The Southern Commercial Bank is located in the south, and there is also a branch in the imperial capital that is second only to the head office in the system, and Belito is also in the imperial capital at this time, in this branch.

When the two major banks represented by Berlito and Taylor noticed that they were looking at each other, economists and financial experts from the two major banks, including some very famous professors in the academic world, began to participate in the analysis and summary of the insurance business, and they also built a lot of mathematical and economic models to verify the results of their analysis.

The results are very encouraging, and it seems that all the students who participate in the tuition insurance are likely to go to college, for which they have collected insurance fees that may be less than 200 yuan for many years, but they have to pay thousands of dollars in tuition fees when these insured people go to college, which is obviously a very uneconomical business from a purely numerical point of view, indicating a huge loss. In the same way, like other insurance businesses, such as medical and accident insurance, the insured person's annual expenditure of twenty or thirty yuan is not much, but once they enter the hospital, it is a huge amount of compensation.

From a few hundred yuan to several thousand yuan, this 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, and a big carelessness can make a strong enterprise a thing of the past overnight.

This is indeed very dangerous according to the mathematician's algorithm, but if you bring these numbers into the economic environment, it seems less terrifying.

Twenty years ago, a gentleman had ten dollars in savings, enough to buy a house in a slightly backward city, but he put it in the bank and put it in the bank for his son or grandson to buy a house when they grew up.

Twenty years later, the interest on this money in the bank has become forty dollars, a fourfold increase, and an average of double every five years. But now forty yuan, let alone buying a house, is enough for a family to live for a month.

Why is this happening?

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 currency face value at a very steady rate, until a ten-dollar note is equal to the past dollar after a period of time, or even worse.

But there is something that does not change with the depreciation of the currency, and that is the value of the commodity itself. Ten years ago it cost two cents to buy a loaf of bread, and ten years later it costs twenty cents to buy a loaf of bread, and the value of the bread has not changed, but the value of the currency has changed. In the economic model, if the current money is used to buy something that can "preserve its value", it will be put into the "paper money" in many years.

If this alone cannot bring any more benefits to the insurance business than people expect, so the insurance company, or the current economic think tank in the two major banks, after many days and nights, finally found the key to open the door to wealth - the agreement.

From the first second of the insured to pay the insurance premium, the agreement takes effect, in this agreement the insurance company will use the "current gaze" to look very affordable content, so that the insured thinks that the insurance they buy is worth it, as long as they buy it and make a lot of money, after all, the agreement is written in white on a black background, once any situation on the policy occurs, they will compensate from 50 yuan to 5,000 yuan in compensation.

However, they calculated that from the first installment of the premium to the last installment, they may only need to pay less than 50 yuan in premiums, but in exchange for a maximum of 100 times the return, it is simply a huge profit!

But if you put this policy ten years or more later, even if the insured has an accident that needs to be claimed on the policy, or when any compensation agreement is triggered, they will find that the insurance that they thought they had earned back then has become chicken, even if they get the highest standard of 5,000 yuan in the agreement, maybe the 5,000 yuan at this time may not even be able to afford a coffin lid!

So did the insurance company make it?

Of course, they earned it, and immediately after receiving the premium, they exchanged the currency, which represents purchasing power, for the actual commodity, that is, the purchasing power cash. This behavior can be seen as an investment that, except for those that fail, not only does not depreciate but continues to appreciate, and is polarized with a depreciating currency. Ten years later, the same currency has been very much reduced due to depreciation and inflation, but they have cashed in their purchasing power ten years ago, and their profits outperform the hippies.

When they need to pay for the insurance money that needs to be claimed, they are not paying the insured the purchasing power that was cashed in that year, but the currency that has been severely depreciated, which in the past was equal to a hundred times the premium, but now they may be worth a premium, or even less.

There is also the cashing out of the purchasing power in the second year, and the cashing in the third year...... , so the two major banks came to the conclusion that insurance companies will definitely make money, and they will make a lot of money, much more than the banks!

Therefore, the two major banks attach great importance to the insurance business, and Belito, a bank shareholder who actively participated in the whole process and can even be said to have developed the insurance business, was sent by them to the imperial capital to continue to close the door of this diamond mine with Taylor, so that the money that belongs to them will not be taken away by others.

