The southern commercial bank''s territory is in the south. It also has a branch in the system whose status and power is second only to the head office. Belito is also in DIDU at this time.


    Before, many people were afraid of the three guarantees policy, which obviously wanted to lose money, and ignored the actual benefits of making money in the insurance business. When the two banks represented by belito and Taylor noticed that each other were looking here, the economists and financial experts of the two banks, including some well-known professors in the academic circles, began to participate in the analysis and summary of the insurance business, They also built many mathematical and economic models to verify the results of their analysis.


    The result is very gratifying. It seems that all the students who participated in the tuition insurance are likely to go to college. For this reason, they have collected an insurance fee that may be less than 200 yuan for many years, but they have to pay thousands of yuan of tuition fees when these insured go to college. From a purely numerical point of view, this is obviously a very uneconomic business, indicating a huge loss. Similarly, for other insurance businesses, such as medical and accident insurance, the insured''s annual expenditure of 20 or 30 yuan is not much, but once they enter the hospital, it is a huge amount of compensation.


    From hundreds to thousands of yuan, which is why many people were not optimistic about the three guarantees policy and the insurance industry at that time, because the uncontrollable risk is too great. A big carelessness can make a powerful enterprise a thing of the past overnight.


    According to the mathematician''s algorithm, this is indeed very dangerous, but if these numbers are brought into the economic environment, it seems less terrible.


    Twenty years ago, a gentleman had a deposit of ten yuan, which was enough for him to buy a house in a slightly backward city, but he deposited the money in the bank to buy a house for his son or grandson when he grew up.


    Today, twenty years later, the interest on this money in the bank has become 40 yuan, quadrupling, on average doubling every five years. But now forty yuan, not to mention buying a house, is enough for a family''s life for a month.


    Why is that?


    Under the influence of commodity circulation and the general economic environment, the rate of currency depreciation will continue to reduce the real value of the face value of the currency at a very stable rate until a ten dollar note is equal to or even worse than the past one dollar after a period of time.


    But some things will not change with the devaluation of the currency, that is, the value of the commodity itself. Ten years ago, it only cost two cents to buy a bread. Ten years later, it costs 20 cents to buy a bread. The value of bread has not changed, but the value of money has changed. When applied to the economic model, if the current money is used to buy something that can "preserve value", it will get more benefits on "paper money" in many years.


    If only this, it will not bring any benefits to the insurance business that exceed people''s expectations. Therefore, after many days and nights, insurance companies, or the economic think tanks in the two major industries, have finally found the key key, the key to opening the door of wealth - the agreement.


    The agreement takes effect from the first second when the insured pays the insurance premium. In this agreement, the insurance company will use the "current vision" to make the insured think that the insurance they buy is worth it. As long as they buy it and make a lot of money, it is written in black and white on the agreement. Once any situation on the policy occurs, They will pay compensation ranging from 50 yuan to 5000 yuan.


    But they calculated that from the beginning of the first phase of the premium to the end of the last phase, they may only need to pay less than 50 yuan of the premium, but they received a return of up to 100 times. It was a huge profit!


    However, if we look at this policy ten years or more later, even if the insured has an accident that needs to be settled on the policy or triggers any compensation agreement, they will find that the insurance they earned in that year has become chicken ribs, even if they get the highest standard compensation of 5000 yuan in the agreement, Maybe the five thousand yuan at this time can''t even afford a coffin cover!


    So did the insurance company make money?


    Of course they made it. After they got the premium, they immediately exchanged the currency representing purchasing power, that is, the currency, directly for the actual goods, that is, the purchasing power. This behavior can be regarded as an investment. Except for those who fail, these investments not only will not depreciate, but also will continue to appreciate, and will be polarized with the depreciating currency. Ten years later, the purchasing power of the same currency has been seriously reduced due to depreciation and inflation, but they have cashed in their purchasing power ten years ago. Their profits are higher than their losses. They beat hippie.


    When they need to pay the insurance benefits that need to be settled, what they pay to the insured is not the purchasing power cashed in that year, but the currency that has been seriously devalued. In the past, this money was equal to 100 times the premium, but now, they may be worth a premium, or even worse.


    There is also the cashing of purchasing power in the second year and the cashing of purchasing power in the third year... So the two banks concluded that insurance companies will definitely make money, and still make a lot of money, much more than banks!


