Showing posts with label Competition. Show all posts
Showing posts with label Competition. Show all posts

Thursday, March 2, 2017

車 insurance market competition ... Hyundai discounts to riders zoom backfire



[Korea gimmingyeong financial newspaper reporter] decided after AXA Direct, Meritz Fire & Marine Insurance car is subsequently cut to the end of last year, Samsung fire. 'Zero sum game' aimed at the appearance of the car insurance market share. While expanding the range of Rider Discount Modern resolution said the group would stand fully prepared to profitability earlier this year, the center went on to attract customers.

Hyundai said coming April 1, sells "Rider mileage (mileage discounts on car insurance works)" responsible for applying the discount auto insurance industry's highest level since the start gyeyakgeon two days.

The rider's mileage mileage discounts on merchandise that the customer insurance premiums in accordance with the mileage of the car less the greater the premium discounts.

Hyundai is that if annual mileage is less than 3000km has expanded the discount to save 22% from the existing industry-leading 32% per 5,000km mileage is less than 27% and less than 1 km is 10 000 will apply a 20% discount He said.

In addition to the newly established driving distance of 1 10 000 5000km intervals we were not traditionally are expected to apply a discount rate of 6%.

Hyundai officials said that "unhaengryang was extended to customers with low mileage rider is good to save the maximum level of the industry loss ratio" and "plan continues to develop insurance products that can give substantial benefits to our customers in the future."

On the other hand Samsung have shuffled the only premium cuts from last year, the industry recorded a fire last month in an online auto insurance market share of 30.96%. In the form of reduced premiums based chogangsu that cuts to raise the market share, market share this year, some life insurers have joined the struggle with cuts procession is expected to become more intense.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Tuesday, February 28, 2017

Daewoo Mirae, Apple, Starbucks lost 20% limited ELS Competition



[Korea goyounghun financial newspaper reporter] Mirae Asset Daewoo announced that it sold the ELS (equity-linked securities) that Apple and Starbucks stocks in the portfolio from 28 days.

This time selling - as 'the 20 425 times Apple (Apple), Starbucks (Starbucks) principal amount of 80% partial payment type ELS' is the maximum loss due 1 years Product is limited to 20%, providing 1.4 times the income of the underlying asset inflation it is characterized.

If the expiration of two reviews of the underlying assets in the stocks of Apple, Starbucks disadvantage due to the valuation (12 months) is higher than the initial reference price it would be paid 140% of the underlying asset growth in revenue. That is, when the growth of Apple and Starbucks stocks in assuming that rises to 10%, it is possible to obtain a total yield of 14% at maturity.

One of the two underlying assets due to valuation losses even if even if the maximum maturity rating the price fell below the initial reference price is limited to 20%. This product is not a hassle because of the exchange of dollars into Korean won, but the offer foreign stocks listed on the NASDAQ underlying asset and maturity to receive the won.

Daewoo Mirae future plans to continue to release a variety of ELS to profitability and stability, while global companies in the portfolio.

This product is available and an offer from a minimum of 1 million won to one million won next month basis for up to three days at 1 pm 30 minutes, when contact details are treated with MAS national branches and customer service center.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Monday, February 27, 2017

Non-banking channels face competition for survival



[Korea goyounghun financial newspaper, is a choice, I lower cervical, gimmingyeong News] first non-banking sector facing the end of the year before due to a pin-tech advanced technology, the introduction has been a lot of changes in financial sales strategy. It started the non-face-to-face banking account first place, but hubalju design brokerages have showed an increase four times Spreading the bank actively marketing. The introduction of non-face-to-face became a financial point of each ticket is a little beyond one year is showcasing the colorful technology in the fierce competition.

According to the Korea Institute of Finance said that each financial 27, expected to handle a variety of products that seek the synergy of internet banking professional one-stop shopping type. Commercial banks are also showing a rapid movement to changes in the environment. KEB, Hana Bank launched its interactive financial year 'Text Banking (TEXT Banking)'. Register an account with Mobile Banking is 'wonkyu Bank (1Q bank)' app (App), and it is possible to balance inquiry and transfer logins, certificates, without security media.

IBK Industrial Bank introduced a 'poof service' easy transfer using pin numbers last year. Mobile banking is 'ahyiwon (i-ONE) Bank' using readily available and automation equipment in a mobile phone or account number (ATM) are also able to send money.

