Are Zhongan Insurance and Ping An Insurance the same company?

Zhongan and Ping An are not an insurance company, one belongs to an Internet insurance company, and the other belongs to a large private insurance company.

Zhongan Insurance. Founded in 2013 by Ant Financial.

and other enterprises jointly founded, without setting up any branches, selling insurance through the Internet; Ping An Insurance was first established in 1988, with branches such as Ping An Life, Ping An Health, Ping An Pension and Ping An Property Insurance.

Extended Knowledge: Which of the Two Insurances Is Better?

With the continuous improvement of people's living standards, more and more people have begun to buy insurance products to inform their life safety and property safety, there are many insurance companies and various insurance products on the market, and then we will introduce two more popular insurance, namely Zhong'an Insurance and Ping An Insurance, so which of these two insurances is better?

1. Introduction to Zhongan Insurance. Zhongan Insurance is an emerging insurance company, which was jointly established by Ant Financial, Tencent and Ping An of China, and is also the first Internet insurance company in China. Relying on advanced Internet technology.

and big data analysis technology, we can provide insurance company customers with better benefits and financial experience! Although Zhongan Insurance is more innovative in its business model than traditional insurance companies, this innovative business model has not yet been developed nationwide. On the one hand, there is a certain bottleneck in the promotion of technology, on the other hand, from the perspective of the middle-aged and elderly insurance objects, due to the unfamiliarity with the network, it is mainly based on offline insurance products, which is a problem encountered in the process of promotion of the insurance.

2. Introduction to Ping An Insurance. Ping An Insurance is one of the representatives of China's traditional insurance industry and a Fortune 500 company.

One. Ping An Insurance has a wide range of products, covering car insurance.

Family property insurance, personal accident insurance.

and other types of insurance. In addition, the insurance company was established relatively early, born in Shenzhen, China in 1988, and is also the first joint-stock insurance company in China, with very strong strength. In addition, judging from the recent development, Ping An Insurance of China.

It also vigorously develops online business, and provides insurance users with a more diversified insurance experience through online and offline cooperation.

Zhongan Insurance Company and Ping An Insurance Company are two different companies, and there is no direct connection between the two, but Ping An is one of the earliest shareholders initiated by Zhong'an.

1. Zhongan Insurance.

Zhongan Insurance is the first Internet insurance company in China, which was initiated and established by Ant Financial, Tencent, Ping An of China, etc., based on the original intention of protecting and promoting the development of the entire Internet ecosystem, and was approved by the China Insurance Regulatory Commission on September 29, 2013.

Zhongan Insurance has the best business process in the whole process, and there are no branches in the country, and underwriting and claims services are carried out entirely through the Internet. Zhongan Insurance has been established for 8 years, but the development is very rapid, there are already hundreds of insurance products, quite high-yield, and its products are developed with the help of Internet big data and technology, the protection model is relatively advanced, very interactive, very in line with the current Internet life.

2. Ping An Insurance.

Ping An Insurance Company ranked 16th in the Fortune Global 500 in 2021, up 5 places from 2020, and ranked 2nd among global financial companies. Forbes Global 2000 rose from 7th to 6th; brandz??Grasshoppers are released in the gully.

Although Ping An Insurance is one of the shareholders of Zhongan Insurance, the two are not the same company. Next, the senior sister will introduce these two insurance companies to you. Before you start, you might as well understand what you need to look at when looking at insurance companies:

When we look at insurance companies, what exactly do we look at?

1. Zhongan Insurance.

1. The strength of the company.

Zhongan Insurance is the first Internet insurance company in China, which was inaugurated on November 6, 2013 with a registered capital of RMB 100 million. It was listed on the main board of the Hong Kong Stock Exchange on September 28, 2017. Headquartered in Shanghai, the company does not have any branches, and conducts its business entirely through the Internet.

By the end of 2021, ZhongAn had served more than 500 million users and issued a total of about 42.7 billion insurance policies.

It can be seen that although Zhongan Insurance is an Internet insurance company, its company strength is still quite good. If you want to know more about Zhongan Insurance, you can add a look at this article: Is Zhongan Insurance reliable? You'll know after reading it!

