High income + just to protect the high current product demand risk capital placards still ample supp-www.gdosta.org.cn

High yield + high price products just against the security demand of venture capital placards funds is still ample supply of sina finance Level2:A shares of sina finance: App speed Kanpan live on-line blogger to tutor Pang Huawei told reporters in Guangzhou venture capital placards, 2016 will Haoxiliantai? Back in 2015 the war placards, small insurance firms is worthy of the name "Jupai king", aggressive investment style. Small and medium-sized insurance funds rely on "assets to promote liabilities", placards funds mainly from universal insurance, dividend insurance and investment linked insurance, which is the highlight of universal insurance. In this regard, regulators introduced and brewing a series of measures to strengthen the supervision of high cash value products, universal insurance naturally become the protagonist of supervision. In the Internet insurance veteran Li Lin (a pseudonym) told reporters in twenty-first Century economic report, "2015 universal insurance sales good, 2015 net sales of insurance and financial products is estimated to reach 100 billion yuan, than last year doubled. But in the last quarter, many companies have contracted universal insurance sales under tighter supervision. Net insurance, financial products, universal insurance accounted for more than 90%. At the end of last year to improve the high cash value products to the capital requirements of the new regulations, in order to continue to expand the scale of universal insurance, this year a large number of small and medium-sized insurance companies have plans to increase. I expect this year’s net worth universal insurance will double again." This may mean that small risk capital will continue to rely on expanding the scale of universal insurance brought together a large number of funds in the stock market continue to break through, the king in the placards. Universal insurance demand is still hot in Vanke equity battle, Vanke chairman Wang Shi had pointed out that the first money treasure to purchase 170000 from universal insurance, the insurance funds questioned the short-term debt long-term investment risk. What is universal insurance? Li Lin introduction, universal insurance and life-insurance company is currently the mainstream of insurance products, its guarantee function is weakened to almost negligible, such as the occurrence of death, the insurance company paid the guarantee amount basically is only 105% of the value of universal insurance account. Simply can be regarded as the insurance company’s financial products, the premium for single. Universal insurance sales hot. According to the reporter observed in the insurance company’s official website, Alipay, Jingdong, NetEase and other Internet platforms on many universal insurance products, with high yield, after the line quickly looted. Why is universal insurance going to be so hot? The shortage of current assets, the bank’s one-year deposit rate has dropped to 1.5%, while insurance companies universal insurance insurance proceeds is 2.5%, and the actual rate of return (settlement rate) in recent years