Insurance industry casualty rates this year at about 20%

Recent industry recently, several companies announced a premium notice May 2011: casualty, ping an property, Turbo PICC, PICC property casualty in January-May the cumulative premiums income up, 36.2% and 10.9% respectively. Life insurance, under the new accounting standard Turbo cumulative January-May of life insurance premium income increased by 11.5% over, Taiping life under the old accounting standards the cumulative premiums reduced by 8.4% over, and according to our estimates, cumulative size premium income growth of 22.8% of ping an life insurance in January-May this year. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends of property insurance business strong growth momentum of industry analysis. Rapid growth of the first half of 2011 property insurance business, expected annual property insurance premiums low middle high growth first and last. Made this judgment of logic is: a is new car acquisition tax offers policy in last year end due, this led planned this year early (Qian February) car who ahead of to last year end (Hou February) purchase, thus last year last February of production insurance premium high growth overdraft has this year Qian February of growth; II is data authenticity supervision strengthening led part production insurance company end human reserved premium of habits was change. These two factors are leading to higher premium rates by the end of last year, while slowing premium growth in early, but came to see the effect for the whole year will gradually become smaller, growth is expected in 2011 the annual property insurance premiums will remain at about 20% of a high level. Valuation and recommendation China Turbo (601,601, unit) and ping an of China (601,318, unit) implied a new multiplier has only 6 times in the business times, continued down a very small space, and because new business value growth rate higher than the market expected, is expected in August six months results disclosure will have on the valuation of repair as a catalyst. Taking into account the China Pacific property insurance contribution to profit ratio, and the value of new business for the first half of 2011 is expected to grow higher than peace and life, we recommend a short-term strategy. (CICC)