First of all, water drop insurance was established on 20 17. Not an insurance company, but an internet insurance agency platform.
As an internet insurance platform, it is not qualified to provide insurance services directly.
Instead, it cooperates with regular insurance companies certified by many countries and is the channel for these companies to sell insurance products online.
These cooperative insurance companies are approved by the regulatory authorities and have the status of national formal insurance.
The insurance products provided for consumers on water drop insurance are underwritten by these formal insurance companies, which undertake claims and are formal.
Therefore, users can get the same protection as other regular insurance companies when purchasing and enjoying insurance products provided by Didi Insurance.
Secondly, we need to clarify the national supervision system of the insurance market.
The insurance industry in China is an important part of the financial industry, and the state has very strict supervision over the insurance market.
Insurance companies need to obtain the approval of China Financial Supervision Bureau and abide by a series of relevant laws, regulations and rules.
Only insurance companies approved by the CIRC and strictly abide by relevant laws and regulations are recognized as "national formal insurance companies".
Want to know more about insurance, remember to come to the official account of WeChat for consultation!