Chapter 844: Leading auto insurance company

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White Tiger Technology Company and Tidal Investment Company are relatively special existences. Although the former holds a lot of cutting-edge technology, it cannot be used in the civilian market casually, and it is difficult to maximize the benefits of technology.

Tidal Investment Company is actually his personal pocketbook. Since he has made a promise not to take money from the above industries for his own use, many things will be difficult to do without additional sources of money.

The situations of these two companies are also completely different. Tidal Investment Company makes money and makes money softly, which is no different from making money lying down, while Baihu Technology Company has worked hard, but its ability to make money is quite poor.

However, Baihu Technology Company still had some income last year. This is a happy event for Ye Zishu. It ended the previous state of pure investment, and finally saw the money back.

The first is the income from the positioning and navigation satellite system, which is 10 billion yuan in total, including the annual rental fee of relevant departments and the income from the civilian field. This income is considered very high.

After all, the construction cost of this satellite system is only about 50 billion yuan, and the post-maintenance cost is relatively low. It can be paid back in about five or six years, and the next step is pure profit, with a very good rate of return.

The second is the income from the remote sensing satellite system, a total of 12 billion yuan. The main income comes from the use fees of relevant departments, and the income from the civilian field is not high enough.

The income in the civilian field mainly comes from Phoenix Technology Corporation, whose electronic map production and various remote sensing application development all require the data of the remote sensing satellite system.

The car navigation system of Huanyu Group also uses the electronic map navigation of Phoenix Technology Company, and entrusts Qinglong Technology Company to help develop the hardware.

The current income in this area is not very high. In the future, as electronic maps become more and more widely used, the value of advanced remote sensing satellite systems will be reflected.

In addition, it is the income from the purchase of remote sensing data by relevant government departments. Since the high-definition version is provided, the charges are relatively expensive.

They also have a common version of the remote sensing data system. If needed, civilian enterprises can purchase services to apply remote sensing data to their own systems.

The remote sensing satellite system can be used in a wide range of fields, not just making electronic maps, such as vegetation coverage research, forest intelligent fire prevention, intelligent soil erosion monitoring, urban environment monitoring, land use monitoring, etc.

A lot of intelligent technology and remote sensing technology are used here. The combination of the two allows relevant personnel to understand what happened while sitting in the office, without on-site surveys, saving a lot of manpower and material resources.

The other is the communication satellite system that was just completed last year. At present, we have negotiated the lease fee with relevant parties, which is 12 billion yuan per year and will not be paid until this year.

Last year, the main income came from the satellite communication module that came with the smartphone.

I originally thought that this business would develop slowly, but I didn't expect it to be okay.

The number of registered users worldwide has reached 20 million. You must know that Qinglong Technology's smartphones only sold more than 30 million units last year, and the ratio of subscriptions is still very high.

The reason is that there is no cost to open it. Many mobile phone users will open an account for backup. It is more convenient in case they need to use it, and it is also more friendly to them.

The number of users who actually recharge money in it has been greatly reduced, with a total of only 8 million. These people probably think that they will use the satellite communication network and recharge some money for backup. The recharge amount is about 4 billion yuan.

On average, each account is recharged with a fee of about 500 yuan. Although the user has not spent the money, it has actually belonged to Baihu Technology, because they will not refund the money.

As for the application of communication satellites in the Internet of Things, there is not much progress yet, and there is no income, so last year their income in this area was 4 billion yuan.

Then there is the income from the virtual world. Since the lease period was only half a year last year, the payment was only 25 billion yuan. However, this income is still considerable, and it can be regarded as the largest single income.

In the future, this business will also be a relatively stable business of Baihu Technology Company. At least it can guarantee that there will be no problems in the operation of Baihu Technology Company. Even if other businesses are closed, the company will not go bankrupt.

Finally, there is income from military weapons and equipment. Although their equipment looks very advanced, it has only appeared for a short time, and many features have not yet been figured out, so the amount of purchases is not large.

Moreover, the budget is fixed, and it is impossible to make large-scale purchases suddenly. Even some orders discussed at the end of last year can only be paid this year. The reason is still the budget.

Therefore, the income of this part is not high, only about 10 billion yuan, mainly concentrated in missiles and other weapons. The missile technology of Baihu Technology Company is also very advanced, but the previous varieties are not complete.

