16.2 billion China Life, Ping An of China 7.1 billion, China Pacific Insurance (601,601, it shares) 43 billion in October This is the life insurance premium income of the Big Three. In January of this year, China Life premium income of 30.6 billion, Ping An Life Insurance premium income of 10.8 billion, Pacific Life Insurance premium income of 8.1 billion. This calculation, in October and the beginning of the three giants, continued to show significant decline in premium income, or 47%, respectively, 34%, 46%.
It is worth noting that the Pacific Life premium income in October, only 4.3 billion, up 7.6 percent negative growth this year for the first time negative growth in the same period last year.
Pacific Life, the life insurance industry giant, the other two but to slow down the growth, but growth has been doomed to decline. China Life Insurance in October on a single premium income of 16.2 billion this year for the first time in a single month less than 200 billion yuan, continues in July in a single month since the decline in premium income growth trend. Ping An Life Insurance in October on a single premium income of 7.1 billion, and in September decreased compared to the nearly 900,000,000 yuan.
Despite the market downturn, but analysts generally agreed that policies for slowing growth in premium income has played a key role. In the first half of the insurance companies over-reliance on channel silver security, and in August the China Insurance Regulatory Commission has asked the Bank of security from the start to control the life insurance business growth in the next year to avoid negative growth or low growth in the "ups and downs."
"Silver is to slam the brakes of the security business premium income growth rate of decline of the important reasons. Life in the Pacific, for example, has three companies in the insurance business of the Bank of China the highest proportion, at one time more than 50% of the affected relatively large." Experts predict that , As the turning point of negative growth has been coming out ahead of time, did not rule out the insurance industry as a whole next year premium income of the possibility of negative growth.
However, the premium income of insurance companies does not mean that the deceleration of management problems. Kim Hong, chairman of Pacific Life Insurance earlier in an interview with reporters that the size of the premium and can not represent a life insurance company in the insurance market's status and role. Because of the different insurance products, not nature, the role of products with different features, profitability also varies.
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