Banking, securities and insurance are the three sons of the financial industry, which are related to the lifeline of the country and must be controlled by the state. Just as many banks in the banking industry are state-controlled, so are insurance companies in the insurance industry. For example, China PICC Group, China Life Insurance Group, China Taiping, China Xinbao and China Reinsurance Group. Many of them are insurance giants listed in Chinese mainland, Hongkong and even new york.
First, PICC: * * He Guo's eldest son
Many friends often compare PICC to life insurance. In fact, China People's Insurance Company is called PICC for short. Generally speaking, it means protecting the whole group, just as peace means peace.
With trillions of assets, PICC Group is one of the top five insurance companies in Chinese mainland, with more than 65,438+00 companies. PICC Group owns property insurance, life insurance, health insurance, endowment insurance and reinsurance licenses, and it is PICC P&C that won the old brand of "China People's Insurance Company". PICC Life Insurance was founded in 2005. Compared with China Life Insurance and Taikang, they are junior.
The popularity of PICC is far from safe and long-lasting. This may be related to the low cost of advertising. According to statistics, in 20 17, China Ping An, China Life Insurance, Pacific Insurance and Xinhua spent 27 billion yuan on advertising expenses, with an average of 74.07 million yuan per day. People's Insurance Company of China (PICC) has never entered the top four advertising expenses in the past four years.
Second son, China Life: Doing business at a loss.
China Life Insurance, China Life Insurance for short, is the insurance endorsed by Yao Ming. China Life is also an insurance company engaged in comprehensive finance, holding various insurance licenses. According to the data of China Life Insurance official website, the company was born out of PICC Life Insurance Co., Ltd. In 2003, China Life Insurance Company was restructured into China Life Insurance Group and China Life Insurance Co., Ltd., and China Life Insurance Group took over the divested non-performing assets and listed the national joint-stock company. The father of the Ministry of Finance subsidized a sum of money for China Life to digest this bad debt.
The bad assets of China Life should start with the high-yield insurance policies in the 1990s. 1997, affected by the financial crisis, the central bank lowered the deposit interest for seven times. However, during this period, insurance companies sold a lot of high-yield insurance to ordinary people. Later, the insurance company found that it was a loss-making business and suffered a huge "spread loss".
Third, China Taiping: National Brand
With a history of nearly 90 years, China Taiping Insurance Group, which started from the surging 1929, is the oldest local insurance brand in China. Headquartered in Hongkong, China Taiping has 24 subsidiaries, covering half the world. According to the data of China Taiping official website, during the period of 1956- 1999, Taiping mainly did business abroad. 200 1, China Taiping returned to the mainland to start a business.
Some friends will confuse Taiping Insurance with Pacific Insurance, but they are actually different companies.
China Xinbao: My father gave me a golden rice bowl.
China Export Credit Insurance Corporation, born in 200 1, deals in state-owned insurance policies, such as various export credit insurance, overseas investment insurance and domestic trade credit insurance. These insurance products in their family are rarely touched by ordinary people, so I won't talk about them here.
Verb (abbreviation of verb) China Reinsurance: the first brother of domestic reinsurance.
I once said that insurance companies will also buy insurance. Reinsurance company is an insurance company that sells insurance to insurance companies and shares risks with insurance companies. Insurance companies with weak strength can buy insurance from reinsurance companies if they sell high-quality products from payout ratio and are afraid of losing them.
Reinsurance companies with strong domestic strength, including China Reinsurance Group. This giant, the reinsurance scale premium ranks first in Asia and eighth in the world. The registered capital of Zhongzai Group is 36.408 billion yuan. The father of the major shareholder is Central Huijin Company, and michel platini is the Ministry of Finance.
Zhongzai Group has several subsidiaries at home and abroad, including Zhongzai Property Insurance, Zhongzai Life Insurance and China Dida Insurance.
In the insurance circle, China Life Insurance, Pacific Insurance, Ping An, Taikang and New China Life Insurance are called "the fifth family". Among them, China Life Insurance and China Ping An have been fighting for the throne of domestic insurance, neck and neck. Next, we will tell their stories. China Life has been introduced before, so I won't go into details.
