The insurance industry in China and opening up to open the door Shenzhen Special Economic Zone
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The insurance industry in China and opening up to open the door Shenzhen Special Economic Zone
Author:xcd   Article source: 中国股票咨询网   Hits:1311  Add time:2009-5-28  

Shenzhen Special Economic Zone is the forefront of China's reform and opening up, Shenzhen's insurance industry for 30 years with the rapid advance SAR plays a window, pacesetter, the role of the pilot area. The end of 2008, Shenzhen has developed various types of insurance institutions to 58 (of which 11 national head office), premium income reached 24 billion yuan. The number of its agencies, the type of the whole, the speed of business development, ranking first in the nation the forefront of the city.

As fortunate in taking part in the collation and preparation of the development process of the insurance industry in Shenzhen and Shenzhen experienced great development of the insurance industry, the reform process of the industry, we have once again recalled the past 30 years took place in Shenzhen in China's insurance industry and a significant number of events for our readers .

Introduced for the first time foreign institutions: the insurance industry in China and opening up to open the door

Shenzhen Special Economic Zone to establish at the beginning, need a lot to attract foreign investment. At that time, People's Insurance has just resumed operations shortly underwriting technology and capacity is limited, far from being able to meet the foreign, especially the insurance needs of Hong Kong businessmen. December 4, 1981, the state approved the Hong Kong Civil Aid Service Insurance Co., Ltd. set up branch offices in Shenzhen for Hong Kong enterprises in the SAR to provide insurance services. January 9 next year, the company opened in Shenzhen. It is located in Mainland China approved the first foreign insurance institutions. It is not only opening to the outside world with the Mainland insurance industry pilot significance, at the same time it also brought to the Mainland insurance industry a lot of advanced management concepts and management methods. Let colleagues feel the most is their business philosophy - strict control underwriting risk, the pursuit of profit maximization, rather than blindly scale. They are the strict and scientific management system, a clear division of labor, treatment of the client integrity above everything else. Under such guidance, the company's business to develop steadily over the years and per capita profit of the premium per capita ranks first in the industry.

1984 reform: People's Insurance System from a planned economy to market economy

In August 1984, China People's Insurance Company Shenzhen Branch Company in accordance with "the reform of the Shenzhen Special Economic Zone on the issue of insurance," which set of institutions, personnel systems, financial systems and mode of operation to carry out a series of reforms to become National security system, the first realization of independent accounting and manage their own business, own risk, reinsurance business to implement an independent corporate body. The main elements of reform, first in the country take the lead in the implementation of the cadre appointment system and staff contracts, breaking the "iron rice bowl", the wage bonus with the individual performance and contributions linked to embody按劳取酬, more pay for more work, award the diligent and punish the lazy allocation system; Second, the reform of traditional underwriting methods, the implementation of a relatively flexible, the exhibition industry随行就市means, regardless of the business at home and abroad, regardless of the currency, uniform provisions, unified rate, unified policy; The third is the implementation of independent accounting, cost lump sum, the profit was not turned over to local taxes, on its own set-aside in reserves and the total compensation reserve, on its own external reinsurance.

Approach to the implementation of reform directly reflected in the insurance business, the insurance business showed a geometric growth. In March 1988, People's Insurance branch in Shenzhen City registered one million yuan to set up investor China Life Insurance Co., Ltd. Shenzhen Branch, Shenzhen Branch exercise PICC life insurance business and operations management functions, is the first professional life公司. The reform of China's insurance industry from a planned economy to a market economy turning point conversion.

Ping An Insurance was born: China's insurance industry to change the exclusive monopoly of the operation

May 27, 1988, Ping'an Insurance Company opened in Shekou. From the birth of the day, she deeply into the Shenzhen Special Economic Zone in the dare to dare to try Chuang tide of reform and opening up, and their innovative ideas and experience to the Chinese insurance industry has injected vitality. After 20 years of innovation and development, China has become a Ping'an insurance business as the core, covering securities, trust, banking, asset management business, a highly integrated, comprehensive financial services group. She was the national finance and insurance system to create a number of the first: the first joint-stock insurance companies; the first set of integrated diversified financial services group; the first insurance companies to attract foreign investment; the first to introduce executives of foreign enterprises companies; it is the first to draw the fine traditional culture of the Chinese nation and the West in modern management thinking of the essence and form a unique corporate culture of companies.

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