新三板保险中介业绩滑坡。 据《国际金融报》记者统计，截至8月28日，共有8家新三板挂牌保险中介披露了2025年上半年的业绩数 据，其中5家出现亏损，2家净利润同比下滑。 事实上，我国保险中介市场虽然主体数量多、发展速度快，但整体发展模式较为粗放，竞争能力不强。 在业内人士看来，保险中介机构要想在新发展格局中寻求突围，需要加强产品创新，以满足不断变化的 市场需求；发展多元化的业务模式，提供综合金融、健康管理等服务；并加强数字化转型，提升运营效 率和客户体验。 业绩困局难解 先来看营业收入，2025年上半年，民太安实现营业收入3.58亿元，位列第一，同比增长1.82%；诚安达 实现营业收入3.1亿元，同比增长23.11%，增速排在首位。 中衡保险、ST创悦、一正保险的营业收入均低于1亿元。其中，中衡保险上半年实现营业收入0.94亿 元，同比增长15.75%；ST创悦实现营业收入0.85亿元，同比增长19.68%；一正保险实现营业收入0.24亿 元，同比增长17.25%。对于收入取得明显增长，ST创悦解释称，是因为加大了汽车保险的销售力度。 与此同时，2家机构上半年营业收入同比出现负增长。具体来看，润华保险营业收入 ...

截至8月25日北京商报记者发稿，已经有五家在新三板挂牌的保险中介披露2025年中报。分别是经营保险销售、保险代理业务的昌宏股份、润生保险、诚 安达、ST创悦以及经营保险公估业务的一正保险，五家公司整体业绩表现并不理想。 从营业收入维度统计，五家公司营业收入表现为"三升一降一平"，其中，昌宏股份营业收入为0，去年同期同样为0；营业收入最高的诚安达上半年实现营 业收入3.11亿元，同比增长23.11%；其次为ST创悦，上半年实现营业收入8522.97万元，同比增长19.68%；一正保险上半年营业收入为2436.53万元，同比 增长17.25%；营业收入负增长的是润生保险，上半年营业收入为919.68万元，同比减少44.97%。 当前正值中报披露期，新三板挂牌的保险中介机构业绩也逐渐浮出水面。北京商报记者梳理发现，截至8月25日，已有五家新三板保险中介披露了2025年 中报。具体来说，昌宏股份、润生保险、诚安达、ST创悦、一正保险五家公司净利润集体告负。 不仅业绩亏损，高峰时期，新三板挂牌保险中介机构有30余家，现在数量已降至个位数。保险中介为何越来越难？在严监管之下，保险中介的前路在哪 里？ 业绩持续承压 谈及新 ...

2025 年保险专业中介品牌推荐 专业中介渠道占比持续提升，头部品牌有哪些？ 1.2 保险专业中介定义 保险中介是指介于保险经营机构（保险公司）与投保人之间，或保险经营机构之间，通 过提供专业服务（如保险咨询、产品销售、风险管理、损失评估、理赔协助等）来促成 保险交易的机构或个人。其核心功能是作为"桥梁"，连接保险需求方与供给方，并从中 获取佣金或手续费作为回报。保险中介的核心价值在于降低交易成本、优化资源配置、 提供专业化风险管理、推动产业创新等。 保险中介根据组织形式和业务性质，可分为保险专业中介机构、保险兼业代理机构和保 险个人代理。其中，保险专业中介机构指的是专门从事保险代理业务的独立法人机构。 1.3 市场演变 中国保险中介行业自 1980 年发展至今，经历了四大发展阶段，目前正处于"规范深化与 高质量发展期"。该阶段下，强监管致机构数量连续下滑，头部企业依托 AI、区块链深 耕细分领域，加速"产品+服务"创新以应对市场挑战。 | 一、市场背景 | 2 | | --- | --- | | 1.1 摘要 | 2 | | 1.2 保险专业中介定义 | 2 | | 1.3 市场演变 | 2 | | 二、市 ...

一、发展路径：从"规模扩张"到"价值创造" 上市保险中介公司需平衡短期盈利与长期价值，通过提升专业服务能力（如风险管理咨询、理赔陪诊服务）增强客户黏性，同时探索绿色保险、普惠金融等 社会责任领域，构建可持续发展的商业模式。只有在合规、创新与生态协同中找到平衡点，企业才能在行业变革中占据先机。 51买牌网（中中保险咨询有限公司 51maipai）作为中国保险中介牌照交易服务中心，我们严选牌照，提供从尽调，到过户的全流程服务，确保契合金融监 管。擅长隐性债务及瑕疵甄别，减少审批阻力等。已成交42张保险中介牌照，29年经验，只专注于保险中介行业。广交天下朋友！ 在2025年保险中介行业加速转型的背景下，上市保险中介公司面临多重发展路径与挑战。随着监管趋严、市场竞争加剧以及消费者需求升级，企业需在合规 经营、技术创新和商业模式重构中寻找突破口，同时应对盈利压力与行业洗牌的考验。 1. 科技赋能与数字化转型 2. 数字化转型已成为行业共识。上市保险中介公司通过引入人工智能（AI）、大数据分析（Big Data Analysis）等技术，优化业务流程并提升客户体验。 例如，元保集团通过AI驱动的核保系统和区块链技术实现保 ...

