The large-scale landing insurance industry has entered a stage of deepening application. Industry insiders suggest strengthening technological cooperation and ecological development, as well as enhancing the training of composite talents.
①Large-scale models help insurance companies transition from equal management to reduced management; ②The most difficult part of AI innovation in the insurance industry is the building of compound organizations; ③More and more asset management institutions are replacing investment analysis work with a combination of human and intelligent systems.
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The first three-quarter report of the insurance industry! Ping An Life Insurance and Health Insurance new business value increased by 34% year-on-year. Industry assessment: there is still a significant increase space in the proportion of equity investment
①In the first three quarters of 2024, Ping An Insurance achieved a net income attributable to the parent company of 119.182 billion yuan, an increase of 36.1% year-on-year; ②Ping An Insurance's new business value in the first three quarters increased by 34.1% to 35.16 billion yuan; ③In the first three quarters of 2024, Ping An Insurance's insurance fund investment portfolio achieved an annualized comprehensive investment yield of 5%.
Li Yunze: Supports insurance institutions that meet the conditions to establish new securities investment funds. Currently, many insurance companies have submitted relevant applications.
Li Yunze stated that he supports financial assets investment companies to play a greater role in supporting technology innovation. Currently, the scale of the new batch of 18 pilot cities' signed intention agreements has exceeded 250 billion yuan.
Investment performance is good! China Life, PICC, and Ping An have all announced positive profit forecasts. The net profit for the first three quarters is expected to increase by over 60%. Many overseas asset management companies are bullish on insurance
①Four listed insurance companies have announced good news, with the net income attributable to the mother increasing by more than 60% in the first three quarters; ② On October 16, international investment banks raised the target price of multiple insurance stocks; ③ In the past month, jpmorgan has repeatedly increased its shareholding in Ping An, while blackrock has increased its position in China Life and PICC.
Relaxing residential mortgage loan conditions, resolving the issue of 'subdivided units', the Hong Kong property market welcomes multiple major bullish factors.
①"Relaxing mortgage restrictions has indirectly reduced initial expenses, lowered the entry threshold, and removed mortgage restrictions based on property prices or usage. It is believed that this measure will attract market demand and foreign capital back to the Hong Kong property market." ②" It is expected that the number of first-hand property transactions in October may reach 3,000 units, potentially hitting a new high in nearly 7 months, and property prices are also expected to stop falling and rebound in the fourth quarter."
How is the participation rate of 500 billion yuan convenience tool insurance in the exchange? Leading insurance companies speak out, strengthen policy detail research and make full use of tools.
①China Life Insurance stated that it is necessary to strengthen the detailed research on policies, fully utilize the swap convenience tools; ②It is important to combine the actual situation in terms of asset-liability structure, solvency constraints, medium and long-term allocation strategies, stability requirements of returns, equity allocation ratio, etc., to formulate investment and financing strategies that meet its own characteristics and requirements, and flexibly use swap convenience tools.
Insurance funds are accelerating portfolio adjustments, ping an insurance-related private equity funds plan to reduce shareholding in two gem companies, at least 6 listed companies in this round of market have been reduced by insurance funds.
①CIMC Vehicles and Range Intelligent Computing Technology Group, two gem companies, disclosed on the same day that they are expected to be reducing their holdings by multiple private equity fund shareholders, all of whom are related to Ping An Insurance. ②Recently, insurance funds have accelerated their portfolio adjustments, with at least six A-share companies being targeted for shareholding reduction in this round of market trends. ③On October 9th, several leading insurance companies made statements, stating that they will further leverage the role of the capital markets as a "stabilizer" and "booster".
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establishing securities, fund, and insurance companies to facilitate mutual exchange, supporting eligible securities, fund, and insurance companies to obtain liquidity from the central bank through asset pledging, significantly enhancing the ability to raise funds and shareholding capabilities in stocks; 2. Establishing a special refinancing facility for share buyback, guiding banks to provide loans to listed companies and major shareholders, supporting share buybacks and shareholding in stocks.
Taking advantage of negative electricity prices! A major transformation is happening in the global electrical utilities market...
