In fact, in addition to well-known insurance companies such as Pacific, China Life Insurance and China Ping An, many domestic insurance companies are low-key and powerful.
Let's see today, which insurance companies are doing well ~
Generally speaking, we judge whether an insurance company is strong or not. There are three main indicators: comprehensive risk rating, ranking of the world's top 500 companies, and soft power of insurance companies (insurance service quality, claims data, and complaint volume).
Excellent insurance company index 1: comprehensive risk rating
Simply put, the comprehensive risk rating can help us to judge whether the insurance company has risks and whether it has enough strength to lose money.
Comprehensive risk rating refers to the evaluation of the comprehensive risk of solvency of insurance companies by regulatory agencies, which is used to measure the overall solvency risk of insurance companies.
According to the Regulations on the Management of the Solvency of Insurance Companies, which came into effect in March, 20021,an insurance company needs to meet the following three regulatory requirements at the same time:
According to the comprehensive risk rating, insurance companies are divided into four grades: A, B, C and D, with A being the best and D being the worst.
Generally speaking, the solvency of insurance companies with a comprehensive risk rating of B and above is up to standard.
Let's take a look at the ratings of insurance companies as of the first quarter of 2023.
Grade A: (only part listed)
China Life Insurance, Pacific Life Insurance, Taiping Life Insurance, Xinhua Life Insurance and AIA Life Insurance.
Grade b: (only part listed)
China Ping An Life Insurance Company of China, PICC Life Insurance, Sunshine Life Insurance, Centennial Life Insurance and Happy Life Insurance.
Grade c: (only part listed)
Union Life Insurance, Xintai Life Insurance, Qianhai Life Insurance, Shanghai Life Insurance and Zhujiang Life Insurance.
Grade d:
no
If a friend just bought a product from an insurance company, and the comprehensive risk rating is C, don't worry. Because the comprehensive risk rating is a dynamic indicator, it will change every quarter according to the operating conditions of insurance companies.
Even if it is rated as C or D, the insurance company will try its best to improve it by increasing capital.
If the solvency of the insurance company fails to meet the standard for a long time and the problem cannot be effectively solved, the CBRC will take corresponding measures to require the insurance company to carry out rectification and hold the relevant responsible persons accountable.
There are regulatory agencies at the bottom, and the probability of bankruptcy of insurance companies is very small. If we go bankrupt, our insurance policy will be transferred to the next company. If something goes wrong, we won't lose a penny.
Everyone can put their hearts back in their stomachs ~
Excellent Insurance Company Index 2: Top 500 in the World
In 20021Top 500 list, there are eight insurance companies in China, which also means that the comprehensive strength of insurance companies should not be underestimated.
In addition to hard indicators such as comprehensive risk rating and ranking in the world's top 500, consumers are actually more concerned about insurance companies' services, claims and complaints.
Excellent insurance company index 3:
Insurance quality index, claims service, complaint volume
Insurance quality index can help us to see the convenience, continuous improvement and customer recognition of insurance company services.
According to the 202/kloc-0 insurance service quality index for the first half of the year released by BOC insurance information technology management co., ltd. (hereinafter referred to as "Yin Baoxin"), the top ten insurance companies are:
Pacific Life (94.75), Taiping Life (93.9), Zhujiang Life (93.27), China Ping An Life Insurance Company of China (93.04), Taikang Life (9 1.2), China Life (9 1.06), AIA Life (9/kloc-.
The top ten are: Haibao Life Insurance (52.92), China Merchants Cigna (62.28), Three Gorges Life Insurance (64.67), Happiness Life Insurance (67. 19), Hongkang Life Insurance (67.34), Hua Hui Life Insurance (68.66) and Dehua Angu (69.44).
After the insurance service, let's take a look at the claims service. Whether the insurance company's claims service is good or not depends on the insurance company's annual claims report.
The point is here. Claims mainly rely on two data:
As long as the insurance company is complained, the CBRC will record it. There are also many dimensions to judge complaints, such as the number of complaints from 10,000 insurance policies, the number of complaints from 100 million premiums, and the amount of completion.
