Drunk driving into torture or into insurance enterprises exemption pursuant

Economic review reporter Yu Chuan of the amendment to the criminal law on "drunk driving into criminal" provisions, upgrading the legal nature of drunk driving as criminal acts, and greatly enhanced its penalties. The industry believes that, "drunk driving into torture" help reduce strong insurance payment rate, easing current strong insurance industry crisis situation. However, on the other hand, the insurance company will not pay for the insured's own crimes, "drunk driving into torture" was identified as the deliberate manufacturing of insurance accident after Act explicitly does not cover the responsibility of insurance companies. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture reduce cross strong insurance lost pay rate "currently domestic of commercial car insurance on drunk driving are is from responsibility of, but cross strong insurance can in responsibility range within for part compensation. The Pacific "(601,099, unit) vehicle insurance, property insurance Shandong branch General Manager Chen Jieming 18th economic Herald journalist said in an interview. The 22nd motor vehicle road accident responsibility compulsory insurance Ordinance provides that drunk driving case "insurers in motor vehicle road accident responsibility compulsory insurance advance rescue expenses within the limits of liability, harm caused by and shall be entitled to recovery", but for causing property losses of victims, the insurance company does not assume liability. The drunk driving case, strong insurance only responsibility for third-party emergency costs of disbursements, other losses does not assume liability, currently mandatory limits of liability insurance is $ 122,000, of which medical expenses compensation limit of only 10,000 yuan. "' Drunk driving into criminal ', penalties for drunk driving behavior greatly enhanced, driving people to drink driving is considered more, which reduce the rate of strong insurance for payment has a great help. "Chen Jieming said. A long time, the strong insurance claim rates are high, even brought a strong insurance industry crisis. Relevant statistics show, 2009 business in strong insurance 30 insurance companies, 23 companies losses insured industry overall losses of up to $ 5.3 billion, after deduction of investment income of $ 2.4 billion, the actual operating loss amounted to $ 2.9 billion. Strong risk embarrassing situation currently facing is: high payment rate on the one hand, and on the insured rate is too low and cause the risk cannot be assessed. According to statistics released by China insurance industry association, 2009 strong motor vehicle insurance underwriting a total 85.02 million vehicles, insurance rate of 46%. Herald reporter learned that, since the March 1 last year, Ministry of public security and insurance requirements gradually alcohol driving offences and stronger insurance rates contact floating system, drunk driving strong floats on the insurance premium rate up to 60%. "Drunk driving into torture" upgrading the legal nature of drunk driving as criminal acts, Chen Jieming told the Herald reporter, "insurance products will not provide insurance protection for their crime of the insured risk. "Disclaimer well according to the China life insurance customer service Department of Shandong province branch General Manager Li Yajun told the Herald reporter, according to the exclusion of liability clause, in the case of drinking and drunk driving people caused the third-party personal, property and vehicle losses, the current domestic commercial insurance shall not bear liability. Herald reporter learned that, while drunk driving is one of the business of insurance exemption of liability clauses, but in judicial practice, the courts tend to business risks "exemption clause is not valid" to judgment against the insurance company. Last June, the country's first case "sentenced the drunk driving accident insurance claims" Economic Court and Jinan City intermediate people's Court judgment at the Hai Nan Shi Huai cases insurance companies cannot escape a drunk driving accident. Jinan Huai is maintained in the courts of first instance, a decree of insurance companies to pay victims compensation of $ 58,000, this goes beyond the strong risk should bear the responsibility, although insurance companies just "compensation", you can also continue recourse to drunk driving drivers according to the law. Ping an property Shandong branch in charge of Justice Liu Yan-Qing believed that this amendment to the criminal law (VIII) relating to "drunk driving into criminal" provisions for exemption from liability in some cases insurance companies to provide a more adequate basis. Liu Yanqing pointed out that, under criminal law amendment (eight) under and the judicial explained of provisions: drunk driving is not caused damage consequences or damage consequences more light, by dangerous driving crime penalized as; if occurs serious damage consequences, may while constitute dangerous driving crime, and traffic accident crime or to dangerous method harm public security crime, optional a heavy Department; if behavior people drunk Hou and has Chase competition drove, and no card driving or driving does not qualified vehicles, behavior, caused traffic accident of, may was finds for to dangerous method harm public security crime, from insurance contract angle,, this is deliberately manufacturing insurance accident. Under the Insurance Act, the 27th 2nd paragraph: "the applicant, the insured's intentional manufacture of insurance accident, the insurer has the right to rescind the contract, does not assume responsibility for compensation or pay insurance benefits. "Li Yajun told the Herald reporter, if you reach the" drunk driving into torture ", pursuant to exemption clauses" in the use of motor vehicles to be insured in illegal activities "can be refused for payment.

Disaster lo40 last year of over 500 billion catastrophe insurance lack a large payment

May 19 at the Chinese insurance Association 2011 annual meeting, published "2011 China risk management" (hereinafter the "report"), as natural risks is on the rise, natural disaster insurance penetration is still low in China. Indicated in the protection of property in 2010 domestic frequent major natural disasters and extreme weather events, disaster death missing 7,844 people, 533.99 billion yuan in direct economic losses, nearly 20 years after the 2008 year of the second year of disaster. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture insurance regulatory Commission President Wu dingfu in report preface in the pointed out that, to highlight focus, speed up giant disaster insurance system of research developed. Global loss of US $ 150 billion according to 2010 there were 960 natural disasters in the world-much higher than the average level in the past 10 years, was the second much disaster in 1980, the year after the 2007 year. 2010 total of 295,000 people died in natural disasters, over US $ 150 billion in direct economic losses, loss of US $ 37 billion of insurance, which insurance losses in Asia in the world is relatively small, only higher than Africa. This is not a good message, means that you can only rely on the Government's fiscal spending, insurance and disaster reduction is far from enough. These reports indicate that in recent years, disaster insurance there are some noteworthy trends in rich, economically developed European countries, insurance claims tend to be more fully functional, risk diversification, the role of transfer losses can often achieve above 60%, greatly reduce the financial burden on States, in developing countries, the State financial or fundraising still had to act as a pay a major role. For example, the United States May 2010 severe storms caused $ 2.5 billion loss, insurance paid $ 1.75 billion, takes on 70% loss of occurred on September 4, 2010, New Zealand seismic economic loss of us $ 3.7 billion, including indemnification completes US $ 3.3 billion, takes on 89.19% loss. However, the January 2010 Haiti earthquake economic loss of $ 8 billion, insurance losses only $ 200 million, only 2.5% of property compensation functions. Many major natural disasters in China in the accident, insurance compensation function is also very weak. For example, a catastrophic earthquake 2008 Wenchuan earthquake in China has caused direct economic losses of more than $ 800 billion, more than 80,000 people were killed and missing persons, total insurance for payment is only $ 1.66 billion. As of April 14, 2010 yushu earthquake in Qinghai province, the earthquake and the earthquake in Haiti, Chile earthquake, floods in Pakistan, Russia heat waves will be set by the United Nations together as one of the five largest disaster in 2010. Eventually only Chile earthquake won higher pay. It is clear that relying on State or private donations is not a long-term answer, especially when more and more of a natural disaster. Munich Re in the detailed analysis of the 2010 global natural disaster analysis pointed out that Asia is already one of the world's largest natural disaster areas, its insurance losses small, mainly because of the insurance penetration rate is not high. Munich Re report shows that in the past 30 years, is the fastest growing areas of natural disasters in Asia and Oceania, followed by North America. 2010 year of natural disasters on a global scale distribution and as in previous years, most of the disasters in the Americas (365) and Asia (310), 120 cases of disasters in Europe, 90 cases in Africa, 65 cases occur in oceanic continent. In addition, this is the level of economic development there is a certain relationship. Assistant to the President of the China insurance regulatory Commission Chen believes that, by contrast, absolute value larger economic loss in developed countries, higher insurance losses, while in developing countries, large economic losses relative to the total national economic value, due to the disaster death toll missing more, smaller insurance losses. From the start with agricultural catastrophe catastrophic risk mechanism was once again on the agenda. On that day, Wu dingfu noted in the foreword of the report, we must focus, speed up research into developing catastrophe insurance system. In his view, the past, traditional commercial insurance often focused on decentralization and transfer of risk, greater emphasis on compensation function, in terms of disaster loss prevention do not enough. The next step, to establish a comprehensive, proactive, long-term risk management models, from "loss mitigation" to "disaster risk reduction" changes. On May 11, national integrated research on disaster prevention and reduction strategy has been started. A long-term participation in the study on catastrophe insurance industry told reporters that the study on catastrophe insurance mechanisms has been going on for three years, as crucial to agriculture, catastrophe insurance would first start with the catastrophe mechanism in agricultural insurance. Disaster preparedness and planted, protection of property called for establishment of earthquake insurance system as soon as possible. PICC property analysis, compensation after the earthquake disaster in China long term subsidized and private donations, earthquake insurance system in China is still blank. From the perspective of international experience, the earthquake insurance system is a more effective system of earthquake disaster loss compensation. Munich Re believes that, relative to other risks, natural catastrophe has its own characteristics, that doesn't happen often, but can bring huge losses. Insurance catastrophe and should be distinguished from other disaster types, scientific standing catastrophe rates. Insurance history in China soon, insurance penetration rate is not high, accumulating losses of data history is very short, catastrophe risk management must not be completely built on the historical experience of the past. However, against catastrophe risks, in addition to insurance, clearly needs other solutions. Munich Re statistics show 2010 nine-tenths weather-related natural catastrophe, such as storms and floods, temperature observed in nearly all ocean areas are on the rise, this long-term trend cannot be explained by natural climate oscillation alone. PICC property believes that, as one of the most severely affected by natural disasters in the world, China should strengthen risk management education, build domestic and international disaster communication platform, using foreign experience in disaster prevention and mitigation, and technology and to strengthen international cooperation and coordination to reduce environmental damage.

