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Funde Property & Casualty Insurance
Shenzhen-based insurer Funde P&C, controlled by Zhang Jun and majority-owned by Funde Sino Life, holds roughly $780M in float.
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.
General information
Firm type
Insurance
Year founded
2012
AUM
~$780M (Altss estimate)
Location
Region
Asia
Country
China
City
Shenzhen
Corporate office
Shenzhen, Guangdong, China
Principals
Zhang Jun
Chairman
Sector focus
Frequently asked questions
Who controls Funde Property & Casualty Insurance?
Funde P&C is 81% owned by Funde Sino Life Insurance, and Zhang Jun serves as the de facto controller and Chairman of the group. The firm therefore sits inside a privately held insurance ecosystem rather than operating as a widely held public company.
What is the firm's recent regulatory posture regarding online operations?
Funde P&C suspended internet-insurance new business at some point in recent years. In March 2026, the firm disclosed it had met regulatory qualification requirements and fully resumed selling new internet policies (per firm website, March 2026).
What insurance lines does Funde P&C write?
The company writes four main lines: motor insurance, enterprise property insurance, personal accident insurance, and health insurance. It distributes these products through its branch network across China and, since resuming internet operations, through online channels.
How is Funde P&C's investment float managed?
As a regulated Chinese property-and-casualty insurer, Funde P&C generates float from premiums and invests it predominantly in fixed-income instruments and real-estate assets. Its known property holdings include the Life Insurance Building in Shenzhen’s Futian District and an investment-properties portfolio in the same city.
Does Funde P&C participate in industry associations or peer groups?
Yes. The firm is a listed member of the Federation of Afro-Asian Insurers & Reinsurers, giving it a cross-border insurance-industry affiliation, and it is an active participant in the Shenzhen Insurance Association for regional regulatory and industry initiatives.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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