Most of them are aviation missiles. After all, their previous business was in this field. With limited R\u0026D personnel, they can only choose this direction.

According to the orders signed at the end of last year, this year's revenue is quite impressive, reaching 100 billion yuan, and there may be more in the future, which is a good start.

According to these business incomes, the total income last year was 61 billion yuan. In addition to maintaining the operation of Baihu Technology, it is still a bit stretched compared with the projects they are about to carry out.

If he hadn't left most of the 300 billion yuan he injected before, enough to support their daily research and development and the construction of the space station, it is estimated that he would inject another capital into Baihu Technology.

No matter what, Baihu Technology Company finally got out of infancy and was able to walk alone. In the future, their own revenue can support their own development, and he doesn't need to worry about money.

According to his thinking, he doesn't plan to take money out of Baihu Technology Company, and naturally he doesn't want to take money in himself. The previous 300 billion yuan is already the limit he thinks.

The development of the military and space fields is certainly important, but the economy and people's livelihood are equally important, and the funds that should be used for economic and people's livelihood development should not be taken out just because of these developments.

Last year, Tidal Investment Company faithfully implemented the investment strategy according to his ideas. The smart Tidal Investment System alone earned 4 trillion yuan from the global financial market, and the fees were quite generous.

The money was not invested immediately, but held in his own hands. At the same time, the previous investments in Southeast Asia, Japan, South Korea and other countries were gradually withdrawn.

After all, these assets will depreciate on a large scale soon, so there is no need to continue to die in it. Since the time is still short, the appreciation of these assets is not large, but they still make some money. This part of the fund is about 1 trillion yuan.

In other words, Tidal Investment Company has 5 trillion yuan of funds that can be used at any time. If the Southeast Asian financial crisis occurs in the middle of the year, they still have a chance to make money for half a year.

At that time, the funds in their hands will add up to about 7 trillion yuan. Such a huge amount of funds, even if it is not magnified through financial institutions, is already terrifying.

If it is amplified through financial institutions, even if it is the most conservative strategy, it will be magnified by 5 times, which will be 35 trillion yuan of funds, not to mention secretly acting behind the back of international hot money.

Even if they act alone, it is actually enough to trigger the desired effect, but he doesn't like being in the limelight in the financial field, and making money secretly is the right way, and leaving the limelight to others.

Originally, it was planned to prepare part of the funds for the construction of super maglev transportation in China. As a result, only a test line of more than 100 kilometers was built, which did not cost much money at all.

Last year, the domestic investment scale was about 300 billion yuan. It's not that they don't want to invest, but that there are not many high-quality investment projects that they really value.

After all, most of the advanced industries in the country are in his hands, and the quality of the remaining assets will definitely not be very high, and they are worth looking at. It is still unknown whether others are willing to let them invest.

In addition, good projects were basically invested in the year before last, so last year's domestic investment was not as large as Ye Zishu imagined. Not only did it not increase, but it shrank.

Ye Zishu doesn't care about this. If there is a good project, it will be invested, and if there is no one, it will be fine. Anyway, the money is not hard to earn, and it is not in a hurry to hold it.

There is no need for a huge investment institution like them to invest in the stock market. First, their plates are relatively small, and their huge size simply cannot churn in a small pool.

The second is good and high-quality projects. If companies are willing to accept investment, they can complete them directly offline, without going to the secondary financial market to buy them.

The rest is the insurance business. Although they have many insurance businesses, the fastest-growing auto insurance business just happened to be at the stage when domestic auto consumption took off.

Most of the cars in China are sold by Huanyu Group. They cooperated with Huanyu Group and directly let professional insurance personnel stay in the 4S shop of Huanyu Group.

When customers buy a car, they sell the insurance business easily. If they don't require that the people who sell insurance must be professionals, otherwise they don't even need on-site personnel.

The reason for doing this is Ye Zishu's request. Their insurance business sales must be carried out by insurance brokers who have undergone strict training, and they cannot just let one person come up to sell insurance.

When selling insurance, everything must be clearly stated, especially the key terms, no matter how impatient the customer is, they must be clearly stated, and the on-site recording must be uploaded to the company server.

This ensures that each customer can clearly understand all the information of the insurance item when purchasing insurance, and avoid unpredictable reputation problems.

