Insurance losses and reduced losses only losses are urgent self-rectification

China Insurance Regulatory Commission recently sounded thoroughly the risk of industry-wide early warning, the insurance company from top to bottom is busy self-rectification. "We are on the company to implement 70 of the China Insurance Regulatory Commission to develop a spirit of the documents related to the implementation, to ensure that all institutions, all sectors and all-round business compliance, maximize the only loss, loss, loss." Tian An Insurance is responsible for a People said yesterday.

The person in charge of the 70 mentioned document, that is, the China Insurance Regulatory Commission recently issued a "further standardize on the property insurance market order program." In accordance with the required documents, the Insurance Company to 2008 from Jan. 1 to Aug. 31 during the operation of the illegal conduct self-examination and self-correction, and in October 30, 2008 will be the details of self-correction China Insurance Regulatory Commission reported.

70 document issued in the domestic Insurance Company of a storm blowing between the various branches of head office took the opportunity to thoroughly auto insurance carrier status quo, in the end a search altogether, in addition, reduce operating costs, Jigan claims such as the water is Focus on training. Insurance insiders revealed that the Earth said the company recently introduced a number of hard measures, "Meng" drugs to enhance the rectification and reform "efficacy" and "violations, should have the courage to expose."

Insurance under the earth, "Meng" drugs, including: the Office of the Chief Executive branch leaders and members of the "one-on-one" talks and signed a "responsibility to shape"; banned, as well as the company has repeatedly reiterated that the "warning line" issues have not entirely correct And a thorough reform, and so on, "一票否决制." It is understood that the earth E Chief Executive of the members of the insurance separately in the near future to Jiangsu, Henan, and other branches for more than ten research has been on the statute of limitations 6 auto insurance claims slow, poor quality of the branch had a question or a warning statement.

"This self-examination and self-correction is still the main focus of a comprehensive auto insurance regulation." Insurance, a company official said. This reporter has learned that an insurance-day in-house auto insurance regulation proposed five measures: strict control over the high rate of payment of private cars and new car business; resolutely ban on illegal insurance intermediaries, industry and non-qualified agent Automobile Plant, introduced the business; Strict control of non-brand motor car insurance business; resolutely ban on recruitment of high-cost auto insurance business conduct; to strictly enforce the insurance regulatory approval for the record, or the terms of rates, determined to do, "reported the same line."

In fact, no fees paid in accordance with the fact that a single false refund approved, the bill single tear, the yin and yang, and other documents irregularities Insurance is a well-known secret in the industry. The industry's large-scale rectification, or the Insurance industry for the first time. "The China Insurance Regulatory Commission announced the punishment than in the past, companies dare not take it lightly." Insurance, a company employee said.

In another Insurance Corporation, the company's internal documents, the reporter clearly see the end of the document marked in particular: the rectification will be made at the test track, not for the strict implementation of the China Insurance Regulatory Commission document 70, ineffective management, performance is not clear To improve the agency, will be based on specific circumstances, were taken to cancel or reduce the security of nuclear He Pei, a restricted part of the business or single-stop business development, Guantingbingzhuan serious loss of subsidiaries, to replace the loss related agencies to punish those responsible, and other measures .

For the glory fade even face the risk of crisis

Last year, unlimited scenery of the vote even now the risk is no longer dazzling. By the capital markets in the doldrums, even for Shanghai insurance premiums monthly decline in September to invest in insurance-type proportion was only 6%, while the highest proportion was 30%.

Bancassurance channel in the first half thanks to the force, most of the life insurance companies has been completed and operational targets throughout the year, even dangerous at this time for the business downturn appears to be "superficial" and let the real life insurance company is a headache for even the risk The increased volume of surrender. In Tianjin, Shandong, the two large-scale outbreak of the vote even dangerous surrender, the Shanghai market, even for the same risk can not be optimistic. Reporters learned that even in Shanghai for self-insurance surrender in May began spreading, Ping An Life Insurance, Metropolitan Life Luen Thai life such as Life's surrender rates have more than 40%.

Diving a sharp fall in the premium account

Shanghai Insurance Association data show that 7, 8, 9 for three months, even insurance premium income decline in a row, are as follows: 340,000,000 yuan, 2.2 billion yuan, 180,000,000 yuan. 3 for the entire quarter, even insurance premium income also fell by 65%.

Shanghai to vote even dangerous leader of the Taikang Life Insurance and Ping An Life Insurance premiums decline even more pronounced: Taikang vote even risk premium income in September than in July shrunk 2 / 3 vote in peace even risk premium income in September to 4,000 million in the past The average monthly decline in three months to nearly 10,000,000 yuan. However, Hai Kang Life has become even cast a sharp fall in insurance premiums under the "alternative", even for its insurance premium income in July from the 7,220,000 yuan rose to 38,750,000 yuan in September.

