What kind of expectations will Li Quan take over as the chairman of Xinhua Insurance will bring

The news of the changes in the affairs of Jiang Xin Xinhua in Economic Observation Network finally ushered in official announcements.

On the evening of September 26, 2022, Xinhua Insurance (601336.SH) issued an announcement saying that the company received a letter of resignation from Xu Zhibin because Xu Zhibin resigned as chairman of the company.

On the same day, Xinhua Insurance held the 35th meeting of the seventh board of directors to adopt a resolution of Li Quan as the chairman.

On December 4, 2019, Xinhua Insurance held the company's opening day. For the first time, Li Quan made clear the development goal of "secondary flying", and strived for three to five years to make the company's overall strength plan for another step.

Today, the new strategy has been to a critical stage. In the past two years, the life insurance industry has undergone major changes. The number of agents has declined since the high point in 2019. The growth rate of premiums and the new single business have also declined. After serving as chairman, Li Quan may have a greater space to perform a "second flight" plan.

New personnel

According to the announcement, Xinhua Insurance held the 35th meeting of the seventh board of directors of the company at Xinhua Insurance Building on the afternoon of September 26, while passing the proposal to transfer the equity of the State Pipeline Group Group's joint pipeline company. It has also passed the resolution of Li Quan as the chairman of the 7th board of directors, but the above -mentioned job needs to be approved by the CBRC.

The changes in this personnel before that before the market had news. It is reported that on September 19, CIC has conducted the latest personnel appointment. Xu Zhibin, who was previously the deputy general manager of the Central Huijin and the chairman of Xinhua Insurance, no longer served as Xinhua Insurance, the secretary of the Xinhua Insurance Party Committee and chief Li Quan, executive officer and president, plan to serve as chairman, deputy secretary and vice president of the party committee, Zhang Hong, to serve as president.

In 2010, Li Quan was dug to the president of Xinhua Insurance asset management company at the then Xinhua Insurance Chairman. He has worked in Xinhua Insurance for 12 years so far.

On August 6, 2019, Xinhua Insurance Announcement was formally formed in the seventh board of directors, and at the first meeting, Liu Haoling elected Liu Haoling as the chairman of the seventh board of directors. Liu Haoling was the then deputy general manager of the Central Huijin and director of the two departments of the comprehensive department/bank.

At the 36th meeting of the 6th Board of Directors at the end of June, he reviewed and approved the resolution of the executive director of the 7th board of directors of Xinhua Insurance, and agreed to appoint his resolution to serve as the company's chief executive officer and president.

After the two helmsmen of Kang Dian and Wanfeng left office, Li Quan became the chief helmsman who took into account assets and liabilities.

In January 2021, Xinhua Insurance issued an announcement saying that Liu Haoling resigned from the company's chairman, non -executive director, and chairman of the strategic committee of the board of directors due to work reasons. Xinhua Insurance enters the era of "Xu Li". Xu Zhibin, who has just resigned as the chairman of Xinhua Insurance, served in Goldman Sachs Group, China Jianyin Investment, Hongyuan Securities, and Shen Wanhongyuan Securities. Director and managing director of the Ministry.

After Li Quan intends to serve as the chairman of Xinhua Insurance, his position he holds also ushered in the receiver -Zhang Hong. Public information shows that Zhang Hong has a wealth of insurance experience. He has served as the executive director and vice president of Xinhua Insurance in June 2021, and since September 2019, he has been the deputy secretary of the company's party committee (right). Before arriving at Xinhua Insurance, Zhang Hong was the executive director, president, and chairman of the supervisor of China Reinsurance (Group), chairman of China Life Reinsurance, General Manager and Chairman of China Property Reinsurance.

And this is not all the changes in Xinhua insured. On the evening of July 12, 2022, Xinhua Insurance also issued a resignation announcement by Li Yuan, vice president of the company's insurance business. Not long ago, Li Yuan went to clear -the general manager of Tianan Life Insurance, who had just ended the custody period but has not yet made a clear progress.

Shortly after Li Yuan left, Wang Lianwen, a receiver, appeared at Xinhua Insurance at the work conference of Xinhua Insurance as assistant president and made a special sales report. While summarizing the sales of the company's various channels in the first half of the year, it focused on the sales goals of the second half of the year, proposed business strategy arrangements, and deployed key sales work.

When the second flight meets the industry in -depth adjustment

Xinhua Insurance, which entered the Liquan era in 2019, started a new development journey.

At the opening day at the end of the year, Li Quan, who debuted for the first time, clearly proposed the development goal of "two -time flying "-" Stable status on the first echelon "," assets exceeding the trillion platform "," simultaneous growth of scale value "and" simultaneous growth of value "and" Industry collaboration performance. " In order to achieve the goal, Li Quan explained the company's strategic concept of "1+2+1", and strive for three to five years to make the company's overall strength to another step.

In addition, Li Quan, who was investing in, also proposed a strategy of two -wheel drive of asset -liabilities and comprehensive development of scale value.

At the end of 2019, Xinhua Insurance's annual premium revenue, net profit attributable to shareholders of parent company, internal value, and total assets have achieved 13%, 83.8%, 18.4%, and 19.8%growth respectively. In 2020, the epidemic of the new crown pneumonia began to ravage, but under the promotion of the vigorous development of third -party businesses, Xinhua Insurance became a trillion -dollar asset insurance platform in 2020.

In 2021, many uncertain factors brought more challenges to the development of the industry. The growth of various business indicators of Xinhua Insurance was weak. 4.6%, 12.3%, and 7.6%are growing up. In the first half of 2022, in the market environment where the epidemic was repeatedly impacted and the capital market fluctuated sharply, Xinhua Insurance achieved positive profitability. "Stable and progress" -This is the introduction of Xinhua Insurance in its 2022 report.

It is true that in the market where logical reconstruction, in -depth adjustment, and fierce competition, Li Quan's second flight plan is not easy to implement -a dangerous channel faces difficulties in the face of difficulties; the silver channels take the lead in breaking the situation and contributing to growth; The scale structure of group channels has improved. The policy -oriented business has achieved a goal, some projects have made breakthroughs, and the front -line institutions strive to break through. This is the summary and prospect of its meeting in mid -2022.

At the moment of the "difficult" of the life insurance industry, the Xinhua Insurance, which entered the partner of "Li Zhang", what kind of answer sheet will be handed in, and the Economic Observation Network will continue to pay attention to it.

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