Shouhui Pushes For Protective IPO As Risk Factors Multiply

Quick Summary:

The online insurance broker is looking to build a capital buffer as commission fees shrink and policy providers increasingly sell directly to customers 

Key Takeaways： Shouhui's revenue fell 15% to 1.39 billion yuan in 2024, hit by weaker demand for life assurance

The company ranks as China's second-biggest online insurance broker for long-term life policies, but with a market share of just 7.3% Insurance can be a risky business these days in China, with disruptive technologies and web-based sales threatening to overturn standard practices and sideline service providers.

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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong Kong

Topics: IPOs Insurance Contributors Asia Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 12:30:53 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 829 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27175079

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