With the intensification of opening up, the action of foreign giants is accelerating.
Recently, "A Wisdom Insurance" noted that Allianz, which intends to make a big show in the Chinese insurance market, has undergone a major personnel adjustment between its two insurance subsidiaries, JD Allianz Property & Casualty Insurance and Allianz Life:
First, Xu Chunjun, general manager of JD Allianz Property & Casualty Insurance, resigned, and then Mao Weibiao of Ping An Department was recruited to join as the interim head; now Chen Liang, general manager of Allianz Life insurance of Zhongde, has been "replaced", and Xu Chunjun has been transferred from property insurance to the position of general manager.
Such an arrangement seems to be revealing some new information.
It seems that since the Banking and Insurance Regulatory Commission issued the "Decision on Amending the Implementation Rules > of the Regulations of the People's Republic of China on the Administration of Foreign-Funded Insurance Companies in <", the upper limit of foreign ownership in life insurance companies has been eliminated, and the German Allianz Group has found more room for development.
Arranging the familiar "old department" to the life insurance company, Allianz's layout in China is accelerating.
Ann contacts things to move
Property insurance transports talent to life insurance
On April 2, the Guangdong Banking and Insurance Regulatory Bureau disclosed a personnel appointment approving Mao Weibiao's qualifications as chairman of JD Allianz Property & Casualty Insurance. However, it is interesting that on this day, several personnel appointments of Allianz Life were also approved.
The Shanghai Banking and Insurance Regulatory Bureau approved the qualifications of the general manager, secretary of the board of directors and assistant general manager of Allianz Life:
· Approved Xu Chunjun's qualifications as the general manager of Allianz Life.
· Approve Pei Hongqi's qualifications as secretary of the board of directors of Allianz Life Insurance.
· Approved the qualifications of Li Xinxiang as assistant to the general manager of Allianz Life.
· Approved the qualifications of Hu Dongzhongde Allianz Life Assistant General Manager.
· Approved the qualifications of Liu Kaizhongde Allianz Life Assistant General Manager.
· Approved Hao Yufei's qualifications as assistant to the general manager of Allianz Life.
Although it may seem like a normal appointment, it has an unusual connection.
It is reported that Xu Chunjun was previously the general manager of JD Allianz Property and Casualty Insurance, but resigned from this position at the end of December 2020, and the resignation was deliberated and approved at the second meeting of the fourth board of directors, and it was decided that Xu Chunjun's tenure would be terminated from December 31, 2020. At this meeting, JD Allianz Property & Casualty designated Mao Weibiao as the interim head of the company, and the term of office will not exceed three months from January 1, 2021.
In addition, Pei Hongqi is also from JD Allianz Property & Casualty Insurance. On August 16, 2020, Pei Hongqi left his position as the secretary of the board of directors and the head of compliance of JD Allianz Property & Casualty Insurance.
In the past and the end, I have long been prepared for this personnel move.
Jingdong Allianz personnel replacement
Attract foreign aid to strengthen the body
The so-called strategic layout, personnel first. The personnel changes between Allianz Life and JD Allianz Property & Casualty insurance are all about the arrangements of the German Allianz Group in China. In November 2019, the German Allianz Group took the lead in establishing the first foreign insurance group in China - Allianz Holdings, before and after this, Allianz frequent actions in China, including equity changes, personnel adjustments, business expansion.
It is reported that in recent days, it has been reported that Xiang Lei, assistant to the president and vice president of business of ZhongAn Insurance, has joined JD Allianz Property and Casualty insurance and will serve as vice president and be responsible for the business in the field of Internet insurance.
On the one hand, Mao Weibiao, who has experience in large companies, serves as the chairman of Jingdong Allianz Property & Casualty Insurance, and generally controls the strategic direction issues, on the other hand, it is to introduce Xiang Lei, who has experience in the Internet insurance industry, mainly in the field of Internet insurance.
In fact, the predecessor of JD Allianz Property & Casualty Insurance, Allianz Property & Casualty Insurance, began to seek the development of Internet insurance business in the early years. In 2018, Allianz Property & Casualty insurance and Jingdong "flash marriage", so that Allianz Property & Casualty Insurance, a traditional foreign-funded property insurance company, has another background, an internationally renowned insurance company, a well-known traffic platform in the United Nations, and the future development prospects can be said to make the market very worth looking forward to. And this time, the hand in hand also makes Allianz, which originally wanted to do Internet insurance business, have a fuller confidence.
Since JD joined, JD Allianz Property & Casualty has performed well. According to the data, from 2018 to 2020, the premium income of Jingdong Allianz Property & Casualty Insurance was 1.049 billion yuan, 2.356 billion yuan and 3.512 billion yuan, respectively, an increase of 14.9%, 124.6% and 49% year-on-year, compared with the previous Allianz single-handedness, JD.com's joining did bring a lot of surprises to Anlian.
However, with the acceleration of market opening, Allianz is not satisfied with this. To this end, the introduction of foreign aid may also be an operation method of Allianz.
It should be noted that the current JD Allianz Property & Casualty Insurance has not yet lacked a general manager after providing senior management personnel for Zhongde Allianz Life, and it is worth looking forward to whether the next time is to introduce or promote internally.
Sino-German Allianz Life transformation
"Localization" becomes an important consideration
Let's look at Allianz Life. Allianz Holdings, which intends to wholly control Sino-German Allianz Life, is also speeding up the acquisition of shares.
It is reported that the two shareholders, Allianz Holdings, have reached a property transfer agreement with CITIC Trust, and the former will acquire 49% of the equity of Allianz Life held by CITIC Trust. However, the transaction has yet to be approved by the China Banking and Insurance Regulatory Commission.
When it comes to the sino-German Allianz Life becoming a wholly foreign-owned enterprise, in fact, the industry has long had a consensus, but it is only a matter of time. But for this change, Allianz actually spent a lot of effort.
When China's financial industry gradually liberalized foreign investment, at the end of 2019, Allianz Controlled Investment landed in the envious eyes of foreign investors. After the establishment of Allianz Holdings, it began to move its equity in China. In November 2019, Allianz Holdings took over a 51% stake in Allianz Life held by the former Allianz Insurance Group. At the end of November 2020, allianz Group of Germany intends to withdraw from Taibao Lian Health, and its equity will be transferred to the CPIC Group.
Moreover, in order to increase the strength of Allianz Holdings, Allianz intends to "add" its "doppelganger" in China. On December 21, 2020, Allianz (China) announced that it intends to increase its capital by 1.2 billion yuan.
A series of actions are in order to better layout the Chinese market.
Nowadays, with the gradual transfer of equity in place, Sino-German Allianz Life is also about to usher in a new identity, and Allianz naturally has to adapt to the needs of China's localization development. Just like AIA Life, the development of localization also requires locally cultivated talents to carry out specific practices.
To this end, the introduction of Xu Chunjun by Allianz Life may also be based on this consideration.
Xu Chunjun, graduated from Shanxi University, master's degree in business management, has nearly 20 years of experience in life insurance, health insurance, property insurance operation and management, has worked in piccurance, Ping An, Pacific three major insurance institutions, in the insurance institution headquarters, provincial companies, prefectural and municipal companies at multiple levels of business development, risk control, operation and management experience.
It is worth noting that after Allianz withdrew from the Taibao Lian Health jointly created with CPIC, it is also worth looking forward to how to maximize the advantages of health management by enhancing the health insurance territory of Sino-German Allianz Life.
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