Three types of life insurance shall be reported to the China insurance regulatory Co30i36ion approval

Reporter Ding Bing of China insurance regulatory Commission 19th measures for administration of the personal insurance company insurance clauses and insurance rates (exposure draft) (hereinafter referred to as the way). The approach provides that insurance companies should be fair and reasonable to develop life insurance clauses and premium rates, the corporation responsible for the insurance clauses and insurance rates insurance regulatory Commission for approval or for the record. Where "Department of social insurance coverage in the public interest", "types of compulsory insurance by law" and "China insurance regulatory Commission provisions such as the development of new life insurance-insurance of" insurance terms and rates of the three types of life insurance should be submitted to the China insurance regulatory Commission for approval before use. Beyond that, the other line only shall be submitted to the China insurance regulatory Commission records. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture approach under provisions, insurance company to insurance regulatory Commission submissions insurance terms and premium rate record Shi, should submitted life insurance terms and premium rate record submissions material list table under, and insurance terms, and insurance rates table, and this company total fine is Division signed of related fine is report, and this company total fine is Division statement book, and this company legal responsibility people statement book and the insurance regulatory Commission provisions of other material. Except above material outside, for dividends insurance, and investment links insurance and universal insurance, approach under also requirements insurance company submitted financial management approach, and business management approach, and information disclosure management system and products manual presentation, which dividends insurance also should submitted dividend calculation and distribution approach, and income distribution and costs sharing principles, investment links insurance and universal insurance is be submitted including sales channel, and sales regional management approach, content of sales management approach. Concern is that the way insurance companies did not apply for approval in accordance with the provisions of the insurance clauses and insurance rates provides the appropriate liability in the case, that is, "the China insurance regulatory Commission ordered corrections, $ 300,000 of at least $ 50,000 of the fine is serious, you can limit the scope of its business, ordered to stop accepting new business or revoked business license. "The feedback deadline on June 6, 2011.

Revealing the insurance fund investment path in the first quarter insurance circles Wang yawei surface

