Peace Group Insurance Policy

China's insurance has been developed more than 20 years , being considered as the rising industry by its speed and contribution to GDP, public finance and full employment. While we affirm the achievements of deep informing and steady development, we should make an appropriate appraisal of the defect as bellow: increasing quantity of insurance institution and decreasing quality of service, seeking speed of development and ignoring stability of management, simplistic way of competition in the rate of premium led to increasing financial risk etc. Mr. Wu , chairman of CIRC, drew the inference that insurance has three functions: compensation for loss, social management and circulating funds, which is the guide to insurance supervising and controlling system in new century , and also is a new milestone in history. There are both opportunities and challenges in new situation that China joined in the WTO. Being one of backbone of life insurance, group insurance shares weal and woe with medical treatment and life insurance system informing and makes indispensable complementary for basic insurance. Ping'an group insurance has seized the opportunity in sharp competition and made rapid growth. But how to keep its key superiority in future competition is what in Ping'an Company should consider for.In this paper, first ,we briefly review the history of insurance especially great changes in 2003, making general industrial circumstances clear, then make an in-deep analysis in present structure of team insurance, further, by analyzing the key factors in chains, make readers understand degree of competition. On the basic of this, the author sums up experience of success, finds present problems and discusses the way to future development.The author thinks that group insurance has great development in future, foreign enterprise has made active preparation for entering. Only by taking precautions, giving itself a penetrating analysis, overcoming difficulties can Ping'an Insurance Company face up to the future challenges. For this, the author collects a vast amount of professional information and successful cases to analyze in order to find the key to success.Insurance industry put emphasis on how to develop, how to enlarge scales and to conform to the standard while going. Today, further opening of insurance put forward to how to keep balance between development and standardizing. How should Ping'an group insurance do to set up and keep its superiority in such condition is just what the author has laid emphasis on to discuss.After consulting lots of documents and thinking deeply, the author drew the conclusion that the coming competition will consist in service, but not price. Ping'an must establish service system in advance to keep its superiority. Of course, there are many other factors such as reserve for human resources, reasonable utilization of IT etc. For limiting of time and energy, the author cannot make deep research in this field and look forward to volunteer to give an opinion so that others may follow suit. If any wrong hope readers to point out.