First, China Ping An: a small expert who made a fortune.
Ping An started in Shekou 1988, Shenzhen, engaged in comprehensive finance, and its main businesses include insurance, banking and investment. In the eyes of shareholders, Ping An is undoubtedly a good company. Millions of insurance agents and rising stocks have made a lot of money for shareholders. The net of peace is very big, and it earns a lot of money. In the first quarter of this year alone, China Ping An earned 654.38+087.5438+03 billion yuan, more than China Life Insurance.
In the insurance circle, Ping An is notoriously shrewd. However, the wise man was also planted in a fight. In the 1990s, Ping An also sold a large number of high-return insurance policies, which caused great spread loss. In 2008, China Ping 'an staged "Fortis Robbery" and "Additional Issuance Gate", the share price fell and the investment shrank sharply. ...
However, it was the investment-linked insurance storm around 2000 that brought the greatest lethality to Ping An. For Ping An, this is a disaster, which has caused unprecedented damage to Ping An's reputation.
Coupled with the high marketing costs, their family's housekeeping products are safe and blessed, and the brand premium rate is so high, which has become the hardest hit area for everyone to vomit, and there may be some ulterior secrets.
Second, Taikang: enclosure health care market
Taikang, an old insurance company, was established in 1996. Taikang's profitability is not bad, ranking first in the first quarter.
In addition to insurance, Taikang also does asset management and pension community business. At present, the insurance companies in the community for the aged include Taikang, Evergrande Life Insurance and He Zhong Life Insurance. Taikang 12 community businesses for the aged have promoted sales on different platforms.
In the first half of the year, Taikang also spent more than 2 billion yuan to acquire 5 1.56% equity of Baibo Medical, which was accused of being interested in digging deep into the big health market.
Third, Xinhua Life Insurance: Once it takes over, its market value now exceeds 100 billion.
Xinhua Life Insurance was founded on 1996 and listed on 20 1 1, with a market value of over 100 billion. In 2002-2003, Xinhua Life Insurance expanded wildly. In one year, we set up 25 branches and 65,438+005 branches to quickly complete the national layout. Today, the sales network of insurance companies covers almost all provinces, municipalities and autonomous regions in China.
Xinhua Life Insurance is also an enterprise that is too big to fail. At that time, executives misappropriated a large number of assets and internal management was chaotic. Xinhua Life Insurance is facing a major crisis. With the "emergency rescue" of the insurance guarantee fund and the introduction of foreign shareholders, Xinhua Life finally successfully restored its business order.
Whenever some insurance companies have negative news about executives, or their solvency is lower than 100%, and some salesmen spread rumors that these insurance companies are going to close down or go bankrupt, this veteran always likes to mention the takeover of Xinhua Life Insurance: the salesmen who spread such rumors simply despise China's insurance supervision system.
Fourth, Taibao: Dad is a state-owned enterprise in Magic Capital.
Pacific insurance, which is very active in the eyes of ordinary people, is referred to as Pacific Insurance in the industry. This company started at 199 1. In the early years, the big boss was Bank of Communications, and now the big shareholder is a Shanghai state-owned enterprise with strong financial resources.
As early as 1999, when the central bank cut interest rates for seven times in a row, CPIC, like China Life Insurance and China Ping An, sold too many high-interest policies and suffered from "spread loss".
Taibao is also one of the listed companies. However, CPIC has been listed for several years. From the beginning, to the crazy expansion, and then to the listing, CPIC also suffered from insufficient solvency and interest rate losses.
There is a joke about "Laowujia": avoiding Ping × Life Insurance is equivalent to avoiding 30% of the pits, and avoiding "Laowujia" is equivalent to avoiding 70% of the pits in the insurance industry ... This statement is somewhat exaggerated. It is also a critical illness insurance. Taikang also has good products such as Le Anxin, Le Ankang and health appointment. Life insurance, PICC also has excellent term life insurance, which is carefully selected by PICC and is said to be the favorite product of actuaries. Ping An, which has been spit out, also has very good products of safety, health and safe old-age care. Ping an e life insurance and Shenzhen critical illness supplementary medical insurance have good reputation.
