20 10 On February 26th, China Insurance Regulatory Commission approved Anbang Property Insurance Co., Ltd. to reorganize Ruifu and change its name to Harmony Health Insurance Co., Ltd. (namely Harmony Health Insurance). At the same time, Anbang Property Insurance is required to take effective measures as soon as possible to improve its solvency and effectively protect the interests of the insured. Anbang Property Insurance also confirmed that it has considered increasing capital, and plans to increase the capital of Ruifu by 297 million yuan to 594 million yuan. Anbang Property Insurance Co., Ltd., which has received two insurance licenses in succession, is highlighting its collectivization plan and will face multiple challenges of increasing capital and operating "health insurance and life insurance". In the process of moving into Reford, Anbang also found some unsatisfactory places, such as "after work, the phone is in a voice state and no one answers". This is obviously not in compliance with the regulations. The life insurance business service specification promulgated by the CIRC also requires avoiding this "bad habit". In addition, it also includes the slow process of claim settlement and surrender, which affects the quality of service. "These bad records will not appear in Harmony Health Insurance Company in the future." A related person from Anbang Insurance said, "We are deliberately building an innovative health insurance company that meets the market demand and respects the concept of health management." However, due to the policy and market bottleneck of the health insurance market, health insurance is not popular. Except PICC health insurance company, other health insurance companies have suffered great losses. "We have a feature that we like to hire talents from outside the insurance industry, because our thinking may solidify after staying in an industry for a long time." A person in charge of Anbang Property Insurance said that the reason why Anbang Property Insurance can make a profit in a short time depends on the innovation of business ideas. Grouping challenges this property insurance company established in 2004 with the background of state-owned central enterprises. Its shareholders include Shanghai Automotive Group Co., Ltd. and China Petrochemical Group, with a registered capital of 5 1 100 million yuan. 20 10 At the beginning of February, the CIRC formally approved the establishment of Anbang Life Insurance Company. It is reported that the company will be jointly established by Anbang Property Insurance, Zhejiang Innovation Automobile Sales Co., Ltd., China Unicom Leasing Group Co., Ltd., Biaoji Investment Group Co., Ltd. and Zhejiang Zhonglu Infrastructure Investment Group Co., Ltd., with a registered capital of RMB 500 million and a registered place in Beijing. The proposed chairman and general manager is Chen Ping. The preparation period of the company is one year. The relevant person in charge of Anbang Property Insurance said that Anbang Insurance will not only move towards integrated operation, but also set up a group company in the future. Property insurance, life insurance and health accident insurance will be operated separately, but they all belong to Anbang Group. According to sources, after several years, when conditions are ripe, Anbang will also consider listing the group. Professor Wang, director of the insurance department of Beijing Technology and Business University, said that the comprehensive operation and collectivization of insurance companies is an inevitable trend of the development of the insurance industry. International experience shows that some companies will split if they merge for a long time, and some companies will be merged if they split for a long time. It is difficult to evaluate the results of a single company's future collectivization alone, depending on the company's own resource positioning and cost reduction needs. "However, the development trend of China insurance companies is still collectivization." Anbang's collectivization strategy conforms to this trend. As for how to control the risk of collectivization, the above-mentioned Anbang insiders said that the key lies in the establishment of the fund management system and risk control mechanism of each subsidiary in the future and the establishment of a "firewall" between them. He said that although there is a life insurance preparatory group at present, there is no specific action in the talent layout of life insurance companies. "the biggest feature of anbang is that it has not paid attention to premium income and scale since its establishment, but has paid more attention to profit indicators. After the collectivization, it also advocates the concept of operating profit first and pursues connotation value. " The above-mentioned Anbang official said.
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