After the approval of the Chamber of Commerce, not only the Imperial Bank had one, but also Belito here. He breathed a sigh of relief after reading all the approvals, and the matter was settled. Although there were many accidents in the process, such as Durin's snapping up of those insurance policies, for example, the local indigenous tycoons in the west also participated in the rush to buy insurance policies, for example, even the Imperial Central Bank was involved in this business to divide the cake of victory, but in the end he still won - part of it.

This has been able to make him very satisfied, snatching food from the mouth of the Imperial Bank has made him have a great reputation in NCB, and many people think that this is a very uplifting thing. Now they also know that before Belito got the news, in fact, the Imperial Bank had reached a series of deals with the cabinet, going to the west to prepare for the big trouble left by Memnon, and they were the "third party", which was a great victory.

Now that the approval has come down, the process that should be taken is still to go, first of all, to determine the organization and membership list of the self-discipline committee, and then the United Chamber of Commerce will release this fact to all sectors of society, and then you can talk to Du Lin to buy back the policy in his hand, they are not worried at all that Du Lin will not nod his head, because he does not have the standards to enter the insurance industry. Even if he does, his standards are not substandard under the interference of the Insurance Industry Self-Discipline Committee.

To this end, the two banks held the inaugural meeting of the Insurance Industry Self-Discipline Committee on the third floor of the Peace Hotel, a hotel of great political and commercial significance. In addition to Bellito and Taylor and the seven retail investors, there were also some "enthusiasts" from the community, such as the people of the South Commercial Bank and the Imperial Central Bank.

The preparatory group of the committee not only covered the entire three floors, but also invited nearly 100 reporters and newspapers, as well as some real "enthusiastic people" from all walks of life, to support such an important meeting.

"Fifteen minutes to go, let's see what's missing. Taylor stood on the rostrum in the conference hall, looked at the rows of seats and name cards below, and asked.

Belito was standing beside him, he shook his head, smiled and stretched out his hand to Taylor, "I think it's perfect, congratulations, Mr. Taylor, I heard that the central bank's board of governors nominated you to be the first executive director of an insurance company?"

The corners of Taylor's mouth rose slightly, which tickled him, he didn't expect the council to give him such a big stage and power, this was indeed the happiest time he had in the past few days, and he wished everyone could ask once.

He smiled very modestly and nodded implicitly, "In the future, I will need your cooperation from Mr. Belitor in my work." ”

Bellito also smiled and said a few nice words, cooperate?

It is impossible to cooperate, it is impossible to cooperate in this life, NCB and the Imperial Bank will always be two hostile camps, and it may be more pleasant to say that it is a battle.

Meanwhile, Durin stood in front of the first villa on First Avenue in the Empire, smiling goodbye to Mags's wife, carrying a small gift box full of crepes. Although Maggs did not say that the pancakes were not tasty, the lady who often found the "corpses" of the pancakes in the trash could knew that Maggs was not interested in pancakes. Women, especially women like her, are actually not suitable for anything, because whatever she does, it will be perceived as a signal from Maggs that she can only stay at home quietly, and even socialize less.

Now her only pleasure is cooking, making small snacks for relatives or visitors to taste, and she is very fond of this young man who likes to eat his own crepes, Durin, as if he has been recognized in his career.

After this visit, Durin also offered to take some crepes and leave, which made Mags's wife very happy and personally sent him out.

"Madam, please stop ......", Dulin, who was standing outside the courtyard, politely rejected the idea of Mags's wife to send him a little longer, and took the initiative to leave after thanking him repeatedly. Walking out of First Avenue, he casually threw the gift box into the trash, and then got into the car that had been waiting for a long time, "Go to the Peace Hotel!"

When someone reported the incident to Maggs, Maggs laughed and scolded the bastard and didn't say anything. He knew very well that Doolin was doing this for a simple purpose, to make his wife happy, and that was exactly what he wanted to do, so why did he punish Doolin because Dorin's gave his wife a smile on her face?

Kicked the trash can under his feet, and the pieces of fallen pancake corpses were hidden in the darkness.