Recently, the "transcripts" of listed insurance companies in 2023 have been released one after another. Among them, the overall performance of the property insurance industry is bright, and the profitability of the company remains stable, showing strong development resilience as a whole. The annual report shows that in 2023, the auto insurance business of listed insurance companies grew steadily, and the non-auto insurance business continued its high growth trend, which became an important driving force for the growth of property insurance premiums. At the same time, many insurance companies also showed optimistic expectations for premium growth in 2024 at the performance conference. According to the data of the State Financial Supervision and Administration Bureau, in 2023, the original premium income of property insurance companies was 1.59 trillion yuan, and the compensation expenditure was 1.07 trillion yuan. Among them, the premium income of auto insurance, liability insurance, agricultural insurance, health insurance and accident insurance was 867.3 billion yuan, 126.8 billion yuan, 143 billion yuan, 175.2 billion yuan and 50.9 billion yuan respectively.

    The auto insurance market is mixed.

    Auto insurance has always been the basic disk of the property insurance industry. Since 2023, under the influence of many factors, such as travel recovery, frequent disasters and rising cost competition, it is challenging for property insurance companies to realize underwriting profit. According to the annual report, PICC P&C Insurance, Ping ‘an Property Insurance and Taibao Property Insurance, the "old three companies" in the property insurance industry, realized the original premium income of about 1 trillion in 2023, accounting for about 63% of the market share, and the Matthew effect formed by the scale advantages of the three companies continued to intensify.

    Among them, the auto insurance premiums of these three companies totaled 602.99 billion yuan, up 5.7% year-on-year, and contributed 15.765 billion yuan of underwriting profit with nearly 70% market share, exceeding the profit level of the entire auto insurance industry. Specifically, PICC P&C has the largest auto insurance business, with a premium income of 285.626 billion yuan, a year-on-year increase of 5.3%; Ping An Property & Casualty Insurance and CPIC Property & Casualty Insurance earned 213.85 billion yuan and 103.514 billion yuan respectively, up 6.2% and 5.6% respectively.

    Despite the steady growth of auto insurance premiums, the "third family" of the property insurance industry has to face the reality that underwriting profits have fallen sharply. The data shows that PICC P&C Insurance, Ping An Property Insurance and CPIC Property Insurance realized underwriting profits of 8.623 billion yuan, 4.732 billion yuan and 2.41 billion yuan respectively, down by 41.1%, 41.09% and 15.02% respectively.

    In this regard, industry insiders analyzed that on the one hand, the demand for public travel increased after the epidemic, and the frequency of using cars increased sharply. In addition, in 2023, some areas were affected by natural disasters such as heavy rain and typhoons, and the number of auto insurance reports increased, and the pressure on insurance companies to pay compensation continued to increase. On the other hand, in 2023, insurance companies gained greater autonomy in pricing, and some insurance companies may adopt more radical pricing strategies, resulting in insufficient premium income to cover the increased compensation costs.

    There is another phenomenon worthy of attention in the 2023 annual report, that is, the proportion of new energy auto insurance has risen rapidly. In recent years, with the popularization of new energy vehicles, consumers’ demand for new energy auto insurance is also rising. At the annual performance conference, Yu Ze, vice president of PICC China, said that the growth of PICC P&C insurance business in 2023 mainly comes from the growth rate of new energy auto insurance. According to the annual report of the group, the number of new energy vehicles underwritten by PICC China in 2023 increased by 57.7% year-on-year. Taibao Property & Casualty also showed in the annual report that in 2023, the company explored a new business model of new energy vehicles, integrated the overall layout into the automobile industry ecology, and established a flat cooperation mechanism with car companies. In 2023, new energy auto insurance increased by 54.7% year-on-year.

    However, compared with traditional fuel vehicles, the comprehensive cost ratio of new energy auto insurance is higher, which directly affects the underwriting strategy and profit of auto insurance; The "three highs" of high premium, high risk rate and high payout ratio have been puzzling insurance companies and policyholders. Experts in the industry believe that new energy auto insurance has not yet achieved profitability from the industry level, but large insurance companies have excellent comprehensive cost ratio due to their advantages in resources and talents, and the future of new energy auto insurance is worth looking forward to. Yu Ze revealed that the comprehensive cost ratio of new energy vehicle commercial insurance of PICC P&C Insurance is about 7 percentage points higher than that of auto insurance as a whole. Gu Yue, chairman of CPIC Property & Casualty, said that CPIC Property & Casualty conducted a project research on the new energy auto insurance market three years ago. In 2023, the growth rate of the company’s new energy auto insurance exceeded 50%, accounting for 1 to 2 percentage points higher than that of the industry. Although the new energy auto insurance is still losing money at present, the comprehensive cost rate will show a downward trend in 2023. "We are full of expectations for the future development of new energy auto insurance. The company will give full play to the role of the head enterprise and take the lead in trying first, and actively promote the high-quality development of China’s auto industry." Gu Yue said.

    Deeply cultivate the market, explore and innovate

    Non-auto insurance is the "second growth curve" of property insurance companies. In 2023, the original premium income of PICC P&C non-auto insurance business was 230.181 billion yuan, an increase of 7.4%; The original premium income of non-auto insurance business of CPIC Property Insurance was 84.828 billion yuan, an increase of 19.3%; Sunshine Property Insurance’s non-auto insurance business realized the original insurance premium income of 18.10 billion yuan, a year-on-year increase of 14.9%; Taiping Property Insurance’s non-auto insurance service income increased by 16.7%, and its business structure continued to be optimized.

    From the perspective of insurance types, Italian health insurance, liability insurance and agricultural insurance have developed rapidly. In 2023, PICC P&C’s planting insurance and breeding insurance business continued to maintain rapid development, and agricultural insurance realized insurance service income of 52.857 billion yuan, a year-on-year increase of 10.6%; Accidental injury and health insurance business realized insurance service income of 43.747 billion yuan, an increase of 23.8%. The original premium income of freight transportation insurance of China continent insurance was 1.406 billion yuan, an increase of 31.7%. The original premium income of CPIC Property & Casualty Liability Insurance was 19.657 billion yuan, up by 31.4%;

    Yu Ze said that PICC P&C always attaches great importance to the profitability of non-auto insurance and continuously improves its profitability. On the one hand, innovate the development model of "insurance+risk reduction service+technology"; On the other hand, take the initiative to reduce some businesses and carry out comprehensive management of high compensation. "Under the normal disaster level, PICC P&C will control the comprehensive cost ratio of non-auto insurance within 100% and strive for further optimization." Yu Ze said.

    The relevant person in charge of Sunshine Property Insurance said that in the non-auto insurance business sector, Sunshine Property Insurance continued to improve the pricing ability of non-auto insurance products and risk service solutions based on serving the national strategy and supporting the real economy, and established a non-auto insurance data life table system with "one table and two volumes" as the overall framework, which supported the underwriter’s business quotation ability, led and supported the sales team’s market expansion ability, and further consolidated the balanced development foundation of non-auto insurance business.

    Compared with the traditional insurance companies which mainly focus on auto insurance, Zhongan Online Property Insurance Co., Ltd. is based on its own specialty, and has paid more attention to the potential network market. For example, e-commerce insurance products that provide scenes such as return, quality, logistics, after-sales service and merchant performance payment for e-commerce platforms; Continue to introduce products such as pet insurance, accident insurance for innovative scenes, broken screen insurance for mobile phones, drone insurance and home property insurance. In terms of performance, in 2023, the total premium of Zhongan’s online e-commerce business segment reached 6.593 billion yuan, a year-on-year increase of 25.3%; The premium of air travel business segment reached 3.242 billion yuan, an increase of 89.0%; The total transaction volume of pet insurance reached 500 million yuan, an increase of nearly 150%. Diversified scenarios mean a broader market space, but it also means that Zhongan Online needs to continuously improve its actuarial and service capabilities.

    Taking pet insurance as an example, the annual report shows that Zhongan Online’s pet insurance covers six categories of spontaneous disease protection for pets, with health management services, including deworming, vaccination, online consultation and dietitian consultation, as well as optional value-added protection such as pet third-party liability insurance and pet death compensation. However, the reporter also noticed that there have been many complaints about Zhongan online pet insurance on major complaint platforms and various social media. Specific complaints include that the insured thinks that the insurance clauses are ambiguous, does not understand the reasons for refusing to pay compensation, refuses to pay compensation without reason or reason, etc.

    Experts said that after the comprehensive reform of auto insurance, the property insurance industry still needs to increase its efforts to develop non-auto insurance business. Only when multiple sectors go hand in hand can it better help the insurance industry to play the role of "stabilizer" and "shock absorber".

    Preventing and controlling risks and helping development

    The Central Financial Work Conference and this year’s "Government Work Report" both put forward that five major articles on technology and finance, Green Finance, inclusive finance, Pension Finance and Digital Finance should be well written, which pointed out the direction for the high-quality development of the financial industry. "Serving the overall situation of the country" and "doing five major financial articles well" have become hot words in the annual reports and performance conferences of listed insurance companies.

    According to the annual report, the amount of risk protection undertaken by PICC China in 2023 exceeded 3,500 trillion yuan, and by the end of 2023, the investment scale of implementing "eight strategic services" was nearly 800 billion yuan. At the performance meeting, Zhao Peng, vice chairman and president of PICC China, also introduced the Group’s measures to serve the country, including the outstanding achievements of serving the construction of modern industrial system, rural revitalization, self-reliance in science and technology, improving people’s livelihood and well-being, and green development. Among them, in terms of self-reliance and self-reliance in service technology, China PICC underwrites 110,000 high-tech enterprises, providing 87.2 trillion yuan of risk protection; In terms of green insurance, it provided 75.5 trillion yuan of risk protection, a year-on-year increase of 20.4%.

    China Taiping has comprehensively incorporated the strategic evaluation index system of serving the country into the group budget and the assessment of subsidiaries, which is closely integrated with the high-quality development of business. By the end of 2023, China Taiping had provided 137 trillion yuan of risk protection for the whole society, an increase of 6.3% over the beginning of the year. Among them, the premiums of social security insurance, agricultural insurance, green insurance, catastrophe reinsurance and strategic emerging industry insurance all increased significantly.

    Behind the eye-catching "transcripts" is the determination of insurance companies to spare no effort to explore deep-seated business model changes, and it is also a node for the current high-quality transformation and development of the insurance industry.

    Wang Tingke, chairman of PICC China, once said that the new business model has different manifestations in different business fields of insurance companies. In terms of property insurance, PICC China has implemented the business model of "insurance+service+technology", defined the positioning of different business segments, and proposed to do better and strengthen the core business of property insurance. "PICC P&C will deepen the implementation of the risk reduction service project, innovate and practice the business model of’ insurance+risk reduction service+technology’, improve the matrix management system, and accelerate the construction of world-class property insurance companies." Wang Tingke said.

    The annual report released by China Taiping also revealed the group’s powerful measures for risk prevention and control in 2023. Among them, in strengthening the comprehensive risk management system, the group has established and improved the working mechanism of risk screening in advance, timely warning and decisive response; In strengthening internal audit compliance construction, focus on key areas, carry out special risk investigation, promote early identification, early warning and early disposal of potential risks, and actively resolve stock risks. At the same time, the Group also promoted the effective transmission of risk appetite and effectively prevented the occurrence of unexpected risk events.

    When talking about the importance of risk reduction management, Wang Tingke said that preventing and resolving major risks is the key task of current financial work and the eternal theme of financial and insurance enterprises. People’s Insurance Company of China will continuously upgrade the Comprehensive Risk Management Action Plan, make great efforts to improve the foresightedness, initiative and effectiveness of risk management, and ensure high-quality development with high-level safety. At the same time, PICC China will further strengthen digital construction, formulate and implement digital construction action plans, strengthen the application of new technologies such as artificial intelligence in insurance scenarios, and effectively improve the level of digital intelligent operation management and customer service capabilities. (Reporter Wu Yadong)

Profile: Zhang Jian, male, born in July 1983, is the captain of the second team of criminal police in the responsibility area of Tianjiaan Branch of Huainan Public Security Bureau, and was elected as "Huainan Good Man" in the first quarter of 2019.

Zhang Jian, born in July 1983, holds a bachelor’s degree in party member, CPC, and joined the public security work in August 2007 with the rank of first-class superintendent. In 2007, after graduating from Anhui University of Science and Technology with the major of Ammunition and Explosive Technology, Zhang Jian gave up his high-paying job and became a glorious criminal policeman through strict recruitment. In the front line of criminal investigation, Zhang Jian always keeps in mind that the mission is to take responsibility and work hard to create brilliance.

Since Zhang Jian became the captain of the Second Criminal Police Team, he has led all the comrades of the Second Criminal Police Team around the center, faced difficulties, and constantly expanded and strengthened the main business of criminal crackdown. The number of criminal cases in the jurisdiction has decreased year by year, and the number of crackdown treatments has increased year by year. From January to October, 2017, under the leadership of Comrade Zhang Jian, the performance of the Second Criminal Police Team was greatly improved compared with the same period of last year, in which the number of criminal detentions, arrests and transferred prosecutions increased by 20.4%, 37.5% and 12.6% respectively. All the task indicators issued by the branch at the beginning of the year have been overfulfilled.

