The Risk Analysis and Regulation Suggestions of Network Mutual Aid Platform

Abstract

As an emerging inclusive financial model, network mutual aid has a wide range of beneficiaries and low risk protection threshold, which can satisfies the healthcare needs of the long-tail people excluded by traditional insurance. However, these risks like financial risk, information risk, operation risk and other hidden risk are induced due to network mutual aid platform unified legal nature and imperfect regulatory system. We should build a sound regulatory system, clarify the network mutual platform regulatory agency, take the protection of consumer interests as the basic value and rely on the principle of transparency to strengthen the platform information disclosure obligation. Meanwhile, It is necessary to improve regulatory capabilities and promote development of network mutual aid platforms by actively adopting innovative concepts such as regulatory technology and inclusive supervision.