本报讯 （记者冷翠华）11月26日，互联网保险优选平台蚂蚁保宣布，该平台的车险业务已经全面接入 高品质理赔服务"安心赔"，目前已实现"10秒在线报案、15秒专人跟进"，全程由保险公司专业人员协助 车主解决出险理赔问题，整个理赔进度可全程在线查看。据悉，这一功能上线以来，该平台上90%的理 赔案件均可在6天内得到解决，让更多车主享受到方便快捷的车险理赔服务。 蚂蚁保车险业务负责人蒋明龙表示，随着蚂蚁保平台产品、服务能力的持续升级，越来越多的消费者开 始选择线上渠道投保车险。过去3年，蚂蚁保平台上在保车辆数保持年均30%以上的增长。同时，越来 越多的保险公司也开始把互联网渠道作为新的增长机会。去年，蚂蚁保联合多家车企共同研发的"联合 定价"技术得到全面应用，帮助平台上的保险公司平均降低了3%的综合成本率，显著提升了运营效率。 据蒋明龙介绍，此次蚂蚁保车险接入"安心赔"后，该平台上绝大多数的案件可实现"报案即立案"，全过 程可在10秒内完成。报案成功后，会有保险公司的理赔经理协助车主解决出险理赔过程中的问题。另 外，整个报案和理赔进度清晰、透明化，用户可全程在线查看。 据了解，目前国内有14家大中型财产险公司与蚂蚁 ...

蚂蚁保车险业务负责人蒋明龙表示，一方面，随着蚂蚁保平台产品、服务能力的持续升级，越来越多的 消费者开始选择线上渠道投保车险，过去三年，蚂蚁保平台上在保车辆数保持年均30%以上的增长。另 一方面，越来越多的保险公司也开始把互联网渠道作为新的增长机会。去年，蚂蚁保联合多家车企共同 研发的"联合定价"技术得到全面应用，帮助平台上的保险公司平均降低了3%的综合成本率，显著提升 了运营效率。 经济观察网 11月26日，互联网保险优选平台蚂蚁保宣布，车险业务已经全面接入高品质理赔服务"安心 赔"，目前已实现"10秒在线报案、15秒专人跟进"，全程由保险公司专业人员协助车主解决出险理赔问 题，整个理赔进度可全程在线查看。据悉，该功能上线以来，平台上90%的理赔案件均可在6天内得到 解决，让更多车主享受到方便快捷的车险理赔服务。 "安心赔"是2022年初蚂蚁保联合合作保司推出的标准化、高品质理赔服务品牌，在保险理赔环节，通 过"全程协赔"和"速度保障"两大承诺，提升用户体验。此前，蚂蚁保平台上的医疗险、重疾险、意外 险、宠物险等均已接入"安心赔"服务。 据了解，目前国内有14家大中型财产险公司与蚂蚁保在车险业务上开展合作，为 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][10]. Core Insights - The company, Yuanbao, is a leading technology-driven online insurance distribution and service platform in China, focusing on personal life and health insurance products. It leverages big data and AI technology to provide a comprehensive insurance service cycle, including personalized recommendations, convenient underwriting, policy management, intelligent claims, and after-sales support [3][14]. - Yuanbao has achieved rapid growth and profitability within three years of establishment, establishing a strong foundation for continued leadership in the online insurance market [3][4]. Summary by Sections Company Overview - Yuanbao is recognized as a pioneer in internet insurance technology in China, holding national insurance brokerage and agency licenses. The company aims to make insurance more accessible through its technology-driven platform [14]. - The actual controller of the company is Rui Fang, who has extensive experience in financial technology and e-commerce [16]. - The main business model involves online distribution and full-cycle service of personal life and health insurance products, with a focus on short-term insurance [22]. Company Highlights - The company has built a robust competitive moat through its proprietary "Full Consumer Service Cycle Engine," which integrates media, users, and products to optimize the insurance service process [23][33]. - Yuanbao is the largest independent online insurance distributor in China, with significant market share and a strong growth trajectory [39]. - The online insurance distribution market in China has substantial growth potential, with online insurance sales penetration expected to rise significantly by 2028 [40]. Financial Forecast and Investment Recommendations - Projected revenues for 2025-2027 are estimated at 47.23 billion, 65.64 billion, and 87.96 billion RMB, respectively, with net profits of 13.42 billion, 20.94 billion, and 31.30 billion RMB [4][55]. - The company is expected to maintain a high growth rate, with revenue growth rates of 42%, 37%, and 32% for 2025-2027 [49]. - The report uses a relative valuation method, indicating that the company's PE ratio for 2025 is significantly lower than the average of comparable companies, suggesting a potential undervaluation [4][55].

