Of course, the top three are the state-owned enterprises of State Grid, PetroChina and Sinopec, and the fourth is a well-known domestic construction company. But the most surprising thing is that Ping An of China, which ranks fifth, as an insurance company, can achieve such outstanding results is very difficult. In any case, it is commendable that at present, the three large domestic insurance companies are bankrupt, and China can smoothly swim against the current. So from the current development situation, is insurance still worth buying? If the insurance company goes bankrupt, is the policy still valid? Expert: It still works and is reassuring. In fact, Ping An's achievements as an insurance company not only rank fifth in the mainland, but also look at the world, Ping An of China ranks sixteenth in the world among enterprises, which is very prominent. So why has China been able to achieve such outstanding achievements in Ping An? In fact, in order to understand the answer to this question, we must first understand the scope of Ping An's business in China.
As we all know, although Ping An of China has the insurance industry as its main business, its scope is still very extensive. Including medical insurance, travel insurance, vehicle insurance and life insurance, all of which are within the scope of Ping An Insurance business in Mainland China. Regarding insurance in all aspects of our lives, it can be said that it is inseparable from Ping An in China. Still, it's hard to believe ping an in china has achieved so much, and the reputation of the domestic insurance industry in recent years has not been very good. This is also because in recent years domestic insurance salesmen have carried out various unexpected operations. Many people blindly buy a lot of insurance due to lack of knowledge to buy insurance, motivated by insurance salesmen. After all, not only failed to receive claims, but also brought a lot of losses to themselves, so the sales of domestic insurance in recent years are not very optimistic.
Nevertheless, in the first half of 2021, the retail sales of the mainland insurance industry were still as high as 270 million yuan. At the same time, the amount of bills has also continued to increase, and now it has reached 700 billion yuan. Various data show that although the insurance industry has not been sluggish in recent years, it still has strong vitality and it is relatively easy to make money. Therefore, there is still a certain practical basis for China to successfully occupy the fifth place of domestic enterprises. However, just because China is successfully achieving results does not mean that all domestic insurers are developing well. For example, the three insurance companies mentioned in this article have reached the brink of bankruptcy. When the news spread, there was also a commotion in society. These three companies are large insurance companies, so does their bankruptcy mean that the insurance we bought cannot "insure" us? So, what should we do with our insurance policy? First, investigate which of the three bankrupt insurance companies owns them. They are Anbang Insurance, Guoxin Life, and Oriental Life. In fact, these three insurance companies have a good experience in China, and they have had a long and brilliant experience. Guosen Life, for example, has been operating in China for 16 years.
Oriental Life also has a history of 10 years, and national insurance has been established for 17 years, and has a relatively strong foundation. The three insurance companies went out of business for their own reasons. For example, when Orient Life tried to go public, something unexpected happened, and the listing failed, affecting the operation of the company and eventually declaring bankruptcy. Anbang Insurance was also unlucky, once, Anbang Insurance was a world-famous insurance company. However, due to its own business problems, it was discovered by the relevant departments in 2018 and was eventually severely punished and on the verge of bankruptcy. These accounts tell us that if any industry wants to operate for a long time, it must be steady and steady, step by step, and must also capture the hearts of consumers. Only by meeting these conditions can enterprises survive in a rapidly changing market environment.
Readers already understand the reasons for the collapse of these three insurance companies, but we are more concerned about how the insurance companies should deal with the policies they bought after they failed. In fact, readers need not worry about this issue. Because the country already has regulations. If the insurance company goes bankrupt due to poor management, it pays the insured the huge deposit paid when the company was established.