Funde Property & Casualty Insurance

Funde Property & Casualty Insurance

Funde Property & Casualty Insurance, founded in 2012 and headquartered in Shenzhen, is the general-insurance arm of the Funde group. The firm is 81% owned by Funde Sino Life Insurance, the life carrier that Zhang Jun chairs as de facto controller. That parentage gives Funde P&C a captive capital base but also ties its governance to the broader Funde ecosystem. Funde P&C operates a traditional property-and-casualty model built on motor insurance, enterprise property coverage, personal accident policies, and health insurance. The company runs a nationwide branch network across China and generates investable float from its underwriting operations. Its website logs a partial recovery in operating tempo: in March 2026, the firm announced it had met regulatory benchmarks to resume internet-insurance new business after a prior suspension (per firm website, March 2026). In the second quarter of 2025, car-insurance average premiums rose 30% sequentially alongside co-branded arrangements with unnamed automakers (per firm website, September 2025). The firm participates in several insurance-industry bodies, including the Federation of Afro-Asian Insurers & Reinsurers and the Shenzhen Insurance Association. Real-estate assets on its balance sheet include the Life Insurance Building on Fuzhong 1st Road in Shenzhen’s Futian District and an investment-properties portfolio also in Shenzhen. Philanthropic activity flows through the Shenzhen Futian Nuangong Foundation, which the firm supports. Funde P&C’s structural character is that of a regulated, float-generating subsidiary inside a privately controlled insurance group. Unlike a standalone carrier that must raise external equity, the firm draws its operating capital from the parent life insurer, which means its underwriting appetite and investment allocations ultimately answer to Zhang Jun’s group-level risk views — a concentrated governance architecture that differs from the diversified-committee model typical at state-backed Chinese insurers.