Core Viewpoint - Changsheng Life Insurance is undergoing significant management changes and facing challenges with declining insurance revenue and profits, alongside shrinking solvency capacity, raising questions about the effectiveness of new leadership in reversing the company's fortunes [1][5][6]. Management Changes - Changsheng Life has appointed Zhou Jie as the new deputy general manager, who has a strong technology background, indicating a shift towards tech-oriented leadership [3][4]. - Zhou Jie has held various positions within the company since 2009, showcasing a deep understanding of the company's operations [3]. Financial Performance - In Q1, Changsheng Life reported insurance revenue of 560 million yuan, a year-on-year decline of 41.09%, continuing a trend of decreasing premiums since 2024 [5][6]. - The company’s solvency ratios have also declined, with core and comprehensive solvency adequacy ratios at 101.4% and 125.7% respectively, down from the end of 2024 [6][7]. Industry Trends - There is a growing trend of technology professionals taking leadership roles in insurance companies, driven by the need for technological innovation to adapt to changing market demands and regulatory requirements [4]. - The shift towards technology in the insurance sector is seen as a strategic response to enhance service precision and operational efficiency [4]. Challenges and Strategies - Changsheng Life is facing dual challenges of declining premiums and profits, with a net loss of 130 million yuan in Q1, which is 67% of the total loss for 2024 [7]. - The company is implementing measures to stabilize its solvency, including asset allocation strategies and encouraging new business sales [7]. Digital Transformation - Changsheng Life is actively pursuing digital transformation, launching AI-driven tools like "AI-Changxiaosheng" to enhance sales processes and improve customer engagement [8]. - The focus on digitalization is aimed at integrating technology into core business functions to create a sustainable competitive advantage [8].
长生人寿“科技”背景副总“挑大梁”,保费下滑、亏损压力待解
Bei Jing Shang Bao·2025-07-24 13:52