The author, the editor of the beautiful bath
In 2025, shincan property insurance inc. (hereinafter referred to as “sinner energy insurance”) became the most insinuated “black horse” on the non-listed financial insurance company's report card。
In the first full-fledged year of operation, the income from the epi operation was $16,562 million, more than three times the same year, and went directly into the fourth business; the net profits were also converted from a loss of $2,458 million in 2024 to a profit of $435 million。
In january 2024, it was launched by eight state-owned enterprises; in september 2024, it was approved for the insurance of cheonan, which was granted, and in october of the same year, it was granted the assets of cheonan. The losses in 2024 were mainly incurred in the four quarters, leading to a loss of business reputation of $2. 499 billion following the concession to cheonan in october。
At the personnel level, the report of the fourth quarter of 2025 on the solvency of risk indicates that the company's deputy chairman, executive director, board secretary oh joon hao and compliance officer kao feng have left, and that compliance duties are temporarily represented by the president, shang ya feng, who has reached retirement age。
In fact, since its inception in early 2024, the management team for finac has been composed of three forces: the “capital system” from the major shareholders in the country, the “paper system” from the former custodians of spaip, and the “stientific system” reserved for business continuity. This time, the departure of vice-president oh joon-ho and the compliance officer, ko feng, represented the change of power between shin and taishu。
Shin has spent one year on financial risk insurance, from “terminal losses” to “black horses rise”, but the real test may have just begun. How can new executives, when they take office, truly integrate teams with different backgrounds into a force, and can the bright-eyed “black horse” be turned into a long-term, steady “triple horse”
The vice-chairman, the compliance officer, left office, and information on the acting compliance responsibilities of the managing director, shan yafung, indicates that oh joon-ho was born in june 1965 and has reached retirement age. Joon-ho began his career in the academic world in 1986 and graduated from the faculty of economics of the chinese university of pedagogical education and was subsequently assigned to the jiangsu chemical institute (now known as changzhou university) to teach entrepreneurship; in 1997 he returned to the chinese university to graduate from business management studies and, after his graduation in 2000, was involved in portfolio investment consultancy studies. In 2003, oh joon hao entered the system and cultivated the financial sector for more than a decade. From september 2003 to january 2006, oh joon hao served as deputy head of the shanghai shinjian asset management company ltd.; from january 2006 to april 2011 as deputy head, manager, senior manager, deputy manager of the finance management department of the shinjing (group) asset management department (chair); and from april 2011 to january 2024 as general manager of the shinjing (group) financial management department. In addition, oh joon-ho has served as director, supervisor and supervisor in a number of financial institutions, including the chinese taibao, eastern securities and grand bank, during which he was able not only to exercise shareholder rights but also to participate in major decision-making on behalf of shin can group。
Source: tank gallery
In 2024, with the establishment of zheng zhen zhen zhang hao came to the “last stop” of his career, when he became vice-chairman and executive director of zheng zhen zhen zhen zhang zhen zhen zhen zhen zhen zhen zhen zhen zhu, and then served as secretary of the board of directors three months later. In terms of post changes, he was not only involved in the construction of the new corporate governance architecture, but was also one of the key players in the new strategic direction of the company。
Similar to oh joon-ho, ko feng either retired at his age, born in august 1964. Kao feng has been in charge of financial risk compliance since september 2024. Former deputy general manager of the legal compliance department of the financial insurance and insurance department, chief of the legal compliance unit of the cheonan financial and insurance trust group/authorized operations team, head of the temporary compliance unit of shin energy financial insurance。
The vice-chairman of the china investment association's investments professional committee for publicly listed companies, zhui pei won, noted that “the retirement of oh joon-ho and ko feng may mark the end of the `transitional mission' for financial risk insurance. The core task of the complex senior management team, which was formed by the shin-in, taishu and tianan systems at the beginning of the company, is to build a governance structure, take on the burden of history and drive the business back on track. It is now a loss, a stable structure and a phased goal for the founding team has been achieved.”
Source: tank gallery
It is worth mentioning that, after the departure of kao feng, the responsibility for compliance was temporarily represented by chief executive officer sing yao, but was also brought to retirement age by the time of his birth in july 1965。
In response, yuan, co-founder of the new intellectual productivity council's living room, stated that “it is clear that compliance managers, as central players in insurance companies' risk management, need not only to match professional qualifications, but also to meet regulatory implicit requirements for senior managers' age of service and continuity of service, and be represented by over-age seniors, may face a lack of energy to cope with the reality of high-intensity compliance management, while at the same time they may have a bias in the regulatory orientation towards the stability and rejuvenation of risk management, especially in the context of increasingly demanding industry, such ad hoc arrangements are not a long-term solution and may also raise concerns and questions about corporate compliance management capacity.”
