Auto USA Insurance

Insurance businesses in 2008 the first annual report issued yesterday, income has shrunk substantially. March 26, China Life was held in Beijing in 2008 the functioning outcomes of the annual seminar, in Hong Kong accounting standards-based presentation report displayed that as at December 31, 2008, China Life’s total buying into earnings of 30.24 billion yuan more than 2007 was down 61.4 percent; snare earnings of 21.28 billion yuan, comprising a 45.3 per hundred down turn in 2007. Solvency in 2007 from 525% to 310%.

Decline in snare earnings influenced by numerous components

Not perfect but for as early as the anticipated profitability of, China Life Chairman Yang Chao said in the seminar, as a outcome of the first half of the homeland in 2008 for the South skilled a catastrophe and iced rainfall and snowfall “5.12″ Wen chun large earthquakes, and are seldom glimpsed in the second half of the worldwide economic urgent position, making the procedure of the development of China Life is opposite unprecedented challenges. As of the end of 2008, China Life Insurance to pay a total of 11.916 million yuan reimbursement snowstorm, earthquake to pay a total of about 153 million claims; At the identical time, change of monetary and borrowing principle, exchange rates, alterations in interest rates, the cost of component charges conveyed about by alterations to their varying qualifications of impact.

As for the pointed down turn in solvency, vice leader of China Life Insurance Analysis Tak Liu sharp out that the deepness of capital markets directed to smaller buying into asset standards have fallen harshly identified and the fast development of the company’s enterprise is the major cause for the down turn in solvency.

It was in addition ushered in in 2008 a immense shock to global capital markets, China Life Insurance is not financial endeavour, and sub-loan critical purpose is right away connected to the offshore bonds, equities and derivatives.

Modest buying into in overseas

As can be glimpsed from the report in 2008, China Life’s buying into portfolio has altered substantially, which assertions buying into anecdotes for 61.4% equity buying into in 2007 from 23% to 8%. In the face of economic urgent position, the homeland life in time to adapt the buying into strategy. Germany, as asserted by Liu, the 2008 increment of the major assets in fixed-income share of species, encompassing infrastructure designs, for example assertions, but furthermore to respect some of the privileges and concerns of timely buying into earnings class, but furthermore slash interest rates before the boost of bank down payments and bond-type configuration. Nevertheless, the total buying into earnings was only 3.4%, and in 2007 was as high as 10.24%.

Investment strategy for 2009, Liu said Germany would adhere to the fixed-income assets based investment strategy, at the same time will more closely supervise the management of the new investment channels open to find, such as investment in infrastructure, invest in unsecured bonds, real estate investment, private equity investment opportunities for the new configuration. “We will seek a better level of investment income to make up for in 2009 will face pressure on profits.”

Tak Liu notified reporters that China Life would grab the new “Insurance Law” to expand buying into passages of protection businesses this beneficial opening, particularly for genuine land parcel buying into and infrastructure buying into is very welcome.

The report mentioned that in the overseas investment, will actively push forward the sound of overseas mergers and acquisitions and equity investments. Prior to this, China Life Insurance has announced it was abandoning a bid for AIG assets in Asia, Yang Chao in answer to a reporter’s question, said that overseas investment is the investment firm China Life Insurance direction, give up the AIA (AIA), does not mean that overseas investment is no longer China Life will do a good job in the domestic market on the basis of an appropriate investment overseas. Has now accumulated a lot of investment projects, the ongoing research in depth. At the same time, the listed company China Life has yet to strategic investors, hoping to find symmetric Yang Chao international strategic investors, but also require time and careful.

Unexpected advance in premiums

Sharp fall contrasted to a earnings of China Life in 2008 premium development was unforeseen, particularly in the Bancassurance conduit growth.

The report shows that in 2008 the original insurance contract premiums of 295.579 billion yuan of income than the same period in 2007 grew 50.33%. “This growth rate greatly exceeded the budget of the Board of Directors issued last year, the goal is 8% -10%.” Chao said such growth, mainly in the Banking and Insurance channels due to the entire market environment impact. He admitted that for such mixed results, because the majority of revenue is silver wholesale insurance to pay, not entirely in keeping with the development strategy of China Life position, but can not give up the channel.

Therefore, China Life has been aimed at in 2009 in alignment to accomplish a glossy scale of enterprise development, change of enterprise structure, to guard against operational dangers to determination business-oriented development strategy. Pay vigilance to the enterprise to evolve long-term time span, risk-based enterprise, as well as individual protection principles mostly to pay the operational stage dispersion. According to the briefing, the company’s protection universal rudimentary moratorium on the sale in 2009, and the cast fundamentally did not even dangerous.

Today, the People’s Insurance in Tianjin Binhai New Area transportation projects and debt investment plan to set up Tianjin People’s Insurance and business groups to build for the signing ceremony held in Tianjin. Tianjin Municipal Standing Committee, vice mayor of the Chinese People’s Insurance Group party secretary, Wu Yan, president and other leaders to attend. And the relevant government departments of Tianjin Binhai New Area, Coastal Construction Group will be responsible for investment, the Chinese People’s Insurance Group, relevant departments and branches in Tianjin, attended the signing ceremony.

