Wednesday, June 15, 2011
New deal affect insurance channel Bank drop in premium income in the first quarter 15%
Every reporter Deng Liping from Shenzhen China insurance regulatory Commission last week released the 2011 insurance intermediary market report, according to the national insurance premium through intermediaries in the first quarter revenue of 402.743 billion yuan, an increase of 7.4%, 87.23% per cent of the country's total premium income over the same period. While, silver insurance new deal effect preliminary appeared, silver insurance channel income per cent appears decline, a quarter Bank agent premium income 126.973 billion yuan, per cent decline 15.33%, 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 intermediary institutions net profit reduce from a quarter data view, national total insurance professional intermediary institutions 2,547 home, than last year end reduced 3 home; insurance and industry agent institutions 198,505 home, than last year end increased 8,628 home; insurance marketing member 3.3375 million people, than last year end increased 39,700 people. Reports show that as at March 31, 2011, the insurance professional intermediaries business revenue 3.253 billion yuan, an increase of 29.34%; realized net profit of 141 million Yuan, up by 18.5%. Insurance intermediary why income increased profits? Related insurance industry on the daily economic news reporter, this was mainly due to recent increases in insurance costs. This year, the major insurance companies gradually increased burst out difficult issues, the human cost of insurance has a larger scale. China insurance CEO Hu Yinan said before, and like most domestic companies, China insurance pay about growth this year was 15%. Silver channel income falling in early November last year, China Banking Regulatory Commission on further strengthening agent, issued a notice of insurance sales business compliance and risk management, non-resident insurance company personnel in commercial bank sale; and insurance company, in principle, every bank physical network cooperation provided no more than three. In March this year, China insurance regulatory Commission, China Banking Regulatory Commission have jointly published the guidelines on the insurance business supervision of commercial banks, more comprehensive specifications are made to banks and insurance companies. Data show that in the first quarter, banks and insurance companies is gradually displayed the effects of the new deal, before research report found that silver premiums grew in the first quarter may be converted to a negative number. Reports show that as at March 31, 2011, the insurance agency and industry premium revenue of 202.789 billion yuan, reduced 3.81% per cent; 43.92% per cent of the country's total premium income over the same period, fell 2.5%. Banking agent premium income of 126.973 billion yuan, fell 15.33%. Concurrent-business insurance agency commissions revenue 9.948 billion yuan, an increase of 8.45%. Which Bank Commission revenue 5.149 billion yuan, fell 3.2%. Sinolink securities (600,109, unit) previously a research report that "banking and insurance business within the expected time of half a year premium is bound to be adversely affected, because the sales changes need time to digest, than larger companies and banking and insurance business, premiums will be subject to greater impact in the short term. The long term, new balance after the market after a select, which good companies will benefit from national, brand benefit. "" 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: