1 21 May, the China Insurance Regulatory Commission announced punishment information, Allianz single visit by the new standards would change after surgery with the Operations Vice President responsible person liable to a fine of 50,000 yuan Xia Boen. Both of these fines, both the company and the individual are a lot of punishment so far in the China Insurance Regulatory Commission fined record high.
the first tickets for the New Year, while also convey some sort of monitoring trends in the New Year. Regulatory authorities in 2011 will be more emphasis on the previously announced regulations for the implementation of measures such as the implementation of inspection. Content and the punishment is more detailed than before.
CIRC Chairman Wu Dingfu, in January 11 held a national work meeting on insurance supervision, the new year, the insurance industry should accelerate the transformation of the mode of development the main line, around the risk, steady growth
dividends, universal return visit has been subject to heavy penalties if surgery is not up to
Punishment, according to China Insurance Regulatory Commission announced
content display, in March 2010, Allianz Insurance Regulatory Commission conducted on-site inspection. Found during inspection, in November 2009, Allianz China if its new standards for single-visit patients were modified, the modified technique is still the case with the China Insurance Regulatory Commission,
specific performance: First, investment company, universal insurance is not clear if patients are entitled to prompt hesitant to surrender during the interests of the insured fails to confirm whether it knows the matter of insurance liability and exclusions, the insured is not explicitly recognized whether it knows the cost of deductions and the deduction of the percentage or amount; Second, insurance dividends, then surgery is not explicitly prompted hesitation can enjoy during the surrender rights.
information, September 27, 2009 China Insurance Regulatory Commission issued play an important role.
CIRC also clear that, to ensure that large penalties, and disclosure to the community through public and media oversight, etc., to increase illegal costs.
from
penalty IA [2011] Document No. 1 show in the Allianz insurance company, then surgery to modify host telephone visit by the regional service manager, Xiao Yan, chaired by e-mail discussion and communication within the company, and by mail vice president of operations reported to the competent Xia Boen, Xia Boen not objected to this, if the new technique on 7 December 2009 formally launched.
Allianz
standard technique violation, then visit a direct result of the actual completion of the telephone visit does not meet the regulatory requirements. It is reported, October 1, 2009 to March 31, 2010, Allianz China totaled 22,168 new life insurance products up call.
Allianz
the above violation of the requirements, in accordance with , Xiao Yan was directly responsible shall be imposed administrative punishment. The penalty fine of a total of 35 million.
11 years of performance, such as the establishment
Wang Xiaoer New Year
information, Allianz Life Insurance Company, December 28, 1998 approved the establishment by China Insurance Regulatory Commission, January 25, 1999 officially opened in Shanghai, China approved the establishment of the EU's first joint venture insurance companies. Currently, the registered capital of 20 billion yuan, accounting for Allianz Insurance Group 51% equity, equity accounted for 49% of CITIC Trust, is to set up earlier, more stable life insurance companies share one.
founded 11 years ago, Allianz is currently in Shanghai, Guangdong, Zhejiang, Sichuan, Jiangsu, Shenzhen, Beijing and Shandong provincial set up 8 branches, 60 sales service centers. Covering life, pensions, investment, education, health, accident and other fields.
aloof Fanggu Dong, 1910, the Allianz Group, the major port cities in China such as Shanghai, offering insurance business. Property Insurance is now established Allianz Insurance Company Guangzhou Branch; asset management company, the League of Nations Stabilization Fund Management Co., Ltd.; and travel assistance, Mondial Assistance (China).
But whether it is established in China, Allianz Life Insurance Company, or Allianz, the performance is not outstanding. The premium seating declining trend as well.
public information, in 2004, ranked 28 in its foreign life insurance companies in the first 17, the premium income of 1.9 billion, foreign life insurance company ranked No. 8; 2005, life insurance companies increased to 36 , its rank as the competitive pressures are intensifying and slide down to the 18th, when the premium income of 300 million yuan.
2006 Allianz year is the best year, ranked 14th, the premium income of 1.2 billion, quadrupled over the same period, and its foreign allies in the ranking after and Italy, and Prudential Life Insurance, ranked No. 4.
but the end of 2007, the rankings show the downward trend again. Ranked 16th in the industry, the premium income of 3.0 billion, foreign life insurance companies ranked 5th. Then in 2008, its ranking and then two, to 18, the premium income has shrunk to 24 billion in foreign life insurance companies ranked 4th.
2009 by the end of Allianz's ranking suddenly dropped to No. 27, the premium income of 1.8 billion, foreign companies have several overtaking the front of the Sino-British life insurance and other U.S. metropolis.
2010, the Allianz is more eye-popping performance, the industry fell to the No. 34 ranking, the premium income of 1.4 billion. In the foreign life insurance companies, its not as stable as established companies such as AIG, nor cutting-edge Sun Life Everbright, China and the U.S. city that has impact, heavy foreign life insurance company fell to 12th.
establishment of such a result for a 11-year old company, actually down a bit. Moreover, in recent years, growing life insurance companies in China, there are no outstanding operating characteristics in the case, it is difficult to meet the challenges of competition.
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