Before the crash, they escape top; before rising, they quietly ambush. Insurance capital's every move, the slightest facial expression has become the market important factor in determining capital market orientation and the market stage. However, the different characteristics and investment demands for funds, insurance companies ' investment sector has always been low-key than funds, brokerage: investment perspectives evaded, no investment reports, rejection of all foreign propaganda. Recommended reading insurance weekly: variable annuity pilot started five first elected to the insurance enterprises in violation of Beijing-Shanghai promotions fined 500,000 insurance circles "Wang yawei" surfaced exaggerating the gains did not mention the risk of banking and insurance disputes should continuously give families "pillar" feet on joint insurance regardless of non-indemnity insurance is zehui Shi Qiming immortal disc to create the superior talks low profile does not represent the omission. In the market since the beginning of this year, most of the insurance institutions clearly stepped right in blue-chips as the core of market hotspots, as well as opportunities to capture a restructuring unit, a theme unit. It can be said that in, risk capital funds, private equity, brokerage for representative bodies in the first quarter of confrontation, risk capital beat over and over again. In addition to risk prevention, the pursuit of stability-oriented and must give the applicant, the investors return on investment, that investment demand determines the general direction of investment of insurance funds is bound to be "at the same time blue-chip, charge hot spots". Market is more concerned, in this cross behind the investment policy, risk capital and how different funds, brokerages, among others, has investment tactics? This through the Agency of market research, one of the auxiliary quarter insurance capital stocks data, to help readers resolve moving missile Ghost on insurance companies in stock market investment. ⊙ Reporter Mr. Yu Yong Zhao Ling 0 edit 1 "green effect": short suddenly seen since April, reproduced in the a-share volatility, investors could not help heart health concerns: are insurance agency in "actions"? Investors are so sensitive, precisely because of nearly two years of insurance institutions "magic" operation was shudder at. Impress investors is that the insurance agency has fired more than once "short" the first shot. Especially the ping (601,318, unit), whether internal or external, throughout the 2010 advocacy of investment the main tone is "empty". Ping an of China investment "the fortress" even bitter sigh, says 2010 year of the capital markets, even more difficult than 2008. It was described by the part of investors as "2010 air force, the first" ping an of China, but in the first quarter of 2011 to a 180-degree reversal. Ping an of China Deputy Chief Investment Officer Chen Dexian, in Barclays, Sun Hung Kai, the Peregrine, Standard Chartered investment has as fund managers, investment Director and other key investment experts, this newspaper interview at the end of March that "jiancang opportunity has now". Is confirmed by Ping high level message displayed when, in March after the Spring Festival, bottom-ping started brewing plans appear purchase Fund. Number of funds in March the company received from ping an of China pay instructions, type categories involving equity, index and currency. Rough estimates, purchase the number of funds has reached billions of dollars. Ping action seems to have a strong model, many organizations have selected their fall into the same. Data show that after the Spring Festival this year, Shanghai Stock Exchange ETF particularly 50ETF are still dominated by net redemption, but into the second week of March, vane are treated as institutions of SSE 50ETF net purchase of larger size, reaching 194 million, corresponding to the net purchase capital has reached about $ 400 million. SSE 180ETF the same period there have been a larger net purchase, the corresponding net purchase funds have reached about $ 200 million. Situation resembling. In March, some insurance companies and insurance asset management companies to participate in a meeting of the industry, Exchange officials from more than half of the participating insurance agencies that are in that period of time and storage, and that the capital market to 2011 than in 2010 year well done. One reporter xiangshu said privately owned insurance companies in charge of, division multiplexing of fellow soldiers went to listed companies in the sector, field research busy. Risk capital suddenly seen the logic is that markets characterized by the coexistence of risks and opportunities of the year, but opportunities still outweigh the risks, grasp the opportunities in the fluctuations. "Market share undervalued, CSI 300 PE of low level. Although the market soaring conditions are not met, but index hit space is limited, for institutional investors such as insurance funds, and have to can sell to buy range. "And they put this mood continued to the second quarter. According to journalist survey, although nearly a month since a shares hit back, but insurance agency and not as massive as the Fund collective jiancang, still maintained a neutral position on level. In early May, said Chen Dexian in media access, from the current situation, when he maintained late last year and early this year that the 2011 there will be more opportunities, including the stock and bond markets this opportunity in two parts. "In the present case, does there exist many different views on the market. For example, the policy is to continue to tighten, or will it be relaxed; is growth, also is to control inflation, and so on, and we have to consider is that the assets themselves is not attractive. "And when reporters asked a recent positions when there is no change in insurance companies in Beijing, head of investment Department of the company sent a text message reply to a simple, direct--" not! "Even just this week, the reporter was informed that, a Chinese-funded insurance companies have in recent days concentrated purchase index type, partial stock funds, bargain buying at the intention obvious. 2 battle of blue-chips: renqiwoqu of China insurance regulatory Commission quarterly insurance fund data, often by the media or investment banks for "zoom in". According to data from the China insurance regulatory Commission, a quarter of this year, insurance funds investment yields an average of 1.07% and according to the Investment Bank, is likewise a quarter, offering funds, private equity, securities finance average yields of the collection are:-,-3%,-0.47%. Media conclusions from this comparison is: risk capital significantly outperform. Such a conclusion in the eyes of professionals, are not professional and reasonable. Because insurance funds investment yields not only contain rights type of investment funds, stock, also includes the agreement deposit, bonds and other fixed income investments. Thus, strictly speaking, risk capital funds, brokerages and investment income rate comparison of rate of return on investments for itself is not comparable.In fact, judging from the position structure and warehouse stocks, risk capital in the first quarter performance is indeed remarkable. Insurance company stock configuration as a result of a disclosure of the quarterly report of listed companies ' Iceman ' to emerge. In the first quarter of this year, insurance agencies clear tap a market based on the blue-chip hotspot. According to statistics, insurance institutions this year a quarter total stationed in 553 home company of ten circulation shareholders sequence, and in accordance with the holding market arranged, insurance funded concentrated holds of Qian six large heavy warehouse unit respectively for industrial and commercial bank of (601,398, unit 's), and CITIC Securities (600,030, unit 's), and ABC (601,288, unit 's), and livelihood Bank (600,016, unit 's), and construction Bank (601,939, unit 's) and large Qin Railway (601,006, unit 's). Among them, the industrial and commercial bank, agricultural Bank, construction Bank of China is being risk capital to increase its stake in the first quarter (including new) maximum number of units of a unit, three in the first quarter of this year was dangerous Chinese overweight 1.51 billion shares, respectively 990 million, 950 million units. "We are optimistic about bank stocks, mainly Bank high dividend ratio, valuations are very low, investment value is much higher than bank deposit receipts. "An insurance asset management companies to journalists explain why the configure Bank unit, banking sector valuations low, growth strong and accessible. Favor valuations low, increased performance and stability of the banking stocks and insurance companies has always been refracted sound aggressive investment style. Looking back at the Fund group, in the midst of the battle of blue-chip, but contrary to the risk capital. Similarly to the above three banks, for example, according to the media and statistics, the three banks in the aggregate in the first quarter of this year was nearly 2.4 billion shares, funds to reduce, and the China Construction Bank and agricultural Bank of China as being in the first quarter of this year funds groups to reduce the maximum number of units. In addition, more important is that the related statistics from the current published notice of 2011 reported half year results, was funded by insurance in the warehouse stock nearly 70% in Saint Angelo. Research team, rich market that also has independent investment experience, keen sense of smell, and duel in the first quarter of the funds, risk capital to "renqiwoqu" strategy of low-key WINS. But behind the winner, reflected is the different between other institutions such as risk capital and fund investment demand. "Characteristics of insurance funds and other funds are not the same, thus manual there is a very big difference. Different from the Fund, because insurance funds to pursue absolute returns, requiring revenue exceeds the cost of capital. For example, liability insurance funding duration longer, as long as they can in the next 2-3 years, or longer periods of time, income can reach a certain level, then risk capital have reasons to invest in these species. "An insurance asset management company executives say. "Insurance practices is not necessarily appropriate for the Fund of funds, and vice versa. "A quarter insurance funded holdings number Qian three bit a unit stock number industrial and commercial bank of 1.51 billion unit ABC 990 million unit construction Bank 950 million unit 2011 years a quarter insurance company holding industry statistics SFC industry this period holding (million unit) changes Shang period holding (million unit) mining industry 41686.107393.8234292.28 spread and culture industry 5319.46241.675077.79 power, and gas and the water of production and supply industry 30047.3812625.8917421.48 electronic 12112.819634.242478.57 real estate industry 48374.1316962.1931411.94 textile, and clothing, and fur 13207.717722.425485.29 machinery, and device, and instrument 64078.8831675.1532403.73 construction 91087.047276.0483811.01 traffic transport, and warehousing industry 93395.2828989.6764405.60 financial, and insurance 3049367.44345330.032704037.42 metal, and non-metallic 45217.5414946.0830271.46 wood, and furniture 611.36611.360.00 agricultural, and forest, and Shepherd, and fisheries 18069.915731.9512337.96 wholesale and retail trade 30520.767619.5022901.26 other manufacturing 2540.171525.261014.91 social services 10539.74911.599628.15 oil, and chemical, and plastic, and plastic 37653.1025551.5912101.51 food, and beverage 24554.8312016.3312538.50 information technology industry 36463.3218826.6217636.70 medicine, and biological products 35591.5811571.4024020.17 paper, and printing 8601.944480.264121.68 comprehensive class 17622.804455.0613167.75 statistics: this data information Department Gao Zhigang 3 proficient band operation although insurance funds as long-term investment," buy and holds "is its most main of operation way, but from currently market environment view, still exists must of uncertainty, -Band operations become the choice of insurance institutions. Especially on a number of small and medium-sized market capitalisation stocks, risk capital for this one thought is expressed most vividly. Then-band operation of the insurance funds and how do? According to industry sources, the insurance company's investment process is roughly: insurance companies under the investment decision and asset-liability matching two core Committee, every investment strategy set out a full year at the beginning, each portfolio (bonds, funds, shares, deposits, etc) set roughly the ratio of upper and lower limits. Most insurance companies have internal assessment standards to investment, such investment was mainly based on the rights and interests and CSI 300 index funds index. That is why China life insurance, ping an insurance giants such as preference shares Fund, especially the relatively higher risk ETF index funds. "For the insurance money, if you can do in a year is enough for two major decisions, the key to see the comparison. "The Department said a large insurance company investment, medium and long term bullish on economic recovery, but will soon be based on macroeconomic indicators, specifications,Dynamic adjustments to the portfolio. It is also known in the trade as "little tricks". It is understood that on the specific band operation, insurance agencies to buy constituent stocks of the SSE 50 index, after completed jiancang, then purchase index funds. Index funds must be passive into weight unit. At this point, formed on the market long on atmosphere, index begins upstream, participation of all investors start buying stocks long. As the market's gains, when the gain margin is expected to meet Agency, Insurance Agency began to gradually reduce its shares in the hands. Subsequently, they began massive funds. In large redemption pressure, was forced to sell shares of index funds. Redemption of shares coupled with large organizations is itself bearish signals, other investors follow one after another to sell and market began to decrease. Such as the market adjusted to a certain extent, mainly to insurance institutions of funds approach bottom-again, and starts the next round of actions. Media images of this mode of operation compared to "cut the leek"-band operation many times, its tie up the Fund, through the purchase, and withdrawal of funds, funds in the stock market was forced to follow on operations. "Insurance institutions were customers in the upper reaches of the Fund, if the direction of insurance funds and select the purchase or redemption of Fund, will move more market inflows or outflows. "Of course, not all insurance funds can be good at this, also see mistake. A large insurance company performance in the first quarter of this year really General, investment bank believe that the reason is that stock market rhythm plate configuration does not take, therefore not produce the desired return on investment. 4 player? Pushing hands? Killer? Insurance funds has become most be aware of a force in the domestic capital market, more and more investors are concerned about every move of insurance funds, with a view to regulating pace warehouse can step on living insurance funds to get bargain picking and Prophet of every high retreat. So, band master of the insurance funds are proactive, is also induced by the market going up or down pushing hands or killer? Insurance data show that by the end of March this year, China's insurance assets amounted to $ 5.4 trillion, and the interests of insurance funds investment positions up to 25%. This projection, including funds, and stock, insurance institutions of funds into the stock market has exceeded 1 trillion. First quarter of this year, insurance funds investing in stocks and funds of such positions than for 13.8%,13.8% for five or six levels of positions, it also means that risk capital funds there are billions of dollars to enter the market. Addition of hundreds of millions of readily available market funds, insurance funds is growing at an annual rate of 1 trillion yuan. Where half is in the hands of this several insurance giant China life insurance, ping an of China. In the view of the industry, several insurance giants like the stock market in the "Big Mac", the big money action itself can affect the stock market, and have the significance of market bellwether. Perhaps the long term, position of the insurance giant operation does not change the market trends, especially when rising trend established in the market, insurance organizations such as the band operation occurs, does not have a fundamental impact on the market, but in the market at a relatively high or low, when empty and deadlock, "Big Mac" influence is not the same. Especially when the market is in a critical stage, when sensitive point, insurance giant itself has "ammunition" with enough power, and their selection is often also has "a call center e" effect, can lead to institutional and retail interest on operations, forming a huge unit of force. Therefore, when more than empty Agglutination, investors must pay more attention, because insurance giant jiancang actions, often become a "down" signal; on the contrary, such as when we are pessimistic, once the entry of insurance funds, often is the positive signal of the bargain to pick up bargains. 5 looking for insurance of "Wang yawei" showman of the different fund managers, insurance companies most of the investment manager operating behind closed doors, not to mention they surfaced in the media. But there were still "good" media found that the insurance circle also has a "Wang yawei", or even younger, more mysterious, "he" in charge of the insurance product yields nothing lost to Wang yawei Chinese market. This mysterious "he", Taikang life, is in charge of the investment and continuous type insurance enterprise account PW. PW is said to a generation y young because of his high level of investment, are market participants known as "most cattle insurance capital trader", by his performance of the investment and continuous danger and aggressive type of account, not only of the investment and continuous insurance "ever-victorious General", even if the trial with the public placement Fund up to a T, known as insurance product "in the Chinese market," said. Words alone are no proof, the data is the hard truth. Have quoted a number of alleged that after Wang yawei since the end of 2005 as Chinese market fund managers, five-year rate for the coming year are:, 141.86%,-33.69%, and 23.21%, total yield of 1196.8%. And Taikang voted five years of continuous type insurance enterprise account yields in the coming year respectively, 109.55%,-23.67%, and 23.84%, total yield of 972.62%. Tai Hong investment, although even the insurance enterprise accounts over the past five years total yields less than the Chinese market, but the five-year yields more than three years in China market. Members of the Department of an insurance company investment analysis Taikang investment and even dangerous aggressive account long-term secrets of winning. First of all, the ratio of 60% per cent of accounts invested in stocks, and partial shares similar funds. Basic avoided blue chips on stock selection, favor and small-cap stocks, sought after subject unit and recombination unit. Radical style, timing accurate, easy to get the excess profits. If a quarter of the year, Taikang investment and even dangerous aggressive account reorganization of bargain buying stocks Shanghai Mei Lin (600,073, unit), new 1.76 million units in the unit. Second, fast forward faster, high not low greed, not to panic, is also a major feature of the account. According to statistical data, the account holding stocks of time rarely exceeds one year, and nearly two years to render Exchange frequency signs. 2010 stock market to complicated and difficult to do, for example, two consecutive quarters in this account appears in the top ten circulating stock shareholders of listed companies will be very rare. Quick operating frequency can be seen. More to the point is that small plates, closed operation is winning one of the reasons. Selling short in this account, and are usually limited (basically at around 200 million). Since then will be returned,Long years of closure, which to a certain extent, avoid the configuration of high inflow increased pressure. In addition, enclosed scale of operations is relatively fixed, facilitate investment manager operations, developing a long term investment strategy, more conducive to "long-distance" achieve better performance. The industry believes that, with the Chinese market "bottom up" stock selection strategies, for many years hidden themes of an outbreak of a unit waiting for market operation practices different, Taikang investment and even insurance is radical, progressive, enterprising account at band operation and small plates, and out of a more flexible, this makes it easier for investors to track references.

