Individual insurance rates spoiler Shanghai in September Paul Silver cool "brake"

[Abstract] in July and August alone two in a row on the Bank of Shanghai Bao-income prelude to the fall, was seen as cooling to maintain the rhythm of the September data, but there have been surprising. Silver had inflated revenue and insurance regulators have been included in the scope of the monitoring of several life insurance companies in Shanghai, in September of this year alone on the convergence of data has revealed the mean. At the beginning of large silver convergence of security when I entered the market in the near future, has been States unknown Chinese life insurance market in silver "rise."

=== === Wonderful reading

Bank of Shanghai Baojian Ju, make unannounced visits to high-risk insurance market somewhat non-convergence | | life insurance to the middle joint bank game: lower fees

Universal insurance settlement rate fell down Paul Silver | | topic: August turning point premium loom

Paul Silver, "cool" end effect in September marked reduction in premium growth | | Su Hao speech: Bank guarantee "blowout" hidden crisis behind

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In July and August alone two in a row on the Bank of Shanghai Bao-income prelude to the fall, was seen as cooling to maintain the rhythm of the September data, but there have been surprising.

Shanghai regulators yesterday announced an internal statistics show that Shanghai Bank security market in September Paul Silver's revenue rose slightly to start, 29 Chinese and foreign life insurance companies in a single month recorded a total of Banks and Insurance premiums 1,281,000,000 yuan, compared to 8 this year On the 1,249,000,000 yuan, up more than one ring on 2.56 percent.

It is worth noting that resulted in Shanghai in September Paul Silver cooling of the brakes is not that big a few silver security, but individual insurance from the New Army "spoiler", that is, on behalf of silver hair trying to quickly seize power and size of the market, and its radical Way has attracted the attention of regulators.

Banks and Insurance Companies have been major convergence

Silver had inflated revenue and insurance regulators have been included in the scope of the monitoring of several life insurance companies in Shanghai, in September of this year alone on the convergence of data has revealed the mean.

According to rough statistics, this reporter found that in September alone on the life insurance market in Shanghai, Taikang Life Insurance, Xinhua Life Insurance, People's Insurance health insurance, Ping An Life Insurance Company 4 Bancassurance premium income recorded were about 1.7 billion, 300,000,000 yuan , 015,000,000 yuan, 0.8 billion yuan, respectively, than in August fell about 0.7 billion, 040,000,000 yuan, 0.1 billion yuan, 030,000,000 yuan. Pacific (601,099, it shares) Life in September Paul Silver monthly income and basically the same as in August.

It is worth mentioning that the parent company of struggling with rumors of AIG Assurance Company, in September this year, Bank and Insurance revenue fell significantly. In a single month in August this year, Bank of revenue for the 2,405,000 yuan security, when in September fell to 250,100 yuan. In addition, the lives of Life, the Pacific (601,099, it shares) Aetna Life Insurance, in conjunction De Life, Britain, and other large Taihe Life in September Paul Silver monthly income of a certain magnitude of the decline.

In comparison, China Life in September Paul Silver's revenue growth trend, in August from the month of 148,000,000 yuan to rise in September alone, 163 million. "Bank of China Life insurance premium income was the result of this situation, may be due to the risk of boosting the role of dividends." Industry analysis "in the vote even difficult to sell insurance, universal insurance settlement against the backdrop of a decline in interest rates, dividends and risk Attractive doubled, pushing the main dividends of China Life insurance benefit is clear. "

New Army insurance "rise"

However, the above-mentioned silver in the beginning of major convergence of security when I entered the market in the near future, has been States unknown Chinese life insurance market in silver "rise." After this reporter found that calculation, the Chinese life in September this year, one stop on the 1.9 billion insurance premium silver platform, in September became the Bank of Shanghai's insurance market, "Bang Yan," Paul Silver market share surged to 14.79 percent.

"In fact, if the removal of life of the Chinese State, Shanghai in September Paul Silver markets have been signs of turning point." An informed source said. He also disclosed that the State Bank of life of the Chinese expansion of the security situation has aroused the attention of the authorities, do not rule out its related products have been suspended.

