Insurance companies, "Bao Tuan" to deal with the crisis Paul Silver

In the future, Bank and Insurance insurance business will have a unified industry norms. Reporters learned yesterday that in order to ensure the healthy development of the market, Bank and Insurance, Insurance Association of China (hereinafter referred to as "the Bulgarian Association") recently set up a bank insurance group.

It is reported that the project team by the China Life Insurance, Taiping Life, Taikang Life Insurance, Pacific Life, Ping An Life Insurance, Xinhua Life Insurance, the people's livelihood Life, PICC Life Insurance, Prudential Life and Skandia Life 10 companies from China Life Insurance Group as Long, the group set up under the norms of group development, professional groups and promote a system of the Study Group 3 Group to jointly promote the industry to carry out the work of the Security Bank.

According to the Bulgarian Association for the Secretary-General Wang Chao, Bank and Insurance is a joint project team to maintain self-insurance market, the Bank of the organization. "Group" insurance companies give full play to promote self-discipline and supervision of auxiliary functions of the United Bank to regulate insurance business to rectify. At present, there is no final Group 3 of the specific content of dividends.

"Banks and Insurance Companies Association to set up project teams in order to further implement the August Insurance Life Insurance Work Conference, and give full play to the association of self-control and auxiliary functions of the silver industry will work to adjust the direction of development of insurance business, and straighten out the industry Behavior, norms and the development of industry standards, and social sectors to clarify the one-sided understanding, and promote the healthy development of the Bank of security operations. "Wang Chao said that the association will be the next step to strengthen the building of the organization, to start self-discipline convention to amend the procedures and increase inspection of the implementation of the work Efforts to ensure that industry self-regulation in place to implement the Convention.

However, some market participants frankly, it may be in response to the Bank's capital markets have been falling dilemma.

According to the industry, due to the Bank of security risk even misleading channel casting of exposure, leading to the original silver pattern of security cooperation may be broken. To consider the risk out of control after several major banks throughout the country have been canceled by the insurance company with all of the Bank of security cooperation.

Not only that, the Bank of China's insurance business remains in the search for sustainable development of the business model and profit model of exploration stage, most of the savings is a simple alternative products, wholesale pay a greater proportion, although the Bank's insurance business Premium growth soon, but because of the cut-throat competition among insurance companies so that the high fees, in the basic "赔本赚吆喝" state.

"Security Bank project team has just been established, first of all to the relevant provisions of China Insurance Regulatory Commission, as well as the 2006's and Bulgaria's" bank, postal insurance agent self-discipline "in place to implement, but the market now, there has been some new changes, Silver appeared to pay protection period, we would like to present, through self-discipline to maintain good way to pay a view to the market. "Wang told reporters.