129779408092812500_104"Last year, have surrendered significantly more customers, we very much stress.
"A life insurance agent told the investors complained reporters road.
Suffered huge floating loss-plagued insurance company premium growth
tera gold, investment, and now had to face the growing surrender. From a variety of data, under the influence of capital market of winter, the insurance industry will once again face a surrenderThe peak.
History is always similar, 7 years ago (2004), the insurance industry has experienced investment and even the bitter experience of surrender in the risk set.
At present, four domestic insurance companies have you published the annual report, the four cash surrender value of more than $ 65 billion, an increase of 60%. Not only that, the surrender of the entire industry rates are high, has also become a concern of regulators in some areasInsurance Council's surrender begin troubleshooting in the prevention area.
Cash surrender value exceeded 65 billion of capital market chill the final transmission to the insurance market. Domestic results for the 2011 four publicly traded insurance companies disclosure is completed, China life insurance, China ping an, China Pacific last year, Xinhua insurance loan value of more than $ 65 billion, an increase of 60%, Zhao was difficult in life assuranceBorder.
Published the first annual report of China Pacific surrender gains top surrender from 2010, the total amount of $ 4.498 billion g rose to $, 113.6% per cent, its surrender rate surge from 1.5% per cent.
China Pacific's reason was due to higher interest rates caused by banks and insurance companies and some products surrender increased. Surrender gain lineSecond Xinhua insurance, cash surrender value rose 95.16%, amounted to 15.047 billion yuan, the surrender rate was as high as 5.71%. Xinhua insurance annual report explained that this is due to the 2006 major participating loan value of endowment insurance products sold increased. The bonus more than premium cash value of insurance products at the end of the fifth principal, the other sideChannel in the interest of the domestic market, some customers choose to surrender.
China life insurance surrender amount was significantly improved, 2011 up to $ 36.5 billion in 2010 and $ 25.7 billion, an increase of 42.1%. China life to cause more or less, "by business growth, higher interest rates, surface tension of funds and other financial products in the market impact-Click and other factors. "Waves of the surrender, ping least affected.
Ping an life insurance surrender the amount rose 15.5%, surrendered the amount reached 4.4 billion. Bonus insurance into a disastrous "surrender Chao set the fundamental reason is that capital market depressed, insurance investment income poor. Banks and other financial products are relatively stable channels ofHigh income, attracted a lot of people of all ages.
"Beijing technology and business University, Wang Xujin, Director of the Department of insurance, said when interviewed by reporters of the investors. Wang Xujin told reporters that the surrender of major focus on investment-type insurance, especially dividend coverage
tera power leveling, small and traditional social life has been hit. If from the channel, banking channels, andSavings and financing products for direct comparison of 3-year, 5-year single premiums more surrendered.
In 2004, Xianzhong was investment, investment and even insurance is also a darling of the market, which surrendered after a wave of, had been depressed, until now, investment and even insurance is already marginal product. Last year 70% of dividend income insurance to life insurance companies, so the hit mainly dividendsInsurance. Hao Yansu, Central University of finance and Insurance Department Director to lead students to an investigation.
Research also shows that in addition to selling misled the clich�� question, insurance rate than fixed deposits, economic situation caused by the insured, such as increase in funds demand, gold bundle of channels increases, as well as other investment banks, policy holders choose to surrender for four main reasons. SinceSince the second half of last year after the Central Bank raising interest rates several times, rising yields on bank financing products, savings bond three-year and five-year yield reached 5.5%~6.15%, but 2.5% yield on term life insurance product contents had not been able to break through the bottleneck, so dividend risk losing in the round of competition. Four major insurance company regulators begin to troubleshoot surrenderHigh level, and is not an accident, but a common industry-wide challenges encountered.
According to the information released by the China insurance regulatory Commission, the third quarter 2011 surrender rate climbed to 3.14% of the national life insurance company, cash surrender value as high as $ 135.82 billion
tera power leveling, an increase of 73.8%. This undoubtedly endanger sustainable development of insurance companies in some areas, there is even a follow focus surrenderThe phenomenon. For example, the 2011 1 September, cash surrender value in Wenzhou area $ 1.175 billion, an increase of 59.3%, 40.6% higher than premium growth. There are three of these companies was one of the first detected the priorities included in the surrender. According to the 3 companies, silver business surrender $ 554 million in January-September, an increase of 70%, surrenderAmount of 73.3%.
Wenzhou branch entered into force more than 5 years of life such as the Chinese policy loan value up to $ 89 million, an increase of 73%. Wenzhou surge in surrender, since it may be that the second half of last year, some small and medium enterprises in Wenzhou money lending crisis caused by strand, caused huge losses for many personal funds, has no intention of renewal. Surveys show thatThese areas for general lack of confidence in premium growth in the late, premium growth likely to fall further.
Surrender situation in other areas are less than promising.
Despite the surge in outside investors for the surrender of data are concerned, but in the management of a listed company it seems insufficient for fear. "Surrender of trend this year will not deteriorate. Silver sales surrendered the problem is business developmentRhythm lead, surrender did not expect a significant change this year, four quarters last year surrender will have to curb.
"China Pacific Board Chairman and General Manager Xu Jinghui results briefing so optimistic. He Zhiguang, President of Xinhua insurance 29th results briefing for reporters, companies higher surrender rate was due to the company and other insurance companiesSurrender rate of certain differences in the way. For the company, and every product design has assumed proportions of a surrender rate, currently surrender rate is still in the design of product control within the scope of. "Has now adopted a series of measures to control processing, January-February, well, for the surrender of the future trend is not worried. "Management of listed companies and optimismDiffer is that the regulators was worried. Chairman of the China insurance regulatory Commission Xiang Junbo in January this year on the national work Conference on insurance supervision, underscored the risks of insurance companies to prevent the surrender, "a major focus this year is to prevent surrender. "It is the investors understand, since March, Shanghai, Dalian, Sichuan, Shanxi and uti possidetis risk life insurance surrender within the administration areaTroubleshooting, Shanxi Administration also enacted the insurance life insurance industry in Shanxi surrendered risk monitoring reports. Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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