Tairenshou $ 450 million to subprime risk and enterprise focused blood

Chen Tianxiang insurance regulatory Commission published yesterday said, agreed to Nobuyasu life raises 10-year redeemable subordinated term debt, raise size of not more than 450 million Yuan raised within a period of 6 months. This is another insurance companies are allowed to issue subordinated debt in the near future. It is understood that raised funds by insurance enterprises in General to add company solvency. This is not difficult to see, to ease the pressure to pay, the insurance companies are through the collective in the form of subordinated debt issued "the blood". At the same time, also in response to a growing number of insurance companies for subprime debt this form of financing, China insurance regulatory Commission the day before yesterday (May 18), the insurance companies subordinated term debt management approach (draft for soliciting opinions) for comments. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture the sought views draft requirements, insurance company raised secondary debt by gets of funds, can meter into subsidiary capital, but shall not for cover insurance company daily operating loss; insurance company meter into subsidiary capital of secondary debt amount shall not over net assets of 50%; while provisions, insurance company pay ability adequate rate below 150% or is expected future two year pay ability adequate rate will below 150% of, party can application raised secondary debt. In addition, applications for insurance companies to raise subordinated debt, should also meet the opening for more than three years; the audited net asset no less than RMB 500 million Yuan at the end of the previous year; after the raise, the cumulative outstanding amount of the subordinated debt and interest group of not more than at the end of the previous year's audited net asset 50%; the last two years are not subject to major requirements of administrative punishment. And single times fine amount in 1.5 million Yuan RMB above (containing 1.5 million yuan) of; limit business range of; ordered stop accept new business a years above of; ordered ceased rectifying of; Center support company (containing Center support company) above level of branch institutions was revocation business license of; Chairman, and General Manager was revoked served qualification or prohibited entered market, situation of insurance company, is does not allows issued.

Exaggerated earnings did not mention the risk of banking and insurance disputes continue

Bank customers were originally to go to the bank deposit, how fog "was" buy insurance? Bank staff in the performance under pressure, frequent sales mislead banks and insurance companies "deposit policies" phenomenon is not uncommon. To address this situation, China insurance regulatory Commission and China Banking Regulatory Commission recently jointly issued the guidelines on the insurance business supervision of commercial banks, banking and insurance sales specifications. Changing faces deposit "into" insurance college students Zhang l j (network account name) on March 2, 2010 to the Sichuan Chengdu Jinniu District Branch Sales Department, a branch of "deposit" $ 3,000, which is part of her next year. She thought that business is done in "deposits" until March 2011, was purchased through a telephone before she knew "insurance". Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture Zhang l j in reputation financial network complaints plate post said, then in she to ABC handling deposits business Shi, one bank of staff asked she is to deposits, immediately to she strongly recommended a new financial products (life takeoff co-existence insurance b paragraph dividends type), said the products annual has dividends, and presented "medical insurance", than save regularly income high many "I asked staff products has no risk, she said is capital preservation of, due back principal plus by Save amount of 15%, then plus dividends; I and asked she 5 years within I can at any time take did? The staff said that " can be saved with the preparation of ". "Zhang Lijuan said. Zhang l j believe that staff, purchased this product, in the bank deposit of $ 3,000. Until March 2011, Zhang l j received a phone call saying "you bank card credit card number is wrong, we can't bail money". Before she figuring out themselves is not included with the product purchased insurance, but insurance was purchased. Zhang l j shall renew the $ 3,000 each year until the end of the period of insurance, now out of money, will lose a lot. Investors and Zhang l j had a similar experience a minority. Economic reference reported under reporter by query reputation financial online of case found, this class case some common features: basically is investors in to bank handling business of when, was Bank staff pull live, these staff to "income than regularly deposits high was more" "also can enjoy dividends", as bait to persuaded investors to money "to financial products of form deposited Bank", but does not to the products for "insurance". Investors in cases not yet understand clearly, fog was signed, purchased the product. Some investors is that home back to only look at the contract, while others, like Zhang l j, and it took a long time to "as if just awakening from a dream". Consensus Bank responsibility cannot shirk its reputation financial network in an interview with the economic information daily, a reporter said, deposit insurance, banks has an unshirkable responsibility. Banks is a reputable financial institution first, customer is trusted for Bank staff, this gives the Bank's staff to exploit. Some Bank staff in order to fulfil its mandate more cut so-called insurance marketed as "deposit scheme" or the "investment plan". From here, the first commercial banks should strengthen their own employee education, enhancing staff expertise, and for misleading behavior should also increase the intensity of punishment and treatment, once the client was informed was deceived and also is the Bank for loss of reputation. While sales for banks and insurance companies, and frequent misleading "deposit policies" can sometimes happen, China insurance regulatory Commission and China Banking Regulatory Commission recently jointly issued the guidelines on the insurance business supervision of commercial banks (hereinafter referred to as the guidelines on monitoring), on sales problems regulating banks and insurance companies. Assistant to the Chairman of the China insurance regulatory Commission Chen says, issued the guidelines on the regulation of an important goal is to further a clear division of responsibility of both banking and insurance, prevent the responsibility clearly decline, so as to more effectively protect the interests of consumers, after resolving a problem with the consumers to purchase banking and insurance products, I do not know whether the banks or insurance companies, rights protection difficult problems. Chen said, the guidelines on the regulation makes clear commercial banks is the subject of agent insurance sales, responsible for outlets selling insurance products directly to the customer in the Bank, management responsibility for sales, responsible for sales to misleading marketing, error. Insurance company responsible for the provision of insurance products, training and related services to banks, banking and insurance is the responsibility of a single regulator of insurance companies to provide training and after-sales service from the Bank. And in the protection of consumer interests, Chen stressed that both banks and insurance companies should set up a major joint contingency mechanism, to carry out the first-inquired. The so-called "first asking responsibility", refers to customer complaints, when the surrender requirements, whether customers find insurance company or Bank is first found, active management of insurance companies and banks should be the first time, properly hosting customers, not decline, delays time to solve the problem, leading to expanded. Remind remind investors distinguish between finance and sales channel is the key word of mouth network, sales channels are the most direct deposit was insurance-sensitive channels. In the operations of bank deposits in the Bank window, before you enter the Bank to the window, in addition to fill in the form of deposit and withdrawal is not going to have something else to make you read, at the same time form of deposit and withdrawal is also very simple and commonly used. But the sales channels of banking and insurance products tend to be in the Hall Manager, that is outside and is your contact person at the bank counter. In addition, reputation financial network, said bank deposit interest rate is a measure of, once heard the "higher than the interest on bank deposits" when Word of this class will be wary if you hear "your disease, death and other protection" is the insurance. "Some so-called high interest earnings, but have not seen with the naked eye to the small print below the income statement, which was written with " expected income do not represent actual income, specific earnings is subject to our company announced ". Because the lines are very small, without a magnifying glass is difficult to see, which also became the weapon of huyou customers of insurance companies. "Reputation Finance Network said.

