How is China s reinsurance market now? 5

It's best not to buy, put the money in the bank is the most reliable, I often read the newspaper that life insurance has the most mysteries, when you want to make a claim, the insurance company has more than 10,000 reasons to not give you a claim anyway, even if you lose it, it is a lot of twists and turns. Insurance is really painful, and it is more painful to use it, so forget it and not buy it.

I can't say that, but the two are related.

China Reinsurance (Group) Co., Ltd. is a state-owned reinsurance group company established in 2003 on the basis of the original China Reinsurance Company with the consent of China Insurance Regulatory Commission and the approval of the China Insurance Regulatory Commission, with a registered capital of RMB 3.9 billion.

Over the years, China Reinsurance Company has been performing the functions of a national reinsurance company and playing the role of the main reinsurance channel in China's insurance market. In 2003, China Reinsurance Company carried out shareholding reform and established China Reinsurance (Group) Company.

As the main sponsor and investor, China Re Group has successively initiated and established China Property Reinsurance Co., Ltd., Chinese Life Reinsurance Co., Ltd.****, China Dadi Property Insurance Co., Ltd.****, China Re Asset Management Co., Ltd.****, China Insurance Press Co., Ltd.****, and Huatai Insurance Brokers**** with a number of well-known insurance and non-insurance companies at home and abroad. The business involves reinsurance, direct insurance, investment, media, insurance brokerage, education and training and other fields, forming a diversified and professional group business structure and management pattern.

China Dadi Property Insurance Co., Ltd. originated from the former Chinese People's Insurance Company established in October 1949, and is a national property insurance company established with the approval of the China Insurance Regulatory Commission and controlled by China Reinsurance (Group) Company as an investor and main sponsor. The company was established on October 20, 2003 with a registered capital of 1 billion yuan and is headquartered in Shanghai.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Looking at the development of China's insurance industry in the past 20 years, objectively speaking, China's insurance market is still in the stage of primary development, which is mainly manifested in the following aspects:

First, China's insurance market is still basically an oligopoly.

Second, the development of China's insurance industry is still at a low level.

Third, the structure of China's insurance market is unevenly distributed.

Fourth, the level of professional operation of China's insurance industry is not high.

Fifth, the insurance market has not yet formed a complete system.

Sixth, the development of the reinsurance market is lagging behind and insurance supervision needs to be strengthened urgently.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

According to the "2016-2021 China Reinsurance Industry Market Prospect and Investment Planning Analysis Report" by the Prospective Industry Research Institute, the total assets of China's insurance industry in 2014 were one trillion yuan (RMB, the same below), and the total assets of the reinsurance company were 351.4 billion yuan, accounting for only 351.4 billion yuan. From January to August 2015, the total assets of reinsurance companies increased by 100 million yuan, an increase from the beginning of the year, and the growth momentum is optimistic.

After decades of development, China's insurance industry has an increasing demand for reinsurance, especially after the Tianjin ** accident on August 12 last year. Disasters are merciless, typhoons, tsunamis and even **, such a major accident disaster, is also a catastrophe for the insurance industry. In order to avoid huge payouts that bring huge losses to direct insurance companies, it is necessary to introduce the concept of reinsurance.

With the continuous development and maturity of China's direct insurance market, the relationship between reinsurance and direct insurance will become increasingly close, and reinsurance will give full play to its functions in risk management, technology transmission and capital financing, so as to promote the rapid development of the direct insurance industry.

The Prospective Industry Research Institute believes that as an important part of the insurance industry chain, China's reinsurance industry started late, with fewer market players but rapid development.

China's fast-growing insurance market is now one of the largest in the world and one of the fastest-growing in the world. The rapid growth of China's direct insurance industry is a core driver of the growth of China's reinsurance industry. In order to support the rapid development of business and achieve stable operation, direct insurance companies have a greater demand for capital replenishment, risk transfer and solvency improvement, and reinsurance is the most important way for Chinese direct insurance companies to strengthen risk management and alleviate capital pressure.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Looking at the development of China's insurance industry in the past 20 years, objectively speaking, China's insurance market is still in the stage of primary development, which is mainly manifested in the following aspects:

First, China's insurance market is still basically an oligopoly.

Second, the development of China's insurance industry is still at a low level.

Third, the structure of China's insurance market is unevenly distributed.

Fourth, the level of professional operation of China's insurance industry is not high.

Fifth, the insurance market has not yet formed a complete system.

Sixth, the development of the reinsurance market is lagging behind and insurance supervision needs to be strengthened urgently.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Prospects of China's insurance industry: Overall, China's insurance industry is still in the first period of development. Although the rapid growth momentum of the national economy has slowed down, there is still a large gap between China's insurance density and insurance depth and the world average, and the development potential of China's insurance market is very great.

Moreover, the improvement of people's living standards and the increasing awareness of risk protection have provided a good external environment for the insurance industry to continue to maintain rapid development.

China's insurance industry is the industry with the earliest "meal time", the largest opening up and the fastest pace of development in China's financial industry. Although China's insurance industry has developed rapidly in recent years and has made certain achievements, there is still a big gap compared with the development level of foreign countries, and there are still many problems in the development of the domestic insurance industry. This paper mainly starts from the perspective of the development history of China's insurance industry, expounds the current situation of China's insurance industry and looks forward to its development prospects.

Insurance, which is meant to be safe and reliable; Later, it was extended into a security mechanism, which is a tool used to plan one's finances. It is the basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.

Insurance refers to the commercial insurance behavior in which the insurer pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the responsibility for compensating for the property loss caused by the occurrence of the accident that may occur as agreed in the contract, or the insurer bears the responsibility of paying the insurance money when the insurer dies, is disabled, sick or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"