Insurance Daily: Raising a pet is like raising a baby! Can buying insurance for cats and dogs save the wallets of poop collectors?

Can

save the wallets of shit-shoveling officials? The five major listed insurance companies achieved a total premium of 1.13 trillion yuan in the first four months. The premium income of the "old three" property and casualty insurance companies under the comprehensive reform of auto insurance was under pressure; in less than half a year, Beijing Life suffered another

On May 18, the "Building a New Pattern Based on the New Stage - 2021 China Insurance Industry Development Forum" hosted by China Securities Journal was held in Beijing. Participants said that 2021 is the first year of the "14th Five-Year Plan" and the beginning of a new journey to comprehensively build a modern socialist country. The new stage will bring new vitality and vitality. China's insurance industry will work hard to adhere to its original mission of serving the real economy on the one hand, and on the other hand, it will seize new opportunities in pension finance, green finance and other fields to open up new prospects in the continuous innovative changes.

Starting from June 1, the pilot program of exclusive commercial pension insurance is about to begin. More people, especially those working in new industries, new business formats and various flexible employment personnel, will have more commercial pension security paths. This will promote the third pillar of my country’s pension insurance, commercial pension insurance, to play a better role.

As an important institutional investor in the capital market, insurance funds have attracted much attention. Recently, the China Banking and Insurance Regulatory Commission released data showing that as of the end of the first quarter of 2021, the balance of insurance capital utilization was 2.25 trillion yuan. Among them, the balance of stock and fund investment was approximately 2.87 trillion yuan, and its proportion further dropped from 13.8% to 12.8%. This is also the third consecutive decline in insurance stock and fund allocation since January this year. Guosheng Securities Research Report analyzed that after the Spring Festival, the equity market continued to adjust, causing a slight decline in equity asset allocation.

Nowadays, "sucking cats" and "petting dogs" have become an indispensable part of many people's daily lives. Due to various factors such as the aging of the population, downsizing of families, and the wave of singles, people's emotional demand for pet companionship has greatly increased, giving rise to a blue ocean of the pet economy. After meeting the pet's basic needs, medical treatment is undoubtedly a critical need.

As of May 17, the five major A-share listed insurance companies have all disclosed premium data for the first four months of 2020. According to statistics from reporters of "Daily Economic News", from January to April 2020, China Life, PICC, Ping An of China, China Pacific Insurance and New China Insurance achieved a cumulative original insurance premium income of 1.13 trillion yuan.

On May 15, the China Banking and Insurance Regulatory Commission issued the "Notice on Launching the Pilot Program of Exclusive Commercial Pension Insurance". Starting from June 1, six life insurance companies will launch the pilot program of exclusive commercial pension insurance in Zhejiang Province (including Ningbo City) and Chongqing City. The pilot insurance companies are encouraged to explore and meet the pension needs of employees in new business formats and various flexible employment personnel.

On May 17, the Beijing Equity Exchange disclosed an announcement on the equity transfer project of Beijing Life Insurance Co., Ltd. (hereinafter referred to as: Beijing Life).

It is reported that the Beijing Supply and Marketing Cooperative Investment Management Center plans to transfer 4.99% of Beijing Life’s equity, totaling approximately 142.714142 shares, with a base transfer price of 361.5805 million yuan. It previously held 13.986% of Beijing Life’s equity.

The competitiveness of an enterprise has three levels: the first level is the product level, which reflects the ability to develop and market products; the second level is the institutional level, which ensures that various operating elements can exert long-term mechanisms from the institutional level; and the third level is the value level, which is to create value for users.

Among them, the core competitiveness comes from the value layer. Looking around the world, excellent companies are all companies that continue to create value for users. This value lies in the product itself, but also outside the product. Just like corporate insurance such as property insurance, business insurance, accident insurance, and employer insurance that companies have been keen to purchase in recent years, their basic value lies in the risk resistance and protection functions provided by insurance products, and the deeper value lies in the extension of services beyond protection.

On May 19, Capital State learned that Runhua Insurance (839373.NQ) issued an announcement on the implementation of equity distribution in 2020. The company stated that the undistributed profits attributable to the parent company in the consolidated statement on the base date of this equity distribution were 122 million yuan, and the undistributed profits of the parent company were 118 million yuan. This equity distribution distributed a total of 21.7987 million yuan in cash dividends.