Terms are the life of insurance. When buying insurance, you should read more terms and less advertisements.
To register an insurance company, you must pay at least 200 million yuan in real money-insurance companies have no small companies. So do domestic insurance companies. Shareholders are usually large enterprises that dominate the country, or state-owned enterprises that are cash-strapped. These domestic life insurance companies have a registered capital of over 10 billion yuan, a sales network all over the country and good products, such as Tianan Life Insurance and Huaxia Life Insurance.
Huaxia and Tianan, with registered capital of 654.38+0.53 billion and 654.38+0.45 billion respectively, rank 6th and 7th among life insurance companies. Registered capital, but the real money invested by the shareholder's father. Being so rich, of course, is related to the fact that both companies have big money owners behind them.
1. Tianan Life Insurance: Tear off the label of "Bone Dragon"
Tianan Life Insurance was founded in 2000 as a joint venture insurance company. Later, the foreign mother divorced China's father, and Tianan became an insurance company in China.
Tianan Life Insurance, a boy of 18 years old, was accused by the outside world of not making money for more than ten years. There is a saying in the insurance industry called "seven losses and eight gains", which means that insurance companies may be in a state of burning money seven years before opening, and may make money in the eighth year. According to the data of Tianan Life Insurance in official website, the company entered the profit cycle in 20 15-it is no longer a "bone turning dragon". Others can make money by raising a "bone dragon" for 8 years, and his shareholder father has raised 10 for more than 0 years, and his ability is not average.
The money earned is not as much as the "fifth family", but Tianan Life's share of money is very refreshing. At present, the annualized income of Tianan's universal insurance products is around 4.0%-5.65%, which is much more than that of many "old five families".
From the data point of view, Tianan Life's service is also improving. For example, in terms of claim limit, Tianan Life's average claim limit in the first quarter was 1.2 days. In March, China Ping An Life Insurance Company of China North Branch 1.24 days, other "Laowujia" were slower than China Ping An Life Insurance Company of China North Branch. Is Tianan's claim limit wide for the whole quarter?
Second, Huaxia Life Insurance: the dark horse of the insurance industry
Huaxia Life Insurance was established in 2006, with total assets of 440.5 billion yuan in 20 17 years. This company is great. After 1 1 year, the premium income has reached the top ten in the industry.
Huaxia Life Insurance is not as famous as the "old five", but the rate of return is enviable. According to statistics, among the life insurance companies, China Life Insurance ranked in the top ten in 20 17. Before universal insurance made money, Huaxia Life was criticized. Now this company is undergoing transformation, which makes people look forward to it.
Third, Xintai Life Insurance: Jiangnan "rich family"
Xintai Life Insurance was established in 2007 with a registered capital of 5 billion yuan. Generally, the headquarters of established insurance companies like to be located in Beijing, and the headquarters of Xintai Life Insurance is in Hangzhou. The shareholder's father is a private enterprise, and we regard her as the "daughter" of a wealthy businessman in Jiangnan. At present, Xintai Life Insurance has nearly 20 branches, mainly distributed in economically active coastal provinces and cities.
There are many excellent insurance companies in Chinese mainland, such as Evergrande Life Insurance, Hongkang Life Insurance and Centennial Life Insurance.
O Evergrande Life Insurance was born in 2006, and its shareholder's father is Evergrande Group. Evergrande has real estate projects all over China. Evergrande, like Vanke Group and Country Garden, is a well-known large-scale housing enterprise.
O Centennial Life was born in 2009, with Wanda Group as its major shareholder and Wanda Group under Wang Sicong.
O Hongkang Life Insurance, founded on 20 12, mainly conducts business through e-commerce, bank insurance and intermediary channels. The settlement speed is fast, and the single case insurance amount is very high. This is a very attractive company.
