Future development prospects of insurance companies

According to the data in the Analysis Report on Market Foresight and Investment Planning of Insurance Industry released by Foresight Industry Research Institute, from 1 to March, the premium income of the whole industry decreased by 1 1. 15% year-on-year, which has not happened in the insurance industry for many years. The reporter checked the relevant data since 20 14 and found that the premium growth in the first quarter of each year kept at a double-digit rate. 20 17 years is 32.45%, and the fastest year in 20 16 years is 42. 18%. Generally speaking, the performance in the first quarter is the most conspicuous quarter of the whole year, because there is the usual "good start" sprint of insurance companies in June 5438+ 10 every year, and this year, under the atmosphere of risk prevention and stricter supervision, the industry failed to achieve the "good start", thus affecting the overall performance in the first quarter.

According to the data of Prospective Industry Research Institute, in the first quarter of this year, the original insurance premium income of life insurance business was 950,865,438+billion yuan, down18.22% year-on-year; The original premium income of health insurance business was156152 million yuan, down 2.39% year-on-year. Specifically, it is mainly influenced by document 1999 12. The implementation of 134 by the China Insurance Regulatory Commission in June last year restricted the main annuity products that made a good start, and the sales volume dropped sharply, which led to a slowdown in the growth of new life insurance business. Taking the industry benchmark as an example, in the first quarter of this year, the premiums of new life insurance business of China Life Insurance, China Pacific Insurance, China Ping An and Xinhua Life Insurance decreased by 35.3%, 28.2%, 16.6% and 49. 1% respectively.

Although the overall premium income showed a downward trend in the first quarter, if we make a more detailed analysis, we will see some different scenery. First of all, the year-on-year growth rate of the original premium income of life insurance companies in March has turned from negative to positive. The original premium income of life insurance companies in March was 323.685 billion yuan, up 8.53% year-on-year, while the same data in February decreased by 265.438+0.03% year-on-year, and the situation improved.

Secondly, due to the continuous structural adjustment of the industry in recent years, the proportion of future premiums has been increasing, and a large number of stock businesses have begun to contribute long-term and stable premium income to the industry. Taking China Life Insurance, China Pacific Insurance, China Ping An and Xinhua Life Insurance as examples, the first quarter renewal premium income increased by 39. 1%, 55.9%, 60.7% and 35.7% respectively.

Third, the health insurance business also grew rapidly in March, with a year-on-year increase of 29.4%. Industry analysts believe that the new business value of health insurance business is generally high, and the substantial increase in health insurance premium income will help to enhance the new business value of insurance companies.

It should be noted that although the sales data of the insurance industry in the first quarter is flat, the prospects of the insurance industry are still good. From relaxing the restrictions on the ratio of foreign shares in the industry to the pilot of the tax deferred pension insurance policy, a series of policy dividends are gradually being released, which will be a long-term positive for the insurance industry.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.