Chapter 1182 Acquisition of an Insurance Company

Gu Yue curiously and excitedly took the information from Chen Changliu's hand and couldn't wait to read it carefully.

It's not that Gu Yue has never seen the world. His father is a boss at the same level as Wu Feng's father. He has also been a manager in a Fortune 500 company, so he must have seen a lot of the world.

But she knew better what the information Chen Changliu handed over meant.

Because this means that Chen Changliu has accepted her and accepted her as Wu Feng's fiancée.

It also means that she will get the opportunity to work with Chen Changliu.

We must know that this kind of opportunity is not limited to the whole country. If people all over the world knew about the situation of people around Chen Changliu, they would definitely have the same emotions as her.

Because they cooperated with Chen Changliu in business, no one who became Chen Changliu's ally was unsuccessful, and no one did not have outstanding achievements in their own field.

Wu Feng didn't feel too much, after all, his relationship with Chen Changliu was here.

For the next 10 minutes, Wu Feng and Chen Changliu chatted quietly, while Gu Yue looked at the information carefully.

When Gu Yue put down the information, she took a deep breath and looked at Chen Changliu and said confidently:

"Mr. Chen, I have finished reading the information. In one sentence, there is a lot to be done.

Last year, the insurance penetration of our country's insurance market was 3.4%, and the insurance density was US$121.2.

Insurance penetration refers to the ratio of premium income to the gross domestic product (GDP) of a certain place, reflecting the position of the local insurance industry in the entire national economy.

my country’s insurance penetration of 3.4% ranks 44th in the world, lower than the global average of 7.0%.

This shows that there is still room for further improvement in the status of my country's insurance industry in the national economy, and there is still a certain gap compared with some countries and regions with more mature insurance markets.

Insurance density refers to the per capita insurance premium calculated based on the local population, reflecting the extent to which local citizens participate in insurance.

Last year, my country's insurance density was significantly lower than the global average. The global insurance density is US$595.1, while my country’s is only US$121.2, ranking 64th in the world.

This shows that the degree of insurance participation by Chinese citizens is still at a relatively low level, and the popularity of the insurance market needs to be further improved.

Of course, we cannot just look at comparisons with other countries. After all, the national conditions of each country are different.

But judging from the current economic conditions of our country, the insurance industry does still have a lot of room for development.

We can see from the economic foundation, market demand environment, and the current development of the industry that the domestic insurance industry has great development potential:

Economic fundamentals:

1. Driven by economic growth: my country’s GDP has maintained growth this year, and economic development has provided a solid material foundation for the insurance industry.

People's income levels continue to increase with economic growth, which gives residents more disposable funds to purchase insurance products and enhances their ability to consume insurance.

For example, the per capita disposable income of urban residents and the per capita net income of rural residents have increased significantly compared with the past, providing financial guarantee for the expansion of the insurance market.

2. Changes in industrial structure: The rapid advancement of industrialization has led to the continuous development of various industries, and the risks faced by enterprises have become increasingly diversified, such as accidents during the production process, equipment damage and other risks. This has prompted enterprises to invest in property insurance and other insurance types. demand increases.

At the same time, the adjustment of industrial structure has also brought about changes in employment forms. People are paying more attention to their own occupational risks, pension security and other aspects, which has promoted the development of personal insurance business.

Market demand:

1. Increased risk awareness: With the development of society and the improvement of people's living standards, residents' awareness of risks continues to increase, and their insurance awareness gradually awakens.

More and more people are beginning to realize the importance of insurance in dealing with various risks, such as illness, accidents, property losses, etc., and their demand for insurance products is becoming increasingly diversified.

Whether it is individuals or businesses, the demand for insurance is constantly increasing, providing a broad market space for the development of the insurance industry.

2. Changes in demographic structure: my country’s population is aging, and the issue of pension security is becoming increasingly prominent.

The increase in the elderly population has led to rising demand for products such as pension insurance and long-term care insurance, which has brought new development opportunities to the insurance industry.

At the same time, the downsizing of family structures has also increased people's reliance on insurance to cope with various risks that families may face.

The industry itself:

1. Insurance business growth: Although the growth rate of my country's life insurance business has slowed down this year due to structural adjustment, the overall premium income still maintains a growth trend. The original insurance premium income of insurance companies reached 1,113.727 billion yuan, a year-on-year increase of 13.8%.

Various types of insurance, including property insurance, life insurance, health insurance, and accident insurance, have developed to varying degrees. The business scale of the insurance market continues to expand. my country's premium income ranks sixth in the international rankings. The status of the insurance industry in the national economy continues to increase.

2. The strength of the industry has been enhanced: The overall strength of insurance companies has been significantly enhanced, and the scale of assets has expanded rapidly. The increase in solvency supervision has promoted the improvement of the overall capital level of the industry, and the capital strength has been greatly increased.

The reform of insurance companies is advancing steadily, and some large insurance companies have improved their competitiveness and influence through restructuring and listing..."

Listening to Gu Yue's eloquent and endless talk about whether my country's insurance industry has potential, Chen Changliu couldn't help but sigh that he was worthy of being a manager in an insurance company.

Not only is he eloquent, but he also has a good vision for the insurance business.

He was very patient and didn't interrupt Gu Yue.

"Mr. Chen, although the largest share of the United Insurance Company you showed me is still in the hands of state-owned enterprises, their current poor operating conditions, although they can't reach the point of negative assets, the value will not be too high.

If you want to get more than 50% of the shares and achieve the purpose of controlling, 400 million or 500 million should be enough."

Hearing Gu Yue's judgment, Chen Changliu nodded and looked at Wu Feng. Wu Feng immediately understood what Chen Changliu meant and nodded gently.

"Okay, sister-in-law, we will arrange someone to cooperate with you to do this. I wonder if you are willing?"

Chen Changliu's words made Gu Yue overjoyed.

"I have no problem........."

PS: The typos will be corrected later.