近日，金融监管总局发布2025年11月保险业经营情况表。数据显示，2025年前11个月，保险业原保险保 费收入5.76万亿元，可比口径下同比增长7.6%。其中，人身险原保费规模为4.42万亿元，同比增长 9.2%。财产险原保险保费收入1.34万亿元，同比增长2.5%。 近年来，保险行业整体实力增强，资产规模持续提升。2025年前11个月，保险业净资产3.68万亿元，总 资产40.64万亿元，其中人身险公司总资产35.75万亿元，财产险公司总资产3.15万亿元。 业内专家分析指出，人身险保费增长主要得益于储蓄型产品的销售带动。在投连险方面，由于利率持续 下行与权益市场整体表现较好，经营稳健的保险公司相关产品结算利率具备一定竞争力，对消费者吸引 力增强。此外，"报行合一"政策落实后，银保渠道销售费用显著下降，不少公司因此加大该渠道投入， 有力拉动了新单销售。 财险公司保费收入1.62万亿元，同比增长3.9%。其中，机动车辆保险原保险保费收入8432亿元、责任险 原保险保费收入1336亿元、农业保险原保险保费收入1494亿元、健康险原保险保费收入2187亿元、意外 险原保险保费收入546亿元。 专家认为，财险公司业 ...

近日，金融监管总局发布2025年11月保险业经营情况表。数据显示，2025年前11个月，保险业原保险保 费收入5.76万亿元，可比口径下同比增长7.6%。其中，人身险原保费规模为4.42万亿元，同比增长 9.2%。财产险原保险保费收入1.34万亿元，同比增长2.5%。 从险企类别来看，人身险公司保费收入4.15万亿元，同比增长9.1%。其中，寿险业务原保险保费收入 3.39万亿元；健康险原保险保费收入7252亿元；意外险原保险保费收入346亿元。 业内专家分析指出，人身险保费增长主要得益于储蓄型产品的销售带动。在投连险方面，由于利率持续 下行与权益市场整体表现较好，经营稳健的保险公司相关产品结算利率具备一定竞争力，对消费者吸引 力增强。此外，"报行合一"政策落实后，银保渠道销售费用显著下降，不少公司因此加大该渠道投入， 有力拉动了新单销售。 财险公司保费收入1.62万亿元，同比增长3.9%。其中，机动车辆保险原保险保费收入8432亿元、责任险 原保险保费收入1336亿元、农业保险原保险保费收入1494亿元、健康险原保险保费收入2187亿元、意外 险原保险保费收入546亿元。 专家认为，财险公司业务中，车险整体 ...

12月10日金融一线消息，吉林金融监管局今日发布关于吉林农村商业银行股份有限公司经营保险代理业 务的批复，核准该行经营保险代理业务，代理险种为：机动车辆保险、企业财产保险、家庭财产保险、 货物运输保险、船舶保险、工程保险、特殊风险保险、农业保险、责任保险、信用保险、保证保险、人 寿保险、年金保险、健康保险、意外伤害保险。 12月10日金融一线消息，吉林金融监管局今日发布关于吉林农村商业银行股份有限公司经营保险代理业 务的批复，核准该行经营保险代理业务，代理险种为：机动车辆保险、企业财产保险、家庭财产保险、 货物运输保险、船舶保险、工程保险、特殊风险保险、农业保险、责任保险、信用保险、保证保险、人 寿保险、年金保险、健康保险、意外伤害保险。 吉林金融监管局指出，吉林农村商业银行须持本批复到决定机关领取保险中介许可证。公司应依法经 营，并严格遵守有关法律法规和金融监管总局相关规定。 责任编辑：曹睿潼 吉林金融监管局指出，吉林农村商业银行须持本批复到决定机关领取保险中介许可证。公司应依法经 营，并严格遵守有关法律法规和金融监管总局相关规定。 责任编辑：曹睿潼 ...

12月10日，国家金融监督管理总局吉林监管局发布批复，核准吉林农商银行经营保险代理业务，代理险种为：机动车辆保 险、企业财产保险、家庭财产保险、货物运输保险、船舶保险、工程保险、特殊风险保险、农业保险、责任保险、信用保 险、保证保险、人寿保险、年金保险、健康保险、意外伤害保险。 据吉林金融监管局，吉林农商银行于今年8月获批成立。批复显示，吉林农商银行的注册资本为346.28亿元，其中吉林省金融 控股集团股份有限公司出资346亿元，出资比例99.92%；吉林省飞达物业管理服务有限公司出资2812.16万元，出资比例 0.08%。彼时吉林农商银行经营范围为：吸收公众存款；发放短期、中期和长期贷款；办理国内外结算；办理票据承兑与贴 现；发行金融债券；代理发行、代理兑付、承销政府债券;买卖政府债券、金融债券；从事同业拆借；从事银行卡业务（借记 卡业务，信用卡发卡业务）；提供信用证服务及担保；代理收付款项；提供保管箱服务；信贷资产证券化业务（仅限总行开 展）；开办外汇业务（仅授权监管同意地区的分支机构）；经国务院银行业监督管理机构批准的其他业务。 批复文件还公布了吉林农商银行领导班子。具体来看，批复核准王立生董事长的任 ...

