On the 26th, the China Insurance Regulatory Commission announced the 2013 annual motor vehicle traffic accident liability compulsory insurance business. The China Insurance Regulatory Commission has reviewed the relevant reports on the insurance business of 50 insurance companies such as China People's Property Insurance Co., Ltd. according to law. According to the aggregated data, in 2013, the insurance contracted loss of 4.3 billion yuan, investment income of 4.5 billion yuan, operating profit of 200 million yuan, the basic balance of profit and loss in that year. In 2012, the insurance contracted loss was 8.3 billion yuan, the investment income was 2.9 billion yuan, and the operating loss was 5.4 billion yuan.
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Some of our popular graphite moulds for casting include:
1. Graphite Ingot Moulds: These moulds are used for casting metal ingots, such as gold, silver, and other precious metals. They come in various sizes and shapes to accommodate different casting requirements.
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3. Graphite Dies: Dies are used for casting complex shapes and intricate parts. Our graphite dies are precision-machined to ensure accurate and repeatable casting results.
4. Graphite Plates: Plates are used for casting flat or thin metal parts. Our graphite plates are available in various thicknesses and sizes to meet different casting needs.
5. Graphite Rings: Rings are commonly used for casting cylindrical or round-shaped metal parts. Our graphite rings are highly durable and can withstand high temperatures and pressures.
All our graphite moulds are carefully crafted to meet the highest quality standards. They undergo rigorous quality checks to ensure they are free from defects and can provide consistent and reliable casting results.
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The relevant person in charge of the China Insurance Association said that due to the relatively good capital market situation last year, the cross-insurance insurance achieved a slight profit, and the financial risks brought about by the long-term operating losses of the cross-strong insurance also eased. In addition, the issue of the rising comprehensive cost ratio of the cross-border insurance, which has been concerned by the outside world, has been further curbed by last year.
According to the disclosure, in 2013, the insurance companies that operated the insurance business jointly insured 147 million vehicles, the total liability for heavy insurance compensation was 178.287 billion yuan, the handling of traffic accidents was 22.53 million, and the rescue expenses were 220,000. It provides a strong guarantee for victims of road traffic accidents to receive timely treatment and compensation. At the same time, the association also urged insurance companies to fully withdraw and pay for social assistance funds for road traffic accidents. In 2013, a total of 2 billion yuan was allocated to the rescue fund. In terms of vehicle and vessel tax collection and payment, the national vehicle and vessel tax revenue reached 47.4 billion yuan last year, an increase of 21% year-on-year.
In addition, from March 2012, foreign insurance companies can apply for the opening of a strong insurance business. In 2013, the China Insurance Regulatory Commission approved five foreign-invested insurance companies, including Meiya, to carry out cross-border insurance business. Up to now, a total of nine foreign-invested insurance companies, such as Zhongbao, Fubon, AVIC, Mengtai, Meiya, Samsung, Allianz, China, and Hyundai, have obtained the qualifications for the insurance business, and the market system for the insurance has been further improved.