According to the insurance company's hard power indicators (such as risk rating, ranking in the world's top 500), soft power indicators (such as insurance service quality index, claims data, complaints) and other assessment indicators, the top ten insurance companies are selected from the most well-known big-name/online celebrity life insurance companies:
As mentioned earlier, the comprehensive risk rating and the ranking of the world's top 500 companies are dynamic, so the ranking is only the staged performance of insurance companies.
We will also answer common questions people encounter when buying insurance.
1. Buy insurance, see products or choose companies?
Buying insurance is like buying clothes. What suits you is the best.
Moreover, the establishment of insurance companies is very strict, which not only requires high capital, solvency and employees, but also is constrained by the regulatory authorities and is not as easy to close down as we thought.
To say the least, even if the insurance company goes bankrupt, the CBRC will arrange for other insurance companies to take over, and our policy is still effective and unaffected. There is a regulatory department at the bottom, so don't worry at all.
2. Is it reliable to buy insurance online?
When buying insurance online, people are most worried about two issues:
First of all, the products we can see in the market are not allowed to go on sale before the CBRC formally approves them. Online purchase and offline purchase through agents are essentially the same.
Generally speaking, however, the insurance of large offline companies is generally more expensive than online products, because the operating costs and advertising costs are higher. Internet products are relatively cheap.
Moreover, in view of the concern about whether the online insurance service is guaranteed, the new Internet regulations issued by 202 1 also
There are detailed regulations, such as:
In the future, everyone will buy insurance online, and there will be no need to worry about problems such as no response and untimely claims. It will be more convenient and better to buy insurance online than offline in the future.
I'm Cun Zhenbao,
An insurance expert who has been engaged in the insurance industry for 6 years!
7 million users trust and focus on insurance assessment, popular science social security and commercial insurance knowledge!
Related Q&A: The top ten auto insurance companies in China 10: China Ping An, China Life Insurance, Taiping Life Insurance, Taikang Life Insurance, Huaxia Insurance, AIA Insurance, Xinhua Life Insurance, Life Life Insurance, Sunshine Insurance and Anbang Insurance. 1. The top ten ranking of China auto insurance companies: 1, and Ping An of China: it is the most comprehensive insurance company; 2. China Life Insurance: It is one of the largest institutional investors in China's capital market and a Fortune 500 company; 3. Taiping Life Insurance: a national joint-stock commercial insurance company approved by the People's Bank of China; 4. Taikang Life Insurance: There are no bad debts since its establishment, and it was ranked among the "Top 500 Chinese Enterprises" in 10; 5. Huaxia Insurance: There are more than 470 branches in China and two "Huaxia Charity Funds" have been established; 6. AIA: It is a wholly-owned subsidiary of American International Group; 7. Xinhua Life Insurance: Life insurance is the main business; 8. Sino Life: One of the life insurance companies with the strongest capital strength in China; 9. Sunshine Insurance: It is a professional life insurance company; 10, Anbang Insurance: One of the most comprehensive insurance companies. Second, the basis for the ranking of insurance companies Generally speaking, looking at insurance companies depends on two aspects: income and solvency. Income represents how much money the company has earned, and whether it will continue will affect the renewal of insurance. Solvency represents whether the company can guarantee claims and affects whether consumers can be guaranteed. According to the official data and the information of famous websites, we can get the following results: (1) According to the income ranking, China Life Insurance, China Life Insurance Ping An Life Insurance Company and Pacific Life Insurance have higher incomes. The three are also well-known insurance companies in China, with good brand strength and reputation, which is indeed the first choice for more consumers. (2) Solvency ranking Behind every insurance company, there is strict supervision by regulatory agencies such as the China Banking Regulatory Commission. Solvency mainly depends on these three indicators: core solvency adequacy ratio, comprehensive solvency adequacy ratio and comprehensive risk rating. The calculation of comprehensive solvency adequacy ratio, core solvency adequacy ratio and the specific standards and procedures of comprehensive risk rating are all based on the solvency supervision rules of insurance companies, so insurance companies have a set of calculation standards for core solvency and comprehensive solvency, which need to be strictly observed and implemented.