Facing China's Turbo growth of life busine47 variable annual growth target of 15%

Turbo in China (601,601, unit) (601,601) on May 18, 2010 annual general meeting of shareholders. Gao Guofu, Chairman of Turbo said at a shareholders ' meeting, sales channels and product life insurance industry is facing a new challenge. Company life insurance business in the next three years to fail to meet established growth 15%, will face certain variables. Introduction to Turbo President and Executive Director Huo Lianhong, Pacific property insurance future comprehensive cost rate target is around 95%. 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 life insurance industry faced impact on future 5 years to 10 life insurance growth of judgment, Gao Guofu describes, past years Turbo life insurance business of development good Yu industry average level. Each of the past three years growth in new business value to more than 20%. Turbo actually average compound growth rate of 26% of new business for three consecutive years. Future development of the life insurance business, there are good aspects. For example, the entire "35" period, central to increase the income of people in a very important position. At the same time as the city trend of ageing, the central focus on old-age care and support will also provide a good environment for the development of the life insurance industry. But should see a development base strong enough life insurance. Life insurance now from the marketing impact of the reform of employment system and channel banks and insurance companies. If the new labor contract law of adjustments to the employment system of marketing, will bring great pressure on labor costs for the industry. Last year out of the 90th, the CBRC, China insurance regulatory Commission, the CBRC common this year out of the 10th, silver single regulator shall not require insurance companies selling insurance in the banks of resident. This requires that the development models transformation of banks and insurance companies, insurance sales difficult. Turbo life insurance in the first quarter growth, lower than the forecast of 15%. Gao Guofu pointed out at the general meeting of shareholders, many banking shares, holding insurance companies is another challenge for life insurance. Many banks holding insurance companies, had "its own" insurance, bancassurance is threatened. At the same time as the second round of the bank capital, capital continue to inject the insurance company, bank insurance company of the future will have a generation of ultra rapid development. Property insurance cost rate target 95% "we are stepping up their response to the difficulties. "Gao Guofu said. He describes, Turbo hopes to maintain life insurance better growth in the next three years, meet the requirement of 15% the value of new business growth. Turbo on this year's goal is to "focus marketing". By accelerating the development of marketing channels, speed up the marketing channels on the value of new business contribution to achieving the overall performance of continuous growth. A quarter of the year, Turbo marketing channels to achieve a double-digit growth, further enhancing business value growth rate for the new year. Property insurance, Pacific property insurance 93.7% 2010 property insurance cost rate, achieve the best level since 3 years. Comprehensive cost rate is the composite payment rate of insurance companies and the sum of the cost rate, a measure of insurance company earnings index over 100%, loss of property insurance companies. Turbo revealed President and Executive Director Huo Lianhong, Pacific property insurance cost in the future goal is to maintain the rate of about 95%. Reporter Gao Gaifang Shanghai