M&A Deal Summary

Huize Holding Acquires Senhao Insurance

On December 17, 2021, Huize Holding acquired insurance company Senhao Insurance for 30M CNY

Acquisition Highlights
  • This is Huize Holding’s 1st transaction in the Insurance sector.
  • This is Huize Holding’s largest (disclosed) transaction.
  • This is Huize Holding’s 1st transaction in China.

M&A Deal Summary
Date 2021-12-17
Target Senhao Insurance
Sector Insurance
Buyer(s) Huize Holding
Deal Type Add-on Acquisition
Deal Value 30M CNY

Target

Senhao Insurance

Shanghai, China
Senhao Insurance is a nationwide professional insurance agency company with business networks in 11 provincial areas in China. The agency holds the license issued by the CBIRC to operate its insurance agency business nationwide, with a business network of 18 regional sales and service centers to engage with insurance clients. Senhao Insurance was formed in 2015 and is based in Shanghai, China.

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Buyer(S) 1

Buyer

Huize Holding

Shenzhen, China
Category Company
Founded 2006
Sector Insurance
Employees1,113
