Founded in 1998, Fanhua Inc. (formerly known as “CNinsure Inc.”) is a leading independent financial services provider. Through our online platforms and offline sales and service network, we offer a wide variety of life and property and casualty insurance products, and provide insurance claims adjusting services.
As of June 30, 2019, we had 26 agency subsidiaries and branches at provincial level, and three insurance claims adjusting companies. Our professional team included over 812,097 sales agents and 1,199 professional claims adjustors. Our sales and services network spread across 31 provinces in China with 733 sales outlets and 144 service outlets, including most economically developed regions and cities.
We have invested substantial resources in building up our digital applications and online platforms, including 1) Lan Zhanggui - an internet-based all-in-one application which integrates our existing online platforms and allows our agents to access and purchase a wide variety of insurance products, including life insurance, auto insurance, accident insurance, travel insurance, and standard health insurance products from multiple insurance companies, through one integrated account on mobile devices; 2) Baoxian.com (www.baoxian.com ), an online entry portal for consumers to directly compare and purchase hundreds of health, accident, travel and homeowner insurance products underwritten by popular domestic and foreign insurance companies operating in China; 3) eHuzhu (www.ehuzu.com, WeChat public account: ehuzhu), a non-profit online mutual aid platform in China. eHuzhu provides low-cost and effective alternative risk-protection programs on a mutual aid basis among program members; and 4) CNpad, a mobile transaction platform which enables our agents to obtain quotes and process transaction services for multiple auto insurance policies through their mobile devices.
Our extensive sales and service network and our online platforms are complementary to each other, enabling our agents to manage their business more efficiently.
Our commitment to providing the highest quality of service has won the trust of our clients and business partners. As of March 31, 2019, we worked with 79 insurance underwriters, including the leading domestic and foreign-invested insurance companies operating in China. Fanhua was ranked No.20 among the top 20 global insurance brokers in 2017, according to Best's Review published by A.M. Best Co., one of the most prestigious insurance rating agencies. It has been in the list for four consecutive years. Fanhua was again named Insurance Brand of the Year 2017 at the 12th China Insurance Innovation Award Ceremony and won the “Outstanding Insurance Intermediary Company of the Year 2018” at the 1st Insurance Today - Insurance Intermediary Awards 2018.