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.



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The next month receive more 車 accident insurance

The [financial newspaper gimmingyeong Korea News] death, funeral expenses and alimony fault auto insurance relievedly March 1 is raised. New maryeondwae also hospitalized for serious injuries ganbyeongbi payment moat help the victims.

Financial Supervisory Service said 27 days pursuing the irrational practices related to car insurance should improve the enforcement process improvement guidance for increased transparency of the standard terms and interpersonal insurance indemnity payment amended for personal indemnity insurance a reality from next month a day.

The revised standard automobile insurance agreement will significantly raise the case of death from paying alimony to the current up to 4500 yuan. If under 60 years of age up to 80 million won alimony death, 60-year-old comes from the current 50 million won to 40 million won. If the funeral is raised to 500 won from the current $ 3,000.

Ganbyeongbi hospital payment that pays ganbyeongbi being admitted to accident seriously injured moat is also new. So far no payment has been hospitalized ganbyeongbi gotta point out problems such as traffic accident victims to bear the ganbyeongbi. The parents separate traffic accidents in the same hospital ganbyeongbi regardless of infant injury suffered serious injuries to the water is paid for up to 60 days.

Based on overly granular reduced passenger was also revised. The passenger ride impairment based on the type and simplified from 12 to six kinds of drink-driving passengers reduction ratio is specified further.

In addition, Shanghai also gotta new rating system notify the insurer of the victim to the perpetrator is the victim's injury rating with a history insurance payments to the victim upon notification insurance payments also notices by e-mail or phone messages.

The Financial Supervisory Service (FSS) 'accident victim you should definitely claims to the insurer the insurance companies realize the alimony and check carefully that you have paid the funeral expenses, etc., and accidents serious injury to a victim is hospitalized ganbyeongbi the hospital dressed in accordance with the revised terms "he said. He added that "Singh daeinbae insurance for drunk driving passenger cars will need to be very careful reduction of 40%.



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車 boom expected, due to the rear parts business

[Hyomun financial newspaper reporters standing in Korea] is interpreted to be due to the role of the rear of the automobile industry, such as parts rather than raising the prospect achieve the auto industry boom in the domestic market this year. This resulted in the second half of last year, automakers are expected, but from domestic demand, lean high-growth part of the industry would lead to a boom in the industry.

FKI ◇ "the auto industry, strong domestic demand expected this year."

Federation of Korean Industries (FKI below) According announced on the 28th, March corporate economic trends survey, the automotive industry was expected to make a strong year in the domestic market. The survey identified that the business confidence aimed at industry professionals write down the cars passing the reference point 116.2, 100, and is expected to boom.

Hongseongil FKI Finance Finance said, "CBU other automotive parts, such as before and after the analysis of the defense industries, workers are predicted to achieve automotive industry is booming this year in the domestic market," he said "The investigation into that represents the business confidence and but to achieve the gap, it can be seen that the high expectations of the workers, "he said.

On the other hand, export environment has deteriorated while strengthening analysis dwaetdago attention protectionism in the United States, China and Europe. FKI addition to deteriorating export environment also cited that exchange rates showed a declining factor in falling export competitiveness of domestic industries.

FKI official said, "was recorded last year, the global economic downturn and sluggish domestic demand as exports and imports both fell recession-type surplus" and "Donald Trump United States was the president rises also won, including mentioned as currency manipulator for some countries." he explained.

◇ sluggish last year, automakers such as Hyundai, Kia, car parts, tires thanks

Based on this year's auto industry boom due to the strong performance of automobile parts, tires and other car it is revealed at last year's earnings. Automakers such as Hyundai, Kia, while their outstanding earnings decline from the second half of last year, Hyundai Mobis, Mando car parts, such as Korea, Nexen Tire industry shows such as high operating margin.

First Hyundai Motor showed a slump last year, with an operating margin of 5.5% and 4.7%. In particular, Hyundai recorded an operating profit of 5.1935 trillion won, showed a record low level. Sales of 93.649 trillion won in net profits was recorded 5.7197 trillion won.

Conversely, Hyundai Mobis, Mando was the highest year-on-year performance. MOBIS 38 was 261.7 billion won recorded a sales growth of 6.2% over the previous year (36.0197 trillion won), the machete was surging 14.8% compared to the previous year (265.6 billion won) showed an operating profit of 305.1 billion won.

Nexen Tire and South Korea also showed continued growth. Thai Korea has increased 24.7% over the previous year showed an operating profit of last year's 1.1038 trillion won (885 billion won). Sales of 6.6261 trillion won, and operating profit margin came in at 16.7%.

Nexen Tire was the appearance in the last five nyeonsae soared 40.2% after 2012 (1769 million) represented an operating profit of 248.1 billion won last year. As a result of sales volume growth and cost reduction efforts described Nexen side.



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