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Yongan Insurance
China
28 Sep 1996 (29 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Yongan Insurance
Company Information
Get to know Yongan Insurance
On September 28, 1996, Yongan Insurance Company was established in Xi'an in the midst of China's economic reform and opening up. The company is currently a state-owned capital holding company. Its major shareholders are Yanchang Petroleum Group, Shanghai Fosun Group and Shaanxi Nonferrous Metals Group. The registered capital of the company is 3.009416 billion yuan. By the end of 2017, it had established 27 branch companies in 23 provinces, autonomous regions, and municipalities directly under the Central Government, one shipping center, 181 central branch companies, 341 branch companies, 975 branches, and approximately 10,000 employees. Total assets of 12.53 billion yuan (before the audit), and net assets of 4.759 billion yuan (before the audit). At the same time, the company actively embraced the Internet and introduced mobile Internet technology. The company innovative sales service model to achieve the interpersonal communication of insurance products and the formation of drainage effects. The company's WeChat claims, remote rating, and “Yongantong” APP innovative claims services have gradually been recognized, laying a solid foundation for the company to improve the quality of claims services.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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