停止接受多项新业务！安心财险收罚单 5人遭禁业

Regulatory Actions - The China Banking and Insurance Regulatory Commission (CBIRC) has imposed strict 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 amounting to 770,000 yuan, with several individuals banned from the insurance industry for periods ranging from 6 to 11 years [1] Financial Performance - Anxin Insurance's business income from 2016 to 2021 showed significant fluctuations, with net losses recorded each year, culminating in a loss of 276 million yuan in 2021 [2] - The company has faced stagnation in business development, with negative insurance income reported in 2022, 2023, and the first three quarters of 2024 [2] - As of the end of Q3 2024, Anxin Insurance reported a net asset value of -735 million yuan and a solvency ratio of -871.59%, indicating severe financial distress [2] Corporate Changes - In March 2024, Anxin Insurance relocated its registered office from Beijing to Suzhou, Jiangsu Province, amid speculation of potential state-owned enterprise involvement [2] - In September 2024, the CBIRC approved the establishment of Suzhou Dongwu Property Insurance Co., Ltd., which is believed to be related to the risk management efforts concerning Anxin Insurance [3] - Dongwu Insurance has a registered capital of 2 billion yuan and will operate under the supervision of the Jiangsu Financial Regulatory Bureau, with a broad range of insurance services planned [3]