First, the iron fist captures the magic. He is the "Desperate Saburo" of Huo Yan Jin Jing.

Someone asked, what is important to be a criminal policeman? The first answer given by Zhang Jian is "responsibility". He said that no matter what kind of case you handle, as long as you have a sense of responsibility, you will lay a solid foundation for solving the case, and you will be able to overcome many difficulties and break through many deadlocks!

On January 9, 1995, a case of intentional homicide occurred at the family building site of Huainan Construction Bank. After the incident, four suspects, including Yao, were arrested one after another, but the suspect Sun Mourui was like into thin air, and there was no trace to be found. By April of 2016, in order to make the deceased close, and to bring the suspect Sun Mourui to justice, Comrade Zhang Jian visited Sun Mourui’s former residence many times, and learned that Sun Mourui had died since his childhood, and he was more harmonious with his wife Yao Morong after he founded a family, and he was also more fond of his only son Sun Moule. In the early days of Sun Mourui’s escape, his wife Yao Mourong had a hard time living with his youngest son Sun Moule. Soon after, they went to work and live in other places and changed their contact information. Subsequently, Comrade Zhang Jian conducted a peripheral investigation on Yao Morong and his son Sun Moule, and successfully obtained the mobile phone numbers used by them. Through the careful analysis and judgment of the phone bill data of the two people, after many times of screening and collision, the mobile phone number used by the suspect Sun Mourui was analyzed. When analyzing the number, Zhang Jian found that Sun Mourui’s brother Sun Moulun’s daily train track is similar to that of the mobile phone number, and he has been active in Chizhou for a long time. Zhang Jian confirmed that Sun Moulun himself had never been to Chizhou City and did not hold this number, which was closely related to Sun’s wife and son. Based on this, Zhang Jian boldly concluded that the suspect Sun Mourui was living in Chizhou City by using his brother Sun Moulun’s ID card. Subsequently, Zhang Jian quickly led the police to Chizhou City.Sun Mourui, who was hiding in a factory in the city, was successfully arrested in one fell swoop, and the 21-year-old murder case has come to a satisfactory end.

He is a thoughtful "expert in solving crimes"

An excellent investigator should not only be able to "detect" but also be good at "examining". This requires investigators to have a wide range of knowledge, be proficient in business, be able to deal with people in all aspects, accurately "paint pictures" for different groups of people, and gain the method of "looking, smelling, asking and cutting", so as to find the key points, hit it with one blow and lock the victory.

At about 23: 00 on April 22, 2000, after the victims Liu and Liu walked from Aotian Entertainment City in Tianjiaan District to Shanghu Village, they were robbed by four men with knives. When Liu resisted, he was injured by the suspect Wang, and was later identified as seriously injured. After the incident, one of the three suspects involved in the case was sentenced to death and the other two were sentenced to more than 10 years in prison. At that time, because Wang had no hukou, his information on escape was only his name, and other identity information was unknown. This year, since the municipal bureau launched a serious violent crime case, Zhang Jian volunteered to try his best to solve the case. After reading a large number of original files, Zhang Jian finally opened a breakthrough from Wang’s good family and fixed Wang’s criminal suspect who was really involved in the robbery that year. However, in the face of the trial, Wang said nothing. Zhang Jian was not in a hurry for success. He chatted with Wang and built up a full sense of trust. He found that Wang was so worried about raising his children that he was "afraid of sin" and "lucky" to avoid the heavy and neglect the heavy. In order to avoid the words "knife" and "robbery" from over-stimulating the suspect, he adopted the strategy of bypassing and step by step, and skillfully dealt with the suspect. After an all-night game, Wang confessed all the criminal facts truthfully. In order to solve the case, Zhang Jian’s eyes were broken after working overtime and all-night interrogation for many days, but he still insisted on sending Wang to the detention center before going to the hospital. In March 2017, Wang Mohao was sentenced to 12 years and 6 months in prison by the court for alleged robbery.