    Therefore, the two banks attach great importance to the insurance business. Belito, a bank shareholder who actively participated in the whole process and even developed the insurance business, was sent to the imperial capital by them and continued to close the door of the diamond mine with Taylor to prevent their money from being taken away by others.


    After the approval of the chamber of Commerce came down, not only the imperial central bank but also belito. After reading all the approvals, he breathed a sigh of relief, and the matter was settled. Although there were many accidents in this process, such as Dooling''s rush to buy those insurance policies, for example, the local rich in the West also participated in the rush to buy insurance policies, for example, even the imperial central bank participated in the commercial act of dividing the victory cake, but in the end, he won - part.


    This has made him very satisfied. Robbing food from the mouth of the imperial central bank has greatly increased his reputation in the South Commercial Bank. Many people think it is very encouraging. Now they also know that before belito got the news, in fact, the imperial central bank had reached a series of transactions with the cabinet and went to the west to prepare for the big trouble left by mennong. They are the "third party", which is a great victory.


    Now that the approval document is down, the process to go is still to go. First, determine the organization and member list of the self regulatory committee, and then the Federation will release this fact to all sectors of society. Then, they can talk to Du Lin and buy back the insurance policy in his hand. They are not worried that Du Lin does not nod because he does not have the standard to enter the insurance industry. Even if he does, his standards are not enough under the intervention of the insurance industry self regulatory committee.


    Therefore, the two banks held the inaugural meeting of the insurance industry self Regulatory Committee on the third floor of Peace Hotel, a hotel with high political and commercial significance. In addition to belito, Taylor and the seven retail investors, there are some "enthusiasts" from the society, such as people from nanshang firm and people from the imperial central bank.


    Of course, such an important meeting should be held in a high standard. The preparatory group of the committee not only covered the whole three layers, but also invited nearly 100 journalists and newspapers, as well as some real "enthusiasts" from all walks of life to support it.


    "The meeting will be held in 15 minutes. See if there is anything missing." Taylor asked, standing on the podium in the conference hall, looking at the rows of seats and name cards below.


    Belito stood beside him. He shook his head, smiled and held out his hand to Taylor. "I think it''s perfect. Congratulations, Mr. Taylor. I heard that the central bank board nominated you as the first executive director of the insurance company?"


    Taylor picked his mouth slightly, which tickled his itch. He didn''t expect that the Council had given him such a big stage and power. This was indeed his happiest time in recent days. I wish everyone would ask once.


    He smiled modestly and nodded. "In the future, we still need your cooperation, Mr. belito."


    Belito also said a few nice words with a smile, cooperate?


    It is impossible to cooperate. It is impossible to cooperate in this life. Nan Commercial Bank and imperial central bank are always two hostile camps. It may be more pleasant to say that it is a battle.


    At the same time, Dooling stood in front of the first villa on imperial First Avenue, smiled and said goodbye to MARGES''s wife, holding a small gift box full of pancakes. Although Maggs didn''t say that pancakes were not delicious, the lady who often found those pancakes "corpses" in the dustbin knew that Maggs was not interested in pancakes. Women, especially women like her, are not suitable for doing anything, because no matter what she does, it will be considered that this may be a signal released by MARGES. She can only stay quietly at home, and even entertainment must be reduced.


    Now her only pleasure is cooking and making some snacks for relatives or visitors. She likes this young man Du Lin who likes to eat his own pancakes very much, which is like being affirmed by others in her career.


    After this visit, Du Lin also asked to take some pancakes to leave, which made MARGES''s wife very happy and sent him out in person.


    "Madam, please stop..." Du Lin, standing outside the yard, declined the idea that MARGES''s wife would send him away for a while. After thanking him again and again, he took the initiative to leave. Out of the first avenue, he threw the gift box into the trash can, and then got into the waiting car, "go to the peace hotel!"


    When someone reported it to Maggs, Maggs laughed and scolded an asshole and didn''t say anything. He knew very well that the purpose of Du Lin''s doing this was very simple to make his wife happy. It happened that this was what he wanted to do. So why did he punish Du Lin? Because Dooling made his wife smile a little more?


    Kicked the trash can under the kick, in which the dead pancake bodies were hidden in the dark.