Recently, the Shenzhen Regulatory Bureau of the State Financial Supervisory Administration cancelled the “Insurance Intermediary License” of Shenzhen Jianfu Insurance Agency Co., Ltd. in accordance with the law. This is the 18th insurance intermediary agency whose license was cancelled during the year. A number of industry insiders said that the frequent “departure” of insurance intermediaries is related to factors such as increased competition in the industry, increased difficulty in selling insurance products, and stricter supervision.

Recently, the Shenzhen Regulatory Bureau of the State Financial Supervisory Administration cancelled the “Insurance Intermediary License” of Shenzhen Jianfu Insurance Agency Co., Ltd. in accordance with the law. This is the 18th insurance intermediary agency whose license was cancelled during the year. A number of industry insiders said that the frequent “departure” of insurance intermediaries is related to factors such as increased competition in the industry, increased difficulty in selling insurance products, and stricter supervision.