Although domestic insurance made a lot of money in the previous life, it had a very bad reputation. What they wanted to do was a century-old shop. Leaving aside other things, the service must be standardized and not be marketed casually.

However, there is a rather interesting measure, which even Yeshu did not think of, is to conduct psychological and personality tests on users. According to the test results, there will be fluctuations on the basis of the standard insurance premiums.

For example, people with relatively high positive emotions such as morality and self-control tend to have lower insurance premiums than standard insurance premiums, while people with more negative emotions such as irritability and extreme personality, who are prone to traffic accidents, have higher premiums than standard insurance premiums.

If the negative emotion value is very high, they probably won't do this business, because artificial intelligence judges such a person, the probability of a traffic accident is very high, and the high probability is a loss-making business.

For their method, many people did not understand at first, especially those who had a bad temper. After the test, they found that they had to pay more insurance premiums. Naturally, they were not happy, and the noise was inevitable.

But they are very firm about this, either pay more, or let them go to other companies to buy insurance, they would rather not do this business.

They are commercial insurance companies. If they don't want to make this money, it's useless to make trouble. This is their right, and they can argue anywhere.

Of course, the premiums of these people are not static. As the subsequent performance gets better and better, their premiums will become lower and lower until they return to standard premiums.

In fact, their decision is very correct. After testing, people with high positive emotional values ​​have a much lower probability of having a traffic accident than those with high negative emotional values.

Although the premiums charged to them are lower, the profits they earn are actually higher. People with high negative emotional values ​​are basically losing money.

Interestingly, at the beginning, other insurance companies wanted to see the enthusiasm of Tidal Insurance Company, thinking that they shut out customers in this way, which is not what a commercial company should do, and it will seriously affect the development of normal business.

Moreover, these insurance companies have no scruples about the business that Tidal Insurance does not do. As a result, at the end of the year, most of them are losing money. Even if they make money, the profit is not high.

This behavior of Tidal Insurance did not affect the normal business development. Most of the car owners actually enjoyed benefits from it, and when they settled the claims, they handled them very quickly.

When settling claims, it is not the claimants who have the final say, but AI. The claimants only need to carefully take pictures of the accident scene and upload them to the server. The artificial intelligence can determine the cause of the accident and the responsibilities of all parties.

There was not a lot of wrangling in the whole process. First, when the insurance was sold, everything had already been said, and there was a recording as evidence, so there was no way to deny it.

Second, the accuracy of artificial intelligence judgments is very high. In the whole year of last year, there was not a single misjudgment of an accident. The accident analysis given is clear and convincing.

Not to mention ordinary car owners, even when the police came, they had to admire the artificial intelligence's judgment on the accident. It was impeccable, and basically no details were missed.

As long as the car owner accepts the judgment made by the artificial intelligence, the claim can be settled on the spot, and the claim fee will be directly transferred to the other party's account without any delay.

In addition, they also provide many other additional service benefits, such as towing service. If you buy a car from Huanyu Group, you can enjoy free towing service, which is very important for car owners who break down.

The reason why they are willing to provide this kind of service to the cars of Huanyu Group is very simple, that is, they are very confident in the cars of Huanyu Group, and basically there will be no breakdowns.

In addition to the auto insurance business, there are also life insurance, medical insurance, housing insurance, agricultural insurance, and special insurance business, but the development is not as fast as the auto insurance business.

There are many reasons for this, either because established insurance companies already occupy the market, or because the market has not yet grown and needs time to develop slowly.

For example, medical insurance, the market itself is actually not big. Everyone buys a membership of Tai Chi Medical Group, which is equivalent to insurance, which is more affordable, and you don’t need to care about how much the claim fee is, anyway, the treatment is free.

These third-party commercial medical insurances are far inferior to buying members of Tai Chi Medical Group. Not to mention Tidal Insurance, all domestic insurance companies have been hit hard, and this business has not done much.

However, Taiji Medical Group is not a financial company after all, and their membership fees are still handed over to Tidal Investment Company for conservative value-added investment.

At present, people don't pay attention to housing insurance. In fact, the purpose of launching this insurance is to protect people from worrying about housing problems no matter what the situation is, and it plays a key role in "homeownership".

Last year, their insurance revenue was 80 billion yuan. Due to excellent risk management and control, the net profit margin was very high, reaching 30%, and the net profit was 24 billion yuan.