Vol 3 Chapter 28: Something big to fail

What is an insurance company?
Liar, fool, nothing good.
Since the insurance company appeared in China, the name of the insurance company has been equivalent to a combination of fraudsters and pyramid schemes.
Whoever sells insurance can completely wipe out all relatives.
Because of all the people who sell insurance, 99% of the first sales target will be relatives and friends.
It won’t be long before people who do insurance will become objects of disgust for people to see.
The insurance companies are big scammers, and insurance companies are companies that scam money.
Even if the three companies that were split by PICC have Chinese characters, it is still difficult to avoid the concept of liars given to the four words insurance company.
This is an industry that makes people despise and hate, and it is also an industry that makes people frown deeply.
Tang Jiefang couldn't help frowning.
As the president of Huahai University, he had to consider what kind of impact the establishment of an insurance company would have on the school. If the school becomes a group of scammers that everyone hates and despise, then he, the principal, has no face to go on.
A guy like Shen Jiannan had already become a good one, and when he saw that Tang Jiefang's expression was wrong, he hurriedly blew a bad wind.
"President. It is better to teach people how to fish than to teach people how to fish. All universities in the United States have their own industries, so there is no need to rely on government financial allocations. But our country has been under financial pressure in recent years. If there are schools, If you have your own school and enterprise, you can relieve a lot of pressure for the country."
Tang Jiefang's heart moved.
With his knowledge, how can he not know that teaching people to fish is worse than teaching people to fish.
If the school has its own source of income, not only can it reduce the pressure for the country, but the school's financial affairs will not have to live in a hurry.
But then, he couldn't help but sigh.
"That's the United States, our domestic environment, you also know."
"Huaxia University can have Fangyuan Group, why can't Huahai have its own school enterprise?"
Yes indeed.
Why can't Huahai have its own school enterprise?
"Little Shen. Can you tell me the reason for the insurance company? I have learned about the three companies under the PICC. The performance and reputation are messed up. You know, it's not very good. Insurance seems to have no future. "
No future?
There are several industries in the world that have more money than insurance companies!
Shen Jiannan slandered to himself.
But he also knew that Tang Jiefang could not be blamed for this.
For many people, when it comes to the financial industry, the first thing that comes to mind is securities. As for banks that can be seen everywhere, they are ignored.
As everyone knows, in the three basic frameworks of the financial industry, the securities industry is the industry with the most shallow background.
Don’t you see that all the most expensive buildings in the world are insurance companies.
The largest companies in the world by market capitalization are also listed banks.
As for the insurance company.
In the eyes of many people, it is almost directly linked to scammers and has no future at all.
In the 1990s or even 20 years later, a large part of the Chinese people’s understanding of insurance is no different from the most disgusting pyramid schemes or fraud groups.
The pyramid increase in staff structure, the benefit-linking model of the superior and the subordinate, and the brainwashing marketing training have made many people have a deep aversion to this industry.
But Shen Jiannan understands that this industry that everyone hates will have a terrifying power when it gets bigger.
Banks, securities, trusts, and insurance are the four basic frameworks that make up the financial market.
Financial professionals know that banks are the most important component of the financial market, but Shen Jiannan knows the future well. The insurance company is the one that hides the deepest and most terrifying among the four major components of the financial market.
Because any company can go bankrupt, including banks, but insurance companies have regulations that never allow bankruptcy.
This alone is enough to prove what an insurance company means to a country.
As for the power of insurance companies, for a long time people had no idea about its power.
Most people think that the industry that everyone spurns has a great future.
If anyone has an insurance company at home, he can definitely take out all his relatives. This shows how unwelcome insurance is.
Until the next generation of a treasure series turned out.
Relying on the terror of capital power, a certain treasure-based insurance company has been pushing the stock market all the way, killing all major listed companies wherever they go.
The real estate industry giants, electric appliance giants and major listed companies are all stunned and messed up in the wind. Those big bosses who usually bet 100 million billions of dollars for a long time can only keep cursing at others before their unmatched terrorist power. barbarian.
Only then did people realize what kind of power insurance capital holds.
The so-called certain department is just a department of a company, and it is just an iceberg for the insurance industry.
Among them, Kangtai, which is not well-known, has an operating capital of 1.7 trillion in insurance capital.
What concept?
It's all cash, not market value, enough to buy a US state.
However, in the 1990s, the insurance industry was the most neglected industry. As long as anyone had ideals, he did not want to get involved in such an industry.
Even with the three Chinese characters split by PICC, most of the insurance policies can only be sold to state-owned enterprises and institutions through bundling marketing. As for going to the streets to sell insurance, it will only be slobbered.
Commercial insurance was completely suppressed by the foreign insurance company, AIA, a subsidiary of American International.
In addition to sales reasons, people's disapproval of insurance, the concept of the times and the concept of service are more caused.
The monks from outside are good at chanting.
aIg under aIa, this foreign-funded financial and insurance company, from the 1980s to the 1990s, made large sums of insurance premiums from China. It is also in this environment that the senior management realizes that wealth is being plundered in the form of finance and fully supports domestic insurance companies.
There is also the safety of HSBC Bank, which became bigger and stronger in the future.
As for the subsequent establishment of the China Insurance Regulatory Commission, the first article states that insurance companies can only merge companies that cannot go bankrupt.
The so-called big but not down, is talking about insurance companies.
During the subprime mortgage crisis, major investment banks and commercial banks went bankrupt, but AIG came back from the dead.
why?
Involved too much
It can be said that an insurance company that is too big to fail is simply a gold medal to avoid death.
Normal things will not touch a huge insurance company at all.
But one thing is that everyone who can enter the insurance industry has a huge background.
If it works well, an insurance company is a red paper. If it doesn’t work well, it will become a reminder at any time.
In the world of capital ~EbookFREE.me~ has always been murderous.
But if you cooperate with a university like Huahai to hold an insurance company, it will definitely be a win-win result.
"Principal. American International Group, you know, the premiums earned from our country are hundreds of millions a year, and Neon First Life Insurance Company has tens of billions of annual profits."
"Do you think I can still cheat on school?"
"I'm least ashamed of the guy who just makes money for himself and forgets that he doesn't even understand gratitude."
"Think about it, if we set up an insurance company and wait for profit, how much expenditure can be saved in the national finance every year."
"The teachers' salaries have not been paid for a long time. Just relying on the above funds is an unbearable burden for the students and the school."
"..."