This article is about 2800 words, and it takes about 9 minutes to read ❤
Pan Zhihua highlights:
1. Indian digital payment giant Paytm acquires insurance platform Raheja QBE
2. World Bank : Can smart contracts promote a new round of inclusive finance Inspur
3. Baobo Global: 78.8% of Chinese corporate executives will consider purchasing commercial medical insurance
major companies
1. ByteDance obtained the online micro loan license
Keywords: Byte license
According to many insiders, Toutiao finally obtained an online micro loan license in Shenzhen after several twists and turns - Shenzhen Zhongrong Micro Loan Co., Ltd. (hereinafter referred to as Zhongrong Micro Loan), with a registered capital of 400 million yuan.
day eye check data shows that Shenzhen Zhongrong Microfinance Co., Ltd. was established in June 2012. The company's business scope includes specializing in microfinance business and conducting Internet microfinance business with approval from relevant departments (no public deposits shall be absorbed). In May 2019, the company's registered capital increased from 200 million to 400 million yuan, an increase of 100%. In March 2020, the company experienced industrial and commercial changes, and many other senior executives including former directors, general managers, supervisors withdrew, and Li Guanchao was added as directors and general managers. Public information shows that Li Guanchao is the person in charge of ByteDance's financial products.
2. Indian digital payment giant Paytm acquires insurance platform Raheja QBE
Keywords: Indian insurance market
Recently, Indian digital payment service giant Paytm spent US$74 million to acquire insurance company Raheja QBE. Paytm President Amit Nayyar said the move is an "important step" for the company to promote the development of inclusive finance in India. Currently, the penetration rate of insurance (life insurance and general insurance) in India is extremely low, and through Paytm's huge digital network, it is expected to change that.
New trends
1. Allianz Life Insurance has become a SIMON platform insurance operator and joins its insurance technology platform market
Keywords: Allianz Life Insurance
SIMON is an financial technology company that provides annuity insurance services, providing annuity platform and digital market for Raymond James wealth management institutions. Recently, SIMON's insurance technology platform market has introduced Allianz Life, a leading annuity supplier in North America.
The addition of Allianz Life has expanded the SIMON market, while providing Raymond James consultants on the SIMON platform with more annuity product options, which can help them deeply analyze their clients’ wealth management and retirement needs. Through the SIMON interactive platform, Raymond James consultants can seamlessly find and study Allianz AV products and related features, analyze these products, and read the marketing copy for specific products.
Xiaohua has something to say:
Allianz Life Financial Services Department President Corey Walther said: "With the help of Allianz Life, consultants can provide better services to their customers and help them achieve retirement goals. SIMON provides consultants with the tools they need to help them invest more effectively in their customers' security and pensions, so as to achieve the best financial management effect."
Raymond James Insurance Group President Scott Stolz, who worked at SIMON, said: "SIMON greatly simplifies the popularization of annuity knowledge . With Allianz joining the SIMON platform, our consultants can access some tools in the market and be able to select the solutions that best meet customers' financial goals from the multi-year financial solutions provided by Allianz. Currently, the SIMON platform has rapidly developed into the industry's leading annuity tool platform, and we are very excited about this."
2. Three private equity asset allocation managers are all online, and asset management over 100 billion yuan has entered the private equity FOF industry
keywords: private equity assets
According to the information on the website of the China Securities Investment Fund Industry Association, three new private equity asset allocation managers have completed the registration together recently.
These three managers are: China Petroleum Group Pension Asset Management Co., Ltd. controlled by , China Petroleum Group Pension Asset Management Co., Ltd., which was established after Yang Dehong, the former chairman of Guotai Junan, and Beijing Changrui Asset Management Co., Ltd., which was founded by Tian Yu, the former president of CITIC Industrial Fund. It is worth noting that CNPC Pension Asset Management has completed the registration of private equity asset allocation managers and has officially entered the private equity asset allocation business. It will invest in the form of FOF parent fund.
3. World Bank: Can smart contracts promote a new round of inclusive financial wave
Keywords: financial inclusive
Recently, the World Bank released a special report on "Smart Contract Technology and Financial Inclusion". The report notes that smart contracts can drive inclusion in certain financial services such as insurance and supply chain finance, but have a more limited impact in terms of short-term unsecured credit.
Specifically, in the insurance field, smart contracts help improve transparency , and can hand over some control over the claim process to consumers, and to a certain extent can fully automatic claims. In addition, in terms of short-term unsecured loans, although smart contracts can improve efficiency at all stages, there are many forms of unsecured loans (such as credit cards and mobile payment-based loans) that have been very automated.
4. US Currency Supervision Agency launches inclusive financial projects for consumers and small and medium-sized enterprises
Keywords: inclusive financial
US Currency Supervision Agency (OCC) announced this month that it will launch REACh inclusive financial projects for consumers and small and medium-sized enterprises.
