As the capital market remains in the doldrums, even for insurance account has shrunk dramatically, along with misleading sales in the near future for the individual places even dangerous surrender of collective events. Even account for a substantial lead has shrunk in recent Tianjin, Shandong and other places there have been complaints and focus on collective surrender, a few small and medium-sized insurance companies for the risk even more than the surrender rate of 50%.
As the capital market remains in the doldrums, even for insurance account has shrunk dramatically, along with misleading sales in the near future for the individual places even dangerous surrender of collective events. Reporters from the major insurance companies in Beijing that, in order to prevent mass surrender, many companies have not even vote in risk insurance from the Bank of channels under the framework and structure of the business in return protection, savings of more traditional products.
Not even account for risk has shrunk dramatically
De World Investment Consulting released in the near future "to vote in 2008 even risk analysis" showed that even in the third quarter for stock-based insurance account seriously hurt in the statistics of the 17 companies account for 91, the partial-stock average account Decline to reach 14.97 percent, the smallest drop of 9.24 percent, the biggest decline for 25.30 percent.
Even account for a substantial lead has shrunk in recent Tianjin, Shandong and other places there have been complaints and focus on collective surrender, a few small and medium-sized insurance companies for the risk even more than the surrender rate of 50%.
Involved in capital market cooling, the same investment in the insurance universal insurance also passed their prime. In the central bank announced the rate cut before the various insurance companies released in September universal insurance billing rates have been on the decline across the board, from the peak in the first half of the 6% decline to the present 4-5 percent, the lowest in the maintenance of only 2.5% .
Bancassurance channels off the shelf for even risk
"Over the past period of time, the insurance industry's own departure from the direction of development, only the pursuit of investment income, but the main function of insurance products or the provision of security risks. In the face of the current insurance industry, the insurance industry should be adjusted in a timely manner and return to the conservative And security. "Central University of Finance and Economics professor Hao his insurance Su told reporters.
Many insurance companies have been aware of the risks and started to adjust its business structure to protect the traditional type of savings-type products is expected to become mainstream. "We are currently in Beijing, major banks selling insurance products only dividend risk, even for universal insurance and insurance is no longer Bancassurance sales channels." Bank of China Life shares in the company in charge of security-related channels told reporters.
Reporters learned that China Life and similar, a great number of insurance companies have been in Beijing, Shanghai and other places even voted to suspend the insurance and universal security risk in the Bank's sales channels such as Xinhua, Sun Life Everbright Life Insurance and now silver in the sales channel for insurance products Dividends are limited to the risk. The China Pacific Insurance's life insurance business has been focused on containing the value of the traditional high-risk insurance and dividends, has not been introduced, "even for risk" products; China Ping An has been on the Bank intends to control the security channels, it has not been The cast even surrender storm.
Traditional insurance huge room for development
In recent years, due to the favorable capital markets, investment-type insurance in China is developing rapidly, as of this year by the end of July, the dividend risk, and risk everything, even for three investment-risk insurance market share of the total close to 80%, and the growth rate is much higher than Varieties of traditional life insurance.
"Security business, the business agent, is a process of intensive cultivation, need to be patient, very professional, to build medical centers, it is necessary to build nuclear security, He Pei, have experience in the analysis of the need to take a longer investment process. Investment Although the business is technically difficult, but the relative security it easier for business to get started, so many new companies are willing to start from the investment business. "Supervision of the China Insurance Regulatory Commission personal insurance actuarial Department Director Ding Chang said.
"In addition, many Chinese consumers often believe that some things never happen to them, so do not want to buy security products." Standard Life Heng, chief actuary and chief marketing officer Wei Zhuo told reporters that since most of the domestic To protect the type of business is relatively small, so its future is a lot of room for development.
"Of course, this also needs the permission of relevant state policies and support. For example, in terms of tax revenue funds to allow pre-tax or tax time can be offset, such as tax incentives, this business will be significant growth." Chinese Life Insurance Marketing Vice President Liang Shuchun manager said. (Chen Sheng-li)
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