On September 18, the Deputy Director of the Inspection Bureau of the China Insurance Regulatory Commission said at the press conference of the China Insurance Regulatory Commission that in the first half of this year, the China Insurance Regulatory Commission increased administrative penalties and imposed administrative penalties on 306 insurance institutions and 447 people. Among them, four people were banned from entering the insurance industry, and 13 insurance institutions were ordered to stop accepting new business. The CIRC increased the administrative punishment in the first half of the year. In the first half of the year, the CIRC imposed administrative penalties on 306 insurance institutions and 447 people, including a fine of 63.69 million yuan. The number and number of punishment institutions increased by 3 1%, 18% and 2 1% respectively. The number of major administrative penalties has increased significantly, among which four people were banned from entering the insurance industry and 13 insurance institutions were ordered to stop accepting new business. From the effect point of view, the development of chaos control has promoted the standardized operation of various insurance institutions. For example, Yang Yushan said that various property insurance companies and third-party platforms have successively removed illegal auto insurance products, and some companies have taken the initiative to adjust their business strategies and strengthen cost control, and the expense ratio has decreased. The standardization of agricultural insurance management has been significantly improved, and the authenticity and integrity of underwriting claims files have been continuously improved. The proportion of short-term and medium-term business has dropped significantly, achieving a structural "slimming". Aggressive investment has been effectively curbed. In the first half of the year, there were no aggressive investment behaviors such as irrational placarding of insurance funds and overseas acquisitions. The chaos in some commercial areas has been initially contained. In the next step, the CIRC will continue to promote self-inspection, supervision and inspection of insurance institutions, urge companies to effectively rectify and severely punish illegal institutions. It is emphasized that the top punishment will be taken for individual institutions with bad influence and repeated education. Strengthen personnel accountability, especially the punishment of senior managers, and promote the implementation of measures to cancel the qualifications of senior managers or prohibit them from entering the market.