Some people may be worried. If these small and medium-sized insurance companies suffer such heavy losses, will it be easy for them to go bankrupt?
In principle, any company can go bankrupt, and insurance companies are no exception.
If an insurance company is not performing well and becomes insolvent, it can also file for bankruptcy.
If you operate illegally and violate red lines, you will be forced to take over.
But in fact, it is not that easy for an insurance company to go bankrupt.
First, the threshold for insurance companies is high.
For general company registration, a registered capital of tens of thousands or hundreds of thousands is enough, but the capital required to register an insurance company is in [hundred million], and insurance companies have never been [small companies].
The hard threshold for opening an insurance company is very high.
In addition, shareholders who establish an insurance company need to have sustained profitability and good reputation, and have no records of major violations of laws and regulations in the past three years. In other words, the strength of the shareholders must be examined. If you don't have strength, you won't be able to enter the insurance industry. p>
Secondly, the insurance industry is strictly regulated.
The use of insurance funds will be subject to supervision, the flow of funds will be strictly controlled, and the financial status will be disclosed regularly. Once the solvency fails to meet the standards, warnings, rectifications, and takeovers are all possible. In serious cases, it will even be liquidated and reorganized.
It seems to be more stringent than A-share listed companies.
In fact, it is to supervise the use of insurance funds to prevent things like the property company collecting property fees for thirty years and being borrowed by the parent company without repaying them.
Smart people all know which thing and which industry it is in!
Furthermore, insurance companies have to rely on reinsurance companies.
Behind the insurance company, there is actually a reinsurance company, which is a company that provides insurance for the insurance company.
Once an insurance company encounters operating problems and encounters difficulty in repayment, the reinsurance company will immediately contribute money and efforts to share the risk.
In fact, it is equivalent to double insurance, protecting the interests of the insured.
Finally, there is the mandatory reserve liability fund.
Insurance companies must withdraw 10% of their after-tax profits as a reserve fund every year to prevent financial problems caused by serious losses.
But what if those small and medium-sized insurance companies have no after-tax profits?
According to my country's insurance laws, insurance companies are not allowed to go bankrupt.
The establishment of an insurance company requires assets of 200 million yuan, and 70% of them must be supervised and managed by relevant agencies.
If an insurance company is not operating well, the insurance company will choose to merge. Otherwise, the relevant departments will have the right to stop the business of the insurance company until there are enough funds to enable the insurance company to operate again.
If it is still unable to continue operating within a certain period of time, a court will declare it bankrupt. If an insurance company is declared bankrupt by the court, all its business will be assigned by the relevant department to another insurance company to act as an agent and continue its after-sales service, or the insurance will be surrendered.
Procedures, etc.
Although according to the "Insurance Law", even if the insurance company goes bankrupt, the policy will be "taken over" by other companies, but the insured's insurance interests will still shrink to a certain extent.
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After the insurance industry becomes bigger, the money will continue to flow like running water.
However, if the business is not managed well and it never becomes famous, it will fall into a vicious cycle of continuous losses.
Some operators of small and medium-sized insurance companies actually don’t want to do it for a long time.
It's just that the nature of an insurance company makes it difficult to get rid of it, even bankruptcy.
At this time, Huang Yuping, the group president of [Chaoqun Group], came with funds and fame.
Large insurance companies can't take it, and they won't sell it. After all, this is a very strong cash cow. No entrepreneur is willing to part with it. The most it can do is exchange interests with [Chaoqun Group], such as exchanging shares.<
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But let alone Huang Yuping's lack of qualifications to decide this matter, even if he had the qualifications, he would not agree.
As the president of the group, he knows the situation within the group best, and there are many black technologies that have not yet been developed!
Nowadays, many companies and individuals around the world want to get shares of [Chaoqun Group], and they are willing to pay any price, but they have never been able to do so.
These insurance companies with no moats want to exchange shares with just their mouths. What a beautiful idea!
Therefore, after Huang Yuping had a brief understanding of the conditions of these large insurance companies, he completely ignored them and threw an olive branch to those small and medium-sized insurance companies.