After China joined the WTO, foreign capital poured into the mainland. According to the regulatory rules at that time, foreign companies and mainland companies jointly set up life insurance companies, holding the total shares of the company, and the proportion shall not exceed 565,438+0%. As a result, a large number of joint venture insurance companies have emerged, such as Sino-British Life Insurance, Sino-Italian Life Insurance and Hengan Standard Life Insurance.
Foreign companies that entered the mainland in the early days are all insurance companies and financial institutions with a long history in various countries. Most of the mainland companies "married" with these giants are powerful state-owned enterprises and banks.
1. This bank is a joint venture insurance company.
In 2009-20 12, five major banks, including Bank of China, successively acquired different insurance companies with strong capital strength. For example, Bank of Communications Holdings Zhongbao Kanglian changed its name to Bank of Communications Kanglian Life Insurance; Agricultural Bank of China controlled Jiahe Life Insurance and changed its name to Agricultural Bank Life Insurance. Since then, these banks have not only issued loans, but also opened insurance companies.
1. ICBC-AXA Life Insurance: Half-French.
The most talked about is ICBC AXA Life Insurance. Born in 20 12, this mixed-race baby has excellent genes and a well-off family: China's father is the largest commercial bank in the universe-Industrial and Commercial Bank of China, michel platini is China Minmetals Group, and the foreign mother is the largest insurance group in the world-French AXA Group.
2. Everbright Life Insurance: China-Canada mixed blood
Everbright Life Insurance, born in 2002, is 16 years old. China Everbright Group, China Ordnance Group and Anshan Iron and Steel Group, the Chinese shareholders of the company, are among the top 500 enterprises in the world. Canada's Yongming Finance is also an established financial institution, 1865 started, 153 history.
Two. Time-honored joint venture insurance company
Since ancient times, marriage has paid attention to "matching the right family", and so has foreign companies coming to the mainland to "propose marriage".
1, Tongfang Global Life: Gao Fushuai of scholarly family.
Tongfang Universal Life, born in 2003, is of mixed blood between China and the Netherlands. The current father is Tsinghua Tongfang, a listed company in Tsinghua University, specializing in high-tech projects, covering five continents. Never heard of Tsinghua Tongfang. You must have heard of Tsinghua University, right? Tongfang's global mothers are Dutch Global Life Insurance Group and Multinational Life Insurance Group.
2. Sino-Italian Life Insurance: Mom 190 entered the business.
In 2002, China Oil and Gas Group married Italy Zhongli Group, and Sino-Italian Life Insurance was born. China's favorite father, PetroChina, is a well-known central enterprise, ranking fourth in the 20 18 Fortune 500. Zhong Yi's mother Zhongli Group 183 1 made a fortune, specializing in insurance and asset management for nearly 190 years.
3. Sino-British Life Insurance: My mother's family has been well-off for 300 years.
Sino-British Life's shareholder base is profound: Grandpa is COFCO, a central enterprise, with a well-off family. COFCO, the largest grain, oil and food export company in China; Mom, Aviva Group, the sixth largest insurance group in the world, is a 300-year-old shop.
4. Hengan Standard Life: British background and ingenious production.
Hengan Standard Life Insurance, an insurance company established in 2003. The company has a sound management style and currently has 10 branches. Hengan standard, Chinese-funded dad is a state-owned enterprise in Tianjin; The foreign mother is the British Standard Life Aberdeen Group. Standard Life Aberdeen Group is one of the largest investment companies in the world and one of the FTSE index companies in the UK. Look at those companies in SSE 50 and feel the strength of Hengan Standard Life.
5. ruitai Life: It's worth knowing again.
Ruitai Life, born in 2004, is a 14-year-old boy, whose grandparents are Fortune 500 companies. His grandfather is China Guodian Group, one of the five largest power generation groups in China. His grandmother is a member of British Health Care Group. She started in 1845, and now 170 years old. Qiwei Group is also one of the FTSE 100 index companies in the UK. Based in London, it provides financial services to Asia, Africa, Europe and America.
6. Fosun Prudential Life Insurance: Chinese-American mixed blood.
In 20 12, Fosun Group successfully joined hands with Prudential Financial Group of the United States to give birth to Fosun Prudential Life Insurance.
Fosun group, media friends commented: I don't earn much, but I am a grandfather in every field; Looking at Fosun's investment map, I get dizzy. Prudential, 1875 Start Insurance, the largest life insurance company in the United States, is a financial giant with a history of 140 years.
Fosun Prudential is a life insurance company. He has a brother who specializes in health insurance. His name is Fosun United Health. Fosun United's critical illness insurance is more cost-effective than the products of Laowujia, and even Hong Kong insurance can't compare with him. In addition, the company's five-year medical insurance has a good reputation in the industry.
Foreign insurance company
At present, foreign insurance companies are very common in Chinese mainland, such as AIA, CITIC Prudential, Hong Zhong Life Insurance and China-US Metropolis.
1, AIA: mainland rich harvester.
AIA is an insurance company listed on the Hong Kong Stock Exchange, which mainly conducts business in Southeast Asia. 1992 AIA went back to the mainland to do insurance, and now it has branches in four provinces and cities in the mainland.
AIA's old mother AIG is a financial dinosaur. The image of AIA's external publicity is that the company operates steadily. However, when the subprime mortgage crisis broke out in 2008, AIG, AIA's former mother, was overwhelmed by selling too much high-risk debt insurance and almost died. The American government borrowed a sum of money from AIG for emergency. AIG later sold AIA and other assets to pay off its debts. So now AIA is headquartered in Hong Kong and has nothing to do with the United States.
AIA has an indelible influence on the development of insurance industry in mainland China. Two things have to be mentioned: bringing the insurance agent system to the mainland and opening the agent's "Pandora's Box" from now on; In 2006, it was questioned that the critical illness clause was unreasonable, which led to a class action lawsuit of the insured, and the "Standard for the Use of the Definition of Disease in Critical Illness Insurance" was published. Since then, insurance companies have sold critical illness insurance to ordinary people, and they dare not steal anything when using 25 kinds of high-risk and serious diseases in the specification table.
AIA's mechanism of selecting agents is intended to pick out "big fish". Companies such as Ping An have low barriers to entry, and all the "big fish" and "small fish" are taken. AIA has raised the threshold and screened out agents in high-net-worth social circles to facilitate the promotion of packaged high-premium products.
AIA Mainland version of critical illness insurance is about 20-30% more expensive than Hong Kong version. For the same amount of money, buying a product with stronger protection function from the same company can increase the protection amount by about 50% compared with buying a whole friend for life (double protection).
Seeing this, AIA's colleagues have to say that AIA is a century-old shop, and Tongfang is a small company that is prone to bankruptcy. When AIG almost died, Tongfang had a mainland insurance regulatory system to "protect itself". I won't go into details.
2. Allianz Insurance Group: the leader of global rescue.
Germany Allianz Insurance Group, one of the best insurance giants in the world. As early as the late 1990s, Allianz entered the mainland insurance industry through joint ventures. Through joint venture, Allianz has obtained licenses for life insurance, property insurance and health insurance. In addition, Allianz, like companies such as Meiya, is also a global rescue leader.
Recently, Allianz headquarters responded to the news of opening a wholly-owned insurance company in the Mainland. What impact will it bring to the mainland insurance market? Wait and see.
It is impossible to introduce hundreds of insurance companies one by one. I just want to use this article to explain that in the big family of insurance companies, the CBRC is an old man and its regulatory status is beyond challenge. All insurance companies are subject to the same supervision and legal binding force, and the industry has strict access conditions, comprehensive process control means and orderly repaying mechanism.
There is no need for salespeople to attack the security of other companies. The operation of insurance companies and even the sales behavior of salesmen are under the eyes of the CBRC.
Ordinary people, instead of worrying about the scale of insurance companies, are more concerned about whether they have found reliable people and whether the products they buy are suitable for them.