Core Insights - China Post has been approved to operate insurance agency business, indicating its accelerated entry into the insurance agency market [1][2] - The insurance intermediary market is experiencing a significant transformation, with many institutions exiting the market due to evolving consumer demands for professionalism and personalized services [4][5] Group 1: China Post's Entry into Insurance Agency - China Post has received approval from the financial regulatory authority to operate insurance agency services, covering various types of insurance including vehicle, property, life, annuity, health, and accident insurance [2] - The approval allows China Post to leverage its extensive physical network beyond banking, enabling it to tap into under-served markets [3] - China Post's network coverage in rural areas is notable, with a 100% coverage rate for township outlets and established village postal services as of 2024 [3] Group 2: Market Dynamics and Trends - The insurance intermediary market has seen over a hundred institutions deregister since 2019, with more than 20 exiting in the current year alone [4] - The market's contraction is attributed to a combination of regulatory pressures, market evolution, and changing consumer expectations, leading to a demand for specialized and personalized risk solutions [4][5] - The industry is undergoing structural differentiation, with a shift from a focus on scale to value, emphasizing service over mere sales [5][6] Group 3: Future Directions for Intermediaries - The insurance intermediary market still holds significant growth potential, necessitating a return to the core mission of representing client interests [6][7] - Future intermediaries must transition from being sales channels to becoming client advisors, focusing on long-term value creation rather than one-time commissions [7] - Emphasis on professional expertise and technological integration is crucial, with intermediaries needing to develop deep knowledge in specific areas and utilize technology for enhanced service delivery [7]

Core Insights - China Post Group has received approval to operate insurance agency business, marking its entry into the insurance intermediary market amidst a significant industry restructuring [2][3] - The approval allows China Post to offer a wide range of insurance products, including 15 categories covering both property and life insurance, indicating a strategic shift towards enhancing financial services in rural areas [2][3] Industry Context - The insurance intermediary market has undergone a deep cleansing, with over 20 professional intermediary institutions being deregistered in 2024 alone, and the number of deregistrations in the first ten months of 2025 matching the total for the previous year [3] - In Jilin province, 62 insurance intermediary institutions were deregistered by June 2025, reflecting a more than 10% decline in total institutions since the beginning of the year [3] Strategic Implications - The entry of China Post is seen as a move to optimize the industry structure by introducing a state-owned entity with a robust network and credibility, which could accelerate the elimination of inefficient intermediaries and enhance service standards [3][4] - China Post's extensive network of 64,000 end points provides a unique advantage in reaching underserved areas, potentially transforming the insurance landscape by extending coverage to rural regions [4] Internal Coordination Challenges - The integration of China Post's existing insurance-related entities, such as China Post Life and Postal Savings Bank, poses a challenge in avoiding internal competition and ensuring collaboration [5] - Clear delineation of business boundaries and responsibilities is essential to prevent conflicts of interest and optimize resource utilization across different insurance services [5] Regulatory Expectations - The regulatory body has set high standards for China Post's insurance agency operations, emphasizing compliance with laws and regulations, and the establishment of a firewall to protect consumer rights [6][7] - The focus on consumer protection and prevention of sales misguidance reflects the regulatory intent to maintain high operational standards within the industry [6] Market Impact - The entry of China Post may lead to significant shifts in the market, with regional intermediaries facing pressure as China Post leverages its brand trust and extensive network to capture market share in standardized insurance products [6] - The potential for a digital and offline combined agency model could attract a new wave of agents, challenging traditional sales strategies [6] Risk Management Strategies - Emphasis on compliance training and product knowledge for sales personnel is critical to mitigate risks of consumer misguidance [7] - Establishing a rapid response mechanism for customer disputes and an independent complaint handling system is essential to maintain brand integrity and consumer trust [8]

Core Insights - The approval for China Post Group to operate insurance agency business signifies a strategic entry into the insurance intermediary market during a period of contraction and quality enhancement in the industry [1][3] - China Post's extensive network of 64,000 end-point outlets provides a significant advantage in reaching underserved rural and urban areas, aligning with national inclusive finance strategies [1][4][5] Industry Context - The insurance intermediary market is undergoing a "cleaning and quality enhancement" phase, with 21 insurance professional intermediary licenses revoked in 2024 and a similar number in the first ten months of 2025 [3] - The regulatory focus is on eliminating non-compliant intermediaries while encouraging reputable institutions with strong networks to serve the real economy [3] Company Advantages - China Post's network offers unparalleled coverage and depth, especially in rural areas, along with a high level of public trust as a state-owned entity [6] - The transformation of China Post's outlets from mere financial information points to legally regulated insurance agencies will enhance their operational capabilities [6][8] Challenges Ahead - Internal coordination among China Post's existing entities, such as China Postal Life Insurance and Postal Savings Bank, is crucial to avoid internal competition and leverage collective strengths [7] - Building professional capabilities among staff to transition from standard service providers to financial advisors is a significant challenge that requires extensive training [8][9] Strategic Recommendations - Establish a systematic training and certification program to enhance the professional skills and compliance awareness of frontline staff [9] - Develop a dedicated IT support system for efficient and compliant sales management, ensuring traceability and risk control [9] - Focus on creating simple, affordable, and understandable insurance products that meet the needs of the target market, particularly in health, accident, and agricultural insurance [9]

