The premium growth rate of the non -auto insurance business of the property insurance company was about twice the premiums in the first half of the year

Reporter Leng Cuihua

In the first half of this year, auto insurance premiums gradually came out of the comprehensive reform of auto insurance, and the prosperity increased. The non -auto insurance business has continued to grow rapidly, and the proportion continues to increase. The proportion of non -auto insurance and auto insurance business in some companies is close to the "five -five opening".

In recent years, non -auto insurance business has gradually developed, and the structure of insurance enterprises has become more balanced. Experts believe that while the property insurance company continues to expand the underwriting side, it also needs to prevent risk prevention, especially the systemic risk of non -insurance probability.

Important direction to increase quality

According to statistics from the Banking Insurance Regulatory Commission, in the first half of the year, the property and insurance revenue realized the original premium revenue of 803.4 billion yuan, an increase of 9.4%year -on -year. Among them, auto insurance premiums were 397.6 billion yuan, a year -on -year increase of 6.2%; non -auto insurance premiums were 405.8 billion yuan, an increase of 12.8%year -on -year. Non -auto insurance business has doubled year -on -year.

From the perspective of head property insurance companies, the "three olds" non -car insurance business in the first half of the year has achieved rapid growth. For example, PICC Property Insurance obtained auto insurance revenue of 128.808 billion yuan, an increase of 6.7%year -on -year; non -auto insurance premiums were 147.863 billion yuan, an increase of 12.8%year -on -year; non -auto insurance business accounted for 53.4%, an increase of 1.4 percentage points year -on -year.

Ping An Property Insurance divides the premium income into three major sectors. In the first half of the year, the premium revenue of the original insurance, non -auto insurance, accident and health insurance premium revenue was 95.502 billion yuan, 37.923 billion yuan, and 13.367 billion yuan, respectively, an increase of 7.3%and 12.4%year -on -year, respectively. , 26.4%.

In the first half of the year, Tai Insurance Property Insurance realized car insurance and non -auto insurance revenue of 48.169 billion yuan and 43.402 billion yuan, an increase of 7.9%and 17.6%year -on -year. Non -auto insurance business accounted for 48.1%, an increase of 2 percentage points year -on -year.

Outside of head insurance companies, the non -car insurance business listed on the New Third Board has a rise and fall of non -auto insurance businesses. Specifically, in the first half of the year, Zhongcheng Insurance's non -auto insurance business revenue increased significantly by 140.47%year -on -year, and the growth rate of auto insurance growth was 17.49%in the same period. The overall premium of Jinsai Insurance fell 11.02%year -on -year, of which auto insurance premiums decreased by 5.57%year -on -year. Among non -auto insurance business, agricultural insurance and liability insurance increased by more than 18%year -on -year, and other non -auto insurance business revenue decreased year -on -year. The non -car insurance premiums of Yongcheng Insurance have also declined year -on -year.

Xie Yuantao, Dean of the School of Insurance, the University of Foreign Economics and Trade, told the reporter of the Securities Daily that the current auto insurance business is relatively saturated. The high -speed growth of non -car business is an important direction for the increase in quality and insurance in the property and insurance industry. In non -auto insurance business, health insurance has become the most important growth pole. At the same time, credit guarantee insurance and corporate property insurance have been gradually recovered by factors such as the epidemic situation. Therefore, the growth rate of premiums is rapid, which reflects the gradual recovery of the economy.

The comprehensive cost rate is still high

While the premium is growing rapidly, the operation of non -auto insurance has also attracted much attention from the industry. On the whole, non -car insurance operations of property insurance companies also need to improve quality and efficiency.

From the perspective of listed property insurance companies, in the first half of the year, the comprehensive cost rates of car insurance, liability insurance, guarantee insurance, accident insurance, and corporate property insurance of Ping An Insurance were 94.4%, 105.5%, 113%, 92.7%, and 91.4%, respectively. ; The comprehensive cost rates of car insurance, accidental damage and health insurance, agricultural insurance, liability insurance, and credit guarantee insurance for people's insurance and insurance are 95.4%, 100.8%, 89.9%, 105.4%, and 63.4%, respectively. The comprehensive cost rates of insurance, agricultural insurance, liability insurance, and corporate property insurance were 96.6%, 102.1%, 97.8%, 99.7%, and 96.9%, respectively. It can be seen that compared with the mature auto insurance business, the comprehensive cost rate of the above -mentioned insurance companies' non -auto insurance business is still higher.

From the perspective of non -listed property insurance companies, it has not disclosed the comprehensive cost ratio of various businesses, but the average comprehensive cost rate of the overall business of 74 non -listed property insurance companies in the first half of the year is 108.61%, which means underwriting losses, and auto insurance is a mature business. Generally, the comprehensive cost rate is lower than the non -auto insurance business, and it can be seen that the quality of non -auto insurance operations needs to be vigorously improved.

According to the actual operation, Jinsai Insurance has adopted different strategic adjustments to different non -auto insurance businesses. For example, in the first half of the year, it increased the expansion of high -quality businesses such as employer liability insurance and medical liability insurance; Related business scale; at the same time, actively eliminate some of the poor freight insurance business. "Enterprises adjusting the development strategies of different lines based on market changes are one of the paths to improve business quality." Xie Yuantao said.

In terms of expanding non -auto insurance, Xie Yuantao believes that corporate property insurance has a relatively low overall insurance market, and it needs to be clearly developed by corporate property insurance related to the key development. At the same time, the current product form of agricultural insurance is mainly to maintain production, and it will transition to income or even income in the later period. Considering the difficulty of fixed damage, the current phenomenon of one -size -fits -all is more serious, and the industry's attention to product development and refined management is not enough.

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