Since this year, the trend of insurance stocks in A-share market is relatively low, but some Internet insurance concept stocks have come out of a wave of independent market. Of the 27 concept stocks mentioned above, as of October 21, the share prices of 18 stocks had positive growth during the year, of which 14 stocks rose by more than 10%. Five Internet insurance concept stocks, including Weining health, jingtianli, yinzhijie, bangxun technology and Wanda information, all increased by more than 50%. Among the five old insurance stocks, only two have positive growth.
Among the 27 Internet insurance concept stocks, Weining health gained the most during the year, more than 70%. Its insurance business is also quite representative. The companys business covers medical insurance fund supervision, medical insurance payment mode reform, medical insurance fund operation and management, commercial health insurance intelligent risk control, etc. its research and development of big data, artificial intelligence and other technologies provide solutions and service systems for medical insurance, commercial insurance, medical and other parties. On October 12 this year, Weining Health announced that in order to strengthen its capital strength, Weining technology plans to introduce new shareholders by means of equity transfer and capital increase and share expansion to develop insurance, medical insurance, intelligent risk control and data business.
On the one hand, the rapid growth of Internet insurance concept stocks is related to the growing demand of insurance enterprises for technology, on the other hand, it is also related to the rapid growth and broad development prospects of Internet insurance business.
Judging from the development speed of Internet insurance business this year, four professional Internet insurance companies, including Zhongan online, Taikang online, Anxin property insurance and Yian property insurance, have written 4.354 billion insurance policies, with a cumulative premium income of 13.278 billion yuan, a year-on-year increase of 44.22%, far higher than the overall growth rate of the insurance industry of 6.46%.
In addition, the advantages of insurance companies which focus on online, digital and intelligent are highlighted due to the outbreak, and the impact of the outbreak is relatively less than that of traditional insurance companies. According to the half yearly report of Zhongan online in 2020, in the first half of this year, compared with the second half of 2019, Zhongan online user consultation volume increased by nearly 150%, while the human cost of customer service department only increased by 42%, realizing the improvement of operation efficiency by 74%.
Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425