2019.7.25 ｜ Today’s headlines re-sell insurance; Only 30% of white-collar workers buy health insurance.
On July 25th, China Banking and Insurance Regulatory Commission announced the operation of the insurance industry in the first half of 2019. According to the data, in the first half of 2019, the original insurance premium income of the whole industry was 2,553.7 billion yuan, up by 14.16% year-on-year. Among them, the original insurance premium income of property insurance companies was 670.6 billion yuan, a year-on-year increase of 11.32%; The original insurance premium income of life insurance companies was 1,883.1 billion yuan, up 15.12% year-on-year, and the new payment of policyholders’ investment funds and investment-linked insurance independent accounts was 600.3 billion yuan, up 28.32% year-on-year. It is worth noting that since the first half of the year, the health insurance premium income of the whole industry has reached 397.6 billion yuan, exceeding the auto insurance premium of 396.6 billion yuan. (today’s guarantee)
The total assets of Guangdong insurance industry exceeded the trillion mark, and the premium increased by 21.52% in the first half of the year.
On July 24, the reporter learned from Guangdong Banking Insurance Regulatory Bureau that in the first half of 2019, the total assets of Guangdong insurance industry (excluding Shenzhen) reached 1.02 trillion yuan, which exceeded the trillion mark for the first time, with an increase of 8.12% year-on-year. In the first half of 2019, the insurance industry in Guangdong achieved a premium income of 239.74 billion yuan, a year-on-year increase of 21.52%, of which the premium income of property insurance companies was 50.462 billion yuan, and the premium income of life insurance companies was 183.02 billion yuan, ranking first in the country in terms of total premium, property insurance and life insurance. (21st century business herald)
The highest rate of return of investment-linked insurance accounts in the first half of the year was 39%, and over 90% of the accounts received positive returns.
Recently, Huabao Securities recently released a statistical report on investment-linked insurance, showing that there were 200 investment-linked accounts included in the ranking system in June 2019. Except for three investment-linked insurance accounts with negative returns, all other accounts had positive returns, and the accounts with positive returns accounted for more than 90%. Among them, the accounts with the highest returns had a yield of 39% in the first half of the year. (Securities Daily)
Rongsheng Property Insurance lost 127 million yuan in the first year of its establishment. Less than one year after its opening, the president left.
Recently, the second quarterly report of solvency was released one after another, and the company’s "annual examination" report card was officially unveiled, which came together with the net profit loss of 127 million yuan and the underwriting profit of the top five insurance products, as well as the resignation of President Xu Guangzhe. In front of the new president, in addition to how to turn the tide and help the performance turn losses into profits, the next layout of technology insurance has also become the focus of attention. (beijing business today)
On July 25th, Shanzhen, the inventor and leader of medical insurance for the elderly, and Cathay Property Insurance, a member of Ant Financial, jointly created the "filial piety insurance" medical insurance product for the elderly, which was officially put on sale on Alipay Ant Insurance Platform. This is the second product developed by the joint industry for the brand-new insurance sub-category of old-age medical insurance after the original invention of good diagnosis launched the first domestic old-age medical insurance in March. The "filial piety insurance" old-age medical insurance uses the Alpha accurate risk control engine specially developed for the silver-haired group, which realizes the first insurance for the highest 80-year-old people to buy, and the longest insurance can be extended to 100 years old, providing the basic guarantee of malignant tumor+accidents and the guarantee upgrade of unlimited diseases, with a maximum coverage of 4 million. This product landed on Alipay Ant Insurance Platform, which also represents the initial recognition of medical insurance for the elderly by industry giants. (today’s guarantee)
Today’s headlines re-sell insurance, and after half a year of rectification, they are low-key online.
Today’s headline APP’s insurance channel has recently launched a number of products, which have changed to some extent compared with the main products before they were removed from the shelves: regarding the problem of improper publicity of its insurance sales subject referred to by supervision, the insurance channel display page of today’s headline APP has changed from the "headline insurance" initially displayed to "insurance service"; There is a gray font at the bottom of the page: this platform is provided with insurance services by Beijing Huaxia Insurance Brokerage Co., Ltd. At the same time, on the insurance product page, the words "sold by Huaxia insurance broker" were added to the information of insurance companies previously underwritten.
At present, today’s headline APP shows that the online products come from three insurance companies, including 2 Taikang Online, 5 Allianz Property Insurance and 2 Asia-Pacific Property Insurance. According to official website, an insurance broker of Huaxia, it also sells products of many insurance companies, such as Centennial Life Insurance, Luxury Life Insurance, Sino-Dutch Life Insurance, Ruihua Health Insurance and Anxin Insurance. Official website, an insurance broker of Huaxia, also showed that he is still selling insurance on the Know Car Emperor APP, which is also the headline APP today. (Broker China)
Take risks and invest in new science and technology innovation board. Expect to test the investment value with time.
