When this incident came out, it caused an "uproar" in the circle of friends. Many insurance salesmen began to forward this information crazily, aiming at causing consumers' panic, thus emphasizing the stability of their company's operation and not going bankrupt and disbanding.
In dealing with this incident, we must analyze it rationally and don't be used by a willing heart!
China has a relatively strict and sound regulatory system for insurance companies-"paying for the second generation", which requires insurance companies to meet three regulatory requirements: the core solvency adequacy ratio is not less than 50%, the comprehensive solvency adequacy ratio is not less than 100%, and the comprehensive risk rating is B and above, and all of them are solvency-qualified companies.
When insurance companies trigger the takeover conditions in the Insurance Law because of insufficient funds, cash flow and solvency, the CBRC will take over these insurance companies. However, Anbang triggered the takeover conditions in the insurance law because of the solvency problem, so the CBRC issued a notice to take over Anbang Insurance Group on February 20 18.
To solve this problem, we can look at how Articles 89 and 92 of the Insurance Law stipulate:
Article 89 An insurance company needs to be dissolved due to division or merger, or the shareholders' meeting or the shareholders' general meeting decides to dissolve, or the reasons for dissolution stipulated in the articles of association arise, and it shall be dissolved after being approved by the the State Council Insurance Regulatory Authority. An insurance company engaged in life insurance business shall not be dissolved except for division, merger or cancellation according to law.
Article 92 If an insurance company engaged in life insurance business is revoked or declared bankrupt according to law, its life insurance contract and liability reserve must be transferred to other insurance companies engaged in life insurance business; If the transfer agreement cannot be reached with other insurance companies, the insurance company operating life insurance business designated by the State Council Insurance Regulatory Authority shall accept the transfer.
Similarly, we can also find the answer on the official website homepage of Anbang Group:
From these two provisions of the Insurance Law and the announcements of insurance companies, it can be seen that all the insurance business before Anbang has been transferred to PICC with its various insurance companies. After the bankruptcy of Anbang Insurance, Renren Insurance will continue to perform its obligations under the original insurance contract, and the original policy contract will remain valid. For consumers, this is just another insurance company continuing to underwrite.
As an insurance company with assets of nearly 2 trillion, the third largest insurance giant in China and the top 500 in the world, how did Anbang come to an abrupt end from its heyday?
Interested friends, please read on:
The development history of Anbang Insurance Group is very smooth and mysterious.
Anbang insurance took the lead in obtaining a property insurance license. In 2004, the first Anbang Property Insurance Company was established, and the number of branches expanded to 22 in the following year, basically achieving nationwide coverage.
20 10, anbang life insurance was established. Since then, property insurance, health insurance and life insurance licenses have been collected one after another, which has the foundation for building a financial empire.
In 20 14, the registered capital of Anbang Insurance Group increased to 6 1 900 million yuan, surpassing China Life Insurance, PICC and China Ping An, and became the registered capitalNo.1.
In 20 17, Anbang Insurance Group was selected as a Fortune Global 500 enterprise, ranking 139.
The rapid capital increase of Anbang Insurance Group has attracted the attention of the regulatory authorities, with a capital increase of 123.8 times in ten years. Moreover, there are cases where affiliated enterprises invest in each other and are suspected of false capital increase.
In addition, the individual shareholders of Anbang did not really contribute 61900 million yuan, but controlled 49 companies with a registered capital of 2.4 billion yuan, which further incited the registered capital of Anbang to more than 60 billion yuan. The real capital ability is in doubt. However, its overseas insurance assets account for more than 60%, which is too large and is suspected of transferring assets.
2065438+On February 23, 2008, Wu Xiaohui, the former chairman and general manager of Anbang Insurance Group Co., Ltd. (Anbang Group), committed the crime of fund-raising fraud and embezzlement, and was prosecuted according to law.
At the same time, the China Insurance Regulatory Commission issued an announcement. In view of the fact that Anbang Group's business behavior violates the provisions of the Insurance Law and may seriously endanger the company's solvency, it is decided to take over Anbang Group for one year according to Article 144 of the Insurance Law.
20 19 On February 22nd, according to Article 146 of the Insurance Law, China Banking Regulatory Commission decided to extend the takeover period of Anbang Group for one year.
So, what happened in the past two years?
2065438+May 2009, the major shareholder of Anbang was changed to: China Insurance Protection Fund Co., Ltd. (holding 98.23%).
2065438+June 2009, Everyone Insurance Group was established.
2065438+July 2009, China Banking Regulatory Commission approved Renren Insurance Group to take over the shares of Anbang Life Insurance, Anbang Pension and Anbang Asset Management under Anbang Insurance in accordance with the law, and set up Renren Property Insurance.
In February 2020, China Banking Regulatory Commission announced that the newly established Renren Insurance Group, which was spun off from Anbang Insurance Group, had basically possessed normal operation capability, and the CBRC ended its takeover of Anbang Insurance Group according to law.
On September 4, 2020, the dissolved company was liquidated in time and withdrew from the historical stage.
First of all, it depends on whether the contract terms are clearly described.
If there is no objection to the terms, then this is the legal basis for the insured to ask the insurance company to pay the insurance money in the future. At all times, we must act in accordance with laws and contracts.
If you are in doubt about the terms, you should contact the insurance broker or insurance agent or directly communicate with the insurance company, and even ask the insurance company to comment or remark on the contract.
Secondly, it depends on the operation of the insurance company. The essence of insurance is protection, which requires insurance companies to operate steadily and not to go through ups and downs. If an insurance company developed too aggressively in the past, you should be extra careful when buying the products of this insurance company so as not to cause unnecessary trouble.
Finally, it depends on personal needs. Must be based on demand, don't think an insurance company's products are good, just buy them unscrupulously. First, the amount of personal risk insurance will increase, and some companies stipulate to provide insurance exceeding a certain amount to prevent the insured from adverse selection; The second is to increase unnecessary family financial expenditure. Although insurance can provide protection, only when there is a reason or time stipulated in the contract can you get the insurance money, and there is a certain upfront investment.
Only by staying away from the red line, keeping the bottom line and establishing a correct view of money and right and wrong can people and things have long-term development.