Core Viewpoint - China Post has applied to the Financial Regulatory Administration to restore its insurance agency qualifications, addressing compliance issues while maintaining its existing business logic and operational model [1][3]. Group 1: Business Operations - China Post operates a vast network of service points across urban and rural areas, providing services such as parcel delivery, money transfers, savings, and various financial products [2]. - The range of insurance products that China Post can now offer includes vehicle insurance, property insurance, agricultural insurance, life insurance, and health insurance, among others [2]. - China Post is the largest insurance agency in China, with total assets exceeding 680 billion yuan, ranking among the top ten insurance companies in the country [2]. Group 2: Historical Context - Prior to obtaining its own insurance agency license, China Post utilized the qualifications of Postal Savings Bank for its insurance agency operations [3][5]. - The establishment of Postal Savings Bank in 2007 marked a significant reform in the postal savings management system, leading to its eventual public listings in 2016 and 2019 [4]. - To avoid internal competition, China Post had previously committed to not engaging in insurance agency business after the establishment of Postal Savings Bank, leading to the cancellation of several agency licenses [4]. Group 3: Regulatory Changes - The implementation of new regulations in 2021 restricted the practice of sub-agency, prompting China Post to seek its own insurance agency license [5]. - As of now, China Post operates approximately 54,000 service points, with over 32,000 of these offering financial services, significantly contributing to Postal Savings Bank's revenue [6].

Core Viewpoint - China Post has been granted approval to operate insurance agency business, marking its entry into a market where many players are exiting due to stringent regulations and industry consolidation [1][4]. Group 1: Approval and Business Scope - On November 24, the Financial Regulatory Bureau approved China Post to conduct insurance agency business, allowing it to handle various types of insurance including property and life insurance [1]. - The approval signifies a strategic move for China Post, which has a vast network of over 54,000 outlets across urban and rural areas, providing a strong foundation for insurance distribution [2][3]. Group 2: Industry Context and Previous Actions - The insurance agency sector has seen a significant reduction in participants, with many agencies withdrawing from the market due to regulatory pressures [4]. - Historically, China Post had previously engaged in insurance agency activities but had seen some of its local branches voluntarily cancel their insurance agency licenses in recent years [3][4]. Group 3: Strategic Considerations - The decision to apply for a unified insurance agency license at the corporate level reflects a response to regulatory demands for licensed operations, aiming to streamline compliance and management [5][6]. - By centralizing the insurance agency operations, China Post can enhance resource allocation and avoid internal competition with its banking subsidiary, Postal Savings Bank [5][7]. Group 4: Network Utilization and Market Impact - The approval allows China Post to leverage its extensive network to enhance insurance service delivery, particularly in underserved markets such as third and fourth-tier cities [8]. - The integration of insurance services into existing postal operations is expected to improve customer access to insurance products and increase market penetration [8][9]. Group 5: Future Directions and Compliance - China Post is required to adhere strictly to insurance agency regulations and improve its management capabilities to protect consumer rights [9]. - The company aims to enhance the quality and efficiency of its insurance services, building trust and reputation in the market [9].

Core Viewpoint - The approval of China Post Group to operate insurance agency business is significant for compliance and regulatory alignment, despite its existing involvement in insurance activities [1][2]. Group 1: Approval and Regulatory Context - The Financial Regulatory Administration has granted China Post Group the qualification to operate insurance agency business, covering various types of insurance including vehicle, property, and life insurance [1]. - China Post has been a major player in the insurance agency sector, often referred to as part of the "bank-post channel," and has historically been an exception during regulatory tightening periods [1][2]. Group 2: Implications of the New License - The new application for the insurance intermediary license aims to eliminate risks associated with sub-delegated agency practices, enhancing the compliance of China Post's insurance operations [2]. - The approval is seen as a move to ensure that existing postal agency operations are more compliant with regulations, although it does not materially change the scale of its current insurance business [2]. Group 3: Regulatory Requirements - China Post Group is required to strictly adhere to insurance agency laws and regulations, and to accept oversight from the Financial Regulatory Administration and its branches [3]. - The company must enhance its management capabilities in insurance agency operations and establish safeguards to protect consumer rights [3].