2. Solvency.

According to the solvency report of Zhongan Property Insurance Co., Ltd. in the third quarter of 2022, its core solvency adequacy ratio is a comprehensive solvency adequacy ratio, and the last two comprehensive risk rating results are BBB. It can be seen that the above indicators have far exceeded the standard line of the China Banking and Insurance Regulatory Commission. It shows that the company's solvency is still very good.

2. Ping An Insurance.

1. The strength of the company.

Ping An Insurance (Group) was born in Shekou, Shenzhen in 1988 and is the first joint-stock insurance company in China. It is also one of the personal financial life service groups with the most complete financial licenses and the most extensive business scope in China. It is listed on the Main Board of the Hong Kong Stock Exchange and the Shanghai ** Stock Exchange.

It has a number of subsidiaries such as Ping An Life and Ping An Pension. At present, the total assets of the group exceed 10 trillion yuan, making it the world's largest insurance group in terms of assets.

It can be seen that the strength of Ping An Insurance is very strong. If you want to know more about Ping An Life, you can add this article: How about Ping An Life, what products are there, which one is good, and what are the issues worthy of in-depth analysis?

2. Solvency.

According to the solvency report of Ping An Life Insurance Co., Ltd. in the third quarter of 2022, its core solvency adequacy ratio is 250%, and the last two comprehensive risk ratings are BB. It can be seen that the solvency of Ping An Life is also very good.

No, Zhongan Insurance is Zhongan Insurance, and Ping An Insurance is Ping An Insurance. But Ping An Insurance is one of the shareholders of Zhongan Insurance.

Zhongan Insurance (hereinafter referred to as Zhongan), the world's first Internet insurance company, was founded in 2013 by Ant Financial, Tencent, Ping An and other well-known enterprises, headquartered in Shanghai, without any branches, through the Internet for underwriting and claims services.

Ping An Insurance Group of China Co., Ltd. **** is a shareholder of Zhongan Insurance and holds shares of Zhongan Insurance. The shareholding ratio of Ping An Insurance Group of China**** may increase or decrease with business adjustment in the future, and investors need to refer to the specific situation.

Since Ping An Insurance Group of China is a shareholder of Zhongan Insurance, Ping An Insurance Group of China is related to the business of Zhongan Insurance. Ping An Property & Casualty, a subsidiary of Ping An Insurance Group of China, has more intersections with Zhongan Insurance. Through a multi-channel distribution network, Ping An Insurance Group of China operates financial business with the help of its subsidiaries such as Ping An Life, Ping An Property & Casualty, Ping An Pension, Ping An Health, Ping An Bank, Ping An Trust, Ping An **, Ping An Asset Management and Ping An Financial Leasing.

It's the same company, but the types of insurance in the two insurances are different and the scope involved is different, so it feels like two companies.

It's not the same company, it's two companies, and although the two companies say that their business is the same, the charging standards are different.

It is not the same company, and the two companies are not related in any way, the biggest similarity is that both companies are insurance companies.

1. The establishment time is different.

Ping An Insurance (Group) Co., Ltd. of China was born in Shekou, Shenzhen in 1988, Ping An is a joint-stock insurance company, with Ping An Life, Ping An Health, Ping An Pension, Ping An Property Insurance and other branches, with a wide range of business scope.

Second, the scope of business is different.

The business scope of Zhongan Insurance is: entrepreneur property insurance, freight insurance, liability insurance, credit guarantee insurance, short-term health insurance, accident insurance, and commercial auto insurance directly related to Internet transactions. Among them, short-term health insurance is the most popular among consumers, and its medical insurance is also a hit.

Ping An Insurance has a wide range of business scope, in addition to the four common types of insurance, there are also investment insurance companies; supervise and manage the various domestic and international businesses of the holding and investment enterprises; Carry out the business of using insurance funds; Other businesses approved by the China Insurance Regulatory Commission and relevant state departments.

Third, the influence of the company is different.

As of the end of April 2015, Zhongan Insurance has served more than 100 million customers and more than 1.6 billion policies.