In addition, the opening of the near People's Insurance Company Brothers Insurance - Life of the People's Insurance in September Paul Silver monthly income than in August are still more than 30% of the growth ring. However, in June this year, compared to the silver on the policy to achieve the performance of 320,000,000 yuan, has been a great convergence. A well-informed sources said, "As far as I know, the first few months in view of the expansion of the Bank of security performance, regulatory authorities have requested a briefing PICC Life Insurance Bank security control of the scale, that is, in this year's September-December period the company of the National Bank Security income cap 500,000,000 yuan. "

Random unannounced visits started

At the same time, the Bank of Shanghai Baojian Ju security business over the management of the beginning of it falling into the hands of Department. A well-informed sources said that the recent Shanghai Bao Jianju inspection team sent by the Taikang Life Insurance is to conduct random checks, including misleading sales, silver, and other security growth. Shanghai Bao Jianju round spot is the basic object of the Bank of Shanghai's insurance market share of several large life insurance companies.

"We also want to scale down security silver, but not operate, for example, banks do not want to meet." A life insurance company no choice but to head to the reporter that since the market downturn in the Fund backdrop of the hard sell Banks in order to complete the annual assessment indicators in the Bank of security products on sale still has spared no effort.

In addition, the improvement in product mix, life insurance companies are also more difficult frankly. The above-mentioned person in charge, as pre-paid too much on the wholesale business, most companies do not pay period in the R %26amp; D efforts on products, so increasing the proportion of products to pay more in two ways: the stock of the Bank of security products PSPs pay period, Or a dangerous period of payment products, improved sales channels to the bank. "This period of payment products often can not keep up the current market demand."

Bank Insurance Fund jointly launch an attack in September bond Growth Trust 500,000,000,000

Central Treasury Bonds Depository and Clearing Corporation (debt in boarding) recently released data show that 9 at the end of the bond trustee for the volume of 14,470,000,000,000 yuan, an increase from the previous month 522,409,000,000 yuan, of which nearly seven votes to become the central, national firms, insurance agencies, funds At the same time, such as accelerated investment in bonds.

The data only in debt Deng registration, hosting, clearing the relevant book-entry bonds, excluding bonds (E-2 with the exception of bonds) as well as directly in the boarding card registration, hosting of the convertible bonds, and so on. As a result, the bond market as a whole in September hosted the actual increase in the amount of data may be far more than 500,000,000,000 yuan.

National firms, "The Return of the King"

Gordon in debt show that as at the end of 9, a national firm's bond trustee for the amount of 8,160,000,000,000 yuan, an increase from the previous month at the end of 226,400,000,000 yuan, is a single month since May incremental hosting a new high. The data also show that the national business conduct that month in the bond market Zengcang up the largest category of a body by the end of the previous three months also continued to reduce the hosting of the "trend", hosted more than the balance by the end of June.

The industry believes that the debt in accordance with Deng announced by the data estimated that hosting a national firm increment bonds from the central part of the vote, which is on the market in September with the central line with a considerable increase in the demand for tickets.

Statistics show that in September, a nationwide firm to reduce the amount of debt trusteeship 27,888,000,000 yuan, the National Bank to increase Jinrong Zhai 22,529,000,000 yuan, Jin Rongzhai Import and Export Bank, the Agricultural Development Bank Jinrong Zhai, Rongquan short of the amount of change in the Trust within 7,000,000,000 yuan. The above-mentioned types of hosting a total of almost unchanged. As a result, national firms to increase the amount of bonds hosting some of the bills from the Central Bank and commercial bank bonds. September, the central bank votes and the bond trustee business volume increased 355,000,000,000 yuan and 44.7 billion.

Although the central bank in September to begin to relax monetary policy, lowered the benchmark interest rate and deposit reserve ratio, but because of commercial banks and other institutions of the central needs of a very strong vote, the central counting circulation around high, the central bank "passive" money from circulation. September 2 1 last year to reach the central circulation votes or more than 100,000,000,000 yuan. Of course, some analysts believe that the central issue of vote of the sharp rise of "hedging" the deposit reserve ratio and interest rates will go down intention. In addition, in order to raise the capital adequacy ratio and increase working capital, commercial banks have also accelerated the bonds (general financial bonds, subordinated bonds, etc.) to issue, and September commercial banks led to the bond trustee of a significant increase of 44.7 billion.

Insurance institutions "fast attack"

September, in addition to national firms, are extremely active in the investment bond earlier the insurance sector and the bond trustee of the Fund also continues to increase. Data showed that 9 at the end of the insurance sector debt amounted to hosting 1,340,000,000,000 yuan, an increase from the previous month at the end of 108,268,000,000 yuan, the Trust Fund Notes volume of 1.04 trillion yuan, an increase from the previous month 100,777,000,000 yuan, which hosted the bond insurance agencies in a single month Incremental hit a new high in recent years.

