第2个回答 2009-05-28
Financial crisis in the insurance intermediary
John cena
In the short term insurance intermediaries to survive more pressure from the insurance industry itself, financial intermediaries on the crisis in the industry have a direct impact is limited. These include a limited impact, originally planned in the near future listing of intermediaries may be extended indefinitely; global capital markets in the doldrums, so that the listing and other financing are more difficult to obtain venture capital and additional investment cost will be higher. □ Wang Jin By the time the U.S. loan crisis triggered by the financial tsunami from the United States has spread to the global financial crisis the industry has penetrated into the real economy and lead to a global economic recession. Many well-known economists believe that the crisis in the breadth, scope, and the degree of hazard than the 1920s crisis of the century occurred. In the face of this crisis, governments around the world have made a very timely response and have implemented a series of measures and policies to save. The positive impact of financial crisis The global insurance industry The crisis on the global insurance industry has an enormous negative impact. The world's largest insurance group American International Group (AIG) suffered a crisis of bankruptcy, and the U.S. government to enable it to rescue a huge linger. According to estimates, there are a number of insurance companies to invest in huge losses of mortar nests, within two years if the global capital market is not big improvement, the insurance companies will be very difficult to support the insurance payment. From the breadth and depth of the crisis point of view, the global economy and capital markets recovery may take longer. Pessimistic, over the next two years, on a global scale, or there will be more difficult and even insurance companies into bankruptcy. Insurance intermediary is not optimistic about the situation. Marsh (Marsh), Aon Corporation (Aon), Willis (Willis), and other institutions in the same period a profit decline, the stock fell. In the economic globalization, China's insurance industry could not escape the global financial crisis, the direct impact. China Ping An Group's overseas investment is almost tragically, the loss of their need to be able to make up for the operation of a number of years. The insurance industry is also part of the domestic investment significantly from last year's surplus into a floating Fukui. Insurance misfortunes never come singly, part of the investment loss, or part of the underwriting loss or gave birth to the potential risks. In 2008, the Insurance industry's underwriting losses almost certain, and life insurance company through various channels for a large number of sales even dangerous, such as universal insurance to investment-oriented insurance are no huge risks. If in the next few years can not have a certain amount of investment income, perhaps to a certain point in the future to cover the outbreak of the crisis may lead to further life insurance company bankrupt a domino effect. Professional insurance intermediary In the short term survival pressures Leaving the marketing and insurance agents and industry, professional insurance intermediary companies from the three main categories: insurance agents, insurance brokers and insurance adjuster. As we all know, in the insurance industry, professional intermediaries are very small and weak. Over the years, through insurance agents and insurance brokers for the realization of the total premium size of the premium has not been able to break 3% of the public insurance assessment companies in coastal areas to play a role in the development of the Midwest and Northeast are very difficult. From the figures, the professional insurance intermediary for the insurance industry contribution to the small, almost negligible. Professional insurance intermediary for the insurance industry with its limited contribution to the commitment of the insurance and related functions. Insurance is basically all-round organ, the actuarial, product development, product sales, a single, nuclear security, scheduled for loss, claims, investment and so on all the functions of its direct sales business difficult to achieve, agents and brokers to help their bodies to complete, the agent Brokers and agencies of its direct sales only added functions. Public service is also estimated insurance claims of the department added. In many cases, customers need a strong, or insurance claims department is difficult to operate, the public insurance assessment will be invited. It is clear that if the insurance company to maintain its "large" the functions of the professional insurance intermediary to the development of the space is very limited. In the short term, insurers will continue its "large" system. Strengthen the direct sales business is still in, for example, the Insurance companies are still greater efforts to promote direct telephone business, life insurance companies also continue to expand its marketing team. In the direct extrusion business, led by auto insurance agent to increase the pressure to survive, led by life insurance agents must be more life insurance salesmen in direct competition, the industry is still in the loss of state agents Companies, operating in the short term will be even more dismal. Insurance agents and brokers industry a little different, top 50 brokers in approximately 80% of all shareholders to support a strong background or context of foreign investment, these companies completely dominated the brokerage industry. Shareholders do not support the context of foreign investment and brokerage firm, do not have to face old colleagues, but also insurance companies and direct face-to-face competition advantage does not exist, to survive together, to mention development. In addition, the financial crisis in the insurance industry under the adverse investment policies to cover benefits the poor, in regard to insurance payment is likely too severe, which often affect the agency's service quality, easily lead to the loss of policy holders on the agency's confidence and trust. At the same time, insurance companies and their harsh on the commission paid by the inertia of the agency may have a negative impact. Parts of the insurance companies may even join forces, compression and the public commission estimated the cost ratio, which not only damage the interests of the intermediary industry, but also hindered the intermediary service innovation is not conducive to policy holders for the agency to provide better, more comprehensive insurance Services. As a result, within a short period of survival intermediaries more pressure from the insurance industry itself, financial intermediaries on the crisis in the industry have a direct impact is limited. These limited the impact of the original plan in the near future, including the listing of intermediaries may be extended indefinitely; global capital markets in the doldrums, so that the listing and other financing are more difficult to obtain venture capital and additional investment cost will be higher. Bigger and stronger insurance industry Can not do without intermediaries All walks of life can not be separated from the development of intermediary institutions. The emergence of various types of intermediaries and prosperity of the market to lower transaction costs and improve market efficiency, greatly promoted the development of all walks of life and global competitiveness.
The insurance industry in developed countries, insurance companies will not only become bigger, stronger, the agency also very strong, very well-developed. The development of intermediary institutions need specialization in accordance with the insurance company's request to reduce operating costs and improve operational efficiency as the goal, some of the functions of a transfer. "Large" is based on cost-efficiency and low cost, to break the "large" system, insurance companies will be able to radically reduce operating costs, out of the underwriting loss for the difficulties emerging from the shadow of financial crisis and enhance core competitiveness, Will be able to show in the international arena plan. Although the domestic professional intermediaries is also very weak, but is fully capable to assume certain functions of the insurance sector. Shenzhen's insurance sector to pioneer the first transfer of vehicle accidents Gusun functions to the people too, led by an assessment of the public sector to grow rapidly in the near future. Practice has proved that the domestic and foreign insurance companies to shift some of its non-core functions of the first to benefit from the insurance companies, policyholders can get better service, an intermediary to get the healthy development of the industry; intermediary and the healthy development of the industry, in turn, further reduce the insurance companies The cost of outsourcing services for the insured to provide a better service. And other industries, the insurance industry specialization is the trend of the times, but also insurance companies to lower operating costs, increase efficiency in the one and only way. If the insurance companies to gradually transfer the sales, a single, Gu Sun, claims, risk management, customers and even some of the functions such as actuarial, to maintain its core competence, more professional intermediaries, such as generation, a single company, estimated the public, Set loss, detection, security management, actuarial, and other companies will soon emerge and development of the insurance industry, the principal will have a stronger competitive edge, industry-wide decline in operating costs, improve service levels, the whole society on the insurance industry Greater confidence and trust. Prudential case, the insurance industry not only bigger, stronger, but also will become the envy of everyone's career high.