Several respondents mentioned the financial risks of the insurance industry, but the situation of mutual assistance for critical illnesses is not applicable. 1. The earliest form of insurance in human history is mutual insurance. You can check it yourself, it seems to be a mutual insurance for shipping in the Mediterranean. I will not carry it. 2. Why does the insurance industry need to be supervised? There are two main aspects: asset management and long-tail risk. In fact, the main reason for the development of supervision in the insurance industry is that the earliest type of insurance in the insurance industry is property insurance, so there is a black swan incident. Therefore, the end payment of multi-year policies such as life insurance (a one-time payment after the death rate at the end of a long-term policy) and property insurance such insurance types that may have black swan events (Wenchuan earthquake, 911 and Sandy hurricane). Therefore, adjustments must be made between different years, and the insurance industry needs to keep a huge margin. Therefore, management requirements on the asset side are also derived. However, this situation does not exist for critical illness insurance. Critical illness insurance is actually very mature in actuarial terms, and there is no black swan. In fact, critical illness insurance is the most suitable thing for mutual insurance (another similar type of insurance is auto insurance). Because as long as there are enough people to join, the probability of this thing is very clear, and the fluctuation is not big. In the current year (or even the current period), there is no huge amount retained in theory. I have done insurance rate software before. Let’s put it this way, suppose an insurance company charges you 5,000 a year for 1 million critical illness insurance, then an ideal mutual aid treasure can probably reduce the price to 2,800, which is about (5000/2) *10%. Because channel costs account for about half. An insurance company may say that critical illness insurance does not make so much money, and it is correct to say that, because critical illness insurance itself is not very profitable for the company, but it helps insurance companies to support their people, otherwise, who will pay for the wages of so many insurance practitioners? hair? In theory, the critical illness insurance mutual insurance in the form of traditional mutual aid cooperatives may indeed be the best choice for this type of insurance, but it is a pity that the insurance industry in this world is too powerful. ps: What I said best refers to pure mutual insurance under national supervision (a bit like a cooperative). I personally don’t know whether China’s “financial innovation” is this way. ps2: This insurance industry is not only talking about China, but the whole world. ps3: How black the channels of the insurance industry are, let me give another example. Assuming that an insurance company buys insurance (reinsurance) from another (a group of) insurance companies, even for such large b2b customers and super large orders, the channel fee will be 20%. That is, if the premium is 100 million U.S. dollars (not the amount insured, but the premium), the intermediary company will take away 20 million U.S. dollars, and take it once a year.

8 months ago

Let me start with the conclusion that mutual assistance and traditional channel fees are actually similar. You can go to the door of the intensive care unit to see how the mutual helpers are attracting customers. These customers are not donating money to mutual aid, but they will persuade relatives in the intensive care unit to raise funds for mutual aid. As for whether there is a poverty-stricken family as mentioned in the article, it does not matter. Anyway, it will not be effectively verified. Anyway, it can be approved. Edit and beautify the article later. So how much commission will the salesperson get if the fundraising is successful? Or can those relatives really withdraw 100% of the money from other people’s “mutual assistance”? Does this count as a channel rate? Of course, this is essentially the arbitrage of premiums in the insurance law. Article 116 An insurance company and its staff shall not conduct any of the following activities in insurance business activities: (1) Defraud the policyholder, the insured or the beneficiary; (2) Conceal important information related to the insurance contract from the policyholder Circumstances; (3) Obstruct the policyholder from fulfilling the obligation of truthful notification provided by this Law, or induce him to fail to perform the obligation of truthful notification provided by this Law; (4) Give or promise to give to the policyholder, the insured, or the beneficiary other than those stipulated in the insurance contract Insurance premium rebates or other benefits; (5) Refusal to perform the obligation of compensation or payment of insurance money as stipulated in the insurance contract in accordance with the law; (6) Intentionally fabricating an insurance incident that has never occurred, fabricating an insurance contract or deliberately exaggerating the extent of the loss of an insurance incident that has occurred Making false claims, defrauding insurance money or seeking other illegitimate benefits; (7) Embezzling, withholding, or embezzling insurance premiums; (8) Entrusting institutions that have not obtained legal qualifications to engage in insurance sales activities; (9) Using insurance business for other institutions Or seek illegitimate interests by individuals; (10) Use insurance agents, insurance brokers, or insurance evaluation agencies to engage in illegal activities such as fictitious insurance intermediary business or fabricate surrender of insurance, etc.; (11) Fabricate or spread False facts and other means damage the commercial reputation of competitors, or disrupt the order of the insurance market by other acts of unfair competition; (12) Disclosure of the business secrets of the insured and insured that are known in business activities; (13) Violation of the law , Administrative regulations and other acts prescribed by the insurance regulatory agency of the State Council. ——”The Insurance Law of the People’s Republic of China” Therefore, this kind of game that is free of supervision is not sustainable and consumes the trust of society as a whole.

