Surrender another wave of the rise in some areas even voted in an emergency brake on insurance sales

Three potential wave of surrender and then buried the seeds of the rise in some areas even voted in an emergency brake on insurance sales

Last year earned bowl full of pots full vote again this year, even dangerous wave of surrender suffered in recent days, authorities ordered some of the brake Mengcai insurance risk even voted to suspend sales. Cast even dangerous wave of why surrender in 2003 after a repeat? Experts believe that the mechanism of the three major problems such as lack of investment is even dangerous surrender of the main reasons for reproduction.

Jian Guanceng wave of surrender to close gates

According to sources, the major insurance shandong Province, in August this year to early October, local regulators had received complaints of 273 cases, of which only 233 there in September, customers require a full refund of the premium. At present, 96 have been closed, including 84 in full accordance with the surrender deal, part of the surrender 3, 9 appease accepted.

In addition, before the National Day of a small and medium-sized Chinese-funded insurance companies in Tianjin, there have been insured to the group's surrender. In other areas, part of the surrender of the insurance rate hit a new high.

It is understood that the insurance Haikang encountered complaints focus on, surrender, and other more serious incident, the insurance companies to operate their own, the insurance industry and the community have resulted in adverse effects.

To this end, some areas of regulatory bodies to convene an emergency meeting of the notification, request the relevant agencies and insurance companies immediately to vote separately to establish their own contingency plans and even the insurance reporting system, the Bank revised security product sales process, the adjustment of product sales target , As well as to improve the return visit, and said, "if not 100% sure now until the end, companies will have to vote to stop even the risk of Bank and Insurance sales, it is necessary to carefully carry out other sources of risk even for sale." In addition, the regulator Also requires insurance companies can not use the opportunity to vilify the industry, once discovered, investigated and dealt with serious, even dangerous incident voted to prevent a recurrence. This is also the date, the regulatory authorities to adopt the most stringent supervision of the emergency measures.

Led to the surrender of the three potential wave of relapse

The surrender occurred frequently can not help worrying wave of surrender in 2003 will be staged again. Seems to be worse this year, in addition to the bear market over Die Die, investors also face the global financial crisis. 5 years after the operation of insurance companies should become more mature, but also why even risk for recurrence of incidents of collective surrender?

A senior insurance industry analysis, lead to even risk for recurrence of the reasons for surrender from the three areas. First of all, with the increase in the main competition, competition, you can not build a strong channel risk insurance and foreign forces in the small and medium-sized insurance companies in urgent need of the market in the fierce competition in the market to seize, to Bancassurance channels are often not even cast as a risk Stepping stone.

Secondly, business strategy, foreign investment insurance and small and medium-sized insurance companies as the market tend to be more aggressive challenger. "Robbing the size of the" risk-based strategy led to the rapid expansion of enterprises in the same time, ignoring the risk of misleading sales, which reflect the body in the branches even more salient, and to surrender today, the risk of a concentrated outbreak of paving the way.

Third, the level of supervision, monitoring force in the background of relatively weak, as well as from the lack of mechanisms and can not fundamentally contain the emergence of surrender. Currently correspondents from the grasp of the situation, have been part of the failed insurance company solvency and there have been negative net assets. However, due to the lack of exit mechanisms, which failed in the insurance market continues to hold, regardless of the consequences and to make a last-ditch struggle, to seize the market, forcing insurers to take other radical a strategy to deal with competition. This is fundamentally misleading sales induced by the appearance.