Towards the end of the year, whether it is a leading insurance company or a small and medium-sized insurance company in a critical period of development, senior management personnel changes are still frequent.
According to incomplete statistics from the Insurance Association, since the beginning of this year, the chairman or general manager of nearly 80 insurance companies has changed, including Chinese Life, Chinese People's Insurance, China Taibao, Xinhua Insurance and other insurance giants, at the same time, many small and medium-sized life insurance and property insurance companies are involved.
The five major listed insurers have all ushered in changes
In the senior management adjustment of the insurance industry, the top insurance companies have attracted the most attention.
In March this year, Luo Xi, the former chairman of Chinese Insurance, stepped down ahead of schedule, and Wang Tingke, the former president, became the new chairman, and in June, Wang Tingke was approved by the regulator and became the seventh chairman of Chinese InsuranceIn July of the same year, Zhao Peng was transferred from Chinese Life to Chinese People's Insurance Company, and in November, the State Administration of Financial Supervision and Administration approved Zhao Peng's qualifications to serve as the company's president and director. At this point, the Chinese People's Insurance officially formed the "Wang Zhao match" combination.
At the same time, Chinese life executives have also ushered in a major adjustment. On November 10, the State Administration of Financial Supervision and Administration also approved Li Mingguang's qualifications, and after Li Mingguang became president, the post of chief actuary of Chinese Life was held by Hou Jin, and it has been approved. At the same time, Chinese Life also has a number of vice presidents, namely Zhao Guodong, Liu Hui and Bai Kai, all of whom have taken up their new positions since August.
Ping An of China has also ushered in a senior management adjustment. In April this year, Yao Bo resigned as co-CEO of Ping AnIn September, Chen Xinying also resigned as co-CEO and executive deputy general manager for personal and family reasons, and was replaced by Guo Xiaotao, chief human resources officer of Ping An Group.
In addition, Fu Xin, chief operating officer of Ping An of China, was appointed deputy general manager of Ping An Group, and Ping An Group's subsidiaries were also adjusted, among them, Zhu Yong was appointed general manager of Ping An Health Insurance, and Long Quan succeeded Sun Jianping as chairman of Ping An Property & Casualty.
In October this year, Xinhua Insurance announced that the company agreed to elect Yang Yucheng as the chairman of the company's eighth board of directors, and Yang Yucheng's qualifications are yet to be approved by regulators.
CPIC executives are likely to see a major change. At the same time, according to the "Shanghai Release" WeChat *** released by the Shanghai Municipal Management Cadres before taking office, Fu Fan, General Manager of the China Pacific Insurance and Deputy Secretary of the Party Committee, intends to serve as the head of the municipal management enterprise.
Personnel adjustments for small and medium-sized insurers are becoming more frequent
Compared with the leading insurance companies, small and medium-sized insurance companies have made more frequent personnel adjustments, including medium-sized insurance companies with considerable volume and scale such as Sunshine Life Insurance, Centennial Life Insurance, Zijin Property Insurance, and Hezhong Property Insurance, as well as banking, foreign-funded, and joint venture insurance companies such as CCB Life Insurance, Bank of China Insurance, and Sino-British Life Insurance, as well as smaller insurance companies such as Guoyuan Agricultural Insurance, Xin'an Insurance, and Yellow River Property Insurance.
For example, in September this year, Wang Rundong, general manager of Sunshine Life, resigned for personal reasons, and was subsequently replaced by Li Soyi, who has been with Sunshine for 14 yearsIn October this year, Zijin Insurance issued two announcements in succession, saying that Li Mingyao, who had been in office for nearly seven years, had now resigned from the company's chairman and other positions, and elected Chen Jiaming as the company's chairman.
At the same time, after more than two years of vacancy as chairman and president, Centennial Life has finally formed a new leadership team, and in early March this year, Wang Xinhao, former vice president of Shanghai Pudong Development Bank, served as chairman of Centennial LifeAt the end of June, Dai Wenhao, the former deputy general manager of Pacific Life Insurance, proposed to be the president of Centennial Life.
For example, on September 19, Lin Shunhui, the former president of the Shanghai branch of China Construction Bank, was approved to serve as the chairman of CCB LifeIn October, Xiao Bin, the former chairman of ABC Life Insurance for more than 10 years, retired, and Xue Yaqin, who had previously served as the general manager of ABC's credit card center, took over.
In this regard, some industry insiders bluntly said that if the change of leadership of the head insurance company is more about the in-depth promotion of strategic reform and transformation, then the personnel adjustment of small and medium-sized insurance companies is mainly due to the more fierce competition in the insurance market in recent years, the profitability of small and medium-sized insurance companies has declined, and the shareholders hope to change the company's development status through personnel adjustment.
With the retirement of the older generation of insurers and the new generation of insurers coming to power, it is worth looking forward to where the insurance industry will go