8 months ago

The company is developing quite well and will soon go to the US for an IPO. Once it is successfully listed, it will produce a billionaire. How did you start? Is there any credit for the poor people? Circle people first, and then start selling insurance. This is not a routine? Some people will say that no matter how many people in need are helped, mutual benefit and win-win are also possible. Undoubtedly, it did help many people in need. But for now, there is no supervision on this type of mutual assistance platform, and if it is allowed to let it go, major events will come out in the future. On the other hand, insurance companies are supervised by layers! Many people think it is not safe to buy commercial insurance, so is the insurance company safe? First of all, an insurance company can’t be opened if it wants to. It needs to have a strong financial strength and get the approval of the State Council’s Insurance Regulatory Agency. This is different from high-risk financial management such as P2P. The biggest problem with P2P is who will supervise it? How to supervise? How to ensure the interests of customers in case of runaways? The establishment of an insurance company has strict conditions and thresholds, as well as clear regulatory agencies and methods. The registered capital of an insurance company must be paid-in currency capital, and the minimum limit is RMB 200 million. Article 89 of the “Insurance Law”, an insurance company operating life insurance business shall not be dissolved unless it is split, merged or cancelled according to law; when an insurance company is dissolved, a liquidation team shall be established in accordance with the law for liquidation and must be approved by the State Council Insurance Regulatory Agency . In 2018, Anbang Insurance was taken over by the China Banking and Insurance Regulatory Commission and later changed its name to Dajia Insurance. The 1.5 trillion short-term and medium-term financial insurance issued by Anbang Group before the takeover has been fully realized. There has been no overdue or default incident. Every customer’s The policy benefits are not affected in any way. On January 25, 2021, the China Banking and Insurance Regulatory Commission revised and issued the “Regulations on the Solvency Management of Insurance Companies”, requiring insurance companies to publicly disclose the summary of the quarterly solvency report on a quarterly basis. Solvency is the ability of an insurance company to repay debts. Once an insurance company’s solvency adequacy ratio is less than 100%, the China Banking and Insurance Regulatory Commission will list the company as a key regulatory object and take regulatory measures based on specific conditions. The investment channel control of insurance companies is very strict. Article 106 of the “Insurance Law” and the “Administrative Measures for the Use of Insurance Funds”: Insurance funds are mainly used for large-scale fixed-income investment projects, such as treasury bonds, large-amount agreement deposits and other zero-risk projects. The maximum share of the investment stock fund cannot exceed 25%. After all, this is the life-saving money of our people, and we can’t tolerate it. In European and American countries, including Hong Kong, the investment of insurance funds into equity markets such as stocks can reach 70%. Therefore, the scheduled income of Hong Kong insurance will be higher than that of domestic insurance. The establishment of the insurance protection fund: Article 100 of the “Insurance Law”, 20% of the registered capital is deposited in the designated bank of the China Banking and Insurance Regulatory Commission. Up to now, the amount has reached hundreds of billions. The fund can only be used for bank deposits and national debt. You might say that you only do bank savings and treasury bonds without worrying about inflation? Since it is an insurance protection fund, the money must be absolutely safe and cannot tolerate a trace of risk. This is the life-saving money of the broad masses of people. Article 103 of the “Insurance Law” states that insurance companies need to buy insurance from a “reinsurance company”—insurance for insurance, in order to diversify risks. For example, Munich Re, Swiss Re, and French Re are all top reinsurance companies in the world, and these companies have undertaken the business of the largest domestic insurance companies. Articles 98 and 99 of the “Insurance Law”, in order to protect the rights and interests of the insured and the principle of guaranteeing solvency, insurance companies draw various liability reserves and provident funds in accordance with the law. To sum up, insurance companies are not as simple as you think, and it is even more unlikely that they will be scattered.