Frequency is the red light of food safety expert calls for enforcement of product liability insurance

For businesses, product liability insurance in addition to shifting economic compensation liability, can also help businesses quickly and in a timely and properly dealt with after the chuxian claims, access to professional legal assistance insurance company, credibility and reputation of maximum protection products, and normal production and operation as soon as possible. For consumers, directly to obtain the appropriate compensation from the insurance company to avoid bankruptcy and inability to the issue of compensation, and to protect the legitimate rights and interests of consumers. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture from beef cream to lime chicken, from double meeting lean precise and penetrating Shanghai dyeing steamed bread, recent appears of series of food security problem again caused has people of height concern. How to prevent similar incidents from happening again? Insurance specialist in an interview with the economic information daily, a reporter said that in addition to exercising strict control over product quality management system, the selection of qualified suppliers, strengthen examination beforehand, implementing the product liability compulsory insurance system can be effective in reducing an important instrument of food safety problems. Endless stream of product liability insurance has long been neglected in the face of food safety incidents, many consumers are concerned about food packaging when shopping at the Mall "green" and "exemption", "without adding" and "non-genetically modified" Word, but "this product is insured by an insurance company" logo, still lacks the "review". It can be said that product liability insurance, not only for enterprises is a forgotten corner, for consumers, also did not pay enough attention to. The so-called product liability insurance, refers to the insured the production and sale of merchandise in the insured area accident, users, consumers or the public or personal injury or property damage, economic liability shall be borne by the insured, and the resulting litigation costs, the insurance company within the agreed limits of indemnity claim a liability insurance. It is understood that product liability insurance has been nearly a century of history, is quite common in foreign countries. Product liability insurance in China began in 1980, initially was to meet foreign trade commodities export offer; after 1985 in China's coastal areas of insurance institutions take the lead in bringing product liability insurance to the domestic market, such as electric shock casualty was launched by the Chinese security apparatus, electric blankets, TVs, washing machines, refrigerators, and other product liability insurance. However, although product liability insurance does not count as a new product in the country, but companies insured rate is very low. People in the industry, at home and abroad, there is no specific breakdown of liability relating to product liability insurance, but on average, United States liability insurance in the market not less than 45% per cent of non-life insurance business, but this proportion no higher than 5% in China, as regards product liability insurance must have lower. "One hand, many enterprises holding the chance not to insure increased investment on the other, liability insurance of companies do not realize that by this means, to spread and transfer risk in production and management, and increase their security awareness, avoid a major accident and lead to the production order have been severely damaged. "Zurich insurance company insurance product Chai Yibo reporter of the economic information daily said. Looking forward to more enterprises into international practice to mitigate market at home and abroad about China's food security crisis of confidence, a few days ago, Office of food safety, and other departments of the State Council jointly issued a notice requiring severely crack down on illegal food add behavior, the industry believes that this may cause the product liability insurance into more people's attention. "Some food production and sales as well as insurance intermediaries in the near future to consult the company number of product liability insurance, more than before, the company is also actively engaged. "One foreign casualty company liability credit insurance Department official told reporters," but on the whole, we will cover product liability insurance customers, mostly joint ventures or foreign-funded enterprises, their relatively strong insurance awareness; parts exclusively from domestic exports to the United States, and Canada, European enterprises, upon the request of foreign buyers will purchase the appropriate product liability insurance. "" In a foreign country, in the course of food processing enterprises in the selection of suppliers, vendors have appropriate insurance company's insurance products, was as one of its products are subject to a qualified. "Chai Yibo, said one of the reasons for this is mainly due to when the insurance company issued an insurance policy, are subject to strict underwriting. Insurance companies underwriting insurance purchase applications submitted by the officers for food processing enterprises, has strict auditing procedures for food safety certification system is sound, and administrative procedures for food safety inspection system compared insurance companies more valued food enterprises in the procurement of raw materials, production, packaging and transport of international norms, may cause harm to the public in particular detail, more the focus of the insurance verification checks. It is understood that product liability insurance are based on sales as accounting standards. For example, a sales of 50 million Yuan food producer, assuming that the rate is 0.3%, it only needs to pay RMB 150,000 a year premium, you can receive millions of protection, this is undoubtedly more than retained risk to ensure the stability of the cash flow of enterprises. Second, buy products liability insurance, in addition to financial compensation, also according to the insurance contract by the insurance company directly involved in the defence to proceedings for the insured to provide professional services. The so-called defence, refers to the insurance company will provide the insured with local legal defence service, this is particularly applicable for many exporters. Appeal to force through legislation to purchase liability insurance, international experience is usually to force through legislation to promote, to protect the interests of the general public had been violated to obtain sufficient insurance. Compulsory liability insurance in China already has a track to follow, in the Shanghai market, refer to the strong insurance and travel insurance on responsibility insurance rates had reached 100%, fire and public liability insurance also carried out very smoothly. Therefore, Chai Yibo believes that product liability insurance also forced necessity and feasibility of implementation. After this event of an accident, the insurance company will be the first time to settle, injured people can receive timely medical treatment and compensation; compulsory insurance can insure safe production in enterprises with a certain degree of supervision and prevention capabilities in advance to make sure that they will risk management throughout the whole process of production, sales, so as to provide against possible trouble;In addition, the problems enterprises in the case of insurance companies for payment in a timely manner, you can avoid a management dilemma and burgeoning insurance company for payment in a timely manner, can give important support to the Government, reduce the burden on the aftermath of the Government. This year's "two sessions" during the Chinese insurance group Chairman and Chief Executive Wu Yan is also raised in the motion should be carried out in the field of children's food, health food, pilot and explore ways of establishing mandatory liability insurance system of food safety, improve food quality and safety monitoring system, safeguard the vital interests of the consumers. Concrete can be used in two ways: one is to amend the new food safety law, to include food safety liability compulsory insurance; second, separate legislation, refer to the motor vehicle road accident responsibility compulsory insurance Ordinance, the establishment of the compulsory liability insurance Ordinance of food safety. However, some experts pointed out that, because of product liability insurance business involving the production, distribution, sale and other risk aspects, action intervention even after the accident, which requires insurance companies to have a professional standard of risk management. However, the relatively weak domestic property casualty company of universal loving professional motor insurance business, most of the small and medium sized Casualty Company does not currently have the professional strength, no separate liability insurance sector. Even now have food production enterprises want to insure food safety insurance, it is difficult to obtain professional risk services, which may also be present one of the reasons for the low rate of the insurance cover. Therefore, the experts recommended as insurance companies of the market, you should first perfect team-building, undertake obligations for the cultivation of the market, rather than, as now, waiting passively for the Government sector law to promote, they enjoy. Claim common sense on liability insurance claims, Mayer property insurance reminds businesses consider the following: first, when aware of the accident or received any claims or court shall immediately notify the insurance company by telephone or facsimile or your broker/agent. Second, fill out the application form provided by insurance companies that claim, together with other relevant information required by insurance companies returned to the insurance company. Third, if circumstances allow, as far as possible on the State of the scene of the accident and loss of property or injured injury to shoot. Four names of the parties involved, provide accident (or name), relationships, heads and contact methods. If product liability claims, please assist identification to confirm the related products and technologies. Five, if necessary, the insurance company may assign or delegate its claims or independent loss assessment personnel to investigate the incident and the loss. Investigators will inform referred to above should take immediate measures and for further information. Six, such as legal proceedings, immediately received a court summons or other claim documents to the insurance company. Seven, without the written consent of the insurance companies do not undertake responsibility for the accident or settle for the loss. Eight, if the accident was caused by a third party, please reserve the right to investigate third-party liability. Claims case United States old sued car companies millions of dollars compensation for United States of a old lady driving holiday car, cruise constant speed driving on the highway. In order to perk up, she "unmanned" ran to the car after car coffee drink, final sustained multiple fractures caused by traffic accidents. After recovery, she will sue car manufacturers Court because they did not in the manual of the car to her instructions prohibiting removal of disk drive, cannot be left to one side the steering wheel to make coffee! Finally, the Court decision automobile manufacturers needed to pay the woman more than 30 million dollars compensation. Cat was placed into microwave oven manufacturer compensation millions of dollars one alone home of United States old lady raising has a only cat, day to cat wash finished bath Hou, to as soon as possible let cat of hair variable dry, so will cat placed into has microwave oven; and another one old lady raising has a only dog, day dog made high fever, playing has needle still does not back, so old lady will dog placed into has refrigerator, cat and dog of fate imagined. Loss of love and love of dogs and cats each of the two old lady suing manufacturers. Reason is that on the manufacturer's description of production does not mention the animal are not allowed to be placed into the appliance. Results, court decision makers take millions of dollars in compensation. Short circuit of electric iron fire c $ 2 million awarded Canada a recent judgment of the Ontario Court of small household electrical appliances (irons) importers to consumers $ 2 million in compensation to compensation due to third-party fire caused by short circuit of electric iron loss. Three children eat jelly children choked to death on the recovery of millions of dollars to eat jelly events occur leading to choked to death, in the United States in California, three children ate China Taiwan manufacturers produced jelly leading to death. Results, court manufacturers three victims US $ 117 million of compensation (including punitive damages), resulting in manufacturers declared bankruptcy, after which consumer and seller of prosecution and, finally, get the jury up to more than 50 million dollars in compensation.

