The insurance industry in China started late and developed rapidly recently, but the rapid development now sacrifices the accumulation of time. As everyone said, high-yield insurance policies, the launch of these products did quickly occupy the market, but it also brought a huge burden to the company. Foreign companies should be much more cautious in this respect, and it is impossible to sacrifice the long-term development of the company because of temporary interests. This is the gap between insurance companies in China-how to coordinate the contradiction between short-term interests and long-term development. Until now, there are still such problems.
Insurance companies of different natures have their own advantages:
Chinese-funded insurance companies are familiar with the national conditions, and all have profound historical and political backgrounds, and have some innate advantages in policy support;
Foreign insurance companies have advanced insurance concepts and management experience in the world, and their product research and development capabilities are relatively stronger;
Joint venture insurance companies are generally formed by large domestic enterprise groups and internationally renowned insurance companies, which may combine the advantages of both parties to some extent.
When choosing an insurance company, we should not only consider the nature of the company, but also comprehensively consider the image, popularity, strength and service level of the insurance company, so as to choose a satisfactory insurance company.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.