According to China's Insurance Law, the minimum paid-in capital for establishing an insurance company in China is 200 million yuan. Obviously, Zhongan Insurance is qualified.
In addition, Zhongan Insurance is backed by Alibaba's Ant Financial, Tencent, China Ping An and other well-known domestic large enterprises with strong background.
Let's look at its solvency:
Solvency is the ability of an insurance company to repay debts, which can directly and quickly judge whether an insurance company is qualified.
In order to help you judge, the CBRC has drawn up three standards, which can only be met if these three points are met:
The core solvency adequacy ratio is ≥ 50%;
Comprehensive solvency adequacy ratio ≥100%;
The comprehensive risk rating is not less than B.
Let's look at the solvency of Zhongan Insurance through these three data:
Comprehensive solvency adequacy ratio: 460.77%(20265438 Q3 +0)
Core solvency adequacy ratio: 460.77%(20265438 Q3 +0)
Comprehensive risk rating: 20265438 Q2 +0)
It can be seen that Zhongan Insurance far exceeds the minimum standards of the CBRC, indicating that its operation is stable and reliable, and there will be no extreme phenomenon of loss or bankruptcy.
Although Zhongan Insurance is not as famous as China Life Insurance, Taiping Insurance and Ping An Insurance, it is a "small" insurance company, but "small" does not mean unreliable and irregular. I suggest you read this article: Do you need to pay attention to the size of the insurance company when buying insurance?
To sum up, Zhongan Insurance has a strong background, its solvency far exceeds the standard, and the overall operation of the company is no problem. It is a regular insurance company worthy of our trust!
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