Insurance distribution emerged as direct sales profit space

⊙ Reporter Mr. Yu Yong Lu Xiaoping 0 edit direct sales to customers of insurance companies, especially telephone car insurance cheap customers also provide insurance companies make a lot of money. And these are now in energy release early. According to the Green property, Turbo protection of property, and casualty from 2011 April cumulative premiums up, 35% and 10% respectively. In April, since February 2009 27 months of the first national car production and sales growth. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture gold company of report is expected, 2011 first half of property insurance business growth momentum still strong. Casualty premium from the beginning of March of this year growth accelerating, casualty premiums growth rate for the year 2011 is expected to reach 20%. 2011 annual property insurance cost in the first half rate will remain at a lower level, which signalled a casualty companies obtain a higher yield. And play an important role in the middle of, is only a 2-year history of electric distribution channels. Telephone car insurance is introduced by the insurance company for private customers special products for car insurance, commercial insurance in basic rate discount offers on 15%. At present, the protection of property, Turbo casualty, ping an property of the three major insurance companies accounted for by selling most of the market share of the market. Earth, balance a dozen second-line property casualty companies also began his career in sales, there are many small and medium-sized insurance companies are queued pending electricity distribution licence. Merchants CIGNA annual report characterized by pin charm of proven direct: 2010 net profit of 171 million dollars of the company, and 2009 is $ 159 million. So it is with the industry: the first half of 2010, electric distribution service for payment industry-wide car insurance rate 57%, comprehensive cost rate of 97%, lower than the overall level of motor insurance business respectively and 6.8, motor insurance distribution business total underwriting profit of $ 129 million. This is the insurance companies continue to increase its sales channel development of endogenous dynamics. In addition, use of the Internet for channels innovation of insurance companies is fengshengshuiqi. In March this year, Sunshine insurance group and China Unicom (600,050, unit) formally signed, the establishment of a comprehensive strategic partnership, and signed with the China Unicom Beijing Branch of the 3G Mobile Office business cooperation agreement, both sides implemented on the network, application platform, and customer service resources complementary agreements. Through this strategic cooperation, the Sun insurance will work with China Unicom to explore new applications of 3G technology in the insurance industry. Chinese President Wu Yan said, pay great attention to the development of emerging channels, vigorously promoting the construction of electric distribution, network distribution channels. Changing the passive situation no customers to do business, gradually get rid of over-reliance on traditional intermediaries, obtain new profit model.

The China insurance regulatory Co30i18ion on life insurance rates terms means public consultation

⊙ Reporter Lu Xiaoping 0 edits yesterday by Mr. Yu Yong, China insurance regulatory Commission has posted on its website the personal insurance company insurance clauses and insurance rates management approach (draft for soliciting opinions), to the public for comments. Show clues of much of market interest rates marketization. Exposure draft, the insurance company should be in accordance with the insurance clauses and insurance rates of this measure will be submitted to the China insurance regulatory Commission for approval or for the record. Obviously, record-keeping system has made it clear in the column, the rate market worth looking forward to. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture insurance regulatory Commission clear, relationship social public interests of insurance insurance species; law implemented forced insurance of insurance species; China insurance regulatory Commission provisions of new development life insurance insurance species,, related of terms and premium rate should in using Qian submissions China insurance regulatory Commission approval. Other insurance provisions mentioned above, should record the China insurance regulatory Commission. Insurance companies shall, in accordance with the relevant provisions of the Insurance Act and the China insurance regulatory Commission, fair and reasonable to develop insurance clauses and insurance rates, shall not prejudice the legitimate interests of policyholders, insured persons and beneficiaries. Insurance companies on the development of insurance clauses and insurance rates assume corresponding responsibilities. At the same time, insurance companies should be brought into full play core competitive advantages, rational allocation of corporate resources, market demand, macroeconomic policy, the company strategy targets development insurance coverage. Under the rules, insurance corporation responsible for the insurance clauses and insurance rates of China insurance regulatory Commission for approval or for the record. China insurance regulatory Commission should accept the insurance clauses and insurance rates from the date of application for approval make a decision to approve or not approve in the 20th. Unable to make decisions in the 20th, approved by the head of the China insurance regulatory Commission, the approval period can be extended on 10th. China insurance regulatory Commission should be informed of the reasons for the extended period insurance companies. China insurance regulatory Commission stressed, branches of insurance company branches at the provincial level and below, shall not decide to stop using the insurance clauses and insurance rates.

Application risk capital balance has exceeded $ 5 trillion

Investments covering bonds, stocks and infrastructure and real estate ⊙ reporter Liu Yufeng Lu Xiaoping 0 edit yesterday, by CIRC Chairman Wu dingfu in Chinese insurance Association Annual Conference 2011, said that as of now, the utilization of insurance funds balance has exceeded $ 5 trillion, the use of virtual economic area such as covering the bond and stock, as well as solid economic areas such as infrastructure construction and real estate. It is understood that, in terms of stimulating investment of insurance funds, by means of directly or indirectly, has invested the Beijing-Shanghai high-speed railway, North, southern power grid and people's livelihood, such as important project. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture Wu dingfu pointed out that, in promote Endowment system construction aspects, insurance in speed up commercial endowment insurance development of while, vigorously promoting enterprise annuity development. Now insurance companies were entrusted with the management of more than 30,000 companies pension, entrusted with the management value of more than 120 billion yuan. The insurance industry Annual Conference to "value, innovation, social responsibility--the insurance industry reality choice for sustainable development" as its theme. In response, Wu dingfu pointed out that, compared with other industries, besides has the characteristics of liabilities in the financial sector, insurance management, also has a security and a wide range of social, involving all areas of economic and social and productive life of the masses of all levels. Whether social obligation of the insurance industry, to promote economic development, enhancing social development and improving people's livelihood has important significance. Wu dingfu says, at present, China's per capita GDP had reached US $ 4,000, new characteristics in the economic and social development. At the same time, the insurance needs of the people has become increasingly diverse, China is emerging from a potential insurance market, becoming important global insurance market. Construction of the new situation on the social responsibility of the insurance industry sets higher demands. He stressed that innovative concept, expanding services, further enhance the ability and level of social responsibility of the insurance industry. Strengthen technological innovation, eco-environmental protection, resources conservation areas of risk management and security, support for new emerging industries such as energy, biotechnology, energy saving and environmental protection development. Continue to encourage the support the development of export credit insurance, export enterprises in key support in line with national industrial policy, promote the transformation of foreign trade. According to the 2010 premium income reached $ 1.45 trillion, is 4.8 times times 2002, current international ranking sixth; total assets exceeded $ 5 trillion industry, 7.8 times times the end of 2002; capital of more than $ 400 billion, is 12 times times in 2002.

Scientific planning family insurance should be a family pillars of foot on insurance

Compared to personal insurance, insurance to a family planning more factors to consider, a scientific and rational family insurance plan, it can do to save money, and that all family members are given due protection. Key protection pillar in front of the home construction protection scheme of the family, first to all sorts of family members, rationally rely on it in accordance with income, family and other factors in arranged in a sequence, and clearly defined the pillars of the family. There is no doubt that support cost of the pillars of the family should be put in more, because once the backbone of the family by accident, the impact on the entire family will be the biggest. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture many parents will for children buy more copies insurance, is ignored own of protection. This is not desirable, parents should give their first foot on insurance, to give children a solid pillars. And still in the world for two families, if the income should be higher risk persons mainly insured objects, insurance premium and budget in order first of all to its tilt. Accident insurance and consolidating the pyramid base accident insurance is the basis for constructing domestic security pyramid, accident insurance also has low premiums and guarantees broad characteristics. Most basic personal accident insurance protection of time and place is very wide, regardless of the normal working or go on a journey, as long as the articles on responsibility of compliance with accident insurance protection, are available for payment. 5-10 times, as all members of the family should be based on annual revenue total sum insured accident insurance standards, if you have a mortgage, car loan burden, may be appropriate to add some insurance coverage. Family members in accident insurance when you select to refine, according to their actual insuring appropriate insurance. For some families travel a lot or a few times each year travel plans, you should choose long-term casualty insurance. Select a year or more long-term casualty insurance, rather than every time before going out insurance against aviation insurance, travel more convenient, prices are more affordable. Additional medical insurance essential insurance claims for death or disability due to accident, and no payment for medical expenses due to accident, so for a family, based on the accident insurance additional medical insurance or hospital insurance is necessary. After these insurance can guarantee some accident, insured treatment costs borne by the insurance company. However, additional medical insurance coverage no need to be set too high, because it does not cause accidents when treatment costs of disability will not be too much, this can reduce the overall premium family expenditure. (Sunflower)

Exchange entered the stage of approval of the State Council in Shanghai is little of suspense

