Sunday, March 13, 2016

Mr Xiang social capital into the insurance required by law for compliance not

Mr Xiang: social capital into the insurance required by law for compliance, not ATM insurance when

Beijing, March 12, 2016, 20,162 News Center, Chairman of the China insurance regulatory Commission Chairman Xiang junbo answered reporters ' questions. China Visual

Concern for community "insurance licence approval" problem, CIRC Chairman Xiang junbo said 13th now and the China insurance regulatory Commission in line to apply for licences for nearly 200, indicating that confidence in the development prospects of the social capital on the insurance industry. Insurance national allocation of financial resources and financial security, market access for insurance insurance is more cautious.

Xiang junbo at the 12 session of the national people's Congress as nonvoting delegates meeting in the day in "channel, Minister" responded to the problem of social capital into the insurance sector.

Introduce Xiang junbo, the China insurance regulatory Commission license approval insist on grasping four principles:

An enterprise's own excellent conditions. Four "hard conditions" are indispensable – companies should have good financial statements, shareholders three consecutive profitable; it requires sustained funding capacity; shareholders better social reputation; it requires specialized personnel.

Second, service national strategies. Tilted to the countries take the major strategic areas, such as "along the way" strategy, the FTA strategy.

Three is the blank area of attention. Such as Tibet, Qinghai, Gansu, Inner Mongolia and other areas no legal insurance institutions, "a province can have a property insurance company, an insurance company. "

Four is to support innovation. Mainly specializes in highly innovative areas, such as science and technology insurance, marine insurance, insurance on the Internet, and increase the intensity of agencies.

"Current crowding into social capital, there is a cross-industry, cross-sector, law on insurance market and industry development there was a gradual process. "Chairman Xiang junbo said that life insurance companies to profit normally takes 7-10, shareholders will get rich quick, but can't think of insurance as" cash machines ".

Chairman Xiang junbo said that on the issue of social capital into the insurance sector, the China insurance regulatory Commission will adhere to the "insurance core name" shows the insurance industry "helping people, and timely" purposes, on the premise of law compliance, risk prevention, supports and encourages all eligible social capital to invest in insurance, growing insurance industry. 58 Group Chairman of Ning gaoning was transferred

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