保险中介作为连接保险公司与投保人之间的桥梁，是现代保险体系中不可或缺的重要组成部分。但 在"规模为王"的惯性下，部分机构陷入"重扩张、轻合规"的恶性循环，为了追求规模扩张和短期利益， 不惜在数据和费用上做手脚，试图通过虚报业务量、虚增费用等方式粉饰业绩或套取利益。 当前，监管部门持续规范违规行为，保险中介开启高质量发展转型，部分中小机构面临较大生存压力， 保险中介数量也呈下降趋势。金融监管总局披露的数据显示，截至2024年12月末，全国共有2539家保险 中介机构，较2023年末减少27家。 业内专家认为，保险中介机构不应一味追求规模扩张，而应建立"合规优先"的治理结构，通过精细化运 营和专业化服务，实现差异化发展。与此同时，借助科技赋能自身业务，实现数字化转型，从而提高效 率，降低成本，提升客户体验。 对涉事公司而言，此次处罚无疑是一记重拳。业内人士分析称，商业车险经纪业务是保险经纪公司的重 要业务板块之一，未来3个月，该分公司在这一领域的业务拓展将完全停滞。对于以业务量和市场份额 为重要发展指标的保险中介机构而言，这直接影响了其短期的营收增长。同时，业务中断可能导致客户 资源流失，一些潜在客户会转向其他同 ...

Financial Data and Key Metrics Changes - The company announced a super priority senior secured term loan facility totaling $115 million, which includes $80 million in new money and $35 million in existing revolving loans [6][8][10] - The company expects to record an impairment related to intangible assets, which is the only remaining item required to finalize their Form 10-Q [10] Business Line Data and Key Metrics Changes - The company pulled back significantly from the Medicare Advantage space starting in May, which impacted their performance in Q2 [24][57] - The GoHealthProtect product suite generated approximately $8 million in revenue during the quarter, indicating a successful shift in focus [36][50] Market Data and Key Metrics Changes - The non-agency revenue was lower in Q2 compared to the same period last year, primarily due to a shift in health plan contracts and competitiveness [57] - The company noted that the health plans that were winning during the Special Enrollment Period were more agency-based, affecting the overall revenue mix [58] Company Strategy and Development Direction - The company is focused on pursuing mergers and acquisitions in a fragmented market, leveraging proprietary technology and AI to drive efficiency and scale [8][9] - A transformation committee has been established to identify and vet acquisition opportunities, indicating a more aggressive approach to growth [21][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the new capital structure and governance changes, which are expected to enhance financial flexibility and long-term positioning [3][10] - The company anticipates a disruptive market environment for the upcoming Annual Enrollment Period, with health plans making significant changes to their benefits [41][61] Other Important Information - The company has made meaningful changes to its governance structure, including the appointment of three new directors to the Board [7][8] - The lenders have approved a basket of up to $250 million for the company to pursue new transactions, which is a significant change from previous limitations [21][22] Q&A Session Summary Question: Can you compare the new loan covenants to the old ones? - The new covenants are more flexible, with only a minimum liquidity covenant moving forward, allowing the company to be nimble during the Annual Enrollment Period [13][14] Question: What does the ideal acquisition profile look like? - The company is looking for targets that offer integrated value, such as product diversification and contract assets, to enhance capabilities [15][16] Question: Is pursuing transformative acquisitions a priority for the new board members? - Yes, the new board members will focus on identifying acquisition opportunities, supported by a debt capacity of up to $250 million [20][22] Question: What is the outlook for customer acquisition cost (CAC) and revenue per submission? - The company expects to improve efficiency and performance in future quarters, with Q2 not being indicative of their capabilities [24][25] Question: How has the final expense product performed? - The final expense product has met expectations, generating approximately $8 million in revenue, and the company plans to continue focusing on this product line [36][50] Question: How do regulatory changes impact confidence in the upcoming Annual Enrollment Period? - The regulatory environment is expected to be disruptive, but health plans are stabilizing, which will influence the company's resource deployment [61][62]

