Watch 1
Financial insurance suddenly braked
Some companies seize the market through universal insurance with short term and high income, while the asset side concentrates on investing in assets with poor liquidity such as equity and real estate for "short money and long allocation", which leads to maturity mismatch and liquidity risk can be imagined.
In 20 16, the China insurance regulatory commission successively issued a series of policies to supervise universal insurance. In March, a notice was issued to restrict the sales of short-term universal insurance from the sales side, and in September, the new regulatory regulations were clearly refined from product design and independent accounts on the investment side. In 20 16, the regulatory authorities spared no effort to tighten the supervision of short-term universal insurance. At the beginning of the second quarter of last year, industry players started to adjust the premium structure, and the overall universal insurance in the industry cooled down. The growth rate of universal insurance in most companies slowed down, and the settlement interest rate of universal insurance continued to fall. It is predicted that in 20 17, the pricing interest rate and debt cost of universal insurance will further fall, the phenomenon of aggressive pricing and high settlement interest rate of products will be obviously curbed, and the business structure will be gradually optimized.
Aspect 2
Health insurance will explode.
Since 20 13, relevant departments have successively issued Opinions of the State Council on Promoting the Development of Health Service Industry, Opinions of the State Council on Accelerating the Development of Modern Insurance Service Industry and Opinions on Accelerating the Development of Commercial Health Insurance. All these put forward clear requirements and directions for the development of health insurance, especially in the connection between commercial health insurance and basic medical insurance, and in-depth cooperation with hospitals, which has broad prospects in the future.
The data shows that commercial health insurance has also achieved a high growth rate. Last year, from 1 to1,the original insurance premium income of health insurance business was 38410.80 billion yuan, up 73.08% year-on-year, accounting for 18.2 1% of the original insurance premium income of life insurance business for one year. According to the research report of Ping An Securities, the compound growth rate of health insurance premium income in China was as high as 1 18.4% during the decade of 2006-20 15. If calculated according to the development target of insurance density set by the new "National Ten Articles", the scale of health insurance in China will reach10.5 trillion yuan in 2020.
Aspect 3
Putting cards is more rational
With the intensification of insurance placards, the China Insurance Regulatory Commission (CIRC) stepped up its supervision, explicitly took necessary measures for aggressive equity investment, and did not support large-scale short-term frequent stock speculation by insurance funds. In the future, it is expected that under the background of low interest rate and shortage of high-quality assets, insurance placards will continue, but radical insurance placards will be curbed and insurance placards will be more standardized. Equity investment should be based on financial investment, supplemented by strategic investment, and a small amount of strategic investment should be based on equity participation.
The data also shows that since the fourth quarter of 20 16, insurance funds have once again stood on the cusp, but compared with 20 15, the overall brand scale of insurance funds has shrunk a lot. According to incomplete statistics, 20 15 has more than 60 placards, and at least 30 listed companies have been placarded by insurance funds. By the end of 20 16, 1 1, there were less than 10 listed companies with insurance funds, and most of them were concentrated in the second half of the year.
Aspect 4
License plate competition cooling
Insurance licenses continue to be hot, attracting capital from all walks of life. At present, there are still about 200 companies waiting in line for new licenses. However, as the China Insurance Regulatory Commission continues to raise the entry threshold for shareholders, the phenomenon of 20 17 will cool down.
Recently, the China Insurance Regulatory Commission (CIRC) solicited opinions from the outside world to further tighten the access standards for shareholders. This exposure draft provides detailed regulations on the nature, transfer, investment and proportion of the equity of insurance companies. The equity of insurance companies tends to be more dispersed, and the transfer of foreign shares or foreign capital is strictly restricted. Insurance companies with the purpose of investment will gradually be forced to transform or withdraw, return to the traditional insurance industry, and realize the purpose of "insurance surname protection".
Some institutions predict that the order of insurance companies approved by supervision in 20 17 is similar to that in 20 16: traditional life insurance and property insurance companies are approved according to the rhythm; Subdivided specialized insurance companies that meet the direction of supervision and advocacy and the development trend of the insurance industry have a high success rate.
Aspect 5
Insurance precision poverty alleviation
On the one hand, the CIRC is delineating four hard indicators for the examination and approval of insurance licenses, and on the other hand, it also points out a clear way for all the capital queuing for licenses. The CIRC clearly gives priority to supporting the establishment of property insurance companies and life insurance companies in the central and western provinces, supporting the establishment of professional insurance companies serving people's livelihood in poverty-stricken areas, launching mutual insurance pilots, and supporting enterprises in poverty-stricken areas to invest in the insurance industry.
The CIRC also indicated that it will support insurance companies in minority areas and insurance companies in poor areas to develop dual headquarters and carry out insurance business closely related to poverty alleviation.
In addition, insurance companies are encouraged to set up non-insurance subsidiaries in poor areas to provide medical care, customer service support, automobile maintenance and other training; Encourage insurance institutions to call centers, backup centers and insurance professional intermediaries to move to poor areas.
Aspect 6
Accelerated promotion of electronic auto insurance
For the majority of car owners, after taking out compulsory insurance and commercial auto insurance for their cars, they will occasionally encounter problems such as the loss of paper insurance policies and the damage of compulsory insurance stickers. After two years of trial, from February 28th, 20 16, 16, compulsory insurance and commercial auto insurance electronic policies will be launched in Beijing, officially opening the paperless era of auto insurance policies, and electronic auto insurance policies will be promoted nationwide in 20 17.
At present, 40 insurance companies operating auto insurance business in Beijing will no longer uniformly print and distribute paper insurance policies and paper auto insurance signs when selling compulsory insurance and commercial auto insurance. The insurance company will send a short message to the consumer, and the consumer will click the link in the short message, or log in to the insurance company official website to inquire and download the insurance policy. At the same time, insurance companies in Beijing have launched electronic invoices for auto insurance consumers to choose from.