Number of Insurance Agents in Communist China Plummets by One Million in Less Than a Year

【Japan Himalaya League】 Author: Youlanzide  Translator: Ranting

According to a Nov. 29 report in the Liberty Times, the number of insurance agents in China exceeded 9 million in 2020. However, according to data from the first half of 2021, the number plummeted by more than 1 million in less than a year.

According to reports, the number of agency-based insurance salespeople listed and registered to practice in Communist China in 2020 was 9.712 million. And in the first half of 2021 alone, that number has slipped to 8.428 million. That’s a drop of nearly 1.3 million people in less than a year.

Image from Reuters

As of the end of the third quarter of this year, Ping An Insurance Group’s individual life insurance sales agents numbered 706,200, down 317,600 from 1,023,800 at the end of last year, a reduction of nearly one-third; while China Life’s individual insurance sales agents numbered 980,000, down 170,000 from 1,150,000 three months ago. The number of China Life’s individual insurance sales agents was 980,000, down by 170,000 from 1,150,000 three months ago.

In addition, many industry insiders said that the current published agent data may also exist “bump” phenomenon. According to a person in charge of a life insurance branch, although many agents retain their positions, they do not attend work for years and do not produce a single, which really belongs to the invalid manpower.

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Posted by: Ranting

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