This article analyzes the Internet insurance product-ZhongAn Online from three modules. Module 1 (Company) 1. Company Profile ZhongAn Online Property Insurance Co., Ltd. (referred to as "ZhongAn Online") was established in November 2013. It is the first Internet property insurance company in China to obtain an insurance license. It was initiated by companies such as Ant Financial, Tencent, and Ping An of China It was established and was approved by the China Insurance Regulatory Commission on September 29, 2013. Headquartered in Shanghai, ZhongAn is the largest internet insurance company in China. As of March 31, 2017, ZhongAn has connected more than 190 ecological partners, sold more than 8.2 billion insurance policies, and served approximately 540 million policyholders and insureds.
Listed in Hong Kong on September 28, 2017, with a market value of 110 billion yuan, the first stock of Internet financial technology. 2. Relevant financial data Corresponding premium income of major insurance products from 2014 to 2017 (2017 is the first half of the phone number list year) Unit: RMB million Source of data: ZhongAn 2016 financial report, ZhongAn 2017 interim financial report According to the disclosure of the annual report, other types of insurance are mainly return insurance, which has always occupied an important position in the process of Zhongan Insurance's establishment. "Return insurance + guarantee insurance" stopped growing, and the proportion of business dropped significantly.
Among them, return insurance accounted for 77% of total premiums in 2014 to 28% in the first half of 2017, and Ali is a single-channel insurance company. The dominance situation has basically been reversed. Key financial data of ZhongAn Insurance's insurance business in recent years (unit: 100 million yuan) Data source: 2017 Internet Insurance Research Report (Spring Edition) Zhong An Insurance, Taikang Online, Yi An Property & Casualty Insurance and Anxin Property & Casualty Insurance are 4 pure internet insurance companies. ZhongAn Insurance took the lead in obtaining an internet insurance license in October 2013, more than two years earlier than any of the other three companies.