Core Insights - The insurance industry is experiencing a shift in branch dynamics, with life insurance companies continuing to see net exits while property insurance companies have reversed this trend with a net increase of 55 branches in 2023 [1][4]. Life Insurance Sector - In 2023, life insurance companies saw a net exit of 270 branches, with 1,337 branches exiting and 1,067 newly established [2]. - The reasons for the net exit include market maturity leading to optimization of branch networks, the rapid development of new insurance and internet insurance businesses reducing reliance on physical branches, and strategic adjustments by some companies [2][3]. - The new establishment of branches was significantly influenced by three companies that received insurance licenses in June 2023, which accounted for 1,002 of the new branches, indicating a temporary spike in numbers [3]. - The overall premium income for life insurance companies grew by 10.79% year-on-year, while claims increased by 26%, reflecting a significant rise in both metrics compared to the previous year [3]. Property Insurance Sector - In contrast to life insurance, property insurance companies added 55 branches in 2023, with 778 new branches and 723 exits [4]. - The property insurance sector is focusing on exploring and expanding into lower-tier markets, maintaining a higher dependency on physical branches compared to life insurance [4]. - The trend of branch exits has slowed down in 2023, with previous years showing a rapid increase in exits, indicating a potential stabilization in the market [4][5]. Future Outlook - The overall trend for insurance branches is expected to stabilize in 2024, with companies focusing on refined management and optimization of branch layouts [5]. - The integration of online and offline services is becoming increasingly important, as companies aim to enhance service efficiency and adapt to market demands [5].
财险公司分支机构去年净增55家 扭转净退出态势
Xin Hua Wang·2025-08-12 05:47