December 14, 2008

Hangzhou subway accident birth of the project risk premium 60,000,000,000

Hangzhou subway accidents make the project risk insurance again in people's field of vision.



Of the Central 4000000000000 announced that the economic stimulus program, local governments have to follow up on that in the near future to start large-scale fixed asset investment projects, many large-scale projects to start, the Insurance companies, it means that the installation of massive construction project Insurance market to start, how to cut piece of cake, a test of the various Insurance Company of strength.



"Around the government announced plans to invest a large portion of the investment in infrastructure construction. Many of them are to build railways, highways, bridges and other large projects, such large-scale construction projects will have an enormous installation of construction insurance market, which is Insurance companies, and we do service insurance brokerage company, is obviously good news. "In an insurance brokerage company of Mr. Liu told reporters.



Announced the start of the Central 4000000000000 economic stimulus program, according to incomplete statistics, as of November 18, 11 provinces and municipalities directly under the central government investment is expected to bring together social investment, the size will be more than 10 trillion, of which 6.5 trillion In the next three years.



Access to all parts of the announced investment direction, the reporter found throughout most of the amount of investment in fixed assets.



Jiangsu, for example, in Jiangsu Province, the size of 300,000,000,000, 220,000,000,000 yuan of the amount would be government-led projects, the money will be used to promote the Beijing-Shanghai high-speed railway, the Shanghai-Nanjing inter-city railways, Taizhou Bridge, Lianyungang (601,008, It shares), and so on a number of major construction projects.



The 4,000 billion investment in Jilin Province and Chongqing investment more than 1,000,000,000,000 Coincidentally, both the choice of road projects such as urban infrastructure construction projects.



These large-scale construction projects arising from the insurance market works will be huge. To industry estimates, if local governments plan to start the implementation of all projects, plans to invest about 6 trillion or more, according to the current market, double the amount of insurance, engineering insurance will be only 600 million.



"The incident took place in Hangzhou Subway, for example, the project's construction and installation of all third-party liability insurance of the total capital amounted to 13.7 billion yuan, the successful rate of 6.5 ‰, generated premium is more than 9000 million . "Insurance, a company staff member said that" large-scale projects for us is good news, last year, the National Insurance premium income about 200,000,000,000, but most of them are auto insurance premiums. "



60,000,000,000 yuan for the Insurance companies is not a small sum to Shanghai, for example, in the first half of this year's Construction of the cumulative risk insurance amount reached 254,480,000,000 yuan in the first half premium income reached 372 million, an increase of 106.54 percent.



There are also other side of the angels, looking forward to the increase in premiums, insurance companies also have their worries.



"From the current statistics, the construction work is now done most of the risk of doing business are losing money." August, Sun Alliance Insurance (China) Co., Ltd. North Asia, construction and engineering insurance, said Director He Weilun.



It is learned that the payment of insurance rates in most of 60-70 percent, and construction workers because of the risk involved in the project with most of the long construction period, investment, technical requirements, as well as the high number of unforeseen factors characteristics, making Construction Insurance has become a high-risk insurance.

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