Universal danger and the worst is past pick up or banks and insurance companies into the probability of the event

Chen Tianxiang statistics from the China insurance regulatory Commission recently published data, outside the affected by the new policies of banks and insurance companies further deepened, and the impact of individual factors such as growth slowed, in General, after the first quarter, in the life insurance premium rates remain in a declining channel, markets generally expected in the short term is still in a State of slump, due to the aperture causes and adjustment of product structure, comparison and analysis of life insurance premium growth more difficult. Guotai Junan believes that annual life insurance premium growth, the biggest variables is channel banks and insurance companies could rise in the second half. The agencies believe that on the banking side, with the tightening of monetary policy to reduce deposits pressure drops, increase in business revenue demands in the Middle, while insurance companies will also be under pressure to take measures in size and market share. Thus in the second half, especially the four quarters, probability of a rebound in banks and insurance companies is still relatively large. Recommended reading insurance weekly: concerning the 3.8 billion of life insurance selling "Department of China heard" asset endowment insurance of urban residents Bank agency insurance premium income in the first quarter fell by 15% investment and even insurance May average income-by 2.67% insurance professional intermediary hugely high growth gradually became the main channel in April before foreign insurance enterprises share fell below 3% cracked the trader password grasp the main trends of the present, changes in the life insurance industry as a whole are more concerned about the policy level. Specifically, commercial endowment insurance policies are considered to be "feel good". Because usually, basic old-age insurance, the enterprise supplementary old-age insurance and personal retirement income replacement rate of old-age insurance, 40%, 10%, respectively is ideal, however, China's social endowment insurance reform alternatives to determine the rate of basic pension insurance is about 20%, 60%, the enterprise supplementary old-age insurance, personal pension insurance no standards. Thus, commercial endowment insurance is considered to be major potential areas for the development of China's life insurance industry, regulators also actively fighting for the Central and local policy support to supplementary pension, markets generally believe that from the time of the policy drawing near. "Pricing interest rate release" was interpreted as "bad". Last July, China insurance regulatory Commission issued release traditional insurance pricing for comments of interest rates, resulting in insurance stocks tumbled, but there is no context. Low pricing does not release the traditional insurance rates, traditional insurance development will be severely limited, in the interest rate cycle, let go of control may be a matter of sooner or later. However, the Agency considers that, no significant rise in insurance investment income rate, dividends insurance and universal life insurance rates are not high case, currently there is no pressing reason to launch such a policy. Another had to important issues of concern, is whether the insurance sales to benefit from higher interest rates interest rate cycles and settlements. Four quarterly total interest rate 4 times since last year, 5-year deposit rates up 165bp-5.25%. The benefits of higher interest rates are, with the improvement of yields on bond interest, fixed-income return interval up; disadvantages the bond float is a short-term bond market fell led stock losses. But that can see, only harm once reflected in the accounting, and improving the benefits of the PCT will-by-quarter reflect, and maintained a long cycle. Universal life insurance is the most interest rate-sensitive products. Guosen securities, universal danger and the worst is past. Due to bond four quarters last year decreased by 3.9%, by 1.3% in the first quarter of this year, at the same time interest rates improve with time-delay, floating Ying unable to support the settlement rates continue to rise, led to China, peace, Turbo settlement interest rates significantly lower than the 3-5-year deposit rates. But this is changing, due to market on interest rate hike expected full, 2 trend of interest rates on bonds this year with no apparent effect, bond effects floating losses have basic digestion, while benefits of interest rate increase is expected to gradually come to the surface. The Agency expects universal danger and the worst is past.