Experience the largest shareholder and the company's management to seize power, solvency red light, investment business regulations and stolen life, Nobuyasu life second startup conference recently held in Hangzhou. In this conference, the new leadership officially unveiled and proposed the strategic idea of the "two venture". The new leadership to launch drastic reform measures can make the development of Thai life back on track and to realize the development speed. Insiders pointed out that the reform of institutions can be smoothly, whether the relationship can be straightened out, the key to whether the business can be improved as soon as possible.
Organization structure adjustment
Founded in 2007, has gone through the development of 7 years, and since 2013 has been exposed to the problem of insufficient solvency, and suffered a series of bad luck, the business has basically stalled. Recently, the company's new leadership began to perform their duties, quasi by sweeping reforms to promote Thai life to achieve faster development.
'the two venture' is a strategic idea of the new leadership team. Hope that through the two venture, help the company to develop again speed." Reply "Securities Daily" reporter said.
In a few days before the two venture, announced the organization structure adjustment program. It is understood that this adjustment program is based on the recommendations of the professional management of the consulting company, the original 31 departments to adjust to 22. From this it seems that the reduction or adjustment of the original department more than 10.
An industry analysts believe that the organizational structure of the company's operating efficiency, is the key factor in the operation of the enterprise. From the perspective of the organization structure adjustment, the product innovation, risk management and customer service and other work are mentioned in an important position, but the large-scale reform will inevitably touch the original interests structure, whether it is necessary to conduct a thorough reform.
Taking into account the speed of business development and capital requirements, to avoid the problem of the solvency adequacy ratio again, at the same time, as soon as possible to reverse the current loss situation, and strive for an early profit, these are the important and urgent tasks in front of the new leadership of the Thai life.
Annual report shows that in 2013 its solvency adequacy ratio was -183%, after the end of 2014 increased by 2880000000 yuan, the solvency adequacy ratio increased to 157%; in August 2015, with the increase of capital, the registered capital of the Thai life 2929000000 yuan.
According to the disclosure of information to the public, after many of the original shareholders equity transfer, Zhejiang Yongli Industrial Group Co., Ltd. became the largest shareholder.
Of the top five shareholders respectively for Zhejiang Yongli industrial group (36.38% stake), Beijing Jiu Sheng asset management company (18.74% stake), giant Holdings (12.60% stake), Lianyungang with Chinese Culture Development Co., Ltd. (6.25% stake), and Zhejiang Hua l Logistics Co., Ltd. (5.18% stake).
Before the transfer of ownership, the shareholding ratio of more than 5% of shareholders include: giant Holdings (19.38%), Zhejiang Yongli (19.38%), Lianyungang with Chinese Culture Development Co., Ltd. (12.27%), Beijing Jiu Sheng asset management limited liability company (10.01%), Lianyungang city Bin Yi Construction Engineering Limited (8.32%), Mitsui Sumitomo Insurance Co., Ltd. (7%), Zhejiang construction art decoration Co., Ltd. (6.71%).
Zhejiang industrial and commercial bureau data show that Zhejiang Yongli Industry Group Co., Ltd. registered capital of 12 million yuan, was founded in 1993, the shareholders, including 21 natural person shareholders and Shaoxing County Yang Xun Qiao Zhen collective asset management company a legal person shareholder.
Similarly, after the chairman of the board, the general manager and other personnel changes, the new leadership team recently unveiled at the two venture conference. Feng Xinsheng, chairman of the board for many years in the post system as an important leadership positions, served as director of China Post Savings Bank, China Post life insurance Limited by Share Ltd chairman. President Zhang Yong, a former China Ordnance Group Beifang Heavy Automobile Co., Ltd. chief financial officer of the board of directors and secretary, China Ordnance Group Xi'an photoelectric group chief accountant, Zhonghong factoring business Co., Ltd. chief financial officer positions.
Business growth is still relatively high pressure
Due to the solvency of the red light, the China Insurance Regulatory Commission has been to take a moratorium on new business regulatory measures, until March 3rd this year just to resume new business. However, in the past few months of statistical data, the pace of development after the resumption of the new business seems to be not brisk.
From the point of view of before this year 8 months of premium overall situation, from January to August, the total income of the original insurance premium about 9.2 billion yuan, representing a decrease of 32.6%, premium income in 74 family life insurance companies ranked 49th; household investment funds added paying about 33.85 billion yuan, an increase of 21.8%, premium income ranked No. 22.
Specific point of view, in March this year, the original insurance premium income of about 140000000 yuan, 92000000 yuan, 83000000 yuan, 120000000 yuan, 96000000 yuan, and 96000000 yuan. From the point of view of the insured money to invest additional payment, in February and March, net sales of universal insurance to suspend the influence, the policyholder investment funds new fee respectively, are more than 500 million yuan, in April to August the new fee were approximately 1.65 billion yuan, 1.3 billion yuan, 213 million yuan, 1.666 billion yuan, and 11.98 billion yuan.
From these data, we can see that after the restoration of new business, Nobuyasu life in next April and may two months original insurance premiums chain does not rise instead of down, until after June was basically stable; universal insurance based the protection money to invest in additional payment in network marketing business recovery after, in July and August To universal insurance investment funds mainly pay additional protection in the network marketing business recovery after July and August, the rapid growth of business. But it is disappointing, and universal insurance net sales in 2014 through a fully suspended after, in September this year again suspended. Most of the net pin universal insurance hit the shelves, which undoubtedly will to believe the Thai life universal insurance development adversely affected.
"Experienced a lot of ups and downs, the development of Thai life to re - enter the fast track of the need for a time." An industry analysts believe that this need not only financial support, but also a clear direction of development, as well as the brand of heavy work and other aspects of the work. He believes that this is also the reason for the letter Thai life proposed two venture, hoping to bring new life through comprehensive reform. However, he believes that the Thai life to achieve good business development may also need more financial support, the existing shareholders can continue to increase investment or find a suitable financing way, will be a big test; in addition, how to coordinate business development scale and solvency of the system is also a big test, is also due to the organization structure adjustment program also proposed to set up an independent risk management department
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