Data show that the insurance sector to increase the amount of the bond trustee for distribution: 30,110,000,000 yuan of corporate bonds, the Bank Jinrong Zhai 18,653,000,000 yuan, the central and commercial banks votes of about 50,000,000,000 yuan bonds, and so on; Trust Fund Notes in the amount of nearly 700 million dollars in Since the votes in central and commercial banks, bonds, 100 billion comes from countries such as the opening line Jinrong Zhai.

In addition, the bond trustee in September increased more other agencies are: 29,507,000,000 yuan securities companies, credit unions 22,679,000,000 yuan, city businesses, such as 23,173,000,000 yuan.

The first domestic life insurance Index: youth groups, the weakest sense of risk

By Nankai University Business School and co-Heng Standard Life launched in 2008, "Heng standard life insurance index," an official release, which is currently the only life insurance index.

In different age groups "risk perception index survey" --- the higher the score means that the perceived risk the greater the likelihood people at all under the age of 50 of those surveyed, 29 people under the age of the lowest scores . In this population, 29.24 percent of the surveyed did not respond to the "rainy day" financial arrangements, significantly higher than any other age group; The 35-year-old to 39-year-old scored the highest marks in the crowd, some of the evidence of "mid-life crisis" Is not the telling of lies.

Not even account for risk has shrunk dramatically experts warn: the risk of surrender to expand

Involvement of the capital market in the doldrums, not even account for the third quarter net shrunk significantly, rising surrender. Experts warn that even at the risk for major pre-shrunk and the risk of misleading sales gradually exposed the dual pressure, the surrender of risk may be further expanded.

In the capital markets generally low prices, the stock fund investment proportion in more than 70% of stock-based insurance account for even the largest fall into this round of the victims. According to the World De investment consulting firm yesterday released in 2008 for the third quarter, even risk analysis, risk even in the third quarter for stock-based accounts to reach an average of 14.97 percent decline, the smallest drop of 9.24 percent, the biggest decline reached 25.30 percent. As of October 10, to life's Life "life-chi won the world" for life-insurance even for selected stock-price only accounts 0.5055 yuan to sell more than half of the initial price fell almost been cut; optimization and account balance Only the net value of 0.6944 yuan, representing an initial face value has shrunk into a 3. China and the United Kingdom and the Life of an enhanced index investment account for the sale price of 0.35645 yuan, 25.30 percent decrease over the same period, becoming the third quarter, the biggest decline in the share of investment accounts.

Investment in equity funds accounted for slightly less mixed stock-based accounts, although the rate of decline in general account for less than the former, but still a larger decline. The account of the decline in the average 10.87 percent, the minimum 2.65 percent, the biggest decline reached 17.75 percent. The mixed-type debt investment accounts as a result the bond proportion of different categories, in investment income also showed a huge difference. The mixed-type debt account the best account of the positive gains for 2.05 percent, the worst performance of the account in the same period compared with earnings -16.01%.

The main investments in bonds and the currency of the Fund's debt-and-currency accounts, the stock market was down by the impact of significantly less than the former. The bond accounts for the third quarter, only two negative income accounts, similar average 1.13 percent yield, Taikang Life sound investment income account to yield 3.61 percent yield on the list. The main currencies to invest in the Fund's currency accounts because of the risk of small-expected earnings lower, though all the accounts are being made gains, but the average income of only 0.64 percent, the highest in the currency investment income account of the top hedge ING account in the same period of earnings And only 1.28 percent.

Not even account for the risk of investment income generally lead to reduced risk for surrender even increasing pressure. This reporter has learned that in August this year to early October, there have been some areas there have been dangerous for even the focus on customer complaints surrender, demands full refund of premiums in some insurance companies, investment and even dangerous surrender of the highest rates of more than 50 %. One insurance company said, the present risk for surrender even an increasing trend in the short term may not be able to relieve.

"Cast off the risk even further surrender of risks remain." Such an insurance analyst said. Capital markets means that most of the cast remains in the doldrums even in the short term can not account for insurance Fan Hong, leading to even cast surrender the key risk factors still exist. Prior to this, insurance sales personnel to vote in even the main channel Banking and Insurance insurance sales in the process of "misleading marketing", that is, given the high security violations committed by the end of the proceeds, the potential risks in the future will be more exposed, the release of , Voted even dangerous surrender of the pressure in the short term may not subside. The potential risk for even the great risk of surrender, the relevant regulatory authorities have embarked on different levels of management. In addition to life insurance companies with real-time communication monitoring, require insurance companies to reduce investment risk even the size of the sale, the bank adjusted sales strategy, part of the regulator also ordered insurance companies, in serious cases even voted to suspend sales. This is also the date, the regulatory authorities to adopt the most stringent supervision of the emergency measures.

