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The Development Prospects Of Insurance Industry Are Promising In China(II)

Significant achievements in structural adjustment

In the first half of the year, the insurance industry was tightened. galvanized steel pipes On the last working day of 2017, the regulatory authorities issued the “Notice on Organizing and Developing Personal Insurance to Control Sales Chaos and Combat Illegal Operations”, which is considered by the industry to be mainly aimed at the “making a good start” chaos in 2018.

Facts have proved that the “making a good start” premium of the insurance industry in 2018 has been discounted as scheduled, and the situation that the “making a good start” premium in previous years accounts for half of the annual premium no longer exists, stainless steel pipes which also affects the growth of premiums in the next few months.

 

Take China Life as an example, in the first half of the year, the premium of China Life fell by 24.2% compared with the same period of last year, and the wholesale and due payments decreased by 50.3% and increased by 5.1% respectively.seamless steel pipes “The renewal business increased by 30.3%, the proportion of total premium increased by 13.1% to 65.2%, which highlights the transformation of China Life.





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