At 22 o’clock on February 7, 2016, the victim Hu reported that he returned to his home in the North Building of Gemini in Tianjiaan District of Huainan City that night and found that his home was stolen. The stolen items were worth more than 40,000 yuan. Since 2015, there have been many cases of burglary in high-end residential areas in Tianjiaan District, which are of great value and have a bad social impact. Zhang Jian quickly organized the squadron police to set up a task force to carry out work around the scene, monitoring and similar cases. Through a lot of analysis and judgment, Zhang Jian found that Cheng Mou was suspected of committing a major crime. At 11 o’clock on March 17, after several days of observing, Zhang Jian and others successfully arrested the suspect Cheng Mousi and found a large amount of stolen property and tools for committing crimes from his home. At the beginning of the review, the suspect Cheng Mousi refused to admit that there were many criminal facts of burglary. Zhang Jian carried out legal propaganda and policy attack on him according to the evidence he had mastered. In the face of iron evidence, Cheng Mousi’s psychological defense line collapsed and truthfully confessed more than 40 cases of burglary since 2015. CCTV’s legal report column and major media in provinces and cities have successively conducted special interviews and reports on this case.

Third, the iron man is tender. He is a "pioneer" who dares to take responsibility.

Choosing the profession of criminal investigation police means sacrifice and dedication. Since he was a policeman for 10 years, Zhang Jian rarely accompanied his parents, wife and children for the New Year, and most of his holidays were spent at work. Especially after serving as the captain, Zhang Jian always appealed to infect everyone with his words and deeds. He always smiled and said to everyone, "I am party member, and I am the captain. I am a major case and a crisis. Of course, I have to charge ahead." But in the face of his family, Zhang Jian often chooses to "wait" and "talk about it later" … because he knows that criminal investigation serves the people, and he must do everything with his heart in order to be worthy of the trust of the people and colleagues and to be worthy of this treasure.

On January 27, 2017, at 4 o’clock in the morning on New Year’s Eve, a masked man broke into the Dream Elf Hotel in Renmin South Road, Tianjiaan District with a simulation gun. After threatening the bar waiter Liu with words, he took away the 5050 cash in the bar drawer. The social impact was extremely bad. After the incident, Zhang Jian immediately led the squadron police to investigate the case. First, conduct a detailed investigation around the crime scene and extract relevant trace material evidence; The second is to take the scene as the center, and extend to the surrounding area to retrieve a large number of surveillance videos to obtain the escape trajectory of the suspect; The third is to visit the crime scene and surrounding areas to find criminal clues. Through a lot of work, Zhang Jian found that a robbery case in Huainan Development Zone on January 19 and a robbery case in Tianjiaan District on January 25 could be investigated together with this case. Through the in-depth analysis of the law and characteristics of criminal suspects, it is found that most criminal suspects stay or rest in some small baths and black internet cafes after committing crimes. After discovering this situation, Zhang Jian focused on the various baths and black Internet cafes in the city. Through unremitting efforts, on January 31, Zhang Jian found that the suspect appeared in a small bath in the north of Tianjiaan District, so he led the police of the task force to arrest the suspect Zhou in one fell swoop in the bath. And Zhang Jian has been working continuously for four days and nights, because he knows that as long as the case is not broken, the haze hanging over this Spring Festival and thousands of lights will not disappear for a moment.

In the 10 years since he was a policeman, Zhang Jian has never taken a public holiday, how many times he has traveled day and night, and how many times he has been busy in other places, which is common to Zhang Jian. Everywhere, he put public security as the priority, people’s interests as the priority, with his family’s entrustment and exhortation, with infinite concern and guilt for his loved ones, devoted himself to investigation and solving cases with the highest standards, the strictest requirements, the hardest measures and the best mental state, and repaid his family’s understanding and support with one good news after another and one medal after another. With his loyalty to the party and the people, his selfless hard work, his wisdom and sweat, his bravery and fearlessness, Zhang Jian maintained social stability and the people lived in peace, and explained the value pursuit of an Interpol captain.

Zhang Jian has been a policeman for more than ten years, always hating evil and caring for the masses, practicing the duties and mission of a criminal policeman. He is a "sword" that scares criminals, but he is the warmest "detective" in the hearts of the people. He takes the lead in setting an example, showing the responsibility and actions of a party member cadre. He is the closest "good brother" in the team, but the most familiar "stranger" at home. In view of his outstanding work and outstanding achievements, Zhang Jian won the first-class merit of the "Top Ten Loyal Guards" of the provincial public security organs and the Ministry of Public Security once, the municipal bureau award in 2009, the personal third-class merit in 2010, the personal third-class merit in 2012, the personal third-class merit in 2013, the outstanding civil servant in 2010-2012, and the May 1st Labor Medal in 2015.

Source: Huainan Civilization Office

Huainan released the second wave of fan welfare in May.

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Publicity film on eliminating evils in Huainan Economic Development Zone