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野村:第二季壽險保費收入大增,內險行業正強勁復甦
格隆匯 07-20 13:41

野村發表研究報告指,中國保險業正從新冠肺炎的影響中強勁復甦,第二季的人壽壽險保費收入按年增長11%,財險的保費收入按年增長11%。該行認為,健康保險業務仍然是主要的增長動力,首5個月的保費增長率為20%,尤其是短期健康保險產品的增長率為40%,主要是由財險和在線保險業務推動。

野村指,由於高質量的保險業務,維持中國平安(2318.HK)作為長期持有的核心股份,並相信如果利率反彈,中國人壽(2628.HK)、新華保險(1336.HK)和中國太平(0966.HK)將有更好表現。

當中,野村認為,新華保險和中國人壽在總保費增長和新業務價值增長方面均領先於同行,預計國壽上半年的新業務價值增速較高,而首季的增速為8.3%,並且第二季和上半年的總保費增長率分別為14%和13%。

野村指,由於新冠肺炎的影響有限,預計人壽保險業務將進一步恢復,因為內地的疫情已基本得到控制。但是該行又認為,一旦全面的汽車改革開始,汽車保險費的增長可能會進一步放緩,這可能在今年之內發生。

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