Xinhua insurance premium income of the first seven months of this year over last year total

2008, is considered the development of China's life insurance industry 10 years to run the situation is most severe and complicated year, the risk management of unprecedented pressure on the huge, unprecedented challenges.

For Xinhua insurance, as "Kwan-incident" caused by a variety of uncertain factors are increasing the company's business development more difficult. But the adjustment has experienced many Xinhua insurance still strong and stick, did not slow down the pace of development and hold more in "value-oriented" At the same time, achieving a " fast" development.

Xinhua reporters from the insurance was informed that as at July 31, Xinhua insurance premium income reached 32.84 billion yuan, an increase of 93.4 percent. Only seven months, then over the whole of last year premium income.

First half of this year, domestic life insurance industry average growth rate reached 64.2 percent, setting a new growth industry in recent years high. However, this silver-propelled channels, investment-oriented insurance market take the lead under the high-growth industries also accumulated operational risks, regulators have worried.

"Xinhua is in the insurance business continued to optimize the structure, upgrade the quality of business, strengthen the building of the contingent, and other aspects of the great efforts and realize the value of high growth, Xinhua Insurance formed a unique competitive advantage and sustainable development capability." Company, one Executives said in the press.

January to July, Xinhua insurance business accounted pay period, the share of personal business, the share of new single-payment period and the period of payment accounted silver, and other indicators showed a trend of continuous improvement, including the new single-payment period accounted in the white-hot Market competition, raise last year was still more than two percentage points. Business structure optimization, a Xinhua sustained high growth of the biggest bright spot. The business structure is whether the good life insurance companies ability to achieve a virtuous circle and the key to continuing operations. The executives, optimize the business structure, a Xinhua perseverance of the insurance business strategy. Since 2008, in the rapid development of the business at the same time, Xinhua insurance more to strengthen the operational structure of the monitoring, to ensure that the business structure of the scientific and rational, sustainable optimization.

The first half, Xinhua personal insurance business accounted payment of 98% in the banking agency business, also actively promote the sale of payment products, at present, the Bank of payment business has become the company's new business growth. To the end of July, Xinhua period of payment of the insurance business than the same period last year 706 percent. Xinhua signs and the quality of the renewal of insurance premiums Second, Third, Fourth reached rate, the rate to 13 months, both companies to achieve the best levels in history, comprehensive surrender rate, the payment rate than the same period last year improved significantly. This series of data, are marked Xinhua insurance business continued to upgrade the quality.

In business development, the Xinhua insurance insist insurance protection function and value-oriented growth, increase protection of the coverage of products and vigorously develop the traditional and dividends risk, especially with Xinhua characteristics of the "coverage" dividend risk. Since 2008, companies and individuals operating in the traditional insurance accounted always maintain the dividend in more than 95 percent. At the same time, in view of the market since the 2007 vote even dangerous, dangerous universal demand of the situation, Xinhua Insurance established a customer-oriented demand, the development of appropriate strategies, in some part of the regional channels and even dangerous to vote, the development and universal insurance Sales.

For life insurance companies, sales continued to improve the quality of the contingent, is the foundation of the company bigger and stronger. Xinhua insurance through a series of measures to strengthen the sales team-building, strengthen the quality of education sales, the company's sales force size and capacity upgrade in varying degrees. At the same time, business sales team silver and rapid expansion of the system-wide senior financial planner has more than 1,000. For the second half of the business development laid a solid foundation for the human, and effectively enhanced the potential for sustained development.

"Since 2008, the company achieved a high-value business growth, business value and always maintain more than 30 percent growth. Xinhua Insurance spokesman, director of the Center for Strategic Management Sun Yuchun said:" The fast-changing market, but . Life insurance company's business is Bainiantaiji, must place the stable, healthy, and coordinated development of the first place, to achieve comprehensive competitiveness and enhance the capacity of sustainable development. The Xinhua Insurance, adhere to the value of the development line growth and achieve fast development is that we respond to changes in the market of the same strategy. We also adhere to this, access to the market returns. "