Bank regulators in the near future on the security market "ups and downs" of the regulation has been effective. Shanghai Insurance Association released the latest in-house life insurance in October Express, Bank of security for the first time revealed the big fishes down cold.
Express the above data show that in October of this year alone, in Shanghai in 33 foreign life insurance companies (association members) in the Bancassurance channels recorded a total premium income of 921 million this year in September at 1,392,000,000 yuan, the chain dropped 33.85%; compared to the same period last year, down 8.5 percent year-on-year. Silver affected by heavy security, in a single month in October in Shanghai of the total life insurance premium income recorded 2,867,000,000 yuan, the chain, were down year-on-year, the rate of 23%, 2.5%.
25 Banks and Insurance companies decline
It is worth noting that resulted in Shanghai in October cool great Paul Silver, not an individual silver large security force, but the industry as a whole "drop" a voice. According to the reporter to a rough calculation, 33 life insurance companies, 25 companies in a single month in October Bancassurance premium income was down trend, led the decline mainly in the De-Life Alliance, Hai Kang Life, Life of life, people's livelihood Life, Taiping Life, and so on. From the same period last year, 14 life insurance firms insurance premium income of cooling.
Even if the Bank does not drop the life insurance companies, the growth rate is not. The source said the analysis, "These are growth companies, insurance premium income of the Bank itself on a small base, so the entire security market, the Bank of the cooling trend can be ignored."
A number of reporters yesterday from the industry that Department, in October in Shanghai in a single month decline than the Central Bank of security for two main reasons: first, and "11" number of vacation days, the second, silver-control security having their desired effect. Reporters learned from the market, on the one hand, continue to cast even the risk of misleading, regulatory authorities frequently blown downturn Paul Silver Wind; On the other hand, life insurance companies in the first half to the size of the second half of the profits to be, it began to take the initiative of the small profit margins shrink Banks and Insurance business.
Silver fell as a result of the security, a dangerous, dangerous mission of the contribution has increased. In insurance, in a single month in October recorded a premium income of 1,211,000,000 yuan, the chain, rose 1.8 percent year-on-year, 2.87 percent; dangerous mission, in October recorded a one-month premium income 699,000,000 yuan, down 35.5 percent than the ring, Up 19.9 percent year-on-year. The source explained that the "dangerous mission in October than in Central decline in September mainly due to the individual companies to get a few large corporations alone, the ring fell more than normal phenomenon."
Silver allies in October for negative security
Has insisted that the surrender of the problem is not serious Assurance, in October or experienced negative growth in revenue Banking and Insurance embarrassing situation. According to the Express, reporters found a rough calculation, in a single month in October this year, AIA Shanghai branch of Bank and Insurance premium income as "-7.38 million" ring down more than 157.6%, 100% year-on-year decline.
Industry analysis, told reporters that the reason why the insurance premium income silver negative, may be hesitant to focus on the situation during the surrender took place. "In general, the situation of hesitation during the surrender of the entire company will be reflected in premium income, over the situation hesitate during the surrender will be separate statistics."
Reporters found that in fact the beginning of September this year, International Assurance Company of the Shanghai branch of Bank of income security have been signs of decline this year in August, September and October of the Bank of income security are as follows: 2,405,000 yuan, 128,100 yuan, -- 73,800 yuan.
As the Security Assurance silver base itself is not large, and its a dangerous mission to maintain stability in the growth performance risk and therefore their impact on the overall premium income is relatively small. Reporters found that a rough calculation, in a single month in October this year, AIA Shanghai Branch of the total premium income of 1.73 billion yuan, 14.6 percent growth than the ring, however, there have been 19.4 percent year-on-year decline.
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