停止接受多项新业务！安心财险收罚单，5人遭禁业

Regulatory Actions - The Financial Regulatory Bureau has imposed penalties on Anxin Property Insurance Co., Ltd. for multiple violations, including failure to use approved insurance terms and rates, and submitting false claims data [1] - Anxin Insurance is prohibited from accepting new credit guarantee insurance business for 36 months, short-term health insurance for 24 months, and vehicle insurance for 6 months [1] - A total of 14 individuals received warnings and fines totaling 770,000 yuan, with several individuals banned from the insurance industry for periods ranging from 6 to 11 years [1] Company Performance - Anxin Insurance has experienced stagnation in business development, with insurance revenue and net losses fluctuating significantly from 2016 to 2021, culminating in a net loss of 276 million yuan in 2021 [2] - In recent years, the company reported negative insurance revenues and continued net losses, with figures of -17.86 million yuan in 2022, -4.3 million yuan in 2023, and -0.134 million yuan in the first three quarters of 2024 [2] - As of the end of Q3 2024, Anxin Insurance's net assets were -735 million yuan, with a core solvency ratio of -871.59%, indicating severe insolvency [2] Corporate Restructuring - In March 2024, Anxin Insurance relocated its registered office from Beijing to Suzhou, with market speculation about potential state-owned capital involvement [2] - In September 2024, the Financial Regulatory Bureau approved the establishment of Suzhou Dongwu Property Insurance Co., Ltd., which is believed to be related to the risk management of Anxin Insurance [3] - Dongwu Insurance has a registered capital of 2 billion yuan and is set to operate under the supervision of the Jiangsu Financial Regulatory Bureau, with a wide range of insurance services planned [3]