来源：新浪证券-红岸工作室 11月21日，中国平安跌2.14%，成交额40.67亿元，换手率0.64%，总市值10667.21亿元。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-3.88亿，占比0.1%，行业排名5/5，该股当前无连续增减仓现象，主力趋势不明显；所 属行业主力净流入-7.80亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-3.88亿-7.53亿-11.20亿-12.11亿-4.16亿 主力持仓 异动分析 高股息精选+证金持股+互联网保险+独角兽概念 1、中国平安最近3年的股息率分别为：5.15%，6.03%，4.84% 2、公司前十大流通股东中包含中央汇金资产管理有限责任公司或中国证券金融股份有限公司。 3、拥有金融壹账通，向中小银行等金融机构提供电子银行、账户服务、征信、贷款和同业交易等服 务。 4、参股独角兽;旗下拥有陆金所、平安好医生、医保公司、金融一账通等多家独角兽公司,18年5月平安 好医生于中国香港上市;19年3月,旗下陆金所估值394亿美元。 资料显示，中国平安保险(集团) ...

十年，足以让一棵树苗长成栋梁，也足以让一个创想照进现实。 2015年11月18日，当"互联网+"的时代浪潮席卷神州大地，世界500强泰康保险集团以前瞻性的战略眼 光，落下了关键一子——泰康在线财产保险股份有限公司（以下简称"泰康在线"）应运而生。作为行业 内首家由传统保险企业发起成立的专业互联网财险公司，它的诞生，本身就是一次对未来的深刻洞察。 2025年11月18日，泰康在线昂首迈入第十个年头。回望这非凡十年，中国互联网保险走过了从渠道创新 的"野蛮生长"，到科技赋能的"深度融合"，再到价值重塑的"规范发展"的完整周期。而泰康在线，始终 是这场变革中最坚定的探索者与领航者。秉持"只做对的事"这一价值基石，公司以"保险+科技""保险 +服务"为双翼，构建"保险新生态"，坚定地走出了一条专业化、高质量的互联网财险发展之路，奏响了 以科技重塑保险、以专业服务民生的时代强音。 2016年，泰康在线车险牌照获批，探索互联网车险新模式；目前车险营业范围基本覆盖全国；2017年， 累计保单件数突破1亿件，当年保费收入同比增长145%；2018年，广泛连接，初步建立覆盖主流互联网 生态企业的合作伙伴网络；2019年，坚定价 ...

Group 1 - The internet insurance sector experienced a decline of 1.43%, ranking among the top losers in concept sectors, with notable declines from Tianli Technology, Xinhua Insurance, and Jiayun Technology [1] - The main funds in the internet insurance sector saw a net outflow of 1.301 billion yuan, with 10 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 10 million yuan [2] - The stock with the highest net outflow was Dongfang Caifu, which had a net outflow of 1.230 billion yuan, followed by Weining Health, Jinzhen Shares, and China Ping An [2] Group 2 - Among the stocks in the internet insurance sector, the top gainers included Aishida, Tongfang Shares, and Qitian Technology, with increases of 1.04%, 0.80%, and 0.27% respectively [1][3] - The stocks with the highest net outflows included Dongfang Caifu (-1.85%), Weining Health (-1.81%), and Jinzhen Shares (-1.97%) [2][3] - The net inflow leaders in the sector were Tongfang Shares, Xinhua Insurance, and Xinzhisoft, with net inflows of 69.77 million yuan, 10.51 million yuan, and 5.81 million yuan respectively [2][3]

Core Insights - The insurance industry in China is transitioning towards high-quality development, facing challenges from traditional models while embracing digitalization, ecological integration, and intelligence as key transformation directions [1] - Taikang Online, as a pioneer in the industry, has demonstrated profound thinking and practical experience in this transformation over its ten-year journey [1] Group 1: Company Milestones - Taikang Online was established in 2015 with the mission to make insurance more secure, convenient, and affordable, collaborating closely with partners to build a new ecosystem for internet insurance [2] - In 2016, the company launched customized products for online shopping and the first rider insurance in the industry, supporting daily insurance for delivery personnel [2] - By 2017, Taikang Online had surpassed 100 million policies issued and introduced innovative health insurance products, significantly enhancing user experience [2] - The company addressed the accessibility of critical medications with the launch of the "Yao Shen Bao" plan in 2019 [2] - In 2022, Taikang Online's premium income exceeded 10 billion, serving over 200 million customers and launching new citizen insurance to enhance inclusive services [2] - As of 2023, the company has achieved historical highs in various metrics, serving 300 million customers, issuing 17.5 billion policies, and paying out over 30.5 billion in claims [2] Group 2: Future Directions - Taikang Online will hold a ten-year anniversary celebration on November 18 in Beijing, focusing on the theme "We, You, They" to reflect on its journey and set a forward-looking vision [3] - The event will explore the future direction of intelligent upgrades in insurance services, leveraging AI technology to reshape the customer experience [3] - The company aims to continue building an open and win-win insurance ecosystem, contributing to national strategies and enhancing public welfare [3]