手回集团(02621)发布公告,集团预计将取得截至2025年6月30日止6个月的净利润人民币6.6亿元至人民币 6.8亿元，相比较截至2024年6月30日止6个月的净亏损增加人民币7.35亿元至人民币7.55亿元。董事会认 为，净利润预期变动的主要原因是2025年上半年度取得向投资者发行的金融工具账面值变动收益相比较 2024年上半年度的变动亏损增加人民币7.95亿元至人民币8.15亿元。 截至2025年6月30日止6个月的经调整的股东应占净利润(非香港财务报告准则计量)人民币5600万元至人 民币7600万元，相比较截至2024年6月30日止6个月经调整的股东应占净利润(非香港财务报告准则计量) 减少人民币5000万元至人民币7000万元，该预期下降的主要原因是受宏观经济环境不确定性增加、金融 消费需求放缓以及保险行业实施报行合一政策下调保险中介经纪费率等综合影响，公司截至2025年6月 30日止6个月的收入约人民币5.45亿元至人民币5.65亿元，相比较截至2024年6月30日止6个月的收入减少 约人民币1.40亿元至人民币1.60亿元;成本和费用同比减少约人民币7500万元至人民币9500万元，低于收 ...

Group 1 - The company expects to achieve a net profit of RMB 660 million to RMB 680 million for the six months ending June 30, 2025, compared to a net loss of RMB 735 million to RMB 755 million for the same period in 2024 [1] - The primary reason for the change in net profit expectation is the increase in gains from the change in the fair value of financial instruments issued to investors, which is expected to increase by RMB 795 million to RMB 815 million compared to the loss in the same period last year [1] Group 2 - The adjusted net profit attributable to shareholders (non-HKFRS measure) is expected to be between RMB 56 million and RMB 76 million for the six months ending June 30, 2025, a decrease of RMB 50 million to RMB 70 million compared to the same period in 2024 [2] - The expected decline in adjusted net profit is primarily due to increased uncertainty in the macroeconomic environment, a slowdown in financial consumer demand, and the implementation of a unified reporting policy in the insurance industry that reduces brokerage fees [2] - The company's revenue for the six months ending June 30, 2025, is projected to be approximately RMB 545 million to RMB 565 million, a decrease of about RMB 140 million to RMB 160 million compared to the same period in 2024 [2] - Costs and expenses are expected to decrease by approximately RMB 75 million to RMB 95 million, which is lower than the decline in revenue [2]

Core Viewpoint - The company expects to report a net profit of between RMB 660 million and RMB 680 million for the six months ending June 30, 2025, a significant improvement compared to a net loss of between RMB 735 million and RMB 755 million for the same period in 2024 [1] Group 1 - The primary reason for the expected change in net profit is an increase in the fair value change of financial instruments issued to investors, which is anticipated to contribute a gain of between RMB 795 million and RMB 815 million compared to a loss in the previous year [1] - The adjusted net profit attributable to shareholders (non-HKFRS measure) is expected to be between RMB 56 million and RMB 76 million, a decrease of between RMB 50 million and RMB 70 million compared to the same period in 2024 [2] - The anticipated decline in adjusted net profit is attributed to increased uncertainty in the macroeconomic environment, a slowdown in financial consumer demand, and the implementation of a unified reporting policy in the insurance industry that has reduced brokerage fees [2] Group 2 - The company's revenue for the six months ending June 30, 2025, is projected to be between RMB 545 million and RMB 565 million, representing a decrease of between RMB 140 million and RMB 160 million compared to the same period in 2024 [2] - Costs and expenses are expected to decrease by between RMB 75 million and RMB 95 million, which is lower than the revenue decline [2] - Despite the anticipated challenges, the board believes that the overall operational, financial condition, and cash flow of the company remain robust [2]

Core Viewpoint - The insurance technology company Baige Online has submitted its IPO application but faces significant challenges due to ongoing losses, low gross margins, and high dependency on channel partners for revenue generation [1][5]. Financial Performance - Baige Online reported cumulative losses of approximately 57.83 million yuan from 2022 to the first three quarters of 2024, with net losses of 25.08 million yuan in 2022, narrowing to 17.18 million yuan in 2023 (a 31.49% year-on-year decrease), but expanding again by 5.82% to 15.58 million yuan in the first three quarters of 2024 [1]. - The company's gross margins were consistently low at 8.3%, 7.9%, and 8.0% during the same period, significantly below the industry average of 15%-20% [1]. Revenue Structure - Revenue growth has been notable, with figures of 405 million yuan in 2022, 660 million yuan in 2023, and 631 million yuan in the first three quarters of 2024, reflecting year-on-year growth rates of 63.13%, 38.97%, and 38.99% respectively [4]. - However, 99.9% of the company's revenue is generated through channel partners, with agreements typically lasting only one year, raising concerns about the sustainability of these partnerships [4]. Shareholder Information - As of February 19, 2025, Tu Jinbo holds approximately 55.58% of the voting rights in Baige Online, with other shareholders including New Hope Group and various local investment firms [2]. Market Challenges - The insurance industry is facing stricter regulations and declining commission rates, which may exacerbate Baige Online's vulnerabilities related to its single revenue model and weak risk management capabilities [4].