For small and medium-sized insurance companies that have been operating at a long-term loss, if a company is willing to take over, it is a good thing like manna from heaven.
Huang Yuping was spoiled for choice and initially selected five small insurance companies with relatively good operating conditions and each with its own advantages, and handed them to Wu Siyuan for him to make a decision.
Wu Siyuan pretended to look at it, but he actually asked [Four-Armed King Kong] to handle it.
This guy dug into these five small and medium-sized insurance companies, and after a thorough analysis, he learned that the best answer was actually the smallest one.
【Ruyi Insurance】!
I just want everything to go well.
If the insurance person can make everything go well for the insured, then bankruptcy is probably not far away.
After all, there are endless insurance fraudsters.
A single loss is not just tens of thousands, but a problem of hundreds of thousands, at least hundreds of thousands, or even millions in serious cases.
Isn’t that what happens in movies?
Some people buy insurance for themselves, and then let their family members obtain the benefits through various accidental deaths.
This is accident insurance or life insurance!
Other types of insurance are also available.
Take, for example, a critical illness insurance that can protect against cancer.
If the insured learns that he or she has cancer through some method that is not recorded in the medical system, deliberately conceals the disease information, purchases corresponding insurance, and passes the waiting period, then immediately [diagnoses] the disease and applies for
Compensation.
According to the current cost of cancer treatment, it costs millions.
The insurance company will lose so much money on this bill!
One order or two orders actually doesn’t matter.
When the actuaries of the insurance company developed this type of insurance, they had already done a lot of calculations to ensure that it could break even and even achieve profitability.
Actuaries are professionals who use actuarial methods and techniques to solve economic problems. They are experts in assessing future financial risks of economic activities. They are senior talents in the insurance industry who combine mathematicians, statisticians, economists and investment scientists.<
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Actuaries deal with "future uncertainty" and their purpose is to provide a basis for financial decisions.
This is a high-paying profession, a [golden collar among gold collars] profession.
In 2004, the annual salary of domestic actuaries reached 1 million yuan, and it was still increasing at a growth rate of more than 10% every year. At that time, the annual salary of actuaries of the largest insurance company in China even reached 3 million yuan.
Yuan.
This was back in 2004.
Now, more than ten years later, the salary of actuaries is higher.
As mentioned before, when actuaries develop a type of insurance, they go through precise scientific calculations.
Under normal circumstances there will be no problem.
But if there are many insurance fraud cases, it means it does not fall within the normal standards.
The insurance company will lose money.
Therefore, insurance companies are very strict about compensation, because they are afraid that if they stay with you longer, they will lose money.
Therefore, for a period of time, insurance was regarded as a scam!
The insurance industry has a pretty bad reputation!
In recent years, as the demand for insurance has increased, supervision has become stricter, and the law protects the interests of the insured, the psychological acceptance of insurance among the public has increased a lot.
Back to the topic.
[Chaoqun Group] is extremely wealthy, and its annual profits are higher than all tobacco companies combined. It chose to acquire [Ruyi Insurance] at a premium. The shareholders of [Ruyi Insurance] were so happy that they almost smiled. Soon,
Signed a contract with [Chaoqun Group] and sent very high-level executives to [Ruyi Insurance].
Although it takes time for [Chaoqun Group] to integrate [Ruyi Insurance], in the afternoon after the contract was signed, [Chaoqun Group] announced the news that it will enter the insurance industry and previewed an insurance that will be released - [Cancer
Worry-free】!
[Cancer Careless] This insurance, as the name suggests, protects cancer patients.
No matter who you are, no matter whether you have had cancer or not, as long as you pay a monthly insurance premium of 300 yuan, you can go to a designated hospital after being diagnosed with cancer to get [ledizumab] to treat cancer.
There is no waiting period for the first three months of [Cancer Care Free].
In other words, as soon as you buy the insurance, the insurance coverage period will take effect on the same day.
But if you buy [Cancer Care Free] after three months, you have to wait for one year.