Shinhan Bank also 'Em - Polio (M-Folio)' utilizing robotic advisor recommended portfolio has floated in the seungbusu.

The NH Agricultural Bank of renewal of the Front 'olwon bank (All One Bank)' financial holding the first joint mobile platform this year. When you log in to the bank olwon banking products you can of course use the NH cooperatives affiliated financial products and services.

Non-face-to-face account was also trending securities. Daewoo Mirae provides an unprecedented nine years as major builders event Fee Free. Daewoo Mirae Asset has opened two accounts 128 000 by the end of last year. If the customer is established through direct equity transaction fee plus a new coming up in 2025 are all free. Samsung Securities had a pre-existing non-face-to-face strategy to strengthen and differentiate the smart content and Global ETF. This year, the non-face-to-face account just gotta strategy to combine technology and combines the pin-tech biometric information such as iris Furthermore, fingerprint benefit from such fees is becoming more intense.

KB Securities will not receive commission for five years when the stock trades with non-face-to-face customer account opening online media. The customer trading more than 1 million won per month for up to ₩ 240,000 smartphones support payments. Non-insurance industry is facing channels 'crowd-insurance' services are topics that consumers can be ensured through a variety of cheaper and joint purchasing. If the platform through a crowd formed a large number of people want the group to ensure that the same risks and supplier inbound reason to negotiate with insurance premiums and guarantee Based on this information, it provides favorable conditions for consumers. A kind of insurance "joint purchase" approach in terms of purchasing power on the basis of population, especially the reasonably possible point features personalized service than improving the opacity of the intermediate sales channels and complex information. The liner Life has launched a 'chaetbot (Chatbot)' insurance-related business consulting service that over the last year, the industry's first Kakao Talk chat. Customers can get the product descriptions, FAQs, product information, including subscription information after selecting a keyword into the chat room, KakaoTalk category.

The credit card company also embarked on expanding outer 'non-face-to-face platform. Form out of the 'first generation' approach was pursued with existing simple settlement only provides a variety of services and credit card companies have evolved into non-face-to-face platform. Jimyeonseo possible by the Internet to recruit only the cards online can also basing basing only available online card application.

For non-face-to-face credit card companies are promoting digitization carried out a reorganization. Flexible thinking is dramatically remind idea naondaneun services. Starting with the last living O2O service card companies are also introducing service delivery platform. Shinhan Card has developed the 'FAN Pei bots' that analyzes the customer's personalized consumption. But regardless of the product's sales page is a bot board and expand marketing channels. Addition, credit card companies are also associated with the platform upgrades, augmented reality services.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Shinhan Investment Corp., seeking up to 8%, including three kinds of lizards ELS Competition



[Korea financial newspaper goyounghun News] Shinhan Investment Corp. all underlying assets if you do not decline by more than 30% for one year (12 months) after signing up, including Lizard (Lizard) step-down type ELS can get up to 8.00% profit today announced sales for up to three days comes the equity-linked securities (ELS) goods of all three species.

This time released 'ELS 13461 Lake' is the S & P500, HSCEI, EUROSTOXX50 a three-year product of the step-down structure Lizard underlying asset. Close to 90% of the reference price of the respective underlying assets in one early redemption evaluation (6 months), 85% (12 - 18 months), 80% (24 months), 75% (30 months), 60% (36 months) If the proceeds are less than the goods and repay the principal amount of up to 12.00% (4.00% a year).

This product also is If you have not fallen cases, less than 12 months time in secondary early repayment valuation All underlying assets 70% of the initial reference price based on the closing price until after the subscription fails to satisfy the above conditions, there is feature called 'Lizard' It is paid an annual 8.00% with principal repayments and automatic early. In other words, when early repayment over a year after joining the Lizard barrier may seek twice the annual rate of return of 8.00% of revenue.

The minimum subscription amount of this product is 100 yuan, the online channel (HTS · MTS · Main) through even 'taste sniper Event "to all customers cumulative subscription amount ELS · DLS more than 10 million won provided the Banyan Tree hotel getaways, etc. 4 and continue until may 28.

For more information on events and products are available at check points and Shinhan Investment website. If the two products are based on asset prices do not meet the criteria because it is linked to the price of the underlying asset return on investments decisions did not receive the contracted revenue, or loss of principal may occur.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com