It is learned on December 19 from Securities Times, NIO acquired another insurance brokerage company at the end of the year, following the registration and establishment of its insurance brokerage company at the beginning of the year.

Recently, Huiding Insurance Brokers Co., Ltd. underwent changes. The original shareholder Anhui Shengda Blasting Engineering Technology Co., Ltd. withdrew, and Anhui NIO Data Technology Co., Ltd. was added as a shareholder and wholly-owned by the company. At the same time, the legal representative of Huiding Insurance Brokers Co., Ltd. was changed from Sun Mu to Qu Yu, and all senior executives were changed.

Since December 14 last year when the Insurance Association of China officially released “Exclusive Terms for Commercial Insurance of New Energy Vehicles (Trial Implementation)”, new energy car companies have pressed the accelerator key to enter the insurance intermediary market.

In January, NIO registered and established NIO Insurance Brokers Co., Ltd.;
In March, BYD registered and established BYD Insurance Brokers Co., Ltd.;
In June, Chehejia Financial Technology (Jiangsu) Co., Ltd., a wholly-owned subsidiary of Ideal Automobile, wholly acquired 100% equity of national insurance intermediary Yinjian Insurance Brokers and changed its name to Beijing Ideal Insurance Brokers Co., Ltd.;In October, BMW Insurance Brokers, which BMW applied to establish, was formally registered with the industrial and commercial department.

According to “Implementation Measures for Administrative Licensing and Record Filing of Insurance Intermediaries”, if a national insurance brokerage institution applies to operate insurance brokerage business, it shall be accepted by the China Banking and Insurance Regulatory Bureau at the place where the industrial and commercial registration is registered, and the China Banking and Insurance Regulatory Commission will decide; Where a regional insurance brokerage institution applies to operate insurance brokerage business, it shall be accepted, reviewed and decided by the China Banking and Insurance Regulatory Bureau at the place where it is registered for industry and commerce.

Some people in the industry said that financial regulation has become stricter, local insurance brokerage licenses have basically been suspended, and it is very difficult to apply for national insurance brokerage licenses, so those who are eager to enter the market can only choose the options of acquiring existing entities with brokerage licenses.