上个月去银行办事，遇到了做保险代理的老同学小陈。他看起来有点沮丧，聊起来才知道，最近客户经 常问他一个问题："听说有保险公司倒闭了，买保险还安全吗？"这个问题确实让很多保险从业者感到困 扰，也让不少消费者对保险行业产生了疑虑。 我们仔细了解了一下保险行业的实际情况，发现确实有一些保险公司在经营过程中遇到了困难。近年 来，确实有几家保险公司因为各种原因被接管或进行了重组，这在行业内引起了不小的关注。 从具体案例来看，安邦保险集团的情况比较特殊。2018年，由于违法违规经营，安邦保险集团被保险监 管部门接管。经过几年的整顿和重组，其主要业务最终分拆转让给了其他保险公司。这个过程中，保单 持有人的权益得到了充分保障。 我们了解到，在安邦保险被接管期间，客户的保单继续有效，理赔服务正常进行。没有出现客户因为公 司问题而损失保险保障的情况。这说明即使保险公司出现经营问题，监管部门也会采取措施保护消费者 权益。 从监管机制来看，我国对保险行业的监管确实比较严格。保险保障基金、偿付能力监管、风险处置机制 等多重保障措施，为保险消费者提供了较为完善的保护。即使真的有保险公司无法继续经营，也有相应 的处置预案。 我们从保险监管 ...

Core Points - The recent bankruptcy of a major insurance company has raised concerns among policyholders regarding the status of their insurance policies and the recovery of their funds [1][3] - This marks the third insurance company bankruptcy in China, with the previous two occurring in 2012 and 2018, highlighting the rarity of such events in the insurance industry [3][4] - The bankruptcy was attributed to aggressive investment strategies and improper related-party transactions, leading to a liquidity crisis [3][4] Summary by Sections Bankruptcy Overview - As of June 2025, there are 178 insurance companies in China, with three having declared bankruptcy [3] - Insurance companies are subject to strict solvency regulations, requiring a solvency ratio of at least 100% [3] - The recent bankruptcy has caused significant market disruption, given the company's management of assets totaling 2 trillion yuan and millions of clients [1][3] Policyholder Rights and Protections - There are several potential outcomes for policyholders when an insurance company goes bankrupt: 1. **Policy Transfer**: Regulatory authorities may transfer policies to a stronger insurance company, maintaining the original terms [4][6] 2. **Cash Value Return**: If no transfer is possible, policyholders may receive the cash value of their policies, which is typically lower than the total premiums paid [4][6] 3. **Insurance Guarantee Fund**: The fund can compensate up to 90% of the policy reserve for personal insurance policies, with a maximum limit of 100,000 yuan per policyholder [6][7] 4. **Bankruptcy Liquidation**: If other options fail, policyholders can participate in the bankruptcy proceedings as creditors, but recovery may be limited [7][8] Historical Context and Data - In previous bankruptcy cases, approximately 85% of valid policies were successfully transferred to other insurers [4] - The recent bankrupt insurance company has an estimated asset coverage ratio of 65%, indicating that policyholders may only recover a portion of their claims through liquidation [7] Recommendations for Policyholders - Policyholders are advised to stay calm and monitor official communications regarding their rights and the status of their policies [7][8] - It is essential to gather and retain all relevant policy documents for future reference [7][8] - Evaluating insurance needs and considering additional coverage may be necessary if existing policies are affected [7][8] Lessons for Future Insurance Purchases - Consumers should assess the financial health and solvency ratios of insurance companies before purchasing policies, with a recommendation to choose companies with a solvency ratio above 150% [10][11] - The operational history and brand reputation of insurance companies are critical indicators of stability [10][11] - Diversifying insurance purchases across different companies can mitigate risks associated with a single company's potential failure [11][12] - Overall, the insurance industry in China remains stable, with a solvency ratio of 244.3% reported in the first quarter of 2025 [12][13]

Core Viewpoint - The article discusses the implications of insurance company bankruptcies in China, highlighting the increasing acceptance of commercial insurance among residents, particularly the elderly, and the mechanisms in place to protect policyholders in the event of an insurance company's failure [2][4][7]. Group 1: Insurance Market Overview - A significant portion of the population, 40.74%, has purchased commercial insurance, with 34.16% participating in both social insurance and commercial insurance [2]. - The elderly demographic shows a notable increase in insurance uptake, with 1.07 billion individuals aged 60 and above holding commercial insurance policies, resulting in a penetration rate of 41% [2]. - The total number of insurance policies held by the elderly is 226 million, accounting for 11% of all insurance policies in the industry [2]. Group 2: Bankruptcy of Insurance Companies - Three major insurance companies have declared bankruptcy: Anbang, Guoxin, and Dongfang Life, with one company having a scale of up to 2 trillion [7]. - The primary reasons for these bankruptcies include investment failures, poor underwriting practices, and non-compliance with regulatory requirements [9][10]. Group 3: Insurance Guarantee Fund - The Insurance Guarantee Fund, established in 2008, is designed to provide relief to policyholders in the event of an insurance company's bankruptcy or severe financial crisis [14]. - The fund has grown from 14.9 billion to 182.998 billion by the end of last year, ensuring that policyholders are protected even if their insurance company fails [16]. - The fund can be accessed under specific circumstances, such as when an insurance company is legally dissolved or poses a significant risk to public interest and financial stability [19]. Group 4: Post-Bankruptcy Procedures - If an insurance company goes bankrupt, policies may be transferred to another willing insurance company, or regulators may appoint a new company to take over [21]. - The Insurance Guarantee Fund can provide up to 90% of the rescue funds to the new company, ensuring that policyholders' rights are maintained [21]. - For different types of insurance, such as short-term health or property insurance, the compensation process may vary, with the fund covering losses up to 50,000 fully and 90% for amounts exceeding that [22].

