A Strategy To Increase The Underwriting Profit For China Pacific Property Insurance Co Harbin Branch

The underwriting profit in property insurance company is also the corn business profit. In China, due to the property insurance industry initially started late, extensive operating; the underwriting profit is relatively small, or even negative. China Pacific Property Insurance Co. (CPPI) is the second largest property company in Chinese market. In addition the Harbin branch of CPPI was established in 2001, the company expanded rapidly during the 9 years. From premium income 4.02 million to 12.28 billion, the income rolled 30 times. However the profit was regularly negative. To search and analyze the reason of making loss and to figure out the method to increase the underwriting profit became the urgent problem of Harbin branch of CPPI.This essay based on analyzing constitution and influence factor of underwriting profit, firstly to analyze the situation and existing problem of CPPI Harbin branch in the recent years, Secondly to analyze the reasons of loss on underwriting profit, last but not least based on the theory of realizing the underwriting profit of other foreign property insurance companies to provide countermeasure for dealing with the problem, including reinforce the accept insurance risk management, reinforce expense management, manage the compensation with value chain, and optimize the insurance kind composition, etc.