The depth of the adjustment of the stock market, putting an end to insurance agencies actually wants to make use of the profit wonderful time, from Bank of security products so that they can experience the pressure of a "roller coaster" of taste. With the advent of the rate cut cycle, have not yet had time to dump the burden of Licha Sun before clean insurers, and encountered a new problem Licha Sun.
Down in the face of economic difficulties brought about by the sale, in the face of reversal do not know when the capital markets, increasing investment in Fukui, near the peak due to honor products, the insurer how the winter? Perhaps still more pressure in 2009. "Without new revenue, Hill will eat sitting empty, insurance companies will not do that well. Taking advantage of the winter, should calm down and think how to do well next year." On the insurance industry as a whole need to transition the voice than ever Too strong.
Bank security contract battle
The insurance industry in the development of the first three quarters of this year, has made certain achievements, but there are still many development issues: Insurance industry, the emphasis on the quality of light business premium volume is still very serious, "non-life fixed-income category to a three-year period Investment products, "the best laid for the high honor of the bomb; life insurance companies Despite the structural adjustment throughout the year, but insurance companies are still in their lack of solvency, also for the pure silver to promote the expansion of the size of the premium Insurance sales, investment and insurance sales process, even some of the surface is also misleading.
Security Bank to stimulate the business of insurance premium income, at the same time they are thrown a new pit, Licha Sun. The most plain view that the bull market when the big insurance companies with sales of high-yield fixed-income or commitments, and when the stock fell when the insurance company investment income has shrunk dramatically, when these high-yield, high-fee products to the security of silver Payment period of peak comes, insurance companies may face financial pressures.
"This situation is caused by the consequences, which the Bank's insurance business soon, which carry the potential for big losses." An insurance actuarial department, told reporters, in general, life insurance companies in the banking insurance premiums Income capital requirements are basically in accordance with premium income of 3.5% to 4% to roughly estimated that each additional 10,000,000,000 yuan bank insurance premium income, probably need to take up about 3.6 billion yuan of capital.
In other words, the faster development of the Bank of security, the larger the expansion, the more "eat" solvency. Economic and Trade University in the capital Tuo Guozhu, a professor in a telephone interview with reporters, said that before most of the hard life insurance companies make a big silver-scale security, in order "between the size of the share of looting," In fact, the high fees in the case, Silver Paul generated little profit.
In more than ten insurance companies solvency in an emergency, they are all paid through the capital to ease the pressure. However, one of the industry, told reporters, and added that the issue subordinated capital for the insurance companies can only improve the capital structure and improve the profitability of the buffer time to win, only from product design and marketing efforts, is the insurance companies to pay a long-term solution The lack of good.
Wholesale payment period to pay way
"Obviously, in 2009, the major readjustment of the insurance business will continue. However, the insurance industry can not stop the development of structural adjustment." For example, an insurance analyst, in the first half of 2008, lower profit margins of banks to pay wholesale insurance products A substantial proportion increased pressure on life insurance business particularly in transition.
In the industry, if the stock market to continue to adjust, the Silver security products will surrender a large number of risks, new business also will be difficult to target, the life insurance operators would face a huge challenge. Therefore, it is imperative that efforts to reduce the insurance companies to pay wholesale products and investment-insurance ratio, increasing the pay-protection products and the ratio of insurance.
Has always insisted on "in order to protect the insurance-based" Central University of Finance and Economics president of the Insurance Institute of the implementation of his Su Hao believes that next year in the development of insurance products should be more prominent feature of insurance protection products in order to reduce the rate of substitution, at the same time, the payment period to develop insurance products To reduce business risk insurance.
It is worth noting that a number of insurance claims, the Bank of security in the channel, has started to pay a product transition period. However, the reporter has learned that down, because of too much on pre-pay wholesale business, some companies do not pay period in the R %26amp; D efforts on products, so the current pay period to increase the proportion of products through more than two ways: the stock of the Bank of security products that period to pay out Sales, or risk a period of payment products, improved sales channels to the bank. "This period of payment products often can not keep up the current market demand."
"With this wave of restructuring of the insurance industry can shuffle opportunity, market competition will be more reasonable." Tuo Guozhu However, the concern is that this trend of healthy competition can persevere? "To say that the size of the first half of this year, began the second half to benefit and take the initiative to reduce the size of Banks and Insurance Companies. However, if the insurance policy but the nature or amount of the premium is the size of the map, the so-called transition, the adjustment is empty talk. If The company or to take radical, short-sighted management, when the stock market improves the competitiveness of non-performing or signs appear. "
In the industry view, the premiums in the wake of the "ups and downs", insurance companies should step up its "skills" in how to improve profits on the solid effort is needed, rather than blind pursuit of scale and market share, this is the test of various The wisdom of the company will answer.
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