Property insurance required car sales face eat performance in the second half was good

Dong Yunfeng of China Automobile Industry Association announced the latest data show that in May this year, is depressed domestic automobile production and sales trends, ring continued to decline, has increased per cent decline. May the domestic total of passenger car sales of 1.0429 million vehicles, 8.71% fell, fell 0.11%, appear negative growth for the first time during the year. Behind the auto market down, feel a chill-casualty industry in China-Motor insurance businesses occupy the property company's total share of premiums over 70%. 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 under China insurance regulatory Commission data, this year Qian 4 months, national property insurance premium income for 153.9 billion yuan, more last year over growth 14.85%, per cent growth more last year over decline 20%. Among them, China, China ping an (601,318, unit) and Turbo in China (601,601, unit) realization of property insurance premium income, 59.6 billion respectively and 21.7 billion, premium per cent growth, 10% and 16.84% respectively, market share, 37.36% and 13.61% respectively. According to estimates, 1 ~ April monthly insurance premiums per cent growth this year, 8.66%, and 22.74%, respectively. In March, after a significant rebound, again in April fell sharply. Nevertheless, the institution is not pessimistic, many brokerages expected in 2011 annual insurance premium growth rate will reach 20%. For this year 1 ~ February production insurance premium "anomalous" low growth, investment securities (600,999, unit 's) analysis said, because Qian end many company will performance left in the following year (2010) auspicious start release (left single), and last year late this situation less, so this year Qian two months production insurance premium growth very slow, entered March Hou, this effect decline, production insurance growth tends to normalization. CICC pointed out that the casualty premiums starting from March this year growth accelerated, property insurance premiums this year is expected to grow by 20%. In addition, car sales may rebound in the second half, is estimated to be 8%~10% for the whole year and accounted for about 16% of property insurance premium level casualty, liability and cargo insurance had been achieved in the first 4 months of more than 20% per cent growth. In this regard, China Merchants securities said, non-vehicle insurance in motor insurance pick-up in growth combined with proportion of double promotion, continued bullish on property insurance rates in the second half, whole year is expected to grow about 20%. GF (000776, unit) is clearly more optimistic, the Agency expects insurance performance growth this year will reach 30%, although 2011 property insurance market failed to extend premium growth, but property insurance premium growth was steady revival expected earned premium growth will be higher than the original premium income growth 15%.