Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
General Manager Zhou Jiong Under Investigation for Serious Disciplinary and Legal Violations
In March 2025, Ancheng Insurance's Party Committee Deputy Secretary and General Manager Zhou Jiong was placed under investigation. The company removed his executive profile and arranged for someone to take charge of overall operations. This entry reflects the investigative stage and does not state that a sentence has been handed down.
2023
Jiangjin Sub-branch Fined RMB 1.98 Million for Fabricating Business Materials and Other Violations
In December 2023, the Jiangjin Sub-branch of Ancheng Insurance's Chongqing Branch was fined RMB 1.98 million by the Jiangjin Regulatory Sub-bureau for two violations, including fabricating business materials.
2023
Gujiao Sub-branch Head Staged Rear-end Collision Insurance Fraud, Banned from the Industry for 4 Years After Criminal Conviction
In 2018, the head of Ancheng Insurance's Gujiao Sub-branch and others staged a three-vehicle rear-end collision to defraud RMB 215,000 from insurance. In 2021, the criminal judgment was upheld on final appeal. In 2023, regulators banned those involved from the industry for 4 years and penalized the sub-branch for inadequate employee management. This entry combines the criminal case and the subsequent regulatory action.
2020
Chongqing Branch Fined RMB 60,000 for Booking 1,665 Direct Auto Insurance Policies as Intermediary Business to Extract Fees
In April 2020, regulators found that subordinate offices and departments of Ancheng Insurance's Chongqing Branch had booked 1,665 direct auto insurance policies as intermediary business, extracting RMB 1.4121 million in commission fees. The branch was fined RMB 60,000 and the responsible managers were held accountable.
2013
Fined RMB 510,000 for Insufficient Reserves, Inaccurate Premium Data and Other Violations
In June 2013, the China Insurance Regulatory Commission fined Ancheng Insurance a total of RMB 510,000 for insufficient reserve provisioning, inaccurate premium data and inadequate internal controls over reserve assessment.