Science and technology innovation board is the hottest topic in the capital market these two days, and it has also become the most surprising investment income of insurance equity this year. Insurance funds are also important institutional investors in science and technology innovation board. The six insurance institutions interviewed by the reporter who participated in the new venture in science and technology innovation board all said that "the rate of return is quite good" and achieved the expected income target. The insurance funds interviewed generally made a profit on the first day of trading in science and technology innovation board, and said that they would continue to pay attention to the follow-up trends and opportunities. (Securities Times)
Foreign capital makes efforts to invest in insurance market segments or benchmark international markets.
The Office of the State Council Financial Stability and Development Committee recently launched 11 measures to open up the financial industry, among which the opening up of the insurance industry is regarded as the "highlight" by the industry. Although the market share of foreign life insurance will increase in the future, the channel problem may be the bottleneck of the business development of foreign life insurance companies. Internet sales can be a breakthrough in the future, but it will be limited by the total scale. Therefore, poor sales channels will still restrict the development of foreign life insurance companies in the future. The liberalization of the foreign shareholding ratio of insurance asset management companies will promote the insurance investment to be in line with the international market, dig out more assets that meet the long-term characteristics of insurance funds, enhance the investment ability of insurance funds, better support entities, and support the transformation of liabilities. (china securities journal)
On July 24th, according to the latest survey of the Financial Times, one third of the respondents of Mutual Treasure users said that they are very likely to buy critical illness insurance in the next six months, and the proportion is as high as 55% in first-tier cities. Among the users who did not participate in mutual treasure, the proportion was only 22%. The Financial Times said that at first, traditional insurance companies were worried that mutual treasures might divert customers. On the other hand, the survey results are just the opposite. Mutual Insurance has raised the public’s awareness of protection by lowering the protection threshold, so traditional insurance companies have gained more potential customers. (World Wide Web)
Report: Only 30% of white-collar workers buy health insurance.
Zhilian Recruitment and Micro-medicine recently released the "2019 Workplace Health Report". The data shows that only 20% of white-collar workers think that they are in good health, only 30% of white-collar workers buy health insurance, and the purchase rate of young people is low. According to the survey data, only 23.3% of people in the workplace think that they are in good health at present. Among them, 5.5% rated themselves as "very good"; It is considered that the general physical condition accounts for the most, reaching 45.4%; Another 31.3% people think that their physical condition is poor. Men are more confident about their health, and 26.8% of men think they are in good health, compared with 19.8% of women. (Beijing Daily)
On July 24th, the reporter learned exclusively that the regulatory authorities recently found internal control loopholes such as lack of management system and imperfect early warning mechanism in a thorough investigation of 62 property insurance companies operating credit insurance business, and warned the companies to operate cautiously and make practical rectification. (shanghai securities news)
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BriteCore, a supplier dedicated to providing the next generation of core software solutions for insurance companies, announced that it has received $47.5 million in financing led by WarburgPincus. The original investors RadianCapital and WCF Mutual Insurance Company also participated in this round of financing. This round of investment has made the company’s total financing amount exceed 70 million US dollars, enabling BriteCore to further accelerate the development of innovative products, while continuing to expand its insurance industry expert team to help support the growth of its customers. BriteCore is a platform that provides modern end-to-end core software for property and accident insurance companies with industry-leading technology. The cloud native solution designed by Britecore is deployed through Amazon web services and constantly updated, which maximizes security, efficiency and durability. The API integration function provides access to third-party solutions and extends the basic core, data and digital products of BriteCore. More than 50 insurance companies, MGA intermediary platforms and insurance technology start-ups have cooperated with BriteCore to access emerging technologies, improve operational efficiency and optimize user experience through this platform, so as to promote digital transformation and gain competitive advantages. (crossing insurance observation)
SPLICE Software cooperates with Lighthouse Property Insurance to provide user service for it.
SPLICE Software is an American technology company that is good at using big data, small data and voice recognition technology to optimize user participation. Recently, SPLICE announced that it has reached a cooperation with Lighthouse PropertyInsurance, a regional property insurance company, which will provide proactive personalized communication services for policyholders of Lighthouse to enhance the company’s user experience. It is reported that Lighthouse Property Insurance will simplify the communication with policyholders and optimize the user experience through SPLICE’s Dialog Suite. In addition, Lighthouse will exchange data seamlessly and securely through Insuresoft’s diamond platform and SPLICE. (crossing insurance observation)
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