中国太保20250115

Key Points Industry or Company Involved - Company: TaiBao Insurance - Industry: Insurance Core Views and Arguments - Door-opener Performance: - Preparation: TaiBao Insurance has prepared for the door-opener season by focusing on three aspects: team building, product development, and training. - Expectations: The company expects a high two-digit growth rate, but acknowledges the potential impact of the interest rate cut on the market. - Focus: Emphasis on team professional capabilities, product sales, and customer interaction. - Regulatory Changes: - Interest Rate Adjustment: The company believes that the product interest rate will not be adjusted in the short term, but long-term adjustments are possible. - Asset-Liability Management: TaiBao Insurance emphasizes the importance of asset-liability management and asset allocation to mitigate the risk of interest rate gap. - Channel Integration: - Agent Channel: The company plans to implement a comprehensive fee control mechanism to ensure compliance with the regulatory requirements. - Bank Insurance Channel: The company is confident in maintaining a good development momentum for the bank insurance channel. - Value Rate: - Agent Channel: The value rate of the agent channel is expected to remain relatively stable. - Bank Insurance Channel: The value rate of the bank insurance channel is expected to have a slight upward trend. - Asset Allocation: - Fixed-income Assets: The company will continue to increase the allocation of long-term interest-bearing bonds. - Equity Assets: The company has no plans to increase the allocation of equity assets significantly. - Good Insurance Platform: - The platform is expected to benefit both customers and insurance companies by providing a more reasonable pricing and risk coverage for high-risk vehicles. - Shareholder Returns: - The company focuses on the sustainable performance of operating profit and aims to provide a stable and reasonable dividend level. Other Important Points - Operational Profit Growth: The company expects operational profit to grow slightly in the next two to three years. - Dividend Policy: The dividend policy is based on the performance of operating profit and will be adjusted based on market conditions and company development needs. - Investment Yield Assumption: The company may adjust the investment yield assumption in the future due to the downward trend of market interest rates. References - [doc id='2'] - [doc id='3'] - [doc id='4'] - [doc id='5'] - [doc id='7'] - [doc id='8'] - [doc id='9'] - [doc id='10'] - [doc id='11'] - [doc id='12'] - [doc id='13'] - [doc id='14'] - [doc id='15'] - [doc id='16'] - [doc id='17'] - [doc id='18'] - [doc id='19'] - [doc id='20'] - [doc id='21'] - [doc id='22'] - [doc id='23'] - [doc id='24'] - [doc id='25'] - [doc id='26'] - [doc id='27'] - [doc id='28'] - [doc id='29'] - [doc id='30'] - [doc id='31']