It was educated that the obligation financial endeavour plan is pulled apart into 5-year, two 10-year, respectively, to hoist 5.0 billion, total 10 billion yuan Prospectus, Tianjin Binhai New Area to support the transport infrastructure ventures, is the indemnity capital of the Tianjin Binhai New large-scale financial endeavour in the “first single.” Insurance allegations supported on the above-mentioned strategies and regulatory prerequisites connected guidelines by the Chinese begun the establishment of security for the fresh creation of the indemnity development has a tough appealing aspect of the claims-based yield of fiscal innovation. As the venture progresses with the constancy, security, and longer-term characteristics for instance the use of indemnity finance and the pursuit of long-term constancy of the wants of the progresses, and the brand label gained from the PICC, after started by the indemnity development investors of all ages.

At the bond noting commemoration, Tianjin trusts to fortify acquaintances with the Chinese indemnity enterprise, commanded the fiscal development and the Tianjin Binhai New Area carried on to advance the complete might, research, service scope for and global competitiveness, in order that the development of the new local area of Tianjin in the move ahead to endorse the Beijing-Tianjin-Hebei and provincial monetary revitalization of the Bohai Sea, perilous circumstances to endorse interaction and coordinated development of countrywide economic procedure and play a bigger role. Paul said the Chinese population, the next step will be to entirely trust the development of Binhai New Area a sole surroundings, to play the comprehensive superiority, the full support of the makeup of Tianjin Binhai New Area and development, and with the Tianjin Binhai New Area in the capital and operational and enterprise characteristics of deepening co-operation Tianjin monetary and public development to give tough support.

In the Tianjin Binhai New Area People’s Insurance claims transport investment plan to set up projects at the same time, the Chinese People’s Insurance claims its services, equity investment platform - People’s Insurance Holding Investment Co., Ltd. and coastal construction investment for the Group signed a cooperation agreement, People’s Insurance Finance insurance branch in Tianjin and the Binhai also voted to build the Group signed a business cooperation agreement.

From the two protection monsters - China’s Ping An and China Life have been revealed in the Annual Report of outlook, contrasted to 2007, China’s Ping An and China Life will of buying into capital in 2008 were considerably reduced.

Ping An of China’s annual report divulged today present that in 2007 the total assets of Ping An of China to invest 441.3 billion yuan, of which the securities financial endeavour account is 15.627 billion yuan, up 3.5 out of 100 share. In 2008, though the expansion in total financial endeavour assets arrived at 464.665 billion yuan, but has fallen securities financial endeavour finance, to 13.443 billion yuan, accounting for 2.9%. Fund’s assets in 2008 than the 13.98 out of 100 worse in 2007.

Ping An of China said that the company’s mesh financial endeavour wages in 2007 from the 15.2 out of 100 advance of 16.268 billion yuan to 18.735 billion yuan in 2008, chiefly due to financial endeavour in fastened interest wages advanced due date. The rate of mesh financial endeavour wages in 2007 from 4.5% to 4.1% in 2008 chiefly due to securities financial endeavour finance is the stock yield income.

China Life Insurance from 2008 Annual Report of scenery, the company’s investment-based Ping An of China a comparable situation. In 2007, China Life Insurance 850.207 billion yuan of total financial endeavour assets, embracing securities financial endeavour account is 69.769 billion yuan, up 8.21 out of 100 ratio. In 2008, total assets of China Life to invest the matching seemed to develop, arriving at 937.098 billion yuan, but a noteworthy decline in securities financial endeavour finance, to 33.953 billion yuan, accounting for 3.62%. China Life said that the Fund’s assets than the 51.34 out of 100 worse in 2007 due chiefly to worse the extent down of capital markets, as well as the privileges and welfare of financial gatherings to lessen financial endeavour in due course.

In fact, from the closed-end funds announced by the structure of the top ten holders can see some clues. The end of the year 2008 in the closed-end funds in the top ten holders, insurance companies, the highest proportion of reduction of the base closures, accounting for the proportion of the overall size of closed-end funds fell by 6.91 percent.

According to Shenyin studies indicate that the reduction in the overall closed-end funds of insurance funds, the insurance companies look at the closed-end funds can be found changes in the investment, mainly large insurance companies to reduce the base closure.

One after another as part of shareholders to inject capital, worried land of six months of solvency of protection disperse melancholy. Our reporter was acquainted yesterday from the land of protection, a foremost shareholder in the last year the Group bought into 2.1 billion and then after a couple of days before, the soil afresh in the re-insurance assemblies, Ningbo Power, Datang International, Alliance for Innovation and Technology Beijing Song shareholders 4 907 million yuan co-injection. After the culmination of two rounds of capital injection, the soil protection listed capital will come to 4.72 billion yuan.

Insurance from the earth to be confirmed, with the exception of four shareholders of the above, the land of insurance remaining six did not participate in this round of capital to shareholders.

