In the first half of the year, A -share companies intend to insure the number of directors and insurances in the insurance and insurance furnishings exceeding 15% of the annual coverage of last year

5Jul

Wen | Leng Cuihua

In the first half of the year, the number of A -share listed companies, which was announced to insure the insurance, had exceeded the whole year of last year. Director's responsibility market continues to grow rapidly. According to the incomplete statistics of the Securities Daily, a reporter from the Securities Daily showed that in the first half of this year, 257 listed companies have issued the Directors and insurance insurance plan, an increase of 83%year -on -year, and the insurance plan has exceeded 248 last year. Industry insiders believe that this shows that listed companies attach great importance to directors and danger. However, as a whole, the current coverage of the responsibility of Dong Langu is still low in the coverage of A -share listed companies, and there is still a lot of room for development in the market. 257 companies have released the insurance plan of the insurance plan. The full name is the responsibility insurance of directors, supervisors, and senior management. , Mistake, misleading statement, violation of responsibilities, etc.) caused by the losses caused by the legal liability caused by it. Dong Juezhang began to be followed by A -share listed companies. It originated from several incident -driven and the implementation of the new securities law. In the past two years, the insured volume of listed companies has continued to increase. In the first half of this year, 257 listed companies have issued an announcement to insure the danger of insurance. The company released the plan for the whole year was 248, and the 2020 was 113. From the perspective of the proposed company, 102 listed companies on the Shanghai Stock Exchange and 147 listed companies in the Shenzhen Stock Exchange. Shen Dizhong, Executive Director of Zhongyi Insurance Brokers, introduced to a reporter from the Securities Daily that the proportion of companies that have been insured in the insurance insurance in previous years have continued to insure in a high proportion, which is more than 90%. The number of companies is slightly less than the industry's previous expectations. One of the main reasons is that some of the companies intended to be newly insurance have more complex risk factors. The insurance company's willingness to underwrite is not very strong, so that the underwriting conditions are relatively harsh, such as high policy prices, making it difficult for companies that are interested in insurance. At the same time, the responsible insurance products themselves are complicated, the inquiry procedures are complicated, and the landing time is relatively long. "Dong Juezhang is an important part of the mature corporate governance system." Hao Chen, an associate professor at the China Company Governance Research Institute of Nankai University, told the Securities Daily that the increase in the demand of the relevant subjects increased the demand for the increase in the number of people in charge of Dong, and the implementation of the product's landing It is affected by many factors such as the concept of governance, purchase cost, and whether there are related supporting policies. Judging from the attitude of the independent directors of the listed company to the responsibility, most of the support attitudes. For example, the seven -wolf independent directors expressed their independent opinions that the purchase of high responsibility insurance for directors and supervisors was conducive to protecting the rights and interests of the company's directors, supervisors, senior managers, and related responsible persons, promoted its better performance of their duties, and conducive to improving the company's risk management system , Promote the healthy development of the company. Xinjiang Zhong and Independent Directors also issued independent opinions saying that buying liability insurance for the company and directors, supervisors, and senior management personnel is conducive to further improving the company's risk control system and reducing the risks that the directors, supervisors and senior management performed their duties normally. As well as the losses caused by the legal responsibility, it is conducive to protecting the rights and interests of the company and directors, supervisors and senior management personnel, assist relevant responsible persons to better fulfill their duties and promote the development of the company. Shen Dizhong said that the director of the listed company's director and supervisor has a great responsibility for management, and any issue of a company may be blamed for improper management. Therefore, if there is no directory and danger, the director of the director may not be willing to actively take the responsibility of management and make decisions for the company's development, that is, falling into a strange circle of "making more mistakes and not doing good". Therefore, the company's responsibility for the director of the director of the director is an important means to attract outstanding talents. At the same time, for investors, Dong is responsible for their losses to effectively implement the helper. Because the listed company and its directors and supervisors are facing huge compensation, if there is no cash support for the danger, it may make their loss of compensation for investors cannot be effectively implemented. Judging from the compensation of Director's Responsibility In the first half of the year, Shen Di said: "In summary, there are currently A -share listed companies who are claiming claims on their securities claims and collective lawsuits. With the progress of the lawsuit, there may be direct insurance insurance policies for compensation in the next few months. "The market demand for the overall rising trend of the danger rate has continued to increase. The opening has continued to rise, and there are already direct settlements that have triggered the application for claims. Under the influence of a variety of factors, the overall risk rate of directors in the first half of the year showed an upward trend. Shendu said that the overall risk rate of the danger rate of directors this year has maintained an upward trend, and the increase of the insured companies depends on its own characteristics. Judging from the factors that affect the rate, if the original rate of the renewal company is significantly lower than the market benchmark, it will face a certain pressure increase. If it is a new insurance company, the insurance company is currently paying attention to the fluctuations of the industry that intended to be insured. If there are many risk events in the industry, the insurance companies will be more cautious and the rate will be higher. The indicator reflecting the price insurance price is the rate, that is, the insurer collects the proportion of insurance premiums to the insurer or the insurer at the insurance amount. At present, what is the responsibility and rate of responsibility for the responsibility of the listed company to insure the danger? The reporter randomly selected 20 listed companies to investigate, and it can be seen slightly from the premium expenditure and compensation limit they released. Among these 20 companies, from the perspective of liability limit, the highest is 100 million yuan and the lowest is 8 million yuan.

Among the 20 listed companies, 6 companies have the responsibility for the compensation for the compensation of 100 million yuan, the limit limit for 2 compensation is 80 million yuan, and the compensation limit for the seven companies is 50 million yuan. Judging from the total amount of premiums and liability limit, the maximum of up to 20ths, the lowest is three thousandths. For example, a listed company intends to insure the insurance compensation limit of 50 million yuan and the premium limit of 1 million yuan. The limits of the responsibility of the danger of another listed company are 100 million yuan, and the total premiums are 300,000 yuan. On the whole, of the 20 companies, the total amount of premiums and liability limit of 13 companies is from 5ths (inclusive) to 10,000 (inclusive). Essence Industry insiders said that the pricing factors of the responsibility and insurance of the directory of Dong need to comprehensively consider the industry's industry, market performance, litigation risks, corporate governance, financial status, public opinion, and the personal situation of directors. The level of rates may have a large gap with the average market rate. Vowererate, the overall rate of responsibility and insurance in the past two years has shown an upward trend. For example, the compensation limit for the insurance plan in 2021 and 2022 is 100 million yuan, and the total premiums increased from 346,000 yuan last year to 433,000 yuan. By 5th of thousands of thousands, at a lower level among the 20 listed companies mentioned above. The ratio of the premium to the compensation limit of another company rose from less than 5th in 2020 to 6.5th of this year. Some listed companies have not changed in the past two years. Judging from the current responsibility of Dong Jue and the listed company in my country, industry insiders believe that despite the increasing number of insured subjects, the proportion of Directoral and insurance for A -share listed companies in my country is less than 15%. With the level of governance of listed companies. The improvement of the registration system, the improvement of the registration system, and the improvement of relevant laws and regulations, the future danger market still has a lot of room for development. Recommended reading

The price of pigs and feed to fly in the industry is a high probability event

The Shanghai Stock Exchange Index weighs 3,400 points, and 15 daily limit of the agricultural, forestry, animal husbandry and fishery industry! Where does the A -share market go from?

Picture ｜ Bag Picture Network Station Cool Hero Production | Liu Zhizhi

- END -