Date post: | 01-Jan-2016 |
Category: |
Documents |
Upload: | baldric-lambert |
View: | 217 times |
Download: | 3 times |
1
MONTHLY REPORT May, 2009MONTHLY REPORT May, 2009
Planning DivisionPlanning Division
Hans WangHans Wang
29th May. 200929th May. 2009
2
ENGAGED PROJECT THIS MONTH
Market Information
Premium Income Q1 2009
Happy Kids, Lucky Draw
3
Korea Life launches SMS service
Receiving Application
Market Market InfoInfo
Company’s HotlineCompany’s Hotline
text messagetext message
via mobil phonevia mobil phone
** Improve Customer Service QualityImprove Customer Service Quality
Receiving Premiums
Temporary Insurance Effects Temporary Insurance Effects when company receives text when company receives text
message from Agentsmessage from Agents
4
Prevoir eyes high growth on Bancassurance
Market Market InfoInfo
Prevoir
More than 3,000 Post Offices
Sacombank
ACB Bank
An Binh Bank
12 12 banksbanks
Targets year-on-year Targets year-on-year growth of 25% in growth of 25% in premiumpremium
29,737M in 200829,737M in 2008
90,750M in 201390,750M in 2013
5
Great Eastern raises Chartered Capital
Market Market InfoInfo
600 BillionVND
830 BillionVND
Capital raisedCapital raised
6
Premium Income – by Company
Prud
Bao Viet
ManuACE AIG
Daiichi
Cathay
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
PrudBao VietManuACEAIGDaiichiCathay
Company Prud. Bao Viet Manu ACE AIG Daiichi Cathay
Prem. Income 161,781 105,983 55,008 43,863 43,140 36,164 12,201
Proportion 34.9% 22.8% 11.9% 9.5% 9.3% 7.8% 2.6%
Prem Prem IncomeIncomeQ1 2009Q1 2009
* Prevoir (5,721 millions) and Great Eastern (213 millions)* Prevoir (5,721 millions) and Great Eastern (213 millions)
34.9%34.9%
22.8%22.8%
11.9%11.9%9.5%9.5%
In MillionIn Million
9.3%9.3%
2.6%2.6%
7.8%7.8%
7
Premium Income – by Products
ED
ILP
RidersTL WL
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
EDILPRidersTLWL
Company ED ILP Riders TL WL Annuity
Prem. Income 324,342 97,846 27,986 7,492 5,639 1,369
Proportion 69.9% 21.1% 6.0% 1.6% 1.1% 0.3%
Prem Prem IncomeIncomeQ1 2009Q1 2009
69.9%69.9%
21.1%21.1%
In MillionIn Million
6.0%6.0%
8
Happy Kids, Lucky Draw Happy KidsHappy Kids
Jun 1Jun 1stst Children’s Day Children’s DayPeriod: 2009/5/21~2009/7/15Period: 2009/5/21~2009/7/15
9
Happy Kids, Lucky Draw Happy KidsHappy Kids
RequirementsRequirements
C04 – Enhanced Child EducationC04 – Enhanced Child Education
Application must be submitted before 7/15Application must be submitted before 7/15
Policy must be underwritten before 7/27Policy must be underwritten before 7/27
FP must be 1,000,000VND or aboveFP must be 1,000,000VND or above
Employees not qualified to join Lucky DrawEmployees not qualified to join Lucky Draw
Location and Time of Drawing Ceremony :July 30th 2009 in The World Center Building
10
Happy Kids, Lucky Draw Happy KidsHappy Kids
PrizePrize
1st prize 1
2nd prize 5
3rd prize 10
Participated ………… 500
AmountAmount
DisneyDisney
Hong KongHong Kong
11
PLANNING PROJECT NEXT MONTH
New Product Launching
Repricing Current Products
Group Insurance
12
New Product Launching – C05 & C06
2009 May 11th C05 & C06 were approved by Head Office
2009 May 15th seeking MOF’s approval
2009 May 27th Reply MOF opinions
2009 Jun 15th~22th (Estimated) Receive MOF’s approval
New New producproduc
tt
Expected 30-day to Expected 30-day to receive approvalreceive approval
5 working days 5 working days preparation ( meeting preparation ( meeting for launching for launching products)products)
2009 Jun 29th (Estimated) C05 & C06 Launching
13
Repricing Current Products
6.00%
7.00%
8.00%
9.00%
10.00%
11.00%
12.00%
13.00%
14.00%
15.00% BasicInterestRate
Basic Interest RateBasic Interest RateBasic Interest RateBasic Interest Rate
Repricing
Year 2006 2007 2008 2009
A01
C01
C02
C03
C04
Pricing Interest RatePricing Interest RatePricing Interest RatePricing Interest Rate
Gross PremiumGross PremiumGross PremiumGross Premium
8.5%
6.5%
higherhigher
lowerlower
14
Group Insurance --New Product Proposal
Group Term Life (Basic Product)
Group AccidentRider
GroupGroupInsurancInsuranc
ee
Group AccidentMedical Rider
15