in 4%-6%. Reporter access to representative 4 Insurance listed companies announced universal insurance products, the annual settlement rate in January 2016 is 3.5%-5.05%, and some small and medium-sized insurance company net sales universal insurance settlement rate still can reach 6%. Li Lin told reporters: "the key is to date, universal insurance net sales are so rigid payment to the customer’s investment advice is generally what products to buy which high settlement rate." Li Lin speaks frankly. Universal insurance is a magic weapon for small and medium insurance companies to overtake at corners. Universal insurance theory of small and medium sized insurance enterprises

高收益+刚兑保障高现价产品需求 险资举牌资金供应仍充裕 新浪财经Level2:A股极速看盘 新浪财经App:直播上线 博主一对一指导   本报记者 庞华玮 广州报道   险资举牌,2016年是否仍会好戏连台?   回首2015年的举牌大战,中小险企是名符其实的“举牌王”,投资风格凶悍。中小险资靠“资产推动负债”,举牌的资金主要来源于万能险、分红险和投连险,其中万能险是重头戏。   对此,监管层出台和酝酿一系列措施,加强对高现金价值产品监管,万能险自然成为被监管的主角。   从事互联网保险的资深人士李林(化名)告诉21世纪经济报道记者,“2015年万能险销售挺好,2015年网销保险理财产品估计能达到1000亿元,比上一年翻番。但在最后一个季度,很多公司在趋严的监管下已经收缩了万能险的销售。网销保险理财产品中,万能险占到90%以上。针对去年底提高了高现金价值产品对资本金要求的新规,为了继续扩大万能险规模,今年大批中小保险公司都有增资计划。我预计今年网销的万能险还会再翻番。”   这或意味着,中小险资将继续依靠扩大万能险规模汇聚大量资金进行突围,在股市举牌中继续称王。   万能险需求仍火爆   在万科股权争夺战中,万科董事会主席王石就曾指出,宝能系购买万科的第一份钱来自万能险,质疑这种险资资金“短债长投”的风险。   何为万能险?   李林介绍,万能险是目前中小人寿保险公司主流的保险产品,其保障功能弱化到几乎可以忽略不计,比如发生身故,保险公司赔付的保障金额基本上仅为万能险账户价值的105%。简单地可以视为保险公司的理财产品,保费多为趸交。   万能险销售火爆。据记者观察,在保险公司官网、支付宝、京东、网易等众多互联网平台上的许多万能险产品,凭借高收益,上线后很快就一抢而空。为什么万能险会卖得这么火?在资产荒的当下,银行一年期存款利率已下降至1.5%,而保险公司万能险的保底收益是2.5%,且实际收益率(结算利率)近年来多在4%-6%。记者查阅4家保险上市公司公布的代表性万能险产品,其年化结算利率2016年1月为3.5%-5.05%,而部分中小保险公司网销万能险结算利率目前仍能达到6%。   李林告诉记者:“关键是迄今为止,网销的万能险都是刚性兑付,所以给客户的投资建议一般是哪家产品的结算利率高就买哪家。”李林坦言。   万能险是中小保险公司弯道超车的法宝。中小险企万能险规模有多大?   根据保险业协会数据,原保险保费收入主要为传统险、分红险保费收入,保户投资款新增交费主要为万能险新增交费。   国金证券分析师徐飞在研报中以2015年前11月保户投资款新增交费和原保险保费收入的比值观察保险公司业务结构发现:华夏保险、珠江人寿分别达到2930.1%、18354.1%,保户投资款新增交费远高于原保险保费收入;而富德生命人寿、前海人寿、光大永明人寿、幸福人寿、君康人寿对应数值分别为107.6%、351.9%、111.7%、159.8%、438.5%,保户投资款新增交费也明显高于原保险保费收入。   相比之下,上市保险公司的寿险业务对应数值较低,中国人寿、平安寿险、太保寿险、新华保险四家公司该项指标分别为6.8%、40.6%、6.1%、2.4%。   这种依靠万能险保费获得的高速发展是否可持续?这正是目前摆在举牌中小险企的最大问题。   保监会2015年12月下发《关于进一步规范高现金价值产品有关事项的通知(征求意见稿)》(简称“通知”),该通知自2016年1月1日起实施。   通知主要是提高了高现价产品额度对资本金的要求。   李林透露,“这条新规定的影响主要是要求中小保险公司增资,增不到资的,就得控制万能险的规模。今年大批公司都有增资计划以扩大万能险的规模,我估计今年万能险的网销量会翻番。”   举牌会否引发流动性危机?   而去年万能险的结算利率普遍在5%以上,为了保证收益水平,保险公司积极配置股票,举牌上市公司。   回顾2015年,特别是进入2015年11月份以来,保险资金纷纷举牌上市公司:安邦保险举牌远洋地产(03377.HK)、同仁堂(600085.SH)和金风科技(002202.SZ);前海人寿举牌万科A(000002.SZ);阳光保险举牌中青旅(600138.SH)、京投银泰(600683。SH)和承德露露(000848.SZ),富德生命人寿举牌浦发银行(600000.SH)。   根据保监会的最新数据显示,2015年保险资金投资在股票和基金共16968.99亿元,权益投资占比15.18%。与之对比,2014年保险资金投资在股票和基金10325.58亿元,占比11.06%。2015年险资的权益类投资有了明显提升。而欧美成熟市场的险资的权益类投资比例大多在30%-40%。   目前保险公司举牌的行业主要集中在房地产和金融公司。国泰君安的研报显示,在被举牌的上市公司中,房地产公司占比31.25%,其次为银行。   广发证券分析师曹恒乾认为,险资举牌动机是坐稳大股东,享受高分成。持股比例超过 20%时,投资收益可计为权益法,即无论被投资公司是否分红,投资方均可按照其持股比例分享相应的归于上市公司股东净利润分成(注:股票年度分红计入保险公司当期的投资收益)。考虑到目前被热门举牌的公司大多质地较为优良,均是金融、地产等高ROE品种,若能坐稳持股比例并行使权益法,则有望享受到较高的投资收益分成和增长。   不过,曹恒乾也指出,中小险企寻求举牌上位需要大量资金消耗,若在股权争夺中失利,则可能面临严峻危机,特别是借助杠杆寻求资金使得风险加倍。举牌扫货虽然能为险资账面价值增值不少,但同时也禁锢了其最关键的流动性功能,容易爆发流动性危机。   而李林则有不同看法,他认为,保险公司有较优秀的投资团队,举牌优质蓝筹股是较好的投资,而且由于万能险设置类似封闭基金,在限期内退保的成本较高,所以退保率一般能控制在一定范围,此外,万能险滚动销售,许多产品的新增销售规模一年比一年大,足以应付退保带来的流动性问题。   (编辑:简俊东,邮箱:jianjd@@21jingji) 进入【新浪财经股吧】讨论相关的主题文章: