What are the highlights of self-protection

The highlight of self-insurance lies in saving the intermediate expenses of insurance sales, such as handling fees, reducing insurance costs and improving cash flow. It is called a self-operated insurance company, which is an insurance company owned or controlled by a non-insurance enterprise. Its main purpose is to provide insurance protection for certain risks of the parent company and its subsidiaries. Because the self-insurance company only provides risk protection for the parent company and its subsidiaries, it can save the intermediate expenses of insurance sales, such as handling fees, so as to reduce insurance costs, improve cash flow and have more funds to invest. Because of the understanding of the parent company's business, the product design will be more suitable for the company's needs and the price will be more suitable. In the first half of this year, the profits of unlisted property insurance companies decreased compared with previous years, but among them, the profits of self-insurance companies were larger. The data shows that PetroChina Exclusive Property Insurance Co., Ltd. (hereinafter referred to as PetroChina Exclusive), China Railway Property Insurance Self-insurance Co., Ltd. (hereinafter referred to as China Railway Self-insurance) and COSCO Shipping Property Insurance Self-insurance Co., Ltd. (hereinafter referred to as COSCO Shipping Self-insurance) realized net profits of 233 million yuan, 65.438+39 million yuan and 38.9 million yuan respectively, totaling 46.5438+06.5438+000 million yuan. Some scholars believe that more enterprises may join the self-insurance industry in the future due to the large development space of the industry. The concept of self-insurance company is not well known in China. Also called self-insurance company, it is an insurance company owned or controlled by non-insurance enterprises. Its main purpose is to provide insurance protection for certain risks of the parent company and its subsidiaries. The company's premium rate is low, and the premium income is kept by itself. At present, there are seven self-insurance companies approved to start business in China, namely PetroChina, Railway Self-insurance, COSCO Shipping Self-insurance, Guangdong Yuedian Property Insurance Self-insurance Co., Ltd., CNOOC Insurance Co., Ltd., China Guangdong Nuclear Insurance Co., Ltd. and Sinopec Insurance Co., Ltd. established in Hong Kong.