Industry News | The relocation of the headquarters of this insurance company has been approved!

According to the insurance license information on the official website of the State Administration of Financial Regulation, on February 1, 2024, the Jiangsu Regulatory Bureau officially approved the relocation of Anxin Property Insurance Co., Ltd. from Beijing to Suzhou, Jiangsu.

Public information shows that Anxin Insurance is one of the four professional Internet insurance companies in China. It was founded on December 31, 2015. Its legal representative is Han Gang, with a registered capital of 1.285 billion yuan. The largest shareholder is Zhongxin Investment Group, with a shareholding of 33.074%. According to information disclosed on its official website, Anxin Insurance has achieved a D-level comprehensive risk rating in both of its recent two rounds, resulting in a serious lack of solvency adequacy ratio and a substantial stagnation in the company's business development.

Due to a negative solvency adequacy ratio, the company has been ordered to suspend accepting new car insurance business, and the short-term health insurance business, which is a strategic insurance type, is no longer operational. The company's business development is in a stagnant state. Due to the inability to operate new businesses and the existence of insurance withdrawals in previous periods, the company's cumulative premium income in 2023 was -43000 yuan, posing a serious challenge to premium income.

At the same time, the company is continuously promoting the progress of capital increase matters, actively communicating investment intentions with potential investors who meet regulatory requirements, and striving to make substantial progress in capital increase work as soon as possible, in order to alleviate the liquidity pressure faced by the company as soon as possible.

The relocation of Anxin Insurance may indicate an adjustment in the company's shareholder structure, strategic direction, or business priorities, and future development will face significant changes.