Every reporter Xu Zi Mo from Lujiazui in Shanghai last year (600,663, unit) on the Forum, Shanghai Declaration "to set up China's first insurance Exchange." A year later, Lujiazui Forum of people familiar with the participation of the insurance Exchange has entered a stage of examination and approval of the State Council, in Shanghai little of suspense. Insurance Department of Fudan University Xu Wenhu, Director of media that may set up does not rule out the year. Insurance density and depth backward recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture Roland Berger Management Advisory company large Chinese area Deputy President Qu Xiangjun said: "Although Shanghai of insurance institutions accounted for than in national, is comparison high of, but in global insurance of depth and density are is comparison partial Hou. "China insurance regulatory Commission data shows that by the end of 2009, premium income in China 1,113,730,000,000 yuan, an increase of 13.8%. In 2010, the National Forum on PE, Assistant to the Chairman of the China insurance regulatory Commission Chen has said that as of the end of September 2010, total assets of the insurance company reach 4.8 trillion yuan, representing early growth of 81.1%. From Switzerland insurance according to the magazine 2008 global premium income denominated in dollars, inflation, growth rate is-2%. 2009-1.1% global premium income growth, industrialized countries are-1.8%, last year was 14.6%. By the end of the third quarter of 2010, premium income in China $ 1.1 trillion, an increase of 32%. By the end of 2009, insurance density in China $ 121.2 world 64 bits, and significantly lower than the global average of us $ 595.1. Ranked first is Netherlands, insurance density $ 6554.6; second are Switzerland, insurance density $ 6257.6; the third was Denmark, insurance density $ 5528.9. Japan and the United States ranks 9th, 10th, respectively. "We in 2009 insurance density and foreign markets than as a financial centre, a very large gap. "Qu Xiangjun said. In fact, in addition to premiums, measure of a regional insurance market indicators, depth and insurance is the insurance density. Insurance density is calculated according to the local population per capita insurance premium amount, reflecting the degree of participation of the national insurance, insurance depth is reflected the position of the insurance industry in the entire national economy. According to Switzerland according to the reinsurance, in countries and regions in Asia, Japan has the highest insurance density, $ 3,979; followed by Hong Kong, China US $ 3,304; third, China Taiwan $ 2,752; Singapore US $ 2,558, Korea us $ 1890. Switzerland reinsurance data indicated that, at the end of 2009, insurance depth of 3.4% in China, world 44, below the world average of $ 7%. Waiting for the market as a "study on the construction of Shanghai insurance Exchange" of one of the key members of the Group Insurance Department of Fudan University Professor Xu Wenhu, Director said in an interview with the daily economic news: "reply Exchange also did not last, I'm not reveal too much. "At the same time, he said, it also to regulators, such as officially announced to be the next work can be organized. In fact, the Lujiazui Forum, all messages are displayed, in Shanghai has no suspense about the insurance Exchange. Mr TU guangshao Vice Mayor of Shanghai Municipal Party Committee Standing Committee, also announced at the meeting, Shanghai financial industry Federation and the Committee of experts of Shanghai financial shipping Finance Committee of the Federation was formally established. Mr TU guangshao revealed that, under the power of this Committee, established insurance business will also establish and global exchange in Shanghai United Kingdom "Lloyd" markets like shipping finance Club. United Kingdom "Lloyd" Edward Lloyd's coffee shop originated in more than 300 years ago, it started from sea transport risk insurance, gradually developed into a leading global commercial property and liability insurance of insurance markets. Worth noting is that Lloyd's itself does not accept the insurance business, provides trading place for its members only. In the Lloyd's market, the seller (insurers provides insurance protection) and buyer (on behalf of customers to purchase insurance brokers) face to face to discuss business. Lloyd's underwriting business from more than 200 countries and regions of the world, in 2009 pre-tax profits of ￡ 3.87 billion, an all-time record. At the same time, Bank of communications (601,328, unit) (601328,SH) Niu Ximing also said in the meeting, President, Shanghai insurance in the Club will organize transactions provided assistance, mutual pushing bank insurance business. While in China's first insurance exchanges worth the wait. In interviews, however, multiple insurance industry renowned experts from all over the country have said "too much uncertainty". Domestic authority insurance experts with respect to the economic daily news: "New York insurance Exchange represents one of the most economically developed country insurance markets innovation, but was established in 1980, only the last 7 years have went bankrupt, which speaks for itself a problem. "" There is no experience, no contrast, in this case, the platform of the insurance Exchange is accepted, this is needed to test the market. "The authority on the daily economic news reporters. "Manuscript statement" without the daily economic news authorized use, offenders. If you want to reprint or learn more about the highlights, log's official website:

Analysis of variable annuity insurance

In foreign countries have been selling for years variable annuity insurance, commonly known as "minimum guarantee investment and even risks", will take place in Beijing and Shanghai, put down roots in 5 areas. As a new line at first appearance, it will struggle and dividend insurance life insurance market, is also like universal life insurance, investment and even danger Pan? Recently, this reporter learned from the many insurance experts, and variable annuity insurance market, is expected to break the current dividend of danger and risk dominance patterns, and gradually replace the traditional investment and even dangerous, but also reverse the slow development of the situation on the market for life insurance old-age pension. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture what for variable amount annuity insurance variable amount annuity insurance is imported products, currently domestic consumer on this a new insurance species still more strange. It is understood that variable annuities can be understood as an upgrade the amount of investment and even dangerous, is policy interests associated with the investment account, at the same time as contracted with the lowest guaranteed life insurance policy interests. Insurance life insurance supervision Department Director Liang t introduction, variable annuities can be simply understood as the amount of "investment and continuous insurance + minimum guaranteed + pension payments of" insiders also interpreted for domestic investment type insurance products, annuities products on the market with the combination of open-end fund three. After the customer has purchased the product, the insurance company will set up one or more accounts, each account relatively independent, isolated from the other account to ensure accounting clarity, investment income of the account completely belong to the insured, the insurance company paid to the insured investment income in the world with an annuity, and the company policy conventions only charge the account management fee. Also, variable annuities also provides the amount of guaranteed minimum income. Guaranteed minimum benefits in insurance consumers, while additional pay a guaranteed interest costs to compensate for the costs incurred by the company to provide guaranteed minimum income. Introduction to Liang t, 4 for future upcoming products will be in the form of guaranteed minimum income, the minimum death benefit guarantee, minimum maturity benefit guarantee, minimum pension payment guarantee and the minimum cumulative interest guarantee. Which way will expressly agreed upon in the policy. A case study of minimum maturity benefit guarantee, was at the time of expiration of the policy, when the expiration of the insurance consumer can get account of the greater of the values and conventions of guaranteed minimum income. This means that, when the account value less than agreed in the policy of guaranteed minimum income, the insurance company will pay for insurance of guaranteed minimum income on consumer conventions. Shows that insurance companies bear the investment risk as a result of the provision of guaranteed minimum income. It is worth mentioning is that higher than the guaranteed minimum income of some of the above investment risk is borne by the insurance consumers themselves. Guaranteed minimum to maximum aspect on the market today there are only 3 of the financial-insurance, investment and even insurance and dividend insurance and universal life insurance. Compared with these 3 categories of products, become the largest feature of variable annuity insurance guaranteed minimum income. It is understood that the investment and continuous insurance and dividend insurance and universal life insurance investment income are not within the policy agreed in the contract, such as dividend insurance usually is survive to return gold, but the bonus part are not fixed, fixed pursuant to the operating conditions of the insurance company; likewise, investment and even the danger and do not set the guaranteed minimum income, profit and loss of investment income from insurance consumers themselves to assume. Variable annuities with these 3 kinds of financial insurance the amount there are many detail differences. Introduction of capital economy-trade University Professor Tuo Kunitaka, from established accounts, dividend risk does not have an investment account, universal life insurance is only set up one investment account, variable annuity insurance as in connection with an investment risk, there are one or more investment accounts and investment funds can be converted freely between different accounts. From income view, dividends insurance of income from insurance company usually by said of "three difference" (died difference, and Fei Cha and Lee difference), universal insurance of settlement interest rate by insurance company developed, by bank interest rate effect more obvious, and variable amount annuity insurance and cast even insurance of income from Yu account funds in stock, and Fund, and bond, market of investment profit; variable amount annuity insurance all of investment income return insurance consumer all, however received way is annuity of fixed received, and cast even insurance can in contract conventions conditions Xia flexible drawn investment account of funds, dividends insurance is is annual dividends, dividend how many and insurance company of operating related, dividends insurance surplus of 70% more distribution to insurance consumer. Compared with the traditional fixed annuities, variable annuities, not only in the amount of the premium paid way more flexible, more important is, rate of return is no longer fixed and determined by the rate of return on investments. However, when the policyholder benefits, does not allow a one-time leading out, but by an annuity payment. In addition, the variable annuity insurance compared to banks, funds and other financial products or better are attracting investor attention. Tuo Kunitaka pointed out that funds and other products can be short term redemption, and variable annuity insurance you are pursuing a long-term gain, payment period up to 7 years, 10 years or longer, short term redemption is the so-called surrender, surrender loss, funds are limited. Suitable for high-end crowd "because insurance companies to charge variable annuity insurance account management with the lowest cost and cost of guaranteed minimum income, only a small amount of money into the customer is not for the purchase of this product. "An introduction to people who are involved in discussing and variable annuity insurance, high-end crowd will be the subject of variable annuity insurance consumer, coming soon of the insurance, annual minimum fee is expected to reach $ 20,000. China insurance regulatory Commission stakeholders also expressed, in General, variable annuity insurance suitable for strong economic strength, lower psychological ability, but they expect a certain investment income of insurance consumers, they also need to have some insurance, investment knowledge. It is worth to remind that, minimum guarantee and investment gains can be one of the biggest selling point of the variable annuity insurance, but insurance sales of the selling points are also likely to lead to misleading customers. To prevent insurance sales variable annuities sold to is not for the amount of population, China insurance regulatory Commission recently made to the insurance company sales channel qualified and sales personnel's quality put forward higher requirements, such as special training, participated in variable annuity insurance selling life insurance products for more than a year and no major irregularities and fraud. At the same time, China insurance regulatory Commission also clearly required insurance companies to customers "risk tolerance questionnaire" assessment, ensure that the amount of variable annuities and insurance matches the risk appetite of the consumer. Is expected to replace the cast even the insurance industry has been advocating insurance return warrantyWith disabilities, then the variable annuities is the amount deviated from "protection" instead pursue investment income? For this question, explained people involved in research and development of the insurance, variable annuities in the protection of the amount of the guaranteed minimum income protection. It is understood that this insurance in foreign markets have been sold for nearly 70 years, the introduction of rapid early development. While the international financial crisis, variable annuity insurance under a certain degree of impact, but still is the mainstream product of foreign insurance markets, such as 2009 year variable annuity insurance in the United States pension market share is still close to 50%. Guangdayongmingrenshou a responsible person pointed out that, on the one hand you can change the current dividend of danger and risk dominance patterns, will also go slow twist life insurance in the old-age pension insurance market situation. Analysis of the many insurance experts, variable annuity insurance after the life insurance market on track, is expected to replace the existing investment and even dangerous. Relevant data show that current dividend risk total up to near 80% in the life insurance and universal life insurance and investment company insurance market share is shrinking. There are insurance companies who believe that by insurance companies to invest in capital markets can obtain a higher return on investment so as to avoid the risk of inflation, population aging in China receiving annuity demand. However, some analysts believe that variable annuity insurance cannot cover all investment banking crowd, insurers may set the bar for customer investment, this pattern of an existing life insurance market will not form a great impact. Because of this type launched on the financial strength of insurance companies, investment and risk control ability put forward higher requirements, variable annuity insurance launched pilot sales in the early days, by certain conditions of the insurance company in Beijing, Shanghai and other places sales, every company is only pushing a product, and pilot sales amount not exceeding $ 8 billion. Insurance experts pointed out that, although the foreign variable annuity insurance market more mature, but when introducing domestic cannot copy, should fully take into account the domestic life insurance market and the customers ability to take risks. At present, said some companies are developing more combination products in the domestic market. Business reporter Cui Qibin Oriental IC/for map

