On July 24 news, according to a report by the Financial Associated Press, the comprehensive cost rate of auto insurance in the property insurance industry is still rising. The latest data obtained from relevant channels shows that the comprehensive cost rate of auto insurance in the property industry in the first half of this year has further risen to 99.9%. At the same time, small and medium property insurance companies have generally suffered losses in auto insurance underwriting, and the differentiation between different insurance companies is obvious.

　　Since the implementation of the comprehensive auto insurance reform, industry auto insurance premiums have dropped significantly year-on-year, and auto insurance coverage and auto insurance payout ratios have risen significantly. Although the expense ratio has fallen, overall, the overall auto insurance cost ratio has continued to rise. Since the flood season this year, there have been multiple rounds of heavy rains in many parts of the country, and floods and geological disasters have occurred in some places. In particular, Henan and other places have been hit by heavy rains recently, causing heavy casualties and property losses. According to Henan Banking and Insurance Regulatory Bureau, as of 12:00 on the 23rd, preliminary statistics have received a total of 176,900 reports in the insurance industry, with an estimated loss of 5.827 billion yuan. Reports are mainly concentrated on auto insurance. While reimbursement demonstrates the value of insurance, it will also put further pressure on the performance of insurers.