"Saad retaliation '中 enter the domestic insurance sweating

[Korea gimmingyeong financial newspaper reporters] to look the way domestic insurance companies operating in China are being slaughtered by the Chinese government seems to spiral 'Saad retaliation. Korean Re has signed domestic reinsurance dwaetgo drifted into the established local branches took an indefinite hand, insurers are also financial stability in emergency management.

China has shuffled material in China Lotte Mart, Lotte released sales stopped in retaliation for a recent golf Saad grounds. Travel ban also comes with a travel agency lowered from 15 days Korea suspended tourism product sales front and was well-known instructions such as Lotte related product sales ban, ban cruise via Korea.

This sparks bounced in the insurance industry on this "as much as commands.

Korean Re has applied the year-end branches in Shanghai, China Is 2014. Committee was held in June last year, but under nine months adrift as Korea Saad placement decision in July.

Financial soundness of the legal form entered into the Chinese domestic insurance market five insurers fell significantly. C-ROSS proportion of the end of the domestic insurance companies in December last year, according to insurance industry △ KB life insurance 307%, △ Hyundai 205%, △ Samsung F 152%, largely as △ Hanwha life 118%, △ Samsung Life 169%, etc. fell. C-ROSS represents a potential capital of the insurer to insurer financial strength indicators are the Chinese financial authorities introduced last year. Financial authorities are to my insurance company, China C-ROSS recommends a ratio of more than 150%.

Why domestic insurance companies operating in China have dropped the solvency ratio at once since the introduction of C-ROSS is greater the impact of discrimination on the credit risk amount calculation method in China outside China Reinsurance Reinsurance Corp.'s credit rating occurred. The insurers joined the foreign reinsurer will receive a penalty changes in credit risk amount.

This Samsung Fire entrusted the majority of reinsurers headquartered in South Korea fell dramatically C-ROSS rate. Hyundai had maintained stability increases the foreign share China also moved KB Insurance reinsurance volume in China, most insurers. Samsung Life reinsurance also leave the most volume in China Hanwha Life reinsurers and insurers also reportedly signed a contract with China, such as the recent differences Sahib.

Such situation is acquired Eastern Life and Allianz Life over the past few years and we are buying up bank shares compared with China's doorstep Insurance stretch your hands on the pan banks.

South Korea is because, despite there gotta fully open the Chinese financial companies to expand aggressively spreading, while China is a big market takes a big capital preceded the closed position in foreign financial institutions.

Industry insiders contrast, because of weak competitiveness itself of its financial institutions to China's financial industry itself has to undergo stringent regulations and procedures for foreign firms, said "If spread in such a situation inverse (反 韓) to the emotional impact of domestic insurers He predicts that this will be greater. "



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