8 months ago

Two years ago, when Xiang Hu Bao first came out, I wrote an article about the risks of mutual assistance platforms. Many people left a message saying that I had a bad heart for selling insurance, and they knew that they were slandering Xiang Hu Bao. You said that I can be a bad-hearted seller of insurance. Don’t you just want you to ask me to buy insurance? Unexpectedly, in only two years, the face slap came too fast, and the water drop mutual aid still did not survive, but I quite hope that the ending will be that I was slapped, and the mutual aid plans that were dimly withdrawn one by one. The guarantee cost is really not low. People still have to dig out their own retreat. When the mountains and rivers are exhausted, the power of power generation by social love is really not enough. The emergence of mutual assistance makes many people think that they have found a straw, and many people think that this straw is actually very cheap. To put it personally, I really hope that the mutual aid platform can continue to run. I did insurance in the two years I just graduated from university. Without a client, I can’t support myself. How can I buy insurance if I have money? I joined Hu Hu Bao. Although as a person in the industry, I knew that this matter would not last long, but Hu Hu Bao was the only one I could afford at the time. As a “dark horse” in the health protection market, mutual assistance has actually grown for ten years, but in the past two years, with the support of the Internet and large V traffic (Ant Financial, Meituan), it has rushed to people quickly. Right now. As of the second quarter of 2020, the cumulative number of registered users of online mutual assistance has exceeded 340 million, and there have been more than 20 platforms; the cumulative number of assisted users has exceeded 84,500, with an industry average of 132,100 yuan. Some predict that the actual participants of mutual assistance will reach 450 million in 2025. Such a large user base reflects the reality that ordinary people desire protection but cannot afford commercial insurance. In May last year, Ant Financial released the “White Paper on Network Mutual Aid Industry”. Among the more than 100 million people who joined Hu Hubao, 79.46% of members had annual income of less than 100,000 yuan, and 72.1% of members came from third-tier cities and below. 60.63% of members said that self-paying of medical expenses within 100,000 will bring a greater economic burden, and 68.40% of members have not purchased commercial insurance. Contrary to consumerism, there are still 600 million people in China earning less than 1,000 yuan a month. Contrary to the thriving insurance industry, most commercial insurance companies do not want to target such a large group of people with poor spending power at all. Mutual assistance can just fill this gap. Mutual aid plan is between insurance and public welfare. It is based on the principle that if one member is sick, all members share the principle. As long as the member is notified through health, the risk (such as serious illness, death) in the mutual aid protection will occur after the waiting period. You can apply for mutual aid. The mutual aid fund is shared by all staff. Before each apportionment, the list of applicants will be publicized. After the public has no objection, the money will be deducted from everyone’s card. In addition, the platform will also draw 8% of the apportionment fee as a management fee to maintain platform operations, claim investigations, etc. In addition, there are no other additional costs. The mutual insurance platform also stipulates the annual apportionment of the online to ensure Every member who participates can enjoy protection at an affordable and low cost. The initial intention of mutual assistance is very good. With the Internet, the “sinking market” that cannot buy commercial insurance can also have a guarantee. Although this guarantee has various shortcomings, it can at least give ordinary people peace of mind. The cost of mutual assistance has been rising opaquely. Unlike many people’s initial impression that mutual assistance is cheap, if you have carefully studied the operating mode of mutual assistance platforms, you will find that the costs shared by mutual assistance platforms have been increasing. At the end of 2018, Alipay launched Huhubao. It has absorbed 11 million members in ten days and currently has more than 107 million members. The latecomer Meituan Mutual Aid was launched half a year later and currently has more than 35 million members. At that time, the network mutual assistance was in immense popularity, and it was once called out to replace insurance. 360, Baidu, Alipay, Meituan traffic giants all ended in succession, and the trend of the Internet was bound to become a prairie fire. However, this battle is like riding a roller coaster. It has been up and down, and the bloodless fight only lasts for one year. In the future, Mutual Aid, 17 Mutual Aid, Tadpole Mutual Aid and other unknown people quietly received the box lunch. Last year, even the traffic giant Baidu was midfielder. Withdrawal, this year’s veteran water drop mutual aid plan also announced the suspension of operations. Although the head effect of network mutual assistance continues to increase, several oligarchs in the market seem to be unable to support it. However, the most serious thing is that facing the security issues involving hundreds of millions of people and the strong oligarchic platform in the future, the only industry standard in this industry now-the industry standard for network mutual assistance, is only formulated by Zhejiang Internet Finance. This is not a regulation issued by the government at the regulatory level, but merely a self-discipline of the mutual aid industry. You are not mistaken, hundreds of millions of people are involved, and hundreds of millions of funds are managed by self-discipline. The most important reason for