Foreign life insurers also ushered in a wave of "capital influx." Recently, the China Insurance Regulatory Commission has approved three foreign investors, such as Prudential Life Insurance capital issues. The capital increase, Prudential Life Insurance has become the capital strength of the most solid foreign life insurance companies.
Notice shows that Prudential Life Insurance registered capital from 1,820,000,000 yuan (RMB, the same below) to change 19.8 billion, Sun Life Everbright Life Insurance from the registered capital of 900,000,000 yuan to 12 billion, Pacific-Aetna Life Insurance from the registered capital increased to 700,000,000 yuan 800,000,000 yuan. A few days ago, the Sino-British Life and AXA Life Insurance has approved capital increase.
For foreign life insurance companies, into the country's insurance market, crossed the needs of 500,000,000 yuan of registered capital, "the threshold." In accordance with the relevant provisions of the registered capital of less than 5 billion insurance companies, each of the opening of a branch, must be a corresponding increase in the proportion of the capital.
In just five months ago, Prudential Life Insurance has completed a capital increase, its registered capital from 1,450,000,000 yuan to 1,820,000,000 yuan. The capital increase after the completion of its registered capital will exceed the size of Italian life, to become the capital strength of the most solid foreign life insurance companies. For a short period of time once again to increase, a Prudential Life Insurance said, is to help increase the company to further expand the business nationwide.
In the foreign life insurance companies, the Sino-British life in recent years, is red with a little bit more of a fierce, in its foreign life insurance company in premiums in retaining its position as number two ranking, second only to International Assurance. Expansion in the region, the Sino-British life insurance is also around, "bloom", is now in 9 provinces (autonomous regions and cities), nearly 40 major cities.
The size of the business sector and the rapid expansion, but also brought about a corresponding pressure on the capital. Since its establishment, the Sino-British life in 2006 for the first time increase to an annual rate of increase, expansion of the capital frequently. The president of the Sino-British life, said Zhang Wenwei, the current market environment, not only to increase again in line with the needs of business development, regulatory policy to meet the requirements but also to enhance the company's solvency and ability to cover.
At present, the domestic total of 24 foreign life insurance companies, began in 2006, AXA Life Insurance from the first to start the "wave of investment", as in the first half of this year, a total of 15 foreign life insurance company capital. So far, the vast majority of foreign life insurance company has registered capital to 5 billion yuan, of which Prudential Life Insurance, Life and Italy, the Sino-British life, Hai Kang Life, in conjunction Dean and Sun Life Everbright, and so are more than 1,000,000,000 Million.
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