A year ago, the stock market and investment-linked insurance even selling life insurance industry was one of the "myth." Now the stock market much higher now Bishi "Xiang Bobo" has become a "chicken" for a war even began to shrink the risk started, the life insurance market gradually to the in-situ.
The unstoppable decline
In the red for several months "peak", 8, 9 and Shanghai on the premium fishes disclosed data Liang Yi. Shanghai Insurance Association released the latest statistics show that in-house, even for three months this year, 7, 8, 9 insurance premium income decline in a row, are as follows: 346,000,000 yuan, 2.26 billion yuan, 185,000,000 yuan in the third quarter to get together 757,000,000 yuan, down 64% year-on-year, less than in August last year (8.11 million), September (776,000,000 yuan) on the two single vote even dangerous performance.
In a single month in September, the statistics in Shanghai's 33 life insurance companies, a total of 20 dangerous even for sale, 11 companies emerging signs of decline in the same period last year, of which 8's cast even risk premium fell by more than 40% . CIGNA investment rate of up to life down to 95.6 percent.
Even become a danger for re-insurance premium income of about ranking behind the pusher. Even with the risk for the same ring experience than the decline of universal insurance there, the data show that in September of this year alone, universal insurance premium income ratio fell 16.15 percent.
Feng Shui changed, the first two years of sales momentum in the doldrums with some risk of dividend rise, in September on a single premium income increased by 33.67 percent than the ring. As the risk of dividend growth is driving, even for a smooth insurance, universal insurance sharp drop in sales, the overall investment-insurance premium income still achieve 11.7 percent growth over the ring.
Imminent transition
Foreign life insurance (including joint ventures) even voted with insurance rose through the myth, are now subject to no small challenge. Bishi is used to show off with the cast even dangerous, but now it has become a mouth that they do not want to mention the word. "We recent days is better than not, surrender is believed to be the life insurance industry as a whole are difficult to avoid." A joint venture life insurance company, general manager of the Shanghai branch said. He referred to the words "you" is in the pre-lit too dangerous even for a foreign life insurance companies.
China Insurance Regulatory Commission to the latest statistics show that the January to September this year, Chinese-funded life insurance business premium income for the year-on-year growth rate of 67.05 percent, while foreign investment is only 0.93 percent year-on-year growth. "On the one hand, even for insurance sales slump, on the other hand, we are monitoring briefing in response to the initiative to contract, currently part of the bank in the sale of insurance has even called for the suspension." A life insurance company's business manager, told reporters.
Some life insurance companies have begun to sit still. In response to cast even the risk caused by the decline in the performance of an emergency, and many companies began to seek product mix, the restructuring charge. For example, Bishi in the red for even the most dangerous sales ahead of the Luen Thai Metropolitan Life from July this year, began to gradually adjust the product mix, Zhuangong annuity products. "Even for insurance is not a bad thing out of favor, even dangerous to vote, especially in the bank sales channel for the insurance even if the development of fast, easy to make into a solvency crisis, insurance companies, lower profit margins so that not even vote on the insurance risk Actuarial value of the contribution is also relatively small. "Analysis of the industry said.
In fact, even for insurance through the "ups and downs," the market is to see more foreign life insurance companies since the establishment of the "profit model" of a single worry. The relative single product line, to over-rely on security products, silver, was led by the nose of the capital market, foreign capital is leading to big ups and downs in life insurance premium income of one of the main reasons. The relatively old Chinese-funded insurance companies, has been the main push of insurance sales, earnings and more stable products, security products at the same time by the Bank as a long-term development strategy, although the bull market when the thunder may not be strong, but not in regard to capital Market down, the experience of "riding on the slide," the taste.
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