share_log

12月27日保险日报:机构对保险股调研热情跌至冰点

December 27 Insurance Daily: institutional enthusiasm for insurance stock research fell to a freezing point

新浪財經綜合 ·  Dec 26, 2021 21:02

  The enthusiasm of institutions for the research of insurance stocks has dropped to a freezing point.

Research is a routine operation before institutional investment, and the frequency of research is also an important embodiment of the market heat of listed companies. From the perspective of insurance stocks, institutions have "no enthusiasm" for their research this year, which is relatively rare in recent years. Even in 2020, when the insurance industry has been hit hard by the epidemic, there will beShen WanhongyuanTianfeng SecuritiesAnd so on 11 institutions have investigated the insurance stock.

Behind the "flight" of insurance stocks by institutions, the growth of the insurance industry has stagnated for a long time. According to the latest data disclosed by listed insurance companies, the cumulative premium income of the top five listed A-share insurance companies reached 2.31 trillion yuan in the first 11 months, down 0.62 percent from the same period last year. Among themChina Life Insurance Company LimitedPICC of ChinaPing An InsuranceChina Pacific InsuranceNew China Life InsurancePremium income increased by 1.2%, 2.2%,-5.2%, 0.8% and 1.7% respectively over the same period last year.

The continued downturn of premiums is the result of the "internal and external difficulties" of the insurance industry. From the perspective of internal causes, after years of extensive development, the contradiction between supply and demand in the industry has become increasingly prominent. From the perspective of external factors, due to the impact of the COVID-19 epidemic, the domestic economic growth has slowed down, and the demand for insurance for residents has decreased significantly.

Industry insiders believe that as early as 2018, the insurance industry has appeared a growth inflection point. After 2018, the growth rate of premiums in the life insurance industry began to slow down. Annuity products and serious illness insurance products, which have created the most important new value for life insurance companies, have declined in the past three years, high-value life annuity insurance has basically disappeared in the market, and the period for selling annuities is getting shorter and shorter. serious illness insurance is also weak because of too fierce competition.

  Whether or not to supervise and supervise the ability of red-line old-age insurance institutions

  With the increasing aging of China's population, it has become a must-answer for the insurance industry to better integrate commercial old-age insurance into the old-age security system. On December 24, the Bancassurance Regulatory Commission issued the notice on standardizing and promoting the Development of Endowment Insurance institutions (hereinafter referred to as "the notice"), delineating the "what can be done and what cannot be done" of old-age insurance institutions, such as making it clear that they should strengthen their pension attributes. at the same time, it is also required to divest the insurance asset management business that has nothing to do with pension, and reduce the pressure to clean up the existing short-term personal old-age security management products.

From the perspective of development orientation, the notice makes it clear that old-age insurance institutions should be positioned as specialized old-age financial institutions, further highlight the characteristics of old-age care, optimize services such as old-age financial planning, capital management and risk protection, and enhance their long-term service capacity. establish and improve the internal management system in line with the characteristics and development requirements of pension financial business. As for the business direction of old-age insurance institutions, the Circular proposes to promote old-age insurance institutions to focus on developing businesses that reflect the nature of old-age pension, such as commercial old-age insurance, old-age security management and enterprise (professional) annuity fund management.

A reporter from the Beijing Business Daily combed and found that at present, there are 10 registered commercial old-age insurance companies in China, including Guoshou pension, Taiping pension, Ping an pension, PICC pension, Taikang pension, everyone's pension, Xinhua pension, Yangtze River pension, Hengan standard pension and national pension that has not yet started business.

  The latest data of the Bancassurance Regulatory Commission show that the function of insurance protection has been brought into full play.

According to the latest data released by the Banking and Insurance Regulatory Commission a few days ago, from January to October 2021, the insurance industry achieved a cumulative premium income of 3.91 trillion yuan, an increase of 3.2 percent over the same period last year; the amount of insurance provided was 9411.43 trillion yuan, an increase of 29.26 percent over the same period last year; and various reparations and payment expenses were 1.27 trillion yuan, an increase of 16.52 percent over the same period last year. The year-on-year growth rate of the insurance amount provided is nearly 10 times that of the premium income, and the year-on-year growth rate of various compensation expenses is more than 5 times that of the premium income year-on-year growth rate.

On the whole, with the promotion of the Bancassurance Regulatory Commission, since 2021, the insurance industry has continued to give full play to its risk protection function, and the supply of insurance products to meet the diversified security needs of the people has been further enriched. the ability to participate in social management and serve the real economy has been further improved.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment