The insurance profit has tripled.
In the first half of this year, the insurance market continued to maintain a good development trend, and it is estimated that the profit of the insurance industry will increase by more than 2 times. The whole industry realized the original insurance premium income of 65.438+037025.3 billion yuan, up by 654.38+09.27% year-on-year, and the growth rate decreased by 654.38+0.5 1 percentage point year-on-year. The estimated total profit is 229.784 billion yuan, up by 654.38+0541740,000 yuan, up by 203.
According to the analysis of the China Insurance Regulatory Commission, the performance in the first half of the year was driven by two wheels, and the policy embedded value, comprehensive cost ratio and investment benefit all contributed significantly to the profits.
For example, the underwriting profit of the property insurance industry increased by 95% year-on-year, and the proportion of agricultural insurance, liability insurance and guarantee insurance in the business structure increased rapidly, which can not be ignored. In the life insurance business, the agent has become the largest channel of the original insurance premium income, surpassing the bank-mail channel for the first time, which is an important symbol of the business structure transformation. In terms of types of insurance, ordinary life insurance accounts for 44%, breaking the situation of dividend insurance for the first time.
Tao Wei, an analyst at BOC International Securities, believes that since the insurance industry did not fully enjoy the investment income brought by the equity market in 20 14 years, the proportion of equity investment in this industry continued to increase after 20 15 years. On the one hand, it has more motivation to promote the sales of insurance products, on the other hand, it can provide more competitive returns for products.
By the end of June this year, the balance of insurance funds reached 10.4 trillion yuan, and the income was 5105.1200 million yuan, up 168.5% year-on-year, with an average yield of 5. 16%.
Big data will become the core competitiveness.
In fact, Internet insurance, whether it is marketing channels, insurance products, business models or services, is a series of innovations arising from the application of Internet technology in insurance activities. As Wei said, "If the current competition in the Internet insurance market is mainly reflected in the networking of original channels and product scenarios, then in the next stage, big data will be the core competitiveness, and the application of blockchain will subvert the entire format."
Although the current internet insurance is booming, the more it is, the more it needs to be calm. "In order to meet the growing demand for diversified insurance services in society and continuously expand the development space of the insurance market, we must look at insurance outside insurance." Li Kemu, member of the Standing Committee of Chinese People's Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission, said that there are indeed some problems in the rapid development of the insurance industry. Some insurance products violate the basic principles of insurance, are gambling in nature, have unreasonable pricing, and confuse the boundaries of innovation. The information disclosure of some products is insufficient, and the nature of insurance products is weakened.
"In the long run, based on the in-depth application of big data, risks will be more accurately perceived, measured and measured. The deeper, clearer and more appropriate people's understanding of risk is, the stronger their risk awareness will be, and the demand for risk management in the whole society will increase. " Luo Sheng believes that there are two kinds of restrictive factors in the development of Internet insurance. One is the basic environmental conditions, and the other is the social rules system. It can be seen that insurance companies have no inherent advantages in technology, and the mode of complete outsourcing is not the best choice. Therefore, how to establish a technical environment that adapts to the company's cost pressure and business needs is a realistic problem in the process of insurance company's internet. It should be said that the establishment of the Internet ecology is a long-term process, and it also faces competition from other participants inside and outside the ecology. For an open ecological platform, it takes time to explore how to split and deconstruct insurance business processes, how to absorb embedded insurance processes and basic business processes, and how to establish flexible management and business mechanisms.
Leading normative development with regulatory innovation
Some insiders commented that although insurance is a sunrise industry, it is also a relatively mature and stable system. However, because Internet insurance is still in its infancy, breaking ground and growing period, it is even more necessary for the insurance industry to keep pace with the times, take regulatory innovation as the guide, and promote the standardized development of insurance innovation. There are more new achievements in supervision concept, supervision system, supervision means and supervision tools.
For how to innovate the insurance industry, Li Kemu put forward three principles: first, "protect the surname"; Second, adhere to the bottom line thinking and do a good job in risk prevention; Third, adhere to people-oriented and demand-oriented. Regarding how to grasp the direction of innovation, he believes that "it is necessary to focus on serving the structural reform of the supply side of the country, innovate the insurance business model by means of new technologies and new processes, and at the same time take regulatory innovation as the guide to promote the development of insurance innovation norms."
"For the traditional insurance industry, we should be fully prepared for the transformation." Luo Sheng pointed out that in terms of subdivision, Internet insurance may have a faster impact on health insurance and property insurance, a slower impact on life insurance and wealth management insurance, a greater impact on underwriting business and enterprise operation, and a smaller impact on capital utilization. He suggested, first, to make strategic preparations. Internet insurance companies should be highly sensitive to changes in the market. At the same time, because internetization involves a series of internal and external adjustments of the company, it is necessary to formulate a strategy that truly meets the company's own needs and can be implemented. Not only should we take a long-term view, but we should also plan ahead. The second is to choose the mode of transformation. The migration to Internet insurance is a process that needs to be decomposed and sorted. Some companies adopt the basic principle of immobility and try in individual fields while making progress. Some have promoted overall and gradually transformed; Everything else is going on at the same time, both guerrilla warfare and positional warfare. No matter which way is adopted, the company should design and choose according to its own situation, so as to achieve overall coordinated development. The third is to find the right entry point. Different companies have different ways to cut in, and large companies should strengthen their competitiveness with IT capabilities as the core.