Hong Kong insurance volume plummeted 11,000 insurance agents are facing difficulties

According to Hong Kong, "Wen Wei Po" reported that the global financial tsunami waves of up to enable the world's largest insurance company AIG was caught in financial difficulties, the people of Hong Kong in the face of "insurance" becomes frightened, the insurance industry in a precarious state.

Hong Kong Federation of Trade Unions under the Insurance Federation of Trade Unions, said the two were over 11,000 employees of insurance companies, are facing difficulties in their operation, insurance showed a large decline in company borrowing practitioners and even to live. Trade unions in the insurance industry is expected to difficulties in the first quarter of next year and finally were able to reflect, called on the Government to set up as soon as possible "to protect policy holders fund" to restore public confidence in the insurance industry.

Traditionally, the insurance industry in the last quarter of need "one-up" is the peak period of insurance. Hong Kong, Mr Cheung Wai-leung, chairman of the Insurance Federation of Trade Unions on the 19th at a press conference, pointed out that traditionally in September should be 10-20 percent year-on-year increase in the policy, but in September this year, the figure only comparable to the same period last year, the problem has surfaced, I believe In the first quarter of next year to better reflect the full financial impact of the tsunami: "Although the tide for the time being no surrender, but the industry billing difficulties and insured by the query performance of the fund's purchase of the phone rang non-stop, workers suffering from mental stress Did not even dare to answer. "

Trade Unions pointed out that the SAR Government data show that the insurance industry in the first 6 months the amount of insurance policies, the same period last year recorded a growth rate of 25.5 percent, of which there are investment-linked insurance grew 14.3 percent; life insurance and 54%. Shows that Hong Kong stocks since last October after the high slide, the people know how to adjust the investment strategy. However, the financial tsunami still have a staff of 8,000 and a staff of 3,000 Hong Kong insurer which has insured the volume down.

Mr Cheung Wai-leung said that the two insurance companies to provide more loans to help alleviate the financial hardship.

Mr Cheung Wai-leung, the relevant units should be set up as soon as possible "to protect policy holders fund," We also hope that foreign insurance companies over the years to earn huge profits at the same time, back to the people of Hong Kong, or contributions to the fund injection, and not to pass the cost of To the people of the insurance policy. Mr Cheung Wai-leung said the union will be Wednesday to the Commissioner of Insurance requested a meeting to discuss with the Commissioner.

Insiders pointed out that one of the operational difficulties of insurance companies, over-expansion in recent years, so that employees are of varied quality, but also to the public the amount of investment-linked insurance, all of the United States to invest in real estate and loans on time, which may compromise Black hand-foot, it may at any time "accident."