Transformation: the road of insurance transformation in the engineering machinery industry, is it real insurance?
Industry transformation is an opportunity for development, but at the same time, it is also a helplessness for the development of enterprises. Therefore, for the transformation, the enterprise requirements seem to be more consistent, that is, the urgent need to hunger, to save the business.
With the continuing downturn in the main industry of engineering machinery, the engineering machinery giants have transformed, and the insurance industry has become the focus. The day before, 31 engineering machinery giant group announced that the group's professional insurance company Jiulong property insurance limited company (hereinafter referred to as the "Jiulong insurance") officially opened in Zhuhai hengqin. ZOOMLION also recently announced that the company intends as the main sponsor, investment is not more than 240 million yuan and other 7 corporate shareholders jointly initiated the establishment of property insurance Limited by Share Ltd taiho.
In March 18th, 31 of construction machinery giant group announced that the group's professional insurance company Jiulong property insurance company officially opened in Zhuhai hengqin.
Public data shows, fifteen shareholders from 31 insurance Jiulong group and Zhuhai local capital giant Zhuhai Hengqin Investment Co. Ltd. jointly set up, the company is headquartered in Zhuhai Hengqin FTA, the registered capital of 1 billion yuan.
It is understood that the Department of insurance Chinese Jiulong first IOT based insurance company, its main business is the business of property insurance, special vehicles and equipment manufacturing enterprises related to property insurance, liability insurance, credit insurance and reinsurance business.
It is worth noting that, in March 16th, engineering machinery, another giant ZOOMLION also announced that the company will invest 240 million yuan and not more than 7 other corporate shareholders jointly initiated the establishment of property insurance Limited by Share Ltd taiho.
However, the 31 and China Federation of related insurance industry is only a microcosm of the insurance industry of the listed companies. Since March, a number of listed companies have been involved in the establishment of insurance companies. Each capital vied for the insurance market, trying to do? What is the transformation of the concept of speculation need or new wine in old bottles?
The insurance industry has become xiangbobo
For listed companies to participate in the upsurge of insurance companies, some analysts believe that most companies are hoping for a cup of soup in the fast rising period of the insurance industry.
According to the analysis of the industry, with the decline of main business, construction machinery enterprises need to make up the capital flow from other fields to maintain the operation of the company, and the insurance booming at home is currently a breakthrough for financing.
Non omnipotence of participation in insurance
Last year, the insurance industry launched a "war of cards", which made the listed company an eye opener. It not only saw the power of the insurance company, but also saw the capital advantage of the insurance industry, so they all wanted to take advantage of the fast rising Dongfeng insurance industry.
It is undeniable that some listed companies invest in the equity of insurance companies in order to transform, improve the company's industrial chain and cultivate new profit growth points. But it can't be ignored that some companies are purely financial investments, hoping to get a licence premium in a short time. In capital market operation, there will probably be risks due to quick success and instant benefits.
Insurance licenses look beautiful, but not all businesses can get a slice of the soup. Facts are better than eloquence. "100 year life, mass insurance, China and France life, and so on are all due to lack of payment, there have been the transfer of equity. Last year, the United States and Asian financial insurance companies and other companies have increased the amount of losses, not to say goodbye to the car insurance market. Wu Fang, an analyst at the insurance industry, said.
Telling stories and catching hot spots has always been a good thing for a listed company. In fact, listed companies are not the first to get involved in other industries. For example, last year, they became crazy or participated in P2P companies. They were keen on hand travel industry the previous year. They also liked photovoltaic power generation before. They all came from a swarm of bees.
This is an era of value investment. The transformation needs, establishment of insurance company shares of insurance should be absolutely no ground for blame, but only in the concept of speculation, because the old wine in new bottles, only blowing bubbles, the bubble will break one day sooner or later.
Appendix: Xiang Junbo, the chairman of the Insurance Regulatory Commission, recently publicly expressed that more than 200 enterprises have been queuing up to apply for insurance licenses. This amount is almost equal to the total amount of the existing insurance companies. Only 15 insurance companies have been approved for construction last year.
Xiang Junbo warned that the insurance industry profit needs 7-10 years, if it can not take a walk. Shareholders can not make quick profit and quick profit, and can not take insurance as a "teller machine". The existing insurance companies still have no profit for more than 10 years, and the listed companies should have a clear understanding of it.
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