①Nowadays, when some consumers use electricity, they often can also earn money; ②During most of this spring and summer, Dutch resident Jeroen van Diesen has been 'rewarded' by using electricity.
Ping An Insurance's Xie Yonglin: Insurance capital is a prerequisite for becoming patient capital, and industry reform and innovation are still needed to enhance the long-term investment quality and effectiveness.
In Xie Yonglin's view, "long cycle", "high stability" and "large scale" are the three important characteristics of insurance funds, which also constitute the prerequisites for patient capital. Compared with other patient capital, the actual use of insurance funds also faces three major challenges.
The suspension of sales is driving! In August, the premium for personal insurance in the five major A-share insurance companies skyrocketed, with Xinhua and PICC Life's monthly growth rate exceeding 90%.
1. Under the effect of "suspension of sales", life insurance new policies did not decrease in August. 2. In the month of August, New China Life Insurance and China Life Insurance saw a staggering year-on-year increase of 122% and 95% in premium income. 3. In the month of August, Ping An Life Insurance, China Life Insurance, and Taikang Life Insurance saw a year-on-year growth of over 25% in premium income.
The third "国十条" of the insurance industry has activated the trillion-dollar retirement financial market. The direction of the development of the three-pillar retirement insurance has been determined!
① Vigorously develop commercial insurance annuities to meet the diversified retirement protection and long-term financial planning needs of the public; ② Encourage the development of new products and exclusive products that adapt to the individual pension system; ③ Support pension insurance companies in conducting commercial pension business and promote the development of exclusive commercial retirement insurance.
Head insurance asset management profit remained stable with slight increase in the first half of the year, but the industry is generally concerned about increased pressure in the second half of the year. "Stocks and bonds both face challenges."
① According to multiple insiders in the insurance asset management industry, the investment performance of various institutions in the bond market improved in the first half of the year. However, the subsequent challenges of the stock and bond markets will test the investment capabilities of these institutions. ② Some industry experts pointed out that currently, it is difficult to invest in non-standard (products). The latest data shows that the business of innovative products in insurance asset management contracted in the first half of the year, and the issuance of non-standard bond rights is still in a downward trend.
Ping An Insurance's mid-term earnings conference response to market hotspots: future product structure will focus on dividend insurance, increase long-term interest rate bonds, and closely follow the dumbbell combination of national new productive forces.
① In the first half of the year, Ping An Insurance achieved a net income attributable to the parent company of 74.619 billion yuan, a year-on-year increase of 6.8%. ② The net income attributable to the parent company of Ping An Life Insurance and health insurance sector reached 50.6 billion yuan, accounting for nearly 70% of the group's profit. ③ Ping An Asset Management business achieved a net profit of 1.685 billion yuan, a year-on-year decrease of 14.7%.
Ping An Insurance's net income attributable to shareholders in the first half of the year increased by 6.8% year-on-year, and the new business value of life insurance increased by 11% | Financial Report News.
In the first half of the year, the group achieved a net income attributable to shareholders of the parent company of 74.619 billion yuan, and announced a mid-term cash dividend of 0.93 yuan per share to shareholders.
Adjustments are imminent! Many agency platforms are facing a wave of delisting for dozens of old products with a reserved interest rate of 3% on insurance products.
Ant Insurance, Huize and other insurance agency platforms have released reminders that nearly 30 insurance products with a 3% reservation rate will be taken off the shelves at the end of this month. Industry insiders have analyzed that after the reservation rate is lowered, the yield of savings-type products will decrease by approximately 14%, while premiums for guarantee-type insurance such as critical illness insurance are expected to increase by 20%.
The five major listed insurance companies in China received a total of 1.95 trillion yuan in premiums in the first seven months, with a mixed growth rate in life insurance. Who is falling behind?
Five A-share listed insurance companies had a total premium income of 1.95 trillion yuan in the first seven months of this year, an increase of 3.49% year-on-year. The premium growth rates of three companies' property insurance businesses were all above 4%. The premium growth rate of life insurance business showed a differentiation, with a situation of three positives and two negatives, which is mainly related to the company's active optimization of business structure.
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