Fanhua Inc., together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting.
The Insurance Agency segment provides life and health insurance products, such as individual whole life, individual health, individual annuity, individual term life, individual endowment life, and participating insurance products. Non-life insurance products primarily include individual accident, travel, homeowner, indemnity medical, commercial property, cargo, hull, liability, construction and erection, and extended warranty insurance products.
The Claims Adjusting segment offers pre-underwriting survey, claims adjusting, residual value disposal, loading and unloading supervision, and consulting services. The company also provides value-added services, elderly care services, healthcare services, and family governance services.
In addition, it operates Baowang (baoxian.com), an online insurance distribution platform; Lan Zhanggui, an all-in-one insurance sales and service platform; FA app, an all-in-one insurance sales and service platform; ehuzhu.com, an online mutual aid platform; Fanhua RONS DOP, a digital marketing platform; Fanhua RONS Guanjia, a customer service platform; and Fanhua WeCom that enables agents to directly interact with existing and potential customers.
The company serves customers through insurance sales and service groups, insurance agencies, as well as sales and service outlets, independent sales agents, and in-house claims adjustors.
The company was formerly known as CNinsure Inc. and changed its name to Fanhua Inc. in December 2016. Fanhua Inc. was founded in 1998 and is headquartered in Guangzhou, China. Fanhua Inc. operates as a subsidiary of Highest Performances Holdings Inc.
