Near the end of the year, the international reinsurance market has entered a new round of intensive contract renewal, re-focus on premium rate peak Ruqierzhi Change negotiations. The difference in previous years, the loan-to-time because of the global turmoil has hit the international reinsurance market, a qualitative change in the relationship between supply and demand, Europe, North America, there have been re-insurance rates to rise, signs of tightening up of underwriting.
China Re, a foreign branch said in the beginning of last week to convene an international summit on reinsurance, Munich Re and other international reinsurance giant to "spread rumors" that will further tighten the security of the insurance policy, the key is underwriting the price will be Substantial price increases. On the one hand, loan-to-time lead to increased demand for reinsurance, reinsurance companies, on the other hand itself was unprecedented pressure to survive. And then the premium rate of increase appears to be the general trend.
Re straight prices force the emperor to abdicate security
European and American markets again this wave of upward trend in premium rates, or spread to the Chinese market. In a recent interview with our reporter interviewed a number of senior reinsurance analysis, said that while the international reinsurance giants for different countries or regions of the reinsurance underwriting business to impose a different policy, but as Europe and the United States and then the premium rate increases, some high-quality Reinsurance capacity would be transferred to Europe and the United States market, as China is still a large number of property projects to the global reinsurance market, the demand for reinsurance, the domestic re-insurance premium rate increases in Europe and America keep up with a great possibility.
"Once again the premium rate increases, domestic security directly (direct insurance) rates must be adjusted upwards, or straight in the current premium rate is generally lower overall environment, has been at the edge of the loss of Insurance companies will no doubt ahead of winter . "Heard again in the premium rate increase may be the signal, a Chinese-funded Insurance Company reinsurance department to judge the case.
The pursuit of scale, competition for domestic insurance companies underwriting the project, desperately "to the bottom" phenomenon not uncommon, the underwriting profit of control to be thrown back. In such a vulgar competition and the management of the cart before the horse under the guidance of many Insurance companies have been constantly breaking the bottom line profits. This year, snowstorms, earthquakes occur, so that the Insurance company has tasted the bitter fruit of the cut-throat competition. In the first three quarters of this year's performance, the industry generally expects 2008 industry Insurance industry will be a loss of embarrassment.
"Internal rate of return on investment of the insurance industry does not, if the level of rates is down, its rate of return is becoming less and less. In this case, the nature of the capital gain would result in an underwriting capacity of the outflow of China's insurance market , Resulting in reduced supply. "Insurance senior people rich and powerful Shining told reporters, including external factors, the China Insurance market will enter a phase of the rate increase, it can be said is that is now facing a rate increase of The best historical period. As for what specific operation depends on the individual's own decision-making process.
Who do the insurance industry, "Vanke"
"We expect the industry-wide losses of Insurance, will also be forced to scale from the previous pursuit of profit to ignore, at least to ensure that the path of underwriting profit, so the market is the general trend will be hard." Ma said analysis of the rich and powerful.
Who will be the insurance industry, "Vanke" - and the advantage of the opportunity for a comprehensive price adjustment? A recent spread in the authority of the Insurance company survey, the Yangtze River Delta to a market share of the first insurance company confirmed that the company in the subway, roads, power plants and commercial buildings in four categories of infrastructure has begun a comprehensive Rates rise, the rate of not less than 10%. Insurance companies in the PRD region also raised rates, but growth does not exceed 10%.
"The current premium rate has been at the bottom, there is no further room for price cuts." A Chinese-funded Insurance Company of prices in the area have done a detailed analysis of the strong view that in addition to paying the social insurance under the pressure of public opinion will be lowered, the rest of the insurance fee Rates will rise. He said his company also is considering a number of areas of the capital projects straight rate increase.
Individual companies took the lead up fee, does not mean that the Insurance industry as a whole the arrival of the peak rate of increase. "In the big companies raise rates at the same time, some of the Xianfengchazhen still blind to the recovery of small and medium-sized Insurance companies may use the opportunity to lower the share price competition, loss of food from the last consequences. In this case, the future of the domestic market Insurance There will be 'more powerful and the weak weaker' competitive trend. "
No comments:
Post a Comment