Shin, taishu, cheonan's strength is tiring and management is `after 60/70'
The emergence of financial risk insurance is the product of a combination of financial risk resolution and the strategic deployment stocks. The company was officially established on 16 january 2024, with a registered capital of 10 billion yuan, which is at the top of the financial risk industry. As of the end of the fourth quarter of 2025, the total assets of sic were $25,346 million, net assets $7,973 million, and the de facto control of sig, which held 50 per cent of its share through sic (45 per cent) and sic (5 per cent)。
In fact, since its inception in early 2024, the management team applying for financial risk has been making management adjustments。
In particular, in january 2024, jindu hung, born in october 1969, served as chairman of the board of directors of shin energy finance and insurance, was appointed by shin keen group, a senior executive with over 30 years of financial experience。
His curriculum vitae shows that he has been a member, vice-president, president of the côte d ' ivoire securities commission, president of the business committee on asset management, president of the business committee on wealth management, chairman of the board of directors of the bank of shanghai, chairman of the board of directors of the bank of china, chairman of the board of directors for capital management, chairman of the côte d ' ivoire investment in innovation, managing director, chairman of the executive committee, vice-president of the sin keonan group, secretary of the eastern securities party, executive director, chairman of the board of directors, executive director, managing director of shin's investment, etc。
Source: tank gallery
He was a top executive director and a leading executive in the industry for over 30 years. Before joining zheng zheng zhengxiang, he spent most of his career at too much risk, as assistant director-general of internal operations, assistant director-general of internal operations, assistant director-general of internal operations, deputy director-general of car insurance, deputy director-general of chengdu sub-sector, general manager of markets, general manager of marketing management, general manager of product enterprise and accidental health insurance, managing director of compensation and deputy director-general of permanent operations。
In july 2018, singya feng was granted the post of managing director of the superintendency insurance and in march 2021, it was announced that singya feng had resigned from the post of managing director due to work restructuring. Subsequently, shanya feng assumed the chairmanship of the cheonan financial insurance trust group, leading the risk management of cheonan's financial risk and ultimately pushing its operations to be concessioned by the newly established energy risk management unit, marking the end of the risk management task。
At the same time, the shin financial risk management team has been progressively refined。
In the second half of 2024, key positions, such as that of chu dewu, the former chief financial actuary, and xu hee lin, the ceo's assistant, were approved; in january 2025, the new supervisor, zhao bin, and director chen fai, was added; in may 2025, the company received a key build-up, and the chief digital officer, li jing, was granted the same day as the general manager of taibao hubei company, zhou hsiao, became deputy general manager, forming the “one plus four” core structure。
Source: tank gallery
Historically, senior management has come mainly from the three main factions, and the “shin qianjin” system, which represents the will of the major shareholders, includes the chairman of the board (the vice-president of shin qian group), the vice-president of the board of directors, oh joon-ho, the financial officer, lee zhou ho, etc.; the “sheng feng” system, which came from the former custodian, including the general manager, song young-sung, zhou, the compliance officer, and the auditor-general, man qia, among others; and the retention of some of the former senior managers of the tianan department, such as the actuary, chu de-wu, and the assistant to the general manager, xu huilin。
At present, including the chairman of the board, there are 10 senior management teams, all “after 60” and “after 70”, and the general manager has reached retirement age. In response, yuan stated that “a mature venture often starts the selection and development of a back-up senior manager three to five years ahead of schedule, helping young cadres to build their managerial experience through rotational exercise, participation in special projects, etc., while zheng zheng zhang has not formed an age-appropriate team of senior cadres two years after its creation. If more executives retire centrally in the future, there is a high risk of a management gap, which also exposes the company's lack of long-term planning at the strategic level of talent and its failure to integrate young cadre development into the core development agenda in a timely manner”
Source: shin energy financial insurance network
From a loss of 2. 4 billion to a net gain of 435 million, almost 70 per cent of the car insurance business was lost
While management has been expanding, risk has submitted a bright performance response。
By 2025, companies had earned $16,562 million in insurance revenue, an increase of 371. 58 per cent over the same year, and ranked fourth among 76 non-market financial insurance companies; net profits had reached $435 million, compared with a net loss of $2,481 million a year earlier, when they had just been reduced by 2,499 million in goodwill from the jean-annian asset package, leaving the company in a slump in the fourth quarter of 2024。
The performance reversal of energy risk is achieved, with the most central changes occurring at the underwriting end。
At the end of 2025, the combined cost of energy insurance fell below the 100 per cent profit/loss balance line, to 99. 85 per cent; of these, the combined rate decreased by 3. 03 percentage points to 67. 84 per cent and the combined cost rate by 2. 45 percentage points to 32. 01 per cent. According to yuan, “this may be largely due to the company's ability to reduce the combined rate of compensation payments in step with the combined rate of costs through precision risk pricing and strict insurance awards, thus removing the passivity that had previously relied on investment returns to cover underwriting losses”
Figure source: capacity to pay for energy risk report
In addition to this, the return on investment in the year 2025 was 2. 72 per cent, an increase of 1. 46 per cent over the rate of 1. 26 per cent in 2024; the total return on investment was 2. 65 per cent, an increase of 1. 44 per cent over the same period. From the point of view of the use of the funds, in 2025, cei invested in pacific assets, the fund for the reassembly of wealth, the eastern certification fund, and the products under the banner of guo-kyou an. Of these, the sic-ces single asset management plan, which involves a requisition of $2. 69 billion, is expected to extend beyond october 2027。
For the comprehensive risk rating, the combined risk results for the second and third quarters of 2025 are bbb. By the end of the fourth quarter, the firm's core solvency rate and the combined solvency rate were 284. 05 per cent。
Source: tank gallery
At the same time, the operational structure of rise has been quietly reshaped. In 2025, rmb10. 92 billion, representing a decrease from 72. 91 per cent in 2024 to 65. 96 per cent. Non-vehicle insurance is rapidly replenished, with a total of rmb4. 947 billion for the top five insurance categories, providing a new engine for the increase in premiums。
However, it was noted that “65. 96 per cent of vehicle risk insurance has become more significant in the context of deepening change. The increased motorization effect of the vehicle insurance industry, the continued compression of profit-making space for small and medium-sized risk enterprises, and overdependence on a single red sea operation will magnify market-cycle risks, which may directly slow down overall profits once prices in the industry have escalated.”
At the beginning of the operation, the energy insurance policy resulting from cheonan's financial insurance policy clearly identified itself as a green property insurance enterprise, building on the shareholders' advantages in the field of energy, and exploring ways to develop differentiatedly. Do you think shin can sustain high growth and profit in the future? Talk to the comment section。
