China Stocks: Fanhua Inc. (FANH) (1998)

Fanhua Financial Holding Group (referred to as “Fanhua Financial Holding”) Fanhua Inc. (NASDAQ: FANH) was founded in 1998, formerly known as Fanhua Enterprise Group (CNinsure Inc. (formerly NASDAQ: CISG)), with headquarters Located in Guangzhou City, Guangdong Province, China, with 3,504 full-time employees, it is a leading independent third-party O2O integrated financial services company in China. The founders are Hu Yinan and Lai Qiuping.

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Fanhua Inc. (FANH):

Fanhua Financial Holding Group (referred to as “Fanhua Financial Holding”) was established in 1998. It is a leading independent third-party O2O financial service group in China. It is committed to organically integrate Internet websites and terrestrial networks to provide personal and corporate customers with 90 Many insurance companies provide diversified property and life insurance products, and provide integrated professional financial services such as consumer finance, wealth management, and loss assessment.

Fanhua Financial Holding Group includes Fanhua Financial Group, Fanhua Insurance Sales and Service Group and Puyi Fund Sales. It has business brands such as Palm Zhongbao, Baowang,, E Mutual Assistance, and Pan China Assessment. As the first Asian insurance intermediary stock listed in the United States, in 2018, it was rated as the “Asia’s Only Global Twenty” insurance agency by the well-known rating agency Bayes & Company, and it has entered the world’s top twenty for four consecutive years.

As of June 30, 2018, the Pan-China Insurance service network covered 31 provinces across the country, with 712 branches and nearly 630,000 marketing service personnel.

About the Internet platform

Palm Insurance : China’s leading third-party insurance trading platform, supports rapid and accurate quotation of auto insurance, liability insurance and other products, on-site insurance payment, and completes the five insurance procedures of “entry, quotation, underwriting, payment, and delivery” at one time. As the industry’s leading insurance intermediary mobile terminal, Palm Insurance can remind you of the expiry of your insurance renewal, and the cloud storage of insurance data will never be lost. In the second quarter of 2018, Palm Insurance was activated and downloaded 464,000 times, contributing 580 million yuan in premiums.

Insurance Net : China’s leading third-party insurance e-commerce platform, integrating product price comparison, insurance professional consulting and other functions, provides users with one-stop services including online insurance, risk assessment, and claim assistance, and is committed to building ” The closed-loop Internet insurance ecosystem of “product + service + channel”. Since its establishment, the website has successively cooperated with domestic and foreign mainstream insurance companies such as PICC, Ping An Insurance, Anxin Insurance, ZhongAn Insurance, and AIU Insurance. It sells nearly 500 star insurances including accident insurance, travel insurance, health insurance, home property insurance, etc. product. In the second quarter of 2018, the insurance network platform transaction premium scale reached 560 million yuan, with 1.8 million registered users. : Based on the Internet technology and service sharing model, integrating technology and service resources, focusing on providing full-process technical solutions for car claims service organizations, helping to upgrade service levels and risk control capabilities, and reducing operating costs. In the second quarter of 2018, there were more than 36,000 registered car children, completing service coverage in all counties and regions across the country. Based on car claims support, the scope of services has gradually extended to the fields of freight, household finance, responsibility, agriculture and medical health.

e Mutual Aid : An open and transparent non-profit member community platform, practicing the concept of “being a good person and repaying”, and is committed to the perfect combination of protecting others and helping oneself, striving to weave a community that covers all low- and middle-income families against catastrophes and serious illnesses Protection net. e Mutual Aid has officially operated for the fourth anniversary. As of the second quarter of 2018, 3.532 million caring people have joined us, helping 1,157 families in total, and donating 180 million yuan in total.

Lazy shopkeeper : The leading one-stop insurance sales service platform in China, with the marketing staff’s comprehensive financial sales and organizational development as the core. The marketers can quickly insure the entire insurance products anytime and anywhere. The lightning increase function helps team building and online stores. Establish personalized management, plans, and DDSS cube marketing to provide customers with more intuitive and intimate family risk solutions. In the second quarter of 2018, Lazy Shopkeeper accumulated 631,000 registered users, and platform transaction premiums were 750 million yuan.

Fanhua Enterprise Group has Palm Zhongbao, Baoxian ( ), Chetong ( ), and e-mutual assistance ( ) , Taotaojin ( ) and other online platforms.

Palm Zhongbao is a mobile trading platform for agents, which helps agents provide customers with real-time quotations and online transactions of a large number of auto insurance, life insurance and wealth management products through the mobile terminal APP. Baoxian ( ) is the purchase portal for Italian health insurance, selling hundreds of standardized products such as health insurance, accident insurance and travel insurance from dozens of insurance companies directly to end consumers.

The auto insurance price comparison website will be launched in mid-2015. We are committed to making it the first choice for Chinese consumers to search and purchase auto insurance. ( ) is the first domestic insurance after-sale public service platform based on map positioning technology. uses Internet technology to integrate automobile and insurance service resources from all over the country, and provides customers with services such as survey, damage assessment, rescue, and quick repair.

While creating value for shareholders, employees and customers, Fanhua also actively fulfills corporate social responsibilities. In July 2014, Fanhua launched the first non-profit online mutual assistance platform in China-emutual assistance ( ), focusing on providing member members with low-cost, comprehensive and effective hedging solutions through mutual assistance among members .

Fanhua has established good cooperative relations with nearly 100 insurance companies, including mainstream insurance companies at home and abroad such as PICC, Ping An, Pacific, Xinhua, Taikang, Allianz, and AIU. In the financial field, Fanhua has cooperated with large and medium-sized state-owned banks, and signed a “headquarters-to-headquarters” strategic cooperation agreement with Industrial and Commercial Bank of China, Bank of Communications, China Merchants Bank, China Everbright Bank, and Huaxia Bank.

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