Anbang Insurance applied for dissolution and liquidation in 2020. Then China Insurance Guarantee Fund Co., Ltd., sinopec group and Shanghai Automotive Industry (Group) Corporation jointly invested to set up Renren Insurance Group Co., Ltd., and Renren Insurance Group acquired the equity of Anbang Life Insurance, Anbang Pension and Anbang Asset Management according to law, set up Renren Property Insurance, and acquired some insurance businesses, assets and liabilities of Anbang Property Insurance according to law.

You can also read this article to learn about Anbang Insurance, the predecessor of Everyone Insurance: Anbang, renamed Everyone Insurance, and applied for dissolution and liquidation! Will our insurance policy make any difference?