The most overlooked area of the financial industry – insurance management

Insurance management in the financial industry is a field that students tend to ignore. It is not hypocritical to say that insurance management is the father of Party A in the same position as public offering funds.

As one of the sources of income, the management fee income of insurance asset management industry exceeded 30 billion Yuan in 2020, with a year-on-year growth of 39.27%.

From the source of funds, insurance funds within the system accounted for 73.95%, about 13.39 trillion Yuan.

Any insurance company corresponds to investment, research, sales and trading posts. If the asset scale of an insurance company is large enough, the intelligence of the asset management department within the insurance company may be weakened, and the assets will be entrusted to the corresponding insurance asset management company to manage. At present, there are 35 insurance management companies in the market. If the scale of the asset management company is not large enough, the internal asset management department is very important for the whole insurance company. All the premiums are liabilities, and the asset management department must complete the assessment objectives of the company to maintain the operation of the company.

As a whole, the pressure of insurance asset management is less than that of public funds, so correspondingly, the income of insurance asset management of the same type and size is generally lower than that of public funds of the same market position, but they can enjoy the VIP services of securities firms, especially the asset management department of large insurance asset management companies or large insurance companies.

(Sweet potatoes, again, the importance of joining a big company

About income: most state-owned insurance companies, license is scarce, insurance capital management market is mainly divided into marketization and non-marketization.

The so-called marketization is high income elasticity, according to the performance and income to calculate your income, generally is fixed salary + commission, non-marketization is mainly the nature of a big pot, the way to send money is fixed salary + bonus. Insurance institutions are not market-oriented, the difference is that the commission is a percentage, bonuses are generally in accordance with your monthly salary multiplied by a coefficient, insurance is generally in accordance with your 8-30 monthly salary to give you year-end bonuses, generally just enter the insurance, basic salary in about 10,000, the first three years of annual bonuses generally in December below, that is, more than 200,000 years of income.

Compared with other financial institutions, insurance is a little mean, but it has good benefits, strong growth, access to a lot of big players and more training opportunities. As a springboard for job-hopping, it is a good choice.

About threshold

Insurance companies with the background of state-owned enterprises and central enterprises have high recruitment requirements, and the graduates are mainly graduates of the top 985 universities or top 100 overseas universities. Of course, there are not many positions open, and the social recruitment is mainly based on experience. Insurance companies like to recruit job-seekers from banks, because the investment style of insurance tends to be long-term investment and real estate. Bank employees are more in line with the recruitment needs of insurance.

Insurance is a business in which funds are pooled in the form of contracts to compensate the economic interests of the insured.

Insurance means that the applicant pays the insurance premium to the insurer according to the contract, and the insurer is liable to pay the insurance benefit for the property damage caused by the possible accidents agreed upon in the contract, or is liable to pay the insurance benefit when the insured dies, becomes disabled or reaches the age or time limit agreed in the contract.

The insurance market is the place where the two parties sign insurance contracts. It can be a concentrated tangible market or a dispersed intangible market.

According to the different subject matter insured, insurance can be divided into property insurance and personal insurance.

Property insurance refers to the insurance that takes property and its related interests as the subject matter insured, including property damage insurance, liability insurance, credit insurance, warranty insurance, agricultural insurance, etc. It is a kind of compensatory insurance in which tangible or intangible property and its related interests are the subject matter insured.

Personal insurance refers to the life span and body of a person as the subject matter insured. When people are incapacitated, disabled, and dead or retired due to an unfortunate accident or illness or old age, according to the agreement of the insurance contract, the insurer shall pay insurance benefits or annuities to the insured or beneficiaries to solve their economic difficulties caused by illness, disability, old age or death.

Insurance can be divided into primary insurance and reinsurance according to whether there is a direct legal relationship with the applicant. The insurance act between the insurer and the policyholder is called the original insurance. Insurance acts that occur between insurers are called reinsurance.


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