Account of the sharp gains directly affect the vote even diving insurance premium income. According to the World De investment consulting firm released for the third quarter, even risk analysis showed that the domestic A shares fell concussion, the third quarter of the vote even dangerous side-stock accounts reached 14.97 percent decline in the average, the smallest decline 9.24 percent, the largest 25.3 percent decline. Select the rights and interests of safety, such as investment accounts in June has shrunk from 21%. As a result, when sales that promise high-yield investment risk even difficult to move consumers, damage the interests of a large number of customers began to choose surrender.

Sales are frequently misleading surrender

Although the Shanghai Bao Jianju life insurance company has not announced various insurance Even for a specific rate of surrender, but each life insurance company "when the family members" are dangerous even for the current situation very well. Prudential Life Insurance Zhengshao Wei, general manager of the Shanghai branch said the risk even voted in Shanghai has reached a very high level of surrender, especially those who voted even dangerous results "big."

Compared to the dividend risk and risk everything, even for risk investment risk entirely up to the customer themselves. If the insurance companies will be able to link sales may be clearly informed of the risks, so that customers are ready to bear a certain degree of risk, then a period of shrinking accounts and will not lead to surrender too much. But now the situation is that life insurance companies in order to the performance of red, misleading sales, most of them only said nothing about the risks of high-yield, leading to customer accounts in the face of the present value of the gap psychology have a great time.

State Shou Li, deputy general manager of the Shanghai branch said in an interview that, even dangerous for the highly professional, the bank sales channel is very difficult to completely inform, life insurance companies substantially in the pursuit of performance, error estimate The situation in the capital markets and customers for the ability to bear risk, as a direct result of the emergence of a large number of surrender.

October 17, the China Insurance Regulatory Commission to vote on the issue of surrender even dangerous risks prompt release. Insurance-related charge also indicated that certain areas in the individual insurance companies will experience even for surrender of the problems are many reasons, including the sale will not even vote in risk insurance products to its customers to explain the problem, OCI Will be under investigation and will be dealt with sternly.

It is learned that the surrender under pressure, some banks in Shanghai have been active in the investment halt even the Internal insurance sales. Reporters interviewed some of the Construction Bank outlets, found that sales of previously Taikang "winner financial management" under the counter quietly, for the "Golden Mancang" dividends as the main risk. Bank sales force that even the cast does not sell insurance has been 12 weeks, the specific reasons not entirely clear.

"Source of trouble," What

In 2002, Ping An Life Insurance sales due to vote even when there is the risk of misleading, and coincided with the bear market, with the result that a large number of customers have suffered losses, not even cast off dangerous storm; vote even dangerous wave of surrender was made to vote even risk insurance market disappeared in 5 years For a long time. After last year's short-term prosperity, even for a lesson in how dangerous, Zaiyu "surrender" a difficult question?

Shanghai University of Finance and Economics Professor Zhong Ming Head of the Department of Insurance believe that the main reason for the supervision and operation of two layers. Although the vote last year, even as early as the sharp rise in the performance of risk, one after another on the China Insurance Regulatory Commission issued the "Interim Measures for the Administration to vote even dangerous," and "new type of product information management" and "even voted to strengthen risk management matters related to the sale of the notice" , Called for the strengthening of risk even for the risk management and marketing tips, but crack down on misleading sales side, there is no clear punishment measures. The force is to monitor the background of relatively weak, as well as from the lack of mechanisms, it can not effectively contain the emergence of misleading marketing.

Naturally, the cast even dangerous wave of surrender is also the initiator of the life insurance company. With the increase in the main competition, you can not build an effective channel for the insurance joint venture life insurance and small and medium-sized life insurance companies, in order to seize market share, and have pushed through the Bancassurance channel for insurance even as a short cut.

In contrast, the relative stability of large companies make their business strategy for high-risk investment and risk even set foot in depth. Shanghai market, and the Pacific (601,099, and shares it) did not follow the trend of life for even the introduction of risk, the National Bank of life insurance in the channel is still the main risk to play dividends. On the other hand, small and medium-sized companies, as the market tend to be more aggressive challenger to "scale looting" of the main strategies it is often overlooked, such as the risk of misleading sales, many companies have adopted the commitment to yield the way for even sell insurance, and some even "Fund", this directly paved the way for the surrender of the seeds.

Surrender to avoid loss of the use of accounts conversion

Even dangerous for both security features and investment features, usually with a number of investment accounts, including bond, equity, hybrid and so on, and some types of investments under the direction of a different configuration, up to 8 investment accounts.

In the face of shrinking net accounts, a large number of customers choose to surrender; But in fact, blind surrender will incur a greater loss to customers. In order to insure 100,000 yuan for the silver security risk even, for example, the first year of the first general deduction of 3% service charge; some insurance should also be deducted 2% of the sale price, the rest of the money into investment accounts. The surrender charges under the different companies have different insurance requirements, generally in 1-3 years, surrender, according to the account value at the time would also be deducted 1% fee.

At present, the market revenue in the doldrums, many companies even risk the value of the account is negative growth, the choice this time of the surrender to face a greater loss of customers to consider the proposal to convert the account balance of the proceeds. If the market in high-risk time will be transferred to the bond-type funds, such as the relative stability of the accounts in order to avoid investment risks.