When choosing a product, many friends will be faced with the dilemma of whether to choose a large company or a small company. Deep Blue Jun advises everyone: give priority to products, because

When choosing a product, many friends will be faced with the dilemma of whether to choose a large company or a small company.

Deep Blue Jun advises everyone: Put products first, because each product has its own positioning and suitable people. If you blindly believe in a certain company and buy without thinking, then you are likely to buy a product that is not suitable for you. Follow-up Surrender will also result in greater losses.

However, in the specific practice process, Mr. Shenlan always encounters similar messages from friends:

Every time he encounters similar problems, Mr. Shenlan always stimulates his desire to write. So today I will talk to you about how to set up an insurance company and find out who are the shareholders of those insurance companies? Today’s content is mainly as follows:

• What are the conditions for establishing an insurance company? Is it easy?

• What is the current number of domestic insurance companies?

• Let’s take a look at the things shareholders of insurance companies do

1. Is it easy to establish a new insurance company?

Take our country as an example. More than one billion people create a lot of wealth every year. In addition to what is consumed in daily life, there are also many remaining savings of families and companies. How to use this money correctly is of great significance to the development of the national economy, so the financial industry is a very important industry in any country.

We all know that banks, securities and insurance are the troika of the financial industry. Countries in these three industries have strict supervision. Therefore, it is not very easy to set up an insurance company. It can also be said to be very difficult.

Let’s take a look at Article 68 of the "Insurance Law":

• To establish an insurance company, the following conditions must be met:

• The major shareholders have sustained profitability, have a good reputation, have no major violations of laws and regulations in the past three years, and have net assets of not less than RMB 2 100 million yuan;

• has articles of association that comply with the provisions of this Law and the " Company Law of the People's Republic of China ";

• has registered capital that complies with the provisions of this Law;

• has directors, supervisors and senior managers with professional knowledge and business experience. ;

• Have a sound organizational structure and management system;

• Have a business premises that meets the requirements and other facilities related to business operations;

• Other conditions stipulated by laws, administrative regulations and the Insurance Regulatory Authority of the State Council.

Shen Lanjun will translate it for everyone:

• You must first have money: First of all, you must have money. The law stipulates that it is at least 200 million. The current actual investment situation is in the billions.

• Shareholders must have strength: Money alone is useless. Shareholders must have strength, good reputation, and be prepared to work in the insurance industry for life, not to make quick money.

• must be able to operate: there must be a complete set of reasonable company systems, executives who meet the job requirements, and business strategies must be differentiated.

In the final analysis, insurance company licenses are scarce. Shenlanjun learned that there are currently nearly 200 companies queuing up to apply for approval. Since 2017, there have been four insurance companies: Grandview Life, Futai Property & Casualty Insurance, Fukang Life and China-Arab Life Insurance. The application for establishment was rejected because the shareholders’ business positioning was unclear.

Therefore, in the eyes of Shen Lanjun, there are no small insurance companies and large insurance companies. Big or small is more of a personal subjective judgment. The establishment of each company has its own development process and is under strict supervision by the state.

The size of insurance companies in everyone's impression is mainly affected by advertising. In fact, spending billions on advertising every year is not something worth showing off. I think this is a relatively low-level marketing method. Those who are familiar with China's economic history should know that there is a term called "Biaowang", which is the advertising champion of CCTV that year. Many of the past "Biaowang" have long been submerged in the torrent of history.

2. Take a look at the shareholders of insurance companies:

There are currently more than 160 domestic life insurance, property insurance, and group companies in total, so even many practitioners often encounter strange-looking names of insurance companies. .So it is easy for us to encounter the difficulty of this friend at the beginning:

So today, Mr. Shenlan will share with you some shareholders of joint venture insurance companies. Although you have never heard of them, the shareholders are very powerful.

1, Hengan Standard

Chinese side: Tianjin TEDA Investment Holding Co., Ltd.

Old fans should be familiar with Tianjin TEDA. This is a state-owned company with total assets of hundreds of billions. It is involved in real estate, securities, ports, and public utilities. It basically controls capable people. Everything has been done, and most friends in Tianjin know about it.

Foreign party: British Standard Life Insurance Company

British Standard Life was established in 1825. It is the largest mutual insurance company in Europe and a Fortune 500 company. From 1900 to 1937, Standard Life Insurance Company operated life insurance business in Shanghai, my country.

2, Ruitai Life Insurance

Chinese side: Guodian Capital Holdings Co., Ltd.

China Guodian Corporation is one of the five largest power generation groups in China. It is mainly engaged in electricity-related businesses such as electricity, coal, new energy, and transportation. It is also a Fortune 500 company. Everyone knows about monopoly industries.

Foreign party: Qiwei Life Insurance (South Africa) Co., Ltd.

