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2012年,保险行业经历了大涨大跌,市场在“制度变革”与“业绩风险”间纠结。不过,归因于保险行业触底与政策期待,2012年保险股股价表现好于2011年。同时,“制度变革预期”带领保险行业在2012年上半年走出独立行情,但“股票熊市”所引至的业绩大幅下滑,导致保险行业在下半年表现平庸。然而,展望2013年,保险行业的多项市场化改革措施将启动,对于在“寒冬”中苦苦煎熬的保险公司,十分期待未来一年能有些许“春天的暖意”。那么,2013年,保险行业能否迎来改革的“春天”呢?
In 2012, the insurance industry experienced a plunge and the market tangled between “institutional change” and “performance risk.” However, due to the insurance industry bottoming out and policy expectations, insurance stocks in 2012 performed better than in 2011. At the same time, “System Reform Expectations” led the insurance industry out of the independent market in the first half of 2012, but the performance led by “Stocks Bear Market” dropped sharply, causing the insurance industry to behave mediocre in the second half of the year. However, a number of market-based reforms in the insurance industry will be launched in 2013. Insurers struggling in the “winter” are looking forward to some “spring warmth” in the coming year. So, in 2013, the insurance industry can usher in the reform “Spring ”?