Public Mutual Insurance Corporation

Zhonghui property mutual insurance society

Zhonghui property Mutual Insurance Co., Ltd. is the first nationwide mutual insurance organization approved by CIRC in China. It is located in Qianhai, Shenzhen, the window of financial innovation, with an initial operating capital of 1 billion yuan. Its main business includes credit insurance, guarantee insurance, short-term health and accident insurance, etc.

Business content

Credit insurance; guarantee insurance; short term health and accidental injury insurance; reinsurance business of the above business; insurance fund utilization business permitted by national laws and regulations; other business approved by CIRC.

Enterprise brand

On February 15, 2017, Zhonghui property Mutual Insurance Co., Ltd. announced its opening. This is the first Mutual Insurance Co., Ltd. approved its opening after the CIRC issued the "Pilot Measures for supervision of mutual insurance organizations" on January 23, 2015 and officially approved the establishment of the first batch of pilot institutions of mutual insurance Co., Ltd. on June 22, 2016.

Development history

On June 22, 2016, CIRC approved the establishment of Zhonghui property mutual insurance society.

Approval contents and requirements:

It is agreed that 6 enterprises including Yongtai Energy Co., Ltd., Dalian Xianfeng Investment Management Co., Ltd., Kunwu Jiuding Investment Management Co., Ltd., jinyindao (Beijing) Network Technology Co., Ltd., Xingtai Zhende Real Estate Development Co., Ltd., Shenzhen Qianhai New Financial Investment Co., Ltd. and 2 natural persons including Li Jing and song Weiqing are the main sponsor members of Tianyun rongchuang Data technology (Beijing) Co., Ltd. and other 536 enterprises and natural persons, as general sponsor members, jointly prepared to build Zhonghui property mutual insurance society, with an initial operating capital of 200 million yuan. Registered in Shenzhen, Guangdong Province, Li Jing is to be the chairman of the board of directors and Yu Wei is to be the general manager.

The preparatory group shall complete the preparatory work within one year from the date of receiving the approval notice. During the preparatory period, it shall not engage in insurance business activities. Without approval, it shall not change the main sponsor members, the proposed chairman and the proposed general manager. The preparatory group shall handle the preparatory work in strict accordance with the Trial Measures for the supervision of mutual insurance organizations and other relevant laws and regulations, and report the progress of the preparatory work to the China Insurance Regulatory Commission in a timely manner.

On February 10, 2017, CIRC approved the opening of Zhonghui property mutual insurance company.

On February 14, 2017, Shenzhen Insurance Regulatory Bureau issued the business license of Zhonghui property mutual insurance company.

On May 24, 2017, Zhonghui mutual announced the first mutual insurance policy.

On June 28, 2017, Cixi municipal government signed a strategic cooperation agreement with Zhonghui.

On November 21, 2017, the "member co governance" mode of mutual benefit was first implemented in China.