Qiwei Group was born in South Africa in 1845 and is headquartered in London, England. It is listed in London and Johannesburg. It is a Financial Times FTSE 100 index company and a Fortune 500 company. enterprise. Qiwei Life Insurance (South Africa) Co., Ltd. is a wholly-owned subsidiary of Qiwei Group and is the largest and most powerful financial service provider in South Africa.

3, Prudential Life Insurance

Chinese side: CITIC Group

was founded in October 1979 by former Vice President Rong Yiren. CITIC has always been the window for domestic reform and opening up. Friends who are familiar with history will know that CITIC played a very important role in the early stage of reform and opening up.

Ranked 156th in the 2016 Fortune 500 list, with assets of hundreds of billions, it has a complete financial system with banks, securities, insurance, trusts, funds, futures, leasing and other categories.

Foreign parties: British Prudential Group

When it comes to British Prudential , friends here in Guangdong will know it better. After all, it is relatively close to Hong Kong, and many people know it more or less. I looked up some information: Prudential is the largest insurance company in the UK in terms of fund management. It manages more than 200 billion U.S. dollars of funds globally, and it also operates a wide range of businesses in Southeast Asia. Deep Blue also often travels to Southeast Asian countries. (Mainly because I don’t have money to go to Europe and the United States...) I can see a lot of Prudential outdoor advertisements.

4, Zhonghong Insurance

Chinese side: Sinochem Group

is one of China's four major national oil companies. Its main business is in energy, agriculture, chemicals, real estate, and finance. One of the first Chinese companies to be shortlisted for Fortune Global 500, and has been shortlisted 26 times so far. It is a monopoly industry, and it is a well-known state-owned enterprise with strong strength.

Foreign parties: Manulife Financial Group

Canada Manulife Life Insurance Company was founded in Toronto, Canada in 1887. It is now the largest life insurance company in Canada and one of the 15 largest life insurance companies in North America. In 2004, the largest cross-border merger transaction in Canadian history was completed, and the merger of Hengkang Financial Services Co., Ltd. in the United States was successfully implemented. Manulife Financial became the first in Canada and the second in North America.

5, ICBC AXA Life Insurance

Chinese side: ICBC

Everyone knows ICBC, and it is laughed at by netizens as "the largest bank in the world". It provides a wide range of financial products and services to 5.32 million corporate customers and 496 million individual customers worldwide. It has been ranked among the top 1,000 major banks in the world by The Banker and the top 2000 global companies by Forbes in the United States for three consecutive years.

Chinese side: China Minmetals Corporation

China Minmetals Corporation was established in 1950. Its main business is the development, production and trade of metals and mineral products. It is directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

Foreign parties: French AXA Group (AXA)

The first company of AXA Group was established in France in 1816. AXA has become the world's leading insurance group, with a business network covering more than 50 countries and regions on five continents, and a global staff and approximately 110,000 insurance agents. Friends who are familiar with international insurance market will definitely know about AXA France.

Industrial and Commercial Bank of China holds 60%, AXA holds 27.5%, and China Minmetals holds 12.5%.

6, Junlong Life Insurance

Chinese side: Xiamen C&D Group

Friends who have been to Xiamen should feel the presence of C&D Group everywhere, having continuously sponsored the Xiamen Marathon for many years. It is also a state-owned enterprise. Its main business covers supply chain operations, real estate development, tourism hotels, convention and exhibition industries and other fields. It has ranked first among the top 100 enterprise groups in Fujian Province for many years in a row.

Chinese side: Taiwan Life

Taiwan Life has nearly 70 years of experience in insurance operation and management. On October 15, 2015, Taiwan Life was officially merged into China Trust Financial Holdings Co., Ltd. (referred to as CITIC Financial Holdings), becoming CITIC Financial Holdings 100 % holding subsidiaries. CITIC Financial Holdings was established in 1966. It has 20,000 employees worldwide and total assets of nearly NT$4 trillion, covering commercial banking, insurance, securities, insurance brokerage, venture capital, asset management, investment trusts, preservation, lottery and other financial services. industry, it is Taiwan's leading financial holding group.

Today, Shenlanjun shared some information from the perspective of insurance company shareholders. We mainly take joint venture insurance companies as an example. For the sake of fairness, if the insurance company you are in (whether Chinese-owned or joint venture), if the shareholders are very powerful and have always kept a low profile, you can give feedback in the message area, and Deep Blue will provide information for you. wall.

In fact, if we write too many industry articles, we can clearly see the development context of the domestic insurance industry. Mr. Shenlan also hopes that everyone will look at it objectively. Every company has good products, and every company also has bad products. If you buy without thinking before buying, you are likely to buy a product that is not suitable for you.

It is better to do your homework beforehand than to say that the insurance is a scam when you cancel the policy!

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