Zhongan Online Property Insurance Co., Ltd. was not founded by Ma Yun alone, but was jointly founded by well-known domestic enterprises such as Ant Financial, Tencent and Ping An. Based on the original intention of maintaining and promoting the ecological development of the Internet, it was approved by the China Insurance Regulatory Commission on September 29th, 20 13. It is the first internet insurance company in China.
Enterprise/family property insurance, freight insurance, liability insurance and credit guarantee insurance directly related to Internet transactions; Motor vehicle insurance, including motor vehicle traffic accident liability compulsory insurance and motor vehicle commercial insurance; Reinsurance business of the above business; Insurance fund utilization business permitted by national laws and regulations; Insurance information service business; Other businesses approved by China CIRC.
There are two main reasons why Zhongan Online has attracted the attention of all parties: First, it has a striking shareholder background. Ma Yun, Ma Mingzhe and Ma Hua Teng are all influential figures in China business circles; Second, the halo of "innovation" overhead, the business model and product research and development are "unprecedented".
In terms of ownership structure, Alibaba is the dominant party, with a shareholding ratio of 19.9%, making it the largest single shareholder; China Ping An and Tencent tied for the second largest shareholder with 5% respectively.
However, in addition to these three major shareholders, six other small and medium shareholders "surfaced". They are Ctrip, Fu You Holdings, Rixun Network Technology, Rixun Internet, Caltex Investment and Yuan Qiang Investment, mainly network technology or investment companies.
Baidu encyclopedia-zhongan online property insurance co., ltd