(1) Different registered capital:
The Measures for the Administration of Capital Margin of Insurance Companies requires that 20% of the registered capital be set aside as the margin of insurance companies to cope with the operational risks of insurance companies. So it must be that the more registered capital, the bigger the insurance company. The registered capital of China Ping An Life Insurance Company of China Insurance Company is 33.8 billion yuan and Anbang Life Insurance Company is 30.79 billion yuan.
(2) The new premium scale of insurance companies is different:
The CIRC will update the statistics of the new premium scale of insurance companies every month, and the new premium ranking of insurance companies will still change at different stages. But buying insurance products can't be considered only from the size of the company. Although large insurance companies give people a sense of reliability, small insurance companies are also very reliable.
(3) Different products and services:
Compared with small insurance companies, the scale of big insurance companies is very different. Among the top 15 insurance companies in China, the premium income of China Life Insurance ranked first is more than 20 times that of China Insurance ranked 15. Of course, the bigger the insurance company, the stronger its strength, the richer its insurance products and the more choices it has.
Baidu Encyclopedia-Measures for the Administration of Capital Margin of Insurance Companies
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