REACh is fully called the "Roundtable for Economic Access & Change", which aims to bring together leaders in the banking industry, civil rights organizations, enterprises and technology fields to clarify and reduce obstacles to the comprehensive and equal national economy, and provide more credit and capital channels for ordinary consumers and small and medium-sized enterprises. Brian P. Brooks, head of
OCC, said that the recent turmoil in the United States shows that many people have been excluded from the development of the United States' economy, highlighting the importance of inclusive finance development.
Investment and financing
1. American health insurance company GoHealth went public and completed the fundraising of US$914 million
American online insurance brokerage GoHealth raised US$914 million in its IPO, far exceeding expectations. The company focuses on the sale of Medicare Advantage plans, with its shares priced at $21 per share, and the IPO will sell 43.5 million shares of common shares.
The Chicago-based company has grown steadily since its inception in 2001. To change the traditional form of paper warranty policies, the founder developed software for online insurance sales and then eventually created his own insurance brokerage firm. The company has previously grown rapidly by selling personal safeguards programs based on the Affordable Care Act (ACA, Affordable Care Act), but over the past four years, GoHealth has shifted its focus to selling the Medicare Advantage program.
2. Digital asset infrastructure provider METACO received US$17 million in Series A financing
Recently, digital asset infrastructure provider METACO announced that it had received US$17 million in Series A financing, which far exceeded the initial target. The financing was led by Germany-based security technology company Giesecke + Devrient and a central bank infrastructure partner.
Xiaohua has something to say:
METACO was established in Switzerland in 2018. Through its "SILO" digital asset institution operating system, large financial institutions can safely integrate cryptocurrency, tokens, and distributed ledger technology use cases into the core infrastructure architecture. Institutions including the Swiss Financial Market Regulatory Office, the German Federal Financial Regulatory Office , the European Central Bank and other institutions have used this system.3. London fintech startup Moneybox completed a £30 million Series C financing
London fintech startup Moneybox recently announced that it had completed a £30 million Series C financing.The financing was led by Eight Roads and CNP, with many new and old investment institutions participating.
Currently, Moneybox has more than 450,000 users, with an asset management scale of 1 billion pounds, and the total number of users has increased by 121% compared with last year. In addition, moneybox also announced on the same day that it plans to launch a crowdfunding plan on Crowdcube in late July to provide assistance to the platform to develop product services, expand team strength, develop emerging technologies, and expand more markets.
read report
1. China Banking and Insurance Regulatory Commission : The total insurance assets in the first half of the year reached 21.7 trillion
Keywords: Domestic insuranceRecently, the spokesperson of the China Banking and Insurance Regulatory Commission introduced that at present, my country's banking and insurance industry is operating stably, with controllable risks, and its ability to serve the real economy is constantly improving, but the potential risks are still large in the future period. We must remain sober, calmly analyze and make plans.
As of the end of June, my country's total domestic assets in the banking industry were 301.5 trillion yuan, an increase of 9.8% year-on-year . RMB loans increased by 12.09 trillion yuan in the first half of the year, an increase of 2.42 trillion yuan year-on-year. At the end of June, the balance of non-performing loans was 3.6 trillion yuan, an increase of 400.4 billion yuan from the beginning of the year, and the non-performing loan ratio was 2.10%, an increase of 0.08 percentage points from the beginning of the year; the provision coverage ratio was 178.1%, a decrease of 4 percentage points from the beginning of the year. The total insurance assets of
are 21.7 trillion yuan, an increase of 5.7% from the beginning of the year . The comprehensive solvency adequacy ratio of insurance companies 244.6%, and the core solvency adequacy ratio of 233.6%, maintaining a high level. In the first half of the year, premium income was 2.7 trillion yuan, an increase of 6.4% year-on-year. The main operating and regulatory indicators of banking and insurance institutions are in a reasonable range.
2. Baobai Global: 78.8% of Chinese corporate executives will consider purchasing commercial medical insurance within the next year
Keywords: high-end medical insuranceBupa Global, a world-leading international medical insurance provider, released the "Confidence and Changes in the Post-epidemic Era - Research Report on Chinese Corporate Executives" in Beijing. The report aims to explore the predictions and attitudes of Chinese corporate executives about life, work and the macroeconomics after the COVID-19 pandemic.
report shows that 70% of Chinese corporate executives experienced physical or mental health problems during the epidemic, but only 8.7% of people will seek professional help. After experiencing the COVID-19 epidemic, 571.5% of Chinese corporate executives have a positive overall view of China's medical system; 56.9% of executives expressed optimism about China's economic development, but the uncertainty of the development of the epidemic is still their biggest concern at present.
Xiaohua has something to say: Nowadays, as the domestic epidemic enters a normalized stage, the physical and mental health and emotional adjustment of senior management personnel in the company have also become an important factor in maintaining good operations in the post-epidemic period. In view of this, Baobo Global launched a survey activity on senior executives of Chinese companies, aiming to better understand their attention to their own health, their attitudes to different medical systems, their expectations for medical insurance, and their views on the world and China's macroeconomics due to the impact of the new crown pneumonia epidemic.