Margin deposit insurance enterprises capital threshold to be raised over 90% banking is not up to

Every reporter Yang Jingxin from administrative measures of Beijing capital margin of China insurance regulatory Commission on 18th of the insurance companies (draft for soliciting opinions) (hereinafter referred to as administrative measures), will increase the insurance company capital margin deposit threshold, required margin deposit Bank net assets of not less than $ 20 billion of insurance companies. Journalists by 2011 a quarter and 2010 annual report on the Bank of incomplete statistical data currently reach the margin deposit insurance and enterprise standards of the joint-stock banks and city commercial banks amounted to 18. Analysts said more than 90% Bank in "$ 20 billion" hard targets and insurance enterprises capital margin right before. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture insurance regulatory Commission lift "threshold" insurance regulatory Commission said, in new of management approach in the, to guarantee insurance company capital margin of security, its store Bank need has strong of strength. Previously of the interim measure "kept in the registered capital of RMB 4 billion of the Bank" does not fully reflect the banking strength, relative low threshold. Therefore, the new regulation makes it clear that, risks and Enterprise capital margin deposit banking net assets of not less than 20 billion yuan. "In terms of dispersed insurance company risk capital margin, 2007 China insurance regulatory Commission has issued documents, insurance companies are able to select one to three national Chinese-funded commercial banks. Now, taking into account the development speed and security deposit the amount of the insurance company, centralized storage of a bank's risk have already stand out. Therefore, the insurance regulatory Commission wants insurance companies to spread risk and selected as capital margin of more than two commercial banks deposit banks. "The PBoC said. In addition, this time the management approach also added a section, the insurance company capital margin should be deposited in the insurance companies corporate domicile, municipalities, cities or the capital city of the specified Bank, and 2007 interim measures did not make this request. Nine banks is not up to the new management approach will become Bank "kicked out of the" risk margin business enterprise capital. Reporter by Bank 2011 a quarterly and the 2010 annual report does not full statistics, currently only ABC (601,288, unit 's) (601288,SH), and traffic Bank (601,328, unit 's) (601328,SH), and industrial and commercial bank of (601,398, unit 's) (601398,SH), and construction Bank (601,939, unit 's) (601939,SH), and Bank of China (601,988, unit 's) (601988,SH), and CITIC Bank (601,998, unit 's) (601998,SH), 18 home Bank net assets over 20 billion yuan. Among them, city commercial banks only in Bank of Beijing (601,169, unit) (601169,SH), the Shanghai Bank, Bank of Jiangsu three asset compliance. If by the end of data, listed banks Bank of Ningbo (002142, unit) (002142,SZ) and Bank of Nanjing (601,009, unit) (601009,SH) are not standard. "In a new way, higher-margin deposit Bank of qualification requirements on insurance companies, indirect 90% banks out of the game. "Some securities companies insurance industry analysts say, the differentiation of your business in the future will be very obvious. Most banks owing to lack of scale cannot be involved in the business, and banking giant is right to "pie" capital margin of more than more than 100 domestic insurance companies. The analysts also believed that, on the current situation, although China zheshang Bank, Bohai Bank, very rapid momentum in the development of the green banks such as Bank, also involved the deposit insurance capital margin of business, but they are now net assets and not standard. According to the new management procedures, these banks cannot store security deposit insurance and enterprise business, so the existing businesses will be transferred to another bank, that is what they do not want to see. It is understood that China zheshang Bank, Bohai Bank, ping an Bank's registered capital to $ 10 billion, $ 8.5 billion and $ 8.623 billion respectively, provides $ 4 billion in registered capital over 2007 year, current net assets, however, are not reached $ 20 billion, will be implemented in the way it was forced to stop the business. "Now China insurance regulatory Commission also just introduced draft. Banks will benefit demand of different positions, the specific situation to formal documents such as down. "The analysts, the new approach of the details still need to work. For example, a few big banks such as Bank of Nanjing and net assets of only one step away from the $ 20 billion, and is a listed company, belonging to control risk, they are excluded from the list, seems standard has some are too harsh. "Manuscript statement" without the daily economic news authorized use, offenders. If you want to reprint or learn more about the highlights, log's official website:

Take risks and enterprise sale promotions will be subject to a fine of $ 500,000

Business News (reporter Cui Qibin) take risks and enterprise product sale promotion will eat the ticket. New rules made by the China insurance regulatory Commission proposed yesterday shows that insurance companies to stop using the name sales misleading insurance clauses and insurance rates, maximum will be fined $ 500,000. Yesterday, the China insurance regulatory Commission published the personal insurance company rules on administration of insurance clauses and insurance rates (exposure draft) (hereinafter referred to as the way), open for comments. The method calls, the insurance company shall strengthen the insurance terms and rates of usage management, not to stop using the insurance clauses and insurance rates advertising hype and sales on behalf of misleading. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture for appears above publicity hype, and sales misleading, or provides false report, and is not by provisions using approved insurance terms rates for sales of, insurance regulatory Commission will ordered its correction, and can sentenced 100,000 yuan above 500,000 yuan following of fine. For serious insurance companies, insurance regulatory Commission will limit the scope of its business, or revoking business licenses, ordered to stop accepting new business. In fact, in June last year China insurance regulatory Commission has warned against the borrowed sale promotions and interviews with some companies, but did not introduce penalties. For a product sale, the provisions also make clear the way, requires after the insurance company should be to stop using submit a report to the China insurance regulatory Commission on 10th, instructions to stop the use of reason, subsequent service measures, and branch and the following branches at the provincial level shall not be entitled to a decision suspending the sale of a thing. The procedures for approval and filing of personal insurance provisions and many other aspects of a comprehensive carding. Data show that China insurance regulatory Commission has repeatedly introduced special provisions, such as life insurance product name requirement, short-term accident insurance premium rate provisions, life insurance products for approval and record-keeping requirements. The approach will introduce uniform provisions, and to refine the approval and record-keeping processes, clear penalties. The measures once implemented, China insurance regulatory Commission was released in 2000 by the personal insurance products named interim measures and the release of short-term accident insurance premium rate and to simplify short term of notice of casualty insurance filing procedures, as well as the 2004 release of the life insurance product approval and record management procedures will be repealed.