the low cost of mutual assistance is that there is no intermediate service fee, so many platforms do not set up a fund pool to completely eliminate the problem of fund precipitation, and the platform does not manage the cost of funds. This is the case with Xiang Hu Bao. You don’t need to pay to join Xiang Hu Bao, and you only need to share it every time there is a rescue. After the mutual aid fund is apportioned, it will be called to the recipient the next day and will not stay on the platform. Another situation is that the platform sets up a pool of funds. For some small platforms, this can ensure that users can definitely get the compensation when they apply for compensation. The user pays the fee first when participating, which can solve the problem of not being deducted when the mutual aid fund is allocated, and ensure the normal operation of the platform. Once the fund pool is established, it will involve the precipitation of funds, and who will be responsible for the funds to ensure that the funds will not be misappropriated. Mutual assistance is generally low in management costs, and whether a professional team can be found to manage the fund pool has become a problem. Once the fund pool is not well managed and the information is not transparent, it will attract users’ suspicion and dissatisfaction, causing users to leave. Like Water Drop Mutual Help, it has always claimed that it has 80 million members and can share the cost every time. There are only 10-20 million users, and the sharing cost of Water Drop keeps rising. The official explanation: “The more members, the more people triggering the claim conditions, and the larger the amount involved, then the amount allocated to everyone will increase accordingly.” But obviously such an explanation cannot convince the public. . There are more claims cases, but the number of people participating is also increasing, and the numerator and denominator are increasing. Why is the monthly amortization of more than 1 yuan in the first half of the year, and the monthly amortization of more than 10 yuan in the second half of the year. In this case, either there was a problem with the management of the water droplets’ mutual aid funds, or the water droplet revised the health notification and put in more non-standard bodies, resulting in a sharp increase in the cost of sharing. If this continues, more people will leave the platform. Slowly, people no longer trust each other and keep exiting the market, and those who really need protection lose their support. In the past two years, the mutual aid plan has been exposed continuously, the cost of mutual treasure has skyrocketed, there are stories that cheat insurance, those who get sick will not compensate, and the qualifications of the appraisal agency are doubtful, etc. However, as a participating member, you have legal verification and complaints about these. Isn’t it because the mutual aid plan is now neither managed by the Ministry of Industry and Information Technology nor managed by the China Banking and Insurance Regulatory Commission. You can only trust the public information on the mutual aid platform or the gossip on the Internet everywhere. Under the regulatory vacuum, there is too much opacity in the operation of mutual assistance, and consequently there is no standard cost-sharing to the participants. Mutual assistance vs insurance, Li Kui or Li Gui? The core difference between mutual assistance and insurance is whether there is an institution that transfers the risk. The liability for the payment of insurance money lies with the insurer. The customer has a contract. If a risk loss occurs, the insurance company will be compensated according to the contract. The insurance company is subject to various supervisions such as insurance reserves and solvency. At the same time, there is a risk of reinsurance. The requirements are strictly controlled at all levels to prevent problems before they happen. Therefore, even if some large insurance companies have experienced World War I or World War II, they still operate to this day. The main body of mutual assistance is the participating member users, supervised by a third party, and there is no solvency index requirement, which means that there is no ability to cover it. Moreover, the nature of mutual assistance is a one-way gift, which is the same as a donation from a well-meaning person. Whether others give it or not depends on your character. Because insurance companies have strict supervision and reinsurance transfer risks, they are fully capable of taking risks, but mutual assistance does not have strict supervision and the ability to transfer risks. For users, can they get money and how much they can get at the critical moment It’s all uncertain. So, if you use insurance to transfer risks, your ability to cover the bottom is made of cement, and if you use a mutual aid plan to transfer risks, your bottom-covering ability is made of mud. A word difference is a world of difference. A little thought: The development of mutual aid plans has always been plagued by disasters. At first, Alipay’s “mutual insurance” was changed to “mutual treasure” for more than a month. Seeing that it has changed from insurance to a mutual aid plan, it was a climax at the beginning, and the ending was a bit cool. Try. Later, small mutual aids continued to withdraw, and even large mutual aids began to close their doors. First last year’s Baidu Mutual Help, to this year’s Water Drop Mutual Help, don’t know how long Mutual Bao can survive? Those who are able should plan their insurance earlier and do the annual physical examination. There is no free lunch in the world. If you have limited ability, you must buy social insurance. The only thing that can give ordinary people is the government. If the mutual aid plan is to be reformed, I hope that the China Banking and Insurance Regulatory Commission will join the supervision. Can such mutual aid be called a mutual aid plan?

