Bank Hanlaobaoshou desire to experience high-risk King contract

Insurance regulators hope to regain the right to speak, to lower fees unreasonable to refuse the terms of

Some banks in the business of the Fund to sell a substantial decline, requiring the company to use the strong position of King signed the contract to allow insurance companies to ensure their access to capital is scheduled to silver revenue. The insurance regulatory authorities highly concerned about requiring the company to restore security in the silver market initiative.

Bank: Silver King outsourcing contract security targets

This reporter has learned in business to sell more funds going from bad to worse, some large state-owned commercial banks to draw up in the middle of the revenue targets of the focus was shifted to the Bank up security operations, and to enter into a contract "outsourcing" to the insurance Banks and Insurance companies to ensure that the business income. In this contract, regardless of the ultimate insurance companies to obtain bank premiums for how much insurance companies must be in accordance with the contract agreement in advance of the Bank of security operations the amount of fees paid to the bank. In other words, if insurance companies from the Bank of security channels recorded a premium given the bank did not meet the target, insurance companies have to "put money" to make up for silver bank security procedures for business expenses.

In fact, some insurance companies have been forced out of his own pocket to fulfill the contract, and to expand channels of funding allocated to the name of the bank. Grasp the current situation, the insurance fee subsidies amounting to several hundred million are not uncommon.

Analysts pointed out that the "King of the contract" behind in real terms is that the insurance agent bank channels to expand the market, "the initiative" completely lost. Banks have been able to embrace the use of silver deposit insurance business is the main reason this year to strengthen the bancassurance business insurance sales, and competition in order to give priority to commercial banks, sales outlets, the bank accepted the initiative put forward by the "King of the contract" and a loss of words Right.

In addition, the bank has taken another approach would be to pass on the risk of insurance companies to ensure their own intermediate business income, that is, the Bank of tender security business. Some of this incredible means of a bank facing the annual plan is particularly alarming when the reality. For banks, insurance companies which are given the high fees, reported a large volume of business, which insurance companies will be able to access network.

Monitoring: the middle class life concerted action for the right to speak

"Although these practices make individual insurance rates in the near future access to comparative advantage, but in the long term, the entire security market, the Bank for the healthy development of more harm than good." Market participants pointed out that the "provisions of the King" accept The final damage is long-term interests of the insurance industry, and the Bank of blindly pursuing the interests of the Bank of security is not conducive to the development of the channel, will eventually lose Bancassurance channel competitiveness.

Because of the large number of foreign insurance companies, insurance premium silver are accounted for more than 80% of Banks and Insurance channels of high-dependent, making Bancassurance channels for insurance companies the right to speak of the difficulties facing the action. The current master of the situation, many companies have been completed in the first half of most of the indicators, insurance companies, insurance business of Bank of annual targets for the reduction of a large, the fees are too high for some of the realities of adjusting the silver Security sources and standard operating expenses. This is insurance for insurance market for silver voice to create a good environment.

It is understood that, with regard to the above, the current regulatory approach is that the insurance companies to take advantage of the Bank of the security industry the opportunity to control, in the face of insurance companies in the Bank of security in the channel in a weak position, can be achieved, "Chanxiangongsi Life Insurance Company and concerted action "Insurance companies for the right to speak due to lower fees unreasonable to refuse the terms.