Insurance in recent years in various parts of the earth concentrate “Raiders to the city” is less than its last capital of the fuse. While hunger has been paid temporary solution, but not to incriminate himself had to pay into the next crisis, take the initiative to adjust the transition is a top priority.

Marked the starting of the transition effect. This reporter wise that, as asserted by the facts and numbers display that the first quarter of this year, the soil protection total premium earnings of 2.95 billion yuan, an boost of 3.1 per hundred, to entire 30% of-year plan. The first quarter, protection declarations, the total cost of the land for the 94.3 per hundred rate, the snare functioning money inflow of 280 million yuan.

Insurance companies in 2008 the first annual report released yesterday, revenue has shrunk substantially. March 26, China Life was held in Beijing in 2008 the operating results of the annual conference, in Hong Kong accounting standards-based performance report showed that as at December 31, 2008, China Life’s total investment income of 30.24 billion yuan more than 2007 was down 61.4 percent; net profit of 21.28 billion yuan, representing a 45.3 percent decline in 2007. Solvency in 2007 from 525% to 310%.

Decline in mesh yield changed by more elements

Not ideal but for as early as the expected profitability of, China Life Chairman Yang Chao said in the conference, as a result of the first half of the country in 2008 for the South experienced a disaster and frozen rain and snow “5.12″ Wen chun large earthquakes, and are rarely seen in the second half of the international financial crisis, making the operation of the development of China Life is facing unprecedented challenges. As of the end of 2008, China Life Insurance to pay a total of 11.916 million yuan compensation snowstorm, earthquake to pay a total of about 153 million claims; At the same time, adjustment of monetary and credit policy, exchange rates, changes in interest rates, the cost of factor prices brought about by changes to their varying degrees of impact.

As for the sharp decline in solvency, vice president of China Life Insurance Analysis Tak Liu pointed out that the depth of capital markets led to lower investment asset values have dropped sharply recognized and the rapid development of the company’s business is the main reason for the decline in solvency.

It was also introduced in 2008 a huge shock to international capital markets, China Life Insurance is not investment, and sub-loan crisis is directly related to the offshore bonds, equities and derivatives.

Modest investment in overseas

As can be observed from the report in 2008, China Life’s financial endeavour portfolio has modified highly, which allegations financial endeavour statements for 61.4% equity financial endeavour in 2007 from 23% to 8%. In the face of fiscal critical purpose, the nation life in time to acclimatise the financial endeavour strategy. Germany, as showed by Liu, the 2008 increment of the principle assets in fixed-income portion of species, embracing infrastructure strategies, for instance allegations, but in addition to award some of the privileges and welfare of timely financial endeavour wages group, but in addition slice interest rates before the advance of bank bank deposits and bond-type configuration. Nevertheless, the total financial endeavour wages was only 3.4%, and in 2007 was as high as 10.24%.

Investment strategy for 2009, Liu said Germany would adhere to the fixed-income assets based investment strategy, at the same time will more closely supervise the management of the new investment channels open to find, such as investment in infrastructure, invest in unsecured bonds, real estate investment, private equity investment opportunities for the new configuration. “We will seek a better level of investment income to make up for in 2009 will face pressure on profits.”

Tak Liu notified reporters that China Life would grab the new “Insurance Law” to expand buying into passages of protection businesses this beneficial opening, particularly for genuine land parcel buying into and infrastructure buying into is very welcome.

The report mentioned that in the overseas investment, will actively push forward the sound of overseas mergers and acquisitions and equity investments. Prior to this, China Life Insurance has announced it was abandoning a bid for AIG assets in Asia, Yang Chao in answer to a reporter’s question, said that overseas investment is the investment firm China Life Insurance direction, give up the AIA (AIA), does not mean that overseas investment is no longer China Life will do a good job in the domestic market on the basis of an appropriate investment overseas. Has now accumulated a lot of investment projects, the ongoing research in depth. At the same time, the listed company China Life has yet to strategic investors, hoping to find symmetric Yang Chao international strategic investors, but also require time and careful.

Unexpected advance in premiums

Sharp fall contrasted to a earnings of China Life in 2008 premium development was unforeseen, particularly in the Bancassurance conduit growth.

The report presentations that in 2008 the primary indemnity bond premiums of 295.579 billion yuan of wages than the matching interval in 2007 developed 50.33%. “This expansion rate highly exceeded the allocation of the Board of Directors distributed last year, the objective is 8% -10%.” Chao said such expansion, chiefly in the Banking and Insurance paths due to the every part of market surroundings impact. He accommodated that for such combined effects, because the bulk of profits is bright wholesale indemnity to pay, not wholly in retaining with the development approach of China Life location, but can not cease the channel.

Therefore, China Life has been targeted in 2009 in order to achieve a smooth scale of business growth, adjustment of business structure, to guard against operational risks to resolve business-oriented development strategy. Pay attention to the business to develop long-term period, risk-based business, as well as personal insurance policies mainly to pay the operational phase dispersion. According to the briefing, the company’s insurance universal basic moratorium on the sale in 2009, and the cast basically did not even dangerous.