As a traditional and established insurance company, Ping An Insurance has many branches, which is convenient for online and offline insurance.

In addition, Ping An Insurance is also one of the world's top 500 companies, ranking 16th in the 2021 Fortune Global 500 list.

Extended Information] What is the relationship between Zhongan Insurance and Ping An Insurance?

Shareholdings. Ping An is a major shareholder of Zhongan Insurance. Zhongan Insurance is an Internet financial insurance company, which is a joint venture insurance company established by Ping An, Tencent and Alibaba.

Among them, Ping An is the largest shareholder of Zhongan Insurance Company, so the relationship between the two of them is a shareholding relationship. Ping An is a joint-stock insurance company and is a long-established insurance company in China.

Zhongan Insurance's business scope:

Enterprises directly related to Internet transactions such as household property insurance, freight insurance, liability insurance, and credit guarantee insurance; Motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and motor vehicle commercial insurance; reinsurance ceding business of the above business; The use of insurance funds permitted by national laws and regulations; insurance information service business; Other businesses approved by the China Insurance Regulatory Commission.

Shareholdings. Zhongan Insurance's business scope:

Enterprises directly related to Internet transactions such as household property insurance, freight insurance, liability insurance, and credit guarantee insurance; Motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and motor vehicle commercial insurance; reinsurance ceding business of the above business; The use of insurance funds permitted by national laws and regulations; insurance information service business; Other businesses approved by the China Insurance Regulatory Commission.

Ping An Insurance holds a certain percentage of Zhongan Insurance's shares and is one of the shareholders of Zhongan Insurance, and the two are shareholdings. I believe that everyone is already familiar with Ping An Insurance, so Daddy will focus on Zhongan Insurance.

Zhongan Insurance is the first registered Internet insurance company in China, and it is a real insurance company. Friends who are worried about the unreliability of online insurance may wish to take a look at this article: "Is online insurance reliable? The answer is here.

The CIRC's solvency assessment of insurance companies is based on three indicators:

The comprehensive risk rating is required to be B or above.

The core solvency adequacy ratio is not less than 50%.

The comprehensive solvency adequacy ratio shall not be less than 100%.

According to the data released by Zhongan Insurance in the second quarter of 2020, the core solvency adequacy ratio and comprehensive solvency adequacy ratio are both far higher than the standards of the China Insurance Regulatory Commission.

Risk Rating:

It is enough to see that the solvency of Zhongan Insurance is sufficient, the company is strong, and small partners can buy relevant insurance products with confidence.

Taking Zhongan Insurance's representative product, e-life medical insurance, as an example, let's take a look at Zhongan Insurance's products.

From the above**, we can clearly see that the latest launch of the exclusive e-student 2020 outpatient emergency version is the most comprehensive, and the protection content is more substantial, and then we focus on the analysis of the advantages of the exclusive e-student 2020 outpatient emergency version compared with the other two old products

1.There is a wide range of age to be proposed

The age limit for insurance is 0-65 years old, which is more friendly to consumers aged 61-65 compared to the other two products.

2.0 deductible for general medical treatment

If the policy takes effect, there is no insurance claim, and the deductible decreases by 2,000 yuan per year, which is equivalent to saying that there is no insurance claim for 5 consecutive years, and the general medical treatment has 0 deductible, which can be said to improve the probability of claim settlement in disguise.

3.Adequate medical coverage for critical illness

Critical illness medical insurance not only covers 100 critical illnesses, but also covers 121 rare diseases, with a maximum limit of 6 million.

5.Emergency expenses, medical treatment

In addition to ordinary consultations, the exclusive e-student 2020 outpatient emergency version can also reimburse offline emergency fees.

6.Value-added services are practical

The 2020 Outpatient Emergency Edition also includes value-added services such as green pass for medical treatment, special drug services for onques, postoperative home care, outpatient clinics in Internet hospitals, and psychological counseling, providing more comprehensive protection.

In general, Zhongan Insurance is still reliable, and friends who want to insure Zhongan Insurance don't have to worry too much, as long as the product is suitable for your own needs in all aspects.