This year is the waiting period.
After one year, when you have cancer, you can go to a designated hospital to get [redizumab] to treat cancer.
Hmm.
In fact, the one-year waiting period is actually forcing people who are not sick to buy the [Cancer-Free] product, otherwise it will be too late to buy it after they really suffer from cancer.
Cancer is very hidden in the early stages. By the time obvious symptoms are discovered, it is often in the middle and late stages.
As for cancer patients in the middle and late stages, even after undergoing chemotherapy and radiotherapy, can they survive for a year while suffering such a heavy pain?
It’s actually really difficult!
The common people all have a steelyard in their hearts.
They will weigh the pros and cons themselves.
[Cancer Carefree] This product is to turn [ledizumab], a drug originally intended for cancer patients, into a drug for the entire public.
The monthly premium of 300 yuan does not seem to be much, and it is far less than the US$1 million per pill of [ledimumab].
But there are only 20 million cancer patients in the world every year. I don’t know if even one percent of them can spend US$1 million.
Just calculate it as one percent, there are 200,000 people.
200,000 people spent 1 million US dollars to buy [ledizumab], which is an income of 200 billion US dollars, which is about 1200 billion yuan in income. It is not much, considering the tax paid by all domestic tobacco companies.
Total amount.
There are 1.3 billion people in the country, and these are all customers of [Cancer Carefree]. After deducting all kinds of miscellaneous members, let’s calculate it as 600 million.
Each person pays 300 yuan per month, which is 180 billion yuan.
That’s 2.16 trillion yuan a year.
It is almost double the global revenue of selling [ledizumab] alone.
And this is only the national income.
What about global ones?
The total number will only be more exaggerated!
There are 7 billion people in the world!
[Chaoqun Group] added this sentence at the end after releasing this information:
Currently, [Cancer Care-Free] can only be purchased domestically and is open to domestic people. As for overseas people, the group is actively negotiating and communicating with various countries and striving to launch [Cancer Care-Free] overseas as soon as possible to meet the insurance needs of overseas people.
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As soon as this news was released, public opinion completely changed.
People who had been criticizing [Chaoqun Group] and saying that [Chaoqun Group] had transformed from dragon-slaying warriors into evil dragons have now turned around and praised [Chaoqun Group] for its high righteousness.
After all, the monthly premium of 300 yuan comes with no waiting period within three months. This alone leaves no reason for criticism.
But!
Previously [Chaoqun Group] had been promoting free drug trials in China.
But now that [Cancer Carefree] is launched, they have to pay.
This makes some stingy people feel unhappy.
However, I am not happy anymore, so I can only scold [Chaoqun Group] privately for being greedy for money, and I have to make even 300 yuan.
But they would never dare to say it face to face.
This thing is just like underwear. Everyone knows you have it, but if you put your underwear on top of your jeans and expose it in public, you will be criticized. Obviously many people see it with gusto in private.
Smart people all know which thing they are talking about!
In fact, it’s all the same.
You can be unhappy in your heart, but you can't say it out loud. If you say it, others will think you have a problem with your character. Maybe the people who criticize you are also unhappy about [Super Group] charging 300 yuan [protection fee].
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300 yuan a month may not seem like much, but it’s 3,600 yuan a year!
Many people, especially young people, are confused when they see this regulation.
To gamble or not to gamble is a dilemma.
If you don’t gamble, if you have been with [Cancer Careless] for many years, but you don’t get cancer, isn’t that a loss?
As for the bet, if you are diagnosed with cancer soon after three months, and you don’t have a million dollars, don’t you have to die? After a year, if you don’t die, there is still hope! And traditional treatment is used in the meantime.
The cost of all treatments adds up to a lot!
This is a dilemma!
Damn [Super Group], they came up with this [Cancer Carefree], not only made them famous, but also made profits.
Different from the struggling mentality of domestic people, people abroad are eager to buy this insurance, especially ordinary people who are suffering from cancer and have no money.
There are always ordinary people in the world.
For them, the difference between one day earlier and one day later may be the difference between life and death.