The continued decline in earnings for insurance even passed their prime

As the bear stock market slump triggered by the net value of investments, investment and insurance products are no longer even Xiang Bobo. At present, most of the market for insurance products that are not even there have been large losses, and even in some areas there have been storm surrender. The industry believes that the market downturn, it is also difficult to individual insurance companies by changing the product sales strategy to increase the performance of insurance companies operating in adverse situation will continue, investors should be strengthened to protect the products of choice To play a good asset savings.



Loss of insurance products to expand



In the stock market remains in the doldrums with the situation, the pre-performance sound insurance products, there have been large losses. According to statistics, in the first half of this year, the insurance companies in the Bank of security risk even for products, only the company's individual-account money is being proceeds, the remaining losses have been across the board. The loss is the least-bond investment accounts even, but the average loss amounts to 3.92 percent, and a loss of 20-30 percent of the accounts is common. Sino-De-linked to the introduction of the product, for example, the current Kim's family for five insurance accounts have emerged in a loss situation. Growth accounts for nearly a month to a loss of 5.3 percent, balanced accounts for nearly a month to a loss of 3.4 percent, the growth of wealth accounts for nearly a month was also a loss of 5.1 percent, financial-account balance is also a loss of 3.4 percent.



Sino-De-linked losses is not the case, the lives of Life, Haikang insurance, and Taiping Life Insurance Company and many other products, there have been varying degrees of losses in some areas while there have been losses as a result of over-investment and surrender. Ruoshi in response to market, the Sino-British Life, Haier New York Life, Ping An Life Insurance, and so turn to the wind direction, to push universal insurance. In mid-July, in view of the huge fluctuations in the domestic stock market, the Sino-British life in the mid-stream will pay for universal insurance innovative attempt to introduce a new combination of universal insurance, the product will be universal insurance gold wholesale payment litchi B with a view to pay a variety of security functions Additional risk together with a view to safeguarding the stability of the income customers. Although the universal insurance, insurance dividends at the end of a certain degree of security, but the long-term insurance policy holders in order to achieve maximum benefits if the earnings decline on the surrender, or frequently receive cash proceeds will be affected. The industry believes that the current market turbulence, a serious lack of consumer confidence, insurance products are not optimistic about the outlook for earnings.



Difficult to change short-term market weakness



August statistics show that both the country life, large insurers such as Ping An, Taikang or, Xinhua, the second-line insurers such as peace, and its premium growth has slowed significantly, and just down the implementation of the deposit interest rate and interest-free Levy interest tax, making the insurance companies listed on profit margins squeezed by the obvious. Ping An of China (26.22, -0.08, -0.30%, right) growth in life insurance in August than in July dropped 14.3 percent; China Life Insurance (19.68,0.58,3.04%, it) was down 3.1%, and Xinhua Life Insurance, Taikang Life Central were more than a drop of 33% and 38%. The turning point of growth in premium income has surfaced. Orient Securities researcher Wang Xiaogang that, as the market continued to slump in the fourth quarter of universal insurance settlement rate would be reduced to 4% decline in annual life insurance premium income will be no dispute.



The capital of Economic and Trade University professor in the Department of Insurance that Tuo Guozhu, accompanied by the adjustment of domestic and foreign financial markets, the insurance market in the short term improvement is difficult, therefore, investment-revenue insurance products does not look good. He said that the various insurance companies hardly have a clear product and market positioning, the insurance products of the Rush situation will continue. At present, domestic insurance market in the main body of more, many companies are anxious to universal insurance, risk sharing, the potential market demand and the nature of the demand for insurance has not been a good meet, so we can not mobilize the enthusiasm. He suggested that regulators need to promote the protection of product development, market turmoil in the background, the play features the essence of insurance.



Multi-configuration of security products



Xinhua Life Insurance, said that insurance products are more long-term rather than short-term plan to safeguard the operation of the market, the insurance should bring into full play the function of saving rather than investment effectiveness. He said that the more we demand is to preserve and increase savings rather than to earn investment income, the assets of insurance companies should not do the conversion, but the design of more security products, stable markets and consumer confidence. He noted that the risk of death, accident insurance for all residents to provide more protection, however, because of low rates, insurance premiums earned less, we do not have R & D investment and the driving force, which requires regulatory and related agencies To carry out food for thought.



In addition to the allocation of more security products, the industry also believe that insurance companies should focus on product sales in the operational risk should be related to products sold to a corresponding risk tolerance, in order to better avoid surrender of the storm again.