On one side is China Insurance Regulatory Commission to continue non-stop in-depth inspection, it is the other side of the market for next year Bancassurance growth may be substantially reduced or even negative growth concerns.
"These worries are not unfounded." A life insurance-related charge of the Department of Banking and Insurance said that "the international financial crisis drag, A-share market continued going from bad to worse in the second half of the adjustment has been severely affected by the insurance business strategy, perhaps before the end of regulation Layer has no need to impose draconian measures as they are now, many insurance companies themselves have also been hard-pressed to live, had to shrink Bank security front. "
Related statistics show that China Life Insurance, Xinhua Life, Taikang Life Insurance, Pacific Insurance Life, Ping An Life and Pacific Life 7 silver, and other major security throughout the country in September Paul Silver market recorded a total premium income of 23,310,000,000 yuan more than in August The 27,280,000,000 yuan has been a 14.6 percent drop.
"After the first half of 2008, the Sturm und Drang, in September major life insurance company's insurance premium revenue from silver decline has been identified, and until a few months before the end of next year, the National Bank and Insurance premium income growth continues to occur Also fell sharply almost certain, but as to whether or not there will be negative growth, and so far no prediction. "Guotai Junan insurance industry analyst, said Yu-Long Peng.
Bancassurance in the future so that premium income is not very optimistic about the four main factors:
The most important is the attitude of the China Insurance Regulatory Commission's supervision. "Insurance Regulatory Commission in the last two months of the life insurance company Bao Yin channel checks have never stopped, indicating that its supervision of a piece of this regulation has not been signs of easing." One Life Insurance Company of the National Bank of Bulgaria said .
The second key factor is the insurance company's investment income has shrunk dramatically, many may be significantly less than the original on the solvency of the greater the risk of life insurance companies.
"Compared with a risk, the Bank of security products will undoubtedly take up more capital and more to cut the company's life insurance solvency, so in order to be able to maximize the effectiveness of the capital, life insurance companies next year should take the initiative to adjust the capital in the configuration of products, The development of more sales of insurance products, or the development of phase connotations of the higher value of silver to pay insurance products. "Analysis of the Yu-Long Peng said.
In addition to the above-mentioned two major, industry analysis, the financial crisis triggered by policy holders of insurance products to buy in the next year will be obvious will of the cooling; Also worth mentioning is that as the China Insurance Regulatory Commission to strengthen supervision, similar to the people Health insurance in 2008 was Marie Fenghua "often worry-free" products in 2009 should not occur again, and the sum of these factors will no doubt make next year's capital increase pressure on the Bank of steep.
"We have held meetings over the past few days the deployment of next year's work plan for the security of the entire silver market, this year's' big effect 'is true for next year's growth has brought great pressure, negative growth is not impossible." October 23, Taikang Life Insurance insiders said.
Although the silver in the insurance market into a huge cost to maintain the market share, but these are internal Taikang Life has revealed that the company next year in this one certainly will have to cut costs, "followed by the Bank of security will definitely Considerable pressure on business growth. "
"The key is the same the next year's A-share market movements. If the stock continues to drop, then certainly seriously affect the solvency of insurance companies, the Bank will certainly become the business capital 'can not make bricks without straw', do little." Taikang the above-mentioned persons "We are testing resistance, the SSE Composite Index in 1600 to around 1,800 points, or rebound to around 2000 have put in place to deal with a different market strategy."
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