8 months ago

Mutual aid plan ≠ insurance. It has the risk of calling a stop at any time. I didn’t expect it to come so soon this day. I think the reason why it cannot continue to operate may be that it is not under the supervision of the China Banking and Insurance Regulatory Commission, so it cannot reach the level of insurance standards, and its health is rarely informed, and adverse selection will occur, which is equivalent to normal people doing unhealthy people When the wedding dress comes to the later intensive compensation period, the health experience will suffer a lot, and the money allocated in each period will be more and more. In general, the starting point of the mutual assistance mechanism is good, but supervision is indispensable to standardize operations. For the general public, commercial insurance must be used to transfer disease risks. After all, it has a history of more than two hundred years.

8 months ago

Naive ideas cannot avoid practical considerations.
At the very beginning, the insured population should be divided according to age group and health level, and qualified insured applicants should be screened. Just like community mutual aid in the United States, it must have a similar background and strength to operate.
In this way, this group of qualified policyholders may be able to benefit in life, instead of paying for high-risk groups with their kindness.
Of course this is also naive.

8 months ago

The mutual aid plan is just a loose organization, and it is possible to shut down the plan at any time. Therefore, mutual aid plans cannot be a moat for risk protection. The best way to transfer risks is to purchase insurance. Of course, you can also join a mutual aid plan to further increase the amount of protection on the basis of purchasing insurance, which is the icing on the cake! For example, on the basis of purchasing 400,000 yuan of critical illness insurance and mid-range medical insurance, I also joined the mutual assistance program of Alipay!

8 months ago

Personally, I only participated in Xiang Hu Bao, and none of the other platforms participated. Joined in October 18th, so far, a total of 145.78 yuan has been allocated, from the initial monthly average of a few cents to 6.09+6.36 yuan in March this year. In fact, paying more than ten yuan a month does not have much impact on one’s material life. It is mainly psychological. Sometimes I always want to be young and healthy. Why always pay those who take advantage of the loopholes? I wonder why those ages with a high prevalence rate enjoy the same treatment as me, always thinking about maximizing their own interests. How can there be such a good thing? In fact, some people have better conditions than me, so they don’t participate. Participating in this mutual treasure, one is to give yourself a guarantee, and the other is to hope that there is such a low-threshold platform, which spends a small amount of money every month to help others and yourself. Three Alipay is a big platform, and it feels that management is more efficient and effective. Use the money for real, even if it is a donation platform, you can rest assured. After joining the jury, the actual situation is always much more complicated than the rules and regulations, not to mention the various conditions of people. For ordinary people, most of them are novices. There are all kinds of speeches in the jury situation, there is a lot of love, a bit more than a miserable meeting, there is a strict system, regardless of the actual situation, there are also facts, and I feel very little. There is another situation, that is, can those caring people not be discriminated against? Why are children more worthy of help than middle-aged and elderly people? There are other things that are unclear. Anyway, love is overflowing and everyone is equal. There are too many people participating in Xiang Hubao, and too many people participating in the jury. It’s a bit like the election of Ugly Country, and there are too few people who know the truth. It is hoped that more professional medical professionals will solve the judgment on professional issues and increase their voting weight.

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