As we all know, the insurance industry is the industry with the greatest integrity, and the requirements for integrity are particularly strict. Because the insured only gets a worthless policy after insurance. If the insurance company goes bankrupt, the insured will not get a penny. Therefore, although there are many insurance companies in society, especially the smaller ones, they will offer preferential prices to attract the public to take out insurance there. But now the development speed of the insurance industry can not be ignored, and no one can easily judge the future of these small-scale insurance companies.
China's insurance system is not perfect and the system is not perfect. It is no exaggeration to say that it is in the primary stage of insurance. The insurance industry has been emphasizing that "the next decade will be insurance golden decade" when training new people. In this decade, China's insurance industry will advance by leaps and bounds. "All of us have been looking forward to the real development of the insurance industry in China. It's not just the annual increase in insurance premiums.
It is hoped that insurance companies and CIRC can consider from the public's point of view and formulate a sound insurance system, so that the insurance industry can develop well and the public can see hope. The basic function of insurance is to help customers spread risks and share losses. Insurance companies make reasonable investment in insurance funds and gain profits through the time difference and quantity difference between premium collection and insurance payment. Therefore, insurance is basically a market system born on demand. However, since insurance itself has disappeared in Chinese mainland for nearly 40 years, people can only understand it from scratch. In the process of insurance development, some people do take advantage of the opportunity that people don't know much about insurance to deceive and mislead. This requires the further development and popularization of insurance knowledge. When people can generally get the benefits of insurance, it will naturally take root in people's hearts.
? 20 18 China insurance industry development trend and market prospect forecast 201710 the original insurance premium income of the industry was 3,238.88 billion yuan, up 19.9% year-on-year. Since 20 17, the growth rate of original premium has shown a downward trend, but the decline rate has narrowed month by month. From 1 to 1, the original premium income of personal insurance was 2,379.904 billion yuan, a year-on-year increase of 19.0%, which was lower than the overall premium growth rate. Among them, the original premium income of life insurance was 65,438+0,986,5438+0.56 billion yuan, a year-on-year increase of 26.2%. Since 2065, 438+07, the growth rate of life insurance premiums has also shown an obvious downward trend, but the growth rate is better than the whole. The original premium income of health insurance was 3842. 1 billion yuan, up 5.33% year-on-year. Since June 5438+ 10, the growth rate of accumulated health insurance premiums has shown an obvious downward trend, and the growth rate has improved since September. The original premium income of property insurance was 79,665,438+0.1billion yuan, up 65,438+03.4% year-on-year. Since June of 1 year, the cumulative premium growth rate of property insurance has been on the rise.
In terms of premium ratio, as of June 5438+00, with the continuous increase in the cumulative original premium rate of property insurance, the proportion of property insurance premiums also increased steadily during the year, reaching 26.5% by June 5438+00; Personal insurance premiums accounted for 73.5%, and personal insurance premiums accounted for more than 70% during the year, which is still the main contribution of industry premiums. Among them, the contribution of life insurance premium ranks first, accounting for 81.1%; Health insurance accounts for 15.7%, and accident insurance accounts for 3.2%.
From 20 14 to 20 17, the growth rate of accumulated original insurance premiums in the insurance industry decreased (100 million yuan).
Source of data: public information.
The cumulative premium growth rate of the original insurance in the industry is lower than the history, but it is still at a good level.
Related Report: The Report on the In-depth Investigation and Investment Strategy of China Insurance Industry from 2065438+07 to 2022 released by Zhiyan Consulting.
In terms of monthly premium, life insurance: premium income maintained a steady and positive growth compared with the same period of last year. In 20 17, except for 5,438+00 in June, which decreased by 4.9% year-on-year, all other months achieved positive year-on-year growth, among which the premium growth rate of 5,438+00 in June increased by nearly 40%. The months with low growth rate are April, June and 10. We judge that the reason is that the release of the new universal insurance regulations in the first half of the year affected the premium growth, and the new regulations of June 10 came into effect, which superimposed the end-of-season effect in the third quarter, resulting in a lower premium growth rate in March; Health insurance: The year-on-year growth rate of health insurance premiums dropped significantly at the beginning of the year. However, with the focus of supervision on promoting insurance surnames, insurance companies attach importance to the sales of guaranteed products. With the gradual switching of products, the year-on-year growth rate of health insurance premiums improved from July to June. Property & Casualty Insurance: The growth rate is obviously better than last year, especially since the second half of the year, and the year-on-year growth rate has remained at a high level. As insurance companies vigorously develop non-car business, the growth rate of property insurance is expected to continue to maintain a good level in the future.
In terms of market share, platform insurance companies are restricted by strict supervision, and the concentration of life insurance industry has improved. From the perspective of life insurance, with the supervision of universal insurance and short-term high-priced products strengthened by the regulatory authorities since 20 16, and the scale of premium growth of platform insurance companies with rapidly expanding liabilities has been compressed, the market share of large insurance companies has increased since February 20 17. Compared with life insurance, the market share of premium income of property insurance companies has not changed much, and the CR7 of property insurance is stable at around 80%-8 1% during the year.
In the afternoon, with the firm regulatory policies and the return of insurance business, it may be difficult for the industry premium growth rate to reach the previous high point. In terms of life insurance, the financial attributes of future insurance products will be weakened, and the product guarantee attributes will be highlighted. Listed insurance companies have advantages in life insurance product design and agent channel sales ability, and there is still room for market share of listed insurance companies. In terms of health insurance and accident insurance, it conforms to the regulatory policy, and the guaranteed business benefits. Listed insurance companies vigorously develop the guaranteed business, and the future business premium will be improved; Property insurance, with the deepening of commercial fare reform, the premium growth and cost control of auto insurance business are under pressure, and large insurance companies are relatively less affected than small and medium-sized enterprises; Generally speaking, under strict supervision, listed insurance companies benefit relatively from small and medium-sized insurance companies, and their market share is expected to increase.
The concentration of industry life insurance has increased.
Source of data: public information.
Under the background of the return of insurance business, the premium income of universal insurance fell by over 50% during the year. In recent years, the China Insurance Regulatory Commission has issued Document No.22, Document No.76 and Document No.2014. 134 successively. Due to the continuous strengthening of the supervision of short-and medium-term products by the China Insurance Regulatory Commission and the introduction of new personal insurance regulations this year, universal insurance has been frustrated and the scale of premiums has been shrinking. During the year, the new payment of guarantee investment of life insurance companies dropped to the highest level in recent years, and the new payment of guarantee investment of life insurance companies dropped by 565,438+from June to June. At the same time, the income proportion of traditional insurance products remained at a high level during the year, indicating that the proportion of original premiums to scale premiums remained at a high level. In June, 5438+0- 10, the original premium income of personal insurance accounted for 8 1.3% of the scale premium income. Although it decreased slightly compared with the first few months, it was at an absolute high level in recent years, and the trend of industry insurance business returning to the source of protection was remarkable.
reference data
Zhihu, Zhihu [citation time 2018-1-19]