Core Viewpoint - The article discusses the reality of insurance company bankruptcies in China, emphasizing the importance of consumer awareness and risk identification in the face of potential financial instability within insurance firms [1][12]. Group 1: Industry Overview - As of June 2025, there are over 170 insurance companies in China, managing insurance funds exceeding 25 trillion yuan, which is critical for many families' financial security [3]. - Recent years have seen several insurance companies, such as Dongfang Life and Anbang Insurance, face bankruptcy or government takeover, highlighting the inherent risks in the insurance sector [1][3]. Group 2: Risk Identification - Understanding the nature and process of insurance company bankruptcies is crucial, as these events typically result from long-term mismanagement and financial instability [3][5]. - Key indicators for assessing an insurance company's risk include solvency ratios, shareholder background, operational performance, and public sentiment [5][6][11]. - The average solvency ratio for Chinese insurance companies was 235.7% as of Q1 2025, significantly above the 100% minimum requirement, but companies below 150% should be closely monitored [5]. Group 3: Consumer Strategies - Consumers should remain calm and avoid hasty decisions if their insurance company shows signs of financial trouble, as policies are not immediately voided upon government intervention [7][10]. - It is advisable for consumers to stay informed through official announcements from regulatory bodies regarding their insurance company's status [7][10]. - Establishing a diversified insurance portfolio can mitigate risks associated with relying on a single company [8][10]. Group 4: Choosing Insurance Companies - When selecting an insurance provider, consumers should prioritize large, stable companies with strong capital and risk management capabilities [10][11]. - The top ten insurance companies in China hold over 65% of the market share, indicating a concentration of stability within the industry [10]. - Companies that focus on their core insurance business rather than diversifying into high-risk areas tend to be more reliable [11].

Core Viewpoint - The insurance policies held by consumers are well protected under national laws and the insurance guarantee fund, ensuring that policyholders' rights are safeguarded even if an insurance company loses its business license [1][2][5]. Group 1: Life Insurance Protection - The probability of life insurance companies going bankrupt is very low due to strict legal regulations that prevent arbitrary dissolution [2]. - In the event of a life insurance company being revoked or declared bankrupt, the insurance contracts and reserves must be transferred to another operating life insurance company, ensuring continuity of coverage [2][6]. - If the transferring company’s assets are insufficient to cover policy benefits, the insurance guarantee fund will provide assistance, with limits set at 90% for individual policyholders and 80% for institutional policyholders [3]. Group 2: Property Insurance Protection - Property insurance, including auto and home insurance, is also backed by a robust guarantee mechanism, ensuring that claims will be processed even if the insurance company faces risks during the coverage period [4]. - The insurance guarantee fund will fully cover policy benefits up to 50,000 RMB, and for amounts exceeding this, it will cover 90% for individuals and 80% for institutions [4]. Group 3: Consumer Guidance - Policyholders do not need to worry excessively about changes in insurance companies, as their policies will automatically transfer to new insurers with unchanged terms and conditions [7]. - To ensure better service, consumers are advised to choose insurance companies with strong solvency and high regulatory ratings, and to verify their policy information through official channels [7]. Group 4: Industry Stability - Historical cases demonstrate that the risk management mechanisms in China's insurance industry are maturing, with past instances of company failures being handled effectively [6][7]. - The comprehensive regulatory framework, including legal constraints and real-time supervision, provides a multi-layered safety net for policyholders [7].

Core Viewpoint - The safety of health insurance companies is comparable to that of life insurance companies, with both types of insurance being regulated under the Insurance Law, ensuring that policies typically remain valid even if the company goes bankrupt [1][3][6] Group 1: Coverage and Product Differences - Health insurance companies focus on personal health-related products such as medical insurance, critical illness insurance, disability income loss insurance, and nursing insurance, while life insurance companies offer a broader range of products including life insurance, annuities, savings insurance, critical illness insurance, and accident insurance [1][2] - There is some overlap in the products offered by both types of companies, as life insurance companies in China are permitted to sell certain health-related insurance products, subject to regulatory requirements [1][2] Group 2: Underwriting Conditions - Health insurance companies impose stricter underwriting conditions, often requiring detailed health assessments and having lower age limits for applicants, while life insurance companies generally have more lenient health requirements and higher age limits [2][3] Group 3: Bankruptcy Mechanisms - In the event of bankruptcy, life insurance contracts and reserves must be transferred to other life insurance companies, ensuring continuity of coverage for policyholders [3][4] - For health insurance companies, the treatment of policies depends on whether they are classified as long-term or short-term products; long-term health insurance policies typically remain valid even after bankruptcy, while short-term policies may enter liquidation [4][5] Group 4: Regulatory Protections - Both life and health insurance companies are required to contribute to an insurance guarantee fund, which provides relief to policyholders in the event of company bankruptcy [3][4] - The guarantee fund covers personal losses, with full compensation for amounts below 50,000 yuan and 90% compensation for amounts above that threshold in the case of short-term health insurance policies [4][5] Group 5: Overall Safety and Confidence - The probability of bankruptcy for both life and health insurance companies is low, and regulatory bodies are in place to ensure that policyholders' rights are protected, reinforcing confidence in the insurance system [6]