In the first half, silver and premium channels Post-scale blowout, caused by the insurance regulatory attention and vigilance, life insurance companies and insurance business to Bank of slow growth rate, Bank of security products to the payment period of transition. 7, 8, 9 for three months, Bank of Shanghai life insurance company growth rate is slowing down, total premiums 4.1 billion, with the first and second quarter were down 39% and 31%.
Paul Silver brake business, as a direct result of Shanghai's life insurance premium income decline. In the third quarter, the Shanghai life insurance premium income of 10.5 billion total over the previous two quarters were 3.7 billion and 1.9 billion.
Bank of red used to Bao indicators
July, the insurance regulatory authorities for the Bank's insurance business down after the horn sounded, quickly respond to the many life insurance companies. The Bank of Shanghai People's Insurance health insurance large silver in the third quarter from the previous quarter, income security of 2,000,000,000 yuan reduced to less than 2 billion Taibao, Taikang, the Thai city, life insurance companies such as silver correspondingly lower security The size of the business.
Analysis of the industry, most of the life insurance companies in the first half of sprint silver, has completed a full year ahead of schedule premium tasks, such as Xinhua, Taikang, healthy people. On this basis, with their large silver security authorities to reduce Banks and Insurance business, how music is not?
There is no doubt that the company's life insurance policy is based on annual premium business-oriented indicators. Shanghai's life insurance market to set up the shortest possible time the two companies and National Life Zhengde Chinese life, as a result of the annual premium is still a certain size requirements, the use of even a short period of market Ag security vacuum competition, pushing silver security business. In the first three quarters of this year, Ching Tak on life insurance operating income at Bank of 180,000,000 yuan, with revenue in the third quarter accounted for 98%; States on Chinese life insurance income at Bank of 244,000,000 yuan in the third quarter accounted for 91%.
A dangerous mission risk short-board hard to fill
Reporters from the life insurance company in Shanghai that, in the third quarter is usually the Bank of security operations through an adjustment period, and the regulatory authorities for the business-to-date policy, so this year, this wave is more severe adjustment. Statistics show that Shanghai's life insurance market in the third quarter of Banking and Insurance Business 4.1 billion of the total premium for the percentage of 39%, than the ring has dropped by nearly 10 percentage points. Instead, the risk is a dangerous mission and the proportion jumped up, the insurance corporation of which the share of the business chain increased by 6 percentage points to 24%; proportion of insurance business increased by 4 percentage points to 35%.
Strengths being compared to the Bancassurance business, life insurance companies to expand business scale of risk really is not easy. In the first three quarters, the Shanghai Life Insurance Company of insurance premium income declined quarter by quarter, in the first quarter of 4.4 billion in the second quarter of 3.9 billion, 3.7 billion in the third quarter. Shanghai 39 life insurance companies, Ping An, the country life, friends companies 3 000 Total insurance premium income 9,336,000,000 yuan, 77.64 percent market share; the remaining 92% of the life insurance company for less than 23% market share, It goes without saying that difficult.
Mission-risk business case. Country life, Taibao, Britain and Taihe large, old-age safety 4 Mission's insurance revenue 5,527,000,000 yuan, accounting for 71% market share. It is reported that the Yangtze River since the left circle old-age pension business in Shanghai state-owned enterprises, in addition to the United Kingdom to receive Shareholders Taihe big business, insurance corporation of the Shanghai competition to focus on the small and medium-sized enterprises.
Shanghai, a life insurance company said, would like to develop a business risk but not hire people, it is necessary to extend the mission there is no risk relationships, in addition to handling agents rely heavily on the channel banks, small and medium-sized insurance companies almost difficult to find large companies on an equal footing with the Business point of competition.
Internal and external problems facing the next year
At present, or because of regulatory pressure on the policy, or to retain room for growth next year, the Bank of Shanghai Bao-emergence of one-quarter of a larger business adjustments. However, near the beginning of the end of the year, the Life Insurance Corporation, the company will usher in the New Year's business indicators, the current structure of short-term business can continue?
A Chinese-funded life insurance company said the channels, through the force this year, the bank insurance business, the company achieved a leap in growth, completed a remarkable head of the development of performance indicators, but also for next year's growth potential buried. It is clear that the corporation will certainly do not want to see negative growth in branch office performance, and in a dangerous, dangerous missions, such as lack of growth in other channels of business operation, it will likely continue this year, Bank of security-oriented development strategy.
For life insurance companies to pay a view to develop silver-security products, but the channels have the right to speak does not agree with the bank. It is reported that wholesale and insurance products to pay Bank, Bank of view to the promotion of products each year to pay large fees to the loss of income, which will seriously affect the bank's intermediate business profit growth.
Some people believe that the shares through a bank or insurance company holding a way to resolve the current security products, silver high fees. However, bank shares are still far from the water almost did not thirsty. Besides, even if the trip, in the middle of a huge business indicators before, I am afraid, will not be a subsidiary of uncertainty for the development, and to give up in sight of the huge fee income.
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