New China life insurance change set in quiet transformation to meet listing

⊙ Reporter Lu Xiaoping Zhu Shaoyong 0 edit listed Xinhua life insurance is expected in the 4 quarter of the year, 5-year development strategy for the future investor needs to solve the mystery. According to people familiar with new China life insurance, now, new China life insurance is now on a "change." All of it, appears to be silent and silence a low profile, but it was a downright "restraint transformation" and "connotation for promotion". New China life insurance, is change new breeds and savings in energy. Recommended reading insurance weekly: protection listed 3.8 billion sold "China smell Department" assets town residents endowment insurance pilot a quarter Bank agent premium income decline 15% cast even insurance fell out of May average income-2.67% insurance professional intermediary high growth gradually into main channel Qian April foreign insurance enterprises share fell below 3% deciphered fuck disk password master main trends new strategy show grand vision Xinhua life future 5 years of strategy planning, most striking of Mo had its Grand of vision, construction "China most excellent of to Omni-directional life insurance business for core of financial service group". China's best is the meaning of the "leading market positions, superior customer service, sustained value growth, dedicated professional staff, lean and efficient management, the hearts of brands, a cohesive culture." To a full range of life insurance business as the core meaning is: "to the people as the core, covering customer life-cycle, extended to the health, pension and other industries." Meaning of the financial services group is: "the life insurance business and asset management as two pillars, on the basis of time extended." Not long ago, on a higher level strategic training courses within the company, Chairman of Procyon Studio and Xinhua life insurance current strategy boils down to: "around a central, based on two supporting points, go with the two main trends". "One Center" is the full implementation of customer-centric business strategies, and so on to determine the company's strategy, product strategy, sales strategy, asset management strategy, strategy. "The two support points" accelerate innovation changes and return to the origin of insurance, respectively, resource-intensive and environment-friendly development path, abandoned the extensive mode, firm value growth. "Two trends" are the two major trends of China's urbanization and ageing, expand market space, seek to seize the commanding heights of the new round of competition. This is not difficult to see, new China life insurance "road to change" the direction is clear, also is very specific and perfect. This is undoubtedly a thick product sends thinly, poised for "journey of hope". Structure preventing risks go way familiar with the insurance industry knows that, "go mode, adjusting the structure, risk prevention, and promote development" 12-character guiding principle is the primary tone of insurance supervision in recent years. In fact, the origin of life insurance companies have active return in recent years, the most typical sign is the life insurance industry bigger and stronger. By contrast, the Xinhua life insurance company in this area be a proactive, leading the first obtained it. According to the data display, from 2006 to 20,105 years, Xinhua life insurance premiums for the year jumped from about $ 26 billion to more than 93 billion scale, market share jumped from 6.6% to 9%, with an average annual compound growth of more than 35%, continue to maintain the image of the leader in the market, "fast" has always been the outstanding characteristics of Xinhua life insurance left the outside world. But this is only a surface phenomenon, in fact, new China life insurance has been painstaking operation, stealing, struggling to stick to the traditional type, protection type, long-service positions. 5 years, a dangerous new contract from 3 billion less than the growth in premium to over 10 billion, Silver's new single premiums increased from about $ 15 billion to about $ 44.5 billion, business renewal premiums rose from 5 billion to about $ 36 billion, total payment business share is more than 60%. From 2007 to 2010, the new China life insurance's existing business value increased at an average rate of more than 30%. A new China life insurance insider told a press conference, transfer mode, adjusting the structure of the premise and key are heavy gauge, control risks. New China life insurance based on compliance requirements to regulatory authorities on the one hand, exclude significant risks, with a focus on controlling sales misleading; on the other hand develop a risk management strategy planning, improving the air control system, and fundamentally solve the problem of risk control system. In-depth development of the system-wide risk comprehensive investigation work eight Dragnet compliance checks and branch levels; enhance legal support and protection, to responsibility for the major violation cases; vertical sound internal audit control system, divided into four Audit Division, achieving second agency audit coverage. Annual premiums of more than $ 93 billion, total assets of 300 billion, 25 million customers, the importance of the life insurance market, Central Huijin holdings. Maybe, which will attract investors perspective.