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9/30/2008

The Insurance Regulatory Commission said that the first year account owes 39 hundred million hands over the strong danger to fall hopefully to 950 Yua

“hands over the strong danger first year financial report account to lose money 3,900,000,000.”This morning 10:00, in the Insurance Regulatory Commission at the press conference, news spokesperson Yuan Li announced in the third quarter this news, the profit which estimated with the people 40,000,000,000 is very different. This was late more than month of conferences to finish in the short 25 minutes, transmitted the information according to the conference, paid the strong dangerous insurance premium to fall hopefully to 950 Yuan. hands over the strong dangerous first year account to lose money 39 hundred million Insurance Regulatory Commission President assistant Yuan Li to announce, writes up the junction strong danger topic financial report according to the Puhuayongdao Consultant firm to compile, from July 1st, 2006 to June 30, 2007, the nation hands over the strong dangerous service to insure each kind of vehicle 57,550,000, pays the strong dangerous service insurance premium to receive 50,700,000,000 Yuan. Up to June 30, 2007, already terminated insured liability the insurance premium 22,700,000,000 Yuan, not yet terminates insured liability the insurance premium 28,000,000,000 Yuan. Pays the strong dangerous indemnity to disburse 13,900,000,000 Yuan, each kind of running cost 14,100,000,000 Yuan, investment yield 1,400,000,000 Yuan. regarding the loss reason, Yuan Li indicated that because is handing over strong dangerous system implementation the first year, like the computer transforms, the flow restoration aspect Insurance company invested cost to be big, moreover the internal and external Insurance company finance calculation system existence difference, our country Insurance company's chit obtains the cost to work as the time amortization, this causes the account to lose money 3,900,000,000 Yuan. If according to international accounting standards calculation, then presents certain profit. At the same time, according to hands over the strong danger operating condition to January, 2007 to October the appraisal, along with hands over the strong dangerous service the steady movement, the paper profit is 930,000,000 Yuan. It is reported that the Insurance Regulatory Commission website will announce the management to hand over the strong dangerous 24 Insurance company's operating results today, the Insurance Regulatory Commission public hearing announced that will announce in next week. The death compensation specified amount plans to double Reporter to see in the morning the Chinese Insurance Profession Association "Hands over Strong Insurance cost Rate Plan about Reporting Instruction", in this official document, the association invites the actuary after to handing over the strong insurance cost rate has carried on the reckoning announces, some being awaiting trial important clause has the possibility modification extremely. pays the strong dangerous part important clause clause original provision to be awaiting trial the new provision to have the responsibility to die disabled compensation quota 5 ten thousand 11 ten thousand the 6 under private car insurance premium 1050 Yuan 950 Yuan to have the responsibility to pay damages medical compensation quota 8000 Yuan invariable property damage quota 2000 Yuan invariable to explain the tariff adjustment to be decided by whether to gain the Insurance Regulatory Commission wealth danger department concerned person in charge to indicate that the first year reckoning date was from last July 1 to June 30, was not all responsibility chit terminates. Reduces along with the managed cost, at the end of this year hands over the strong danger to be possible to present the profit, therefore the profession association draws up this to enhance the insured value to reduce the insurance premium the plan waiting further hearing. “hands over the strong danger should in line with not full not to owe the principle, if gains, after the tariff must carry on the hearing, revises.”Capital economics and trade professor Tuo the pillar of the nation told the reporters like this.

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