Universal insurance, the Insurance Regulatory Commission to prepare the universal insurance fee change

Taobao online sales insurance of the big head ——— Universal Insurance, is encountering collective down.

South all reporter discovered yesterday, following the Guohua life, Shujiang, Hong Kang Shou, letter Thai life insurance company 4 days Cat store shut down, other risk enterprises also have a financial type insurance. South Reporter statistics of 31 personal insurance companies, there are only 5 insurance companies in Taobao Day Cat Shop also has the universal insurance in the store.

At present, 50 personal insurance companies to carry out the network sales business, the first half of the network marketing channels sold tens of billions, of which, the main product of life insurance NET is universal insurance, premium income accounted for up to 90%. Yesterday, Taobao is still selling the universal insurance, and expected income has dropped to about 5%. However, the company's official website, still selling universal insurance products.

Universal Insurance products all over the shelf

As an important network sales channel, the official Taobao store is an important external window. Reporters in the south are statistics of 31 personal insurance companies, there are only 5 insurance companies also have the universal insurance (Kunlun Health, DONGWU, former Haishing, Li-An, auspicious). In addition, including the Pacific Insurance, People's livelihood insurance, Great Wall life, Tian an life, and all life, Taikang and ping An insurance, including 7 of the risk, although the page shows the category of rational Insurance no products. And the other 19 insurance companies simply do not see the "Trace" of financial management insurance, mostly health insurance, accident insurance products mainly.

Taobao currently on sale of the universal insurance products only have Kunlun health insurance, the expected annual return on income is still 6%, the rest of the expected return of about 4%. Benefit from other universal insurance, last week, the Kunlun Health Universal insurance products to buy a sharp increase. Data show that as of yesterday 15 o'clock, the total sales of 558,742 copies of the product, the premium reached 558 million yuan. Only yesterday's data 247 people bought 8371, the premium reached 8.371 million yuan.

In addition to Guohua life, Shujiang, other companies in the official online insurance products are still normal sales. An insurance company in Shanghai said to reporters in South China, the net sales of products to clean up the network sales business supervision and upgrade. The supervision of the shot is not expected, the supervision of the high level of the network sales insurance too much emphasis on income, ignoring the security function, too much emphasis on marketing to express dissatisfaction. Companies to take the initiative of the next financial-type insurance, will be compared to regulatory requirements for rectification, and so on when the time is ripe, and then back to the shelves.

The first half of the net sales of more than billion

"Supervision attaches importance to the rapid development of network marketing channels, some small and medium-sized insurance companies in the bank to protect channels after the obstruction, the more resources began to switch to network channels." "Since 2000, China has launched its official website Direct sales channel," said a senior executive at a medium-sized Shenzhen insurance company. Shortly thereafter, Taikang online and a large number of insurance companies opened the official website. So far, more than 50 insurance companies have net. ”

Interestingly, some insurance companies desperately to open up the official network channels, but the official website sales data is only 5, 500 million yuan, far lower than through third-party channels to achieve the premium income of 9.707 billion yuan.

China Insurance Industry Association recently released the first half of personal insurance network sales data show that in the first half of 2014, there are 50 personal insurance companies launched a network sales business. These companies through the Internet channel sales of the annual scale of 102.1.1 billion yuan, of which, two quarters of rapid growth in premiums, reached 7.5 billion yuan, is 2.7 billion yuan in the first quarter 2, 78 times times, growth nearly twice times. Among them, life insurance net sells the main product is the Universal insurance, the premium income accounted for 90%.

The first half of personal insurance industry premium income of 7671.300 million yuan, through the network sales channels for the sale of products accounted for 1.33%, each thousand yuan premium income has about 13.3 Yuan from the net products, compared to the first quarter per thousand dollar premium 5 3 yuan increased by 8 yuan, an increase of up to 151%.

Beijing, a large insurance company's deputy general manager of the Wind control department, said that the Internet insurance with its convenient, efficient, low-cost features, as a useful supplement to the traditional insurance system, has a huge potential for development, but its rapid development also contains the risk can not be underestimated.

"The first half of this year has achieved 10 billion yuan, but this only accounts for about 1% of the traditional insurance sales." In foreign countries, Internet insurance accounted for 30% of the traditional insurance premiums, the domestic insurance network sales is clearly just beginning. "For the network marketing channels, these people maintain strong confidence."

CIRC prepares universal insurance fee for Change

Last week, the chairman of the Circ Xiang combed the current insurance risk characteristics. It includes five risks, such as high cash value business risk, solvency risk, maturity payment and retreat risk.

Xiang clearly pointed out that the insurance policy acquisition cost is high, some insurance companies exist the capital utilization risk is big, the short money use phenomenon, even expands the new business, causes the capital cost to climb. To cover these costs, the insurance company will allocate a large amount of funds to real estate, infrastructure claims, unlisted enterprises equity, trust and other non-standard assets, investment style is radical, and even illegal investment.

In the past two years, the insurance network sales hot, some small and medium-sized insurance companies through the network channel to introduce high cash value insurance products. But as the scale of the product expands, solvency touches the regulatory red line.

"On the one hand, the high income of financial management products, on the one hand, the constant slump of return on investment of insurance companies, so that the situation of the ice fire double days, will undoubtedly increase the operating pressure of the risk enterprises, but also will force the insurance companies to invest in the radical, increase risk." "A beijing-based insurance industry analyst told reporters to the south," the level of domestic insurance industry differentiation is very serious, such as China Life, the first echelon of Ping An insurance company to occupy a considerable share of the domestic insurance market, small and medium-sized insurance companies can only rely on financial-oriented products to attract attention, And increasingly deviate from the insurance industry to provide the nature of risk protection, which is a common phenomenon in the industry. ”

The deputy general manager of the company's wind control department said the Internet insurance contains unique derivative risks. The main customer base of Internet insurance lacks the specialized knowledge and the ability, the economic loss endurance is limited, the panic mood and the liquidity risk can enlarge rapidly in a short time, which will lead to the more uncertain cash outflow of the small and medium-sized insurance companies.

For the current net sell the most prosperous universal insurance, the CIRC is preparing the universal insurance fee to change. Following the release of the new rules of high cash value products, the CIRC recently issued a revised version of the actuarial provisions of universal insurance to the personal insurance companies. The latest stance of the CIRC: the reform will be introduced in the year.

Reporter Liang