史带财险因多项违规遭上海监管局处罚

Core Points - The Shanghai Regulatory Bureau of the National Financial Supervision Administration imposed a fine of 1.105 million yuan on Shidai Property Insurance Co., Ltd. for multiple violations, including the improper use of approved insurance rates and the preparation of false reports [2][4] - The chief underwriter of the accident and health insurance department, Yuan Zhixiang, was also penalized with a warning and a fine of 45,000 yuan for his responsibility in the preparation of false reports [2][4] Company Overview - Shidai Property Insurance, formerly known as Dazhong Insurance, was established in Shanghai in 1995 with a registered capital of 1.4325 billion yuan, primarily engaged in various property insurance, reinsurance, and fund utilization businesses [5] - The company recently transitioned to a wholly foreign-owned insurance company in August 2023 and is a member of the Shidai Group in China, holding an A rating from A.M. Best [5] - Shidai Property Insurance offers a range of services, including accident and health insurance, property insurance, and liability insurance, catering to both corporate and individual clients [5] Regulatory History - This is not the first regulatory penalty for Shidai Property Insurance; in January 2024, the company was fined 200,000 yuan for insufficient cybersecurity management [5]