Core Viewpoint - China Ping An's stock has shown a slight increase of 0.70% with a trading volume of 3.132 billion yuan and a market capitalization of 1,073.783 billion yuan [1] Dividend Analysis - The dividend yields for China Ping An over the past three years were 5.15%, 6.03%, and 4.84% respectively [2] - The company has distributed a total of 391.904 billion yuan in dividends since its A-share listing, with 134.54 billion yuan distributed in the last three years [6] Shareholder Structure - Central Huijin Asset Management and China Securities Finance are among the top ten shareholders of the company [2] - As of September 30, 2025, the number of shareholders was 696,200, a decrease of 3.43% from the previous period [5] Business Overview - China Ping An operates primarily in insurance, banking, securities, and trust services, with revenue contributions of 45.76% from life and health insurance, 34.46% from property insurance, 13.87% from banking, 5.27% from asset management, and 3.85% from financial empowerment [5] - The company has several unicorns under its umbrella, including Lufax, Ping An Good Doctor, and Ping An Healthcare [2] Market Activity - The stock has seen a net outflow of 68.0836 million yuan today, with a lack of clear trend in major funds [2] - The average trading cost of the stock is 51.84 yuan, with the current price approaching a resistance level of 59.40 yuan [4]

Core Viewpoint - China Ping An's stock performance shows slight increase with a market capitalization of 1,045.9 billion yuan and a trading volume of 2.843 billion yuan on October 28 [1] Group 1: Dividend and Shareholding - The dividend yields for China Ping An over the past three years were 5.15%, 6.03%, and 4.84% respectively [2] - The top ten circulating shareholders include Central Huijin Asset Management Co., Ltd. and China Securities Finance Corporation [2] - Since its A-share listing, China Ping An has distributed a total of 391.904 billion yuan in dividends, with 134.54 billion yuan distributed in the last three years [7] Group 2: Business Overview - China Ping An Insurance (Group) Co., Ltd. was established on March 21, 1988, and listed on March 1, 2007, providing diversified financial services including insurance, banking, securities, and trust [6] - The revenue composition of the company includes life and health insurance (45.76%), property insurance (34.46%), banking (13.87%), asset management (5.27%), and financial empowerment (3.85%) [6] - The company has investments in several unicorn companies, including Lufax, Ping An Good Doctor, and a healthcare insurance company [2] Group 3: Financial Performance - As of June 30, 2025, China Ping An reported a net profit of 68.047 billion yuan, a year-on-year decrease of 8.81% [6] - The average trading cost of the stock is 51.49 yuan, with the current stock price near a support level of 57.74 yuan [5]

Group 1 - JD.com has obtained an insurance brokerage license in Hong Kong, marking its expansion into overseas insurance markets after establishing a presence in mainland China [1][2] - The Hong Kong insurance market is experiencing growth, with total gross premiums reaching HKD 423.4 billion in the first half of the year, and new premiums for long-term business (excluding retirement plans) increasing by 50% year-on-year to HKD 173.7 billion [1][4] - There are 799 companies holding insurance brokerage licenses in Hong Kong, indicating a highly competitive environment that JD.com must navigate to capture market share [1][4] Group 2 - JD.com has rebranded its Hong Kong insurance subsidiary to Jingda HK Trading Co., Limited, which is fully owned by JD Innovation Information Technology Co., Ltd. The license is valid until October 13, 2028 [2] - The company has been actively recruiting for positions such as insurance consultants and compliance officers in Hong Kong to support its expansion efforts [2] - JD.com has established a significant presence in the mainland insurance market with stakes in JD Allianz General Insurance, JD Insurance Brokerage, and JD Insurance Agency [2] Group 3 - Other internet giants like Tencent and Ant Group have also entered the Hong Kong insurance market, with Tencent's subsidiary obtaining a long-term insurance license earlier this year [3] - The complexity of insurance products means that while online sales channels are important, traditional insurance agents and bancassurance channels remain crucial for customer support and claims processing [3] - JD Allianz is focusing on innovative insurance products suitable for online platforms, such as return shipping insurance and mobile screen damage insurance, leveraging big data to enhance claims efficiency [3] Group 4 - JD Allianz's premium income is projected to exceed HKD 10 billion in 2024, with over 60% of this coming from online channels [4] - The competitive landscape in Hong Kong includes 1,483 licensed insurance agencies, with both international and local companies posing significant competition [4] - In the first half of 2025, Hong Kong's general insurance business reported gross and net premiums of HKD 58.4 billion and HKD 39.9 billion, respectively, with total claims paid amounting to HKD 25.6 billion [4]