Insurance giant three-pronged assets of the insurance industry has shrunk "through" the worst time

Insurance giant three-pronged assets shrink

U.S. loan crisis is still ongoing at the spread of many global financial institutions affected to various extents, China's insurance companies can not be an exception? A few days ago, China Ping (601,318 stock it) that, in accordance with the principles of financial prudence, decided three of the Quarterly Bulletin of the Fortis group in the equity investments of about 15,700,000,000 yuan provision of impairment. To consider the impairment loss, it is expected that China Quarterly Bulletin safety net profit for the three negative 6.6 billion, while net profit for the full year of negative 4.6 billion. China Ping An has become a domestic financial crisis by the United States the largest listed insurance company.

Reporters learned that the current 3 A-share listed insurance companies, the China Insurance Regulatory Commission just approved China Life Insurance (601,628, it shares) and Ping An of China's QDII quota, respectively, corresponding to the company's total assets at the end of the 2% and 15% . It is learned that China Life Insurance and China Pacific Insurance (601,601, and shares it) not to invest Lehman Brothers, AIG, Merrill Lynch related to the bonds.

However, adverse global economic situation, A-share market fell steadily, the equity investment as a major means of profit, one of the insurance companies, the loss is very great.

Industry experts told reporters in the A shares listed on the three insurers, China Life to invest a minimum losses in its investment stake in a listed company, Minsheng Bank (600,016, it shares) the market value of the loss of about 630,000,000 yuan, the Industrial and Commercial Bank (601,398, It shares) A stock market value of the loss of 630,000,000 yuan, the China Construction Bank (601939, you share) loss of about 5.5 billion, China Shenhua (601,088, it shares) loss of 6.5 billion yuan, while Bank of China (601,988, it shares), Baoshan Iron %26amp; Steel (600,019, it shares), Datong-Qinhuangdao Railway (601,006, it shares) of the total market value has shrunk to reach more than 300,000,000 yuan. So far in the second half, China Life securities investment Fukui is expected to exceed 2.5 billion.

The Pacific Insurance is also considerable losses, the market value of equity investment has shrunk dramatically. Pacific Insurance in the second quarter held by the end of the top 10 stock market value, so far in the second half of Haitong Securities (600,837, it shares) the market value of the loss of up to 553,000,000 yuan, the Industrial and Commercial Bank of reducing the market value of 200,000,000 yuan, the development of deep-shrinking market value 270,000,000 yuan , Panzhihua Steel alum to reduce the value of the equity investment 087,000,000 yuan, so keep some Chinese Shenhua A shares, H stock market value has shrunk a total of 170,000,000 yuan, and its purchase of 50ETF equity investment losses of up to 100,000,000 yuan. As the A-share market so far in the second half of severe decline in the second half of the year to date close to Fukui 1,380,000,000 yuan.

The worst time has been spent

Cheng Siwei well-known economist, recently announced that the recent financial turmoil on Wall Street, is due to a number of factors zoom level, add fuel to the fire caused by intensified. Banks, investment banks, funds and insurance is the financial capital of the United States link in the chain, banks and funds have suffered, insurance companies will be the focus of the next crisis.

In response, insurance industry experts said that as China's insurance industry has not yet liberalized foreign investment in financial derivatives and are therefore not directly affected. But the loan-to-time to provide a deep crisis, Risk Alert, the insurance industry is to protect the essence of this function is to protect any other financial instruments can not be replaced. At the same time, investment in the insurance business can not rest on its laurels, China's insurance industry open up investment channels should continue.

In addition to "Die Die over" the A-share market, insurance companies investment income will continue to be a greater impact? China Merchants Securities, said Luo Yi, even if the A-share market continues to drop, insurance companies are unable to obtain return on investment, the impact on their very limited, the insurance industry has been through the worst of times. He said that the insurance fund for adjustment to changes in the market is relatively fast, as at the end of the first half of 2008, the entire insurance industry to use the funds for the balance of 2,706,300,000,000 yuan, of which, bank deposits 697,800,000,000 yuan, accounting for 25.8 percent; 1,450,800,000,000 yuan bonds , The proportion 53.6%; securities investment funds 185,540,000,000 yuan, accounting for 6.9 percent; and equity shares and 290,500,000,000 yuan, accounting for only 10.7 percent. To reduce the stock position, on the one hand, the rights and interests of the securities market caused prices to be sold, and the type of financial transaction the book value of assets shrink, on the other hand, the insurance companies for risk control of the initiative Jiancang, holdings in bonds and deposits.

China Insurance Regulatory Commission urged the Third Plenum of agricultural insurance this year, pushing the main micro-insurance (map)

People from this sector, micro-insurance is the China Insurance Regulatory Commission this year, pushing the main event. Information Times reporter Du Cui photo

Reporters learned yesterday from the China Insurance Regulatory Commission, in order to implement the spirit of the CPC Central Committee, stressed that the China Insurance Regulatory Commission Chairman Wu Dingfu, it is necessary to micro-insurance as a breakthrough point, the cause of the positive development of rural insurance. People from this sector, micro-insurance Insurance Regulatory Commission is pushing this year's main event. China Life Insurance (601,628, it shares), Pacific (601,099, it shares) insurance, Taikang Life and Xinhua Life Insurance, one after another in the near future to start a pilot.

Urged the Third Plenum of rural insurance

It is understood that the move is in the China Insurance Regulatory Commission, Wu Dingfu held an enlarged meeting of the party, learning to convey the party's spirit of the Third Plenary Session of the 17 hours that made. Wu Dingfu stressed that the micro-insurance as a breakthrough point in order to actively develop rural insurance. To actively develop the premium low, moderate security, the popular policy, nuclear security claims a simple micro-insurance products, so that the insurance benefit the broad masses of farmers and low-income groups. According to encourage innovation, competition moderate, careful monitoring and appropriate protection, the principle of sustainable development, actively explore the development of micro-insurance model. To micro-insurance as a breakthrough in rural areas, rural areas accident insurance, endowment insurance, medical insurance, family planning, insurance, migrant workers, as well as the insurance of agricultural insurance Housing development, gradually expand the coverage of the three agricultural insurance.

So far this year, snowstorms, earthquakes in rural areas gave a great loss. As a result, the insurance necessary to speed up the rural one, to set up a mechanism to spread the risks of catastrophe in rural areas has become a top priority. Wu Dingfu stressed that the insurance industry should actively explore and promote the establishment of agriculture and catastrophe reinsurance to spread the risks of the mechanism.

Companies to set up fast-track

Due to extensive rural areas, mountainous areas inaccessible to the rural areas can provide customers with fast and convenient services, insurance claims and higher efficiency, but also the realization of micro-insurance coverage a key factor in Canton. It is understood that Pacific Life in the industry to launch the first "real security" GPRS mobile a single system, enabling real-time in rural areas covered by insurance, a single move to rural areas to remote far, not a single issue. At the same time, Taikang Life will also be devoted to the establishment of "micro-insurance claims green channel" in order to achieve rapid settlement of claims.

For rural areas to carry out the high cost of insurance, the China Insurance Regulatory Commission issued the "issued on the small rural life insurance pilot program to inform," pointed out that insurance companies could be entrusted to the Women's Federation, the village committee, and other grass-roots organizations in rural areas, as well as a new type of rural cooperative Health care managers or agency, such as micro-insurance sales. Grass-roots organizations in rural areas was given a sales agent of the "heavy responsibility" to make up a small network of insurance and lack of manpower shortage in the exhibition industry, to a certain extent, reduce the cost of the exhibition industry.

2008 Standard Life Insurance Index, Hang On 70, after leading the overall average life

(And the original hearing Financial)

By Nankai University School of Business, Standard Life Heng together released "2008 Annual Heng standard life insurance index report" shows that between 30-39-year-old age group leading the overall average in other age groups.

(And the original hearing Financial)

According to expert analysis of the project team, "Sanshierli," 30-year-old crossed the age threshold of both the crowd into the family and the cause of maturity. They often there are old, under a small, middle-aged to become "ethnic sandwich", which groups more attention to the "family" of the responsibility of the family have a more mature understanding. At the same time, this group also is in the cause of the rise, for a variety of ideas to accept a higher degree of risk and opportunities faced by the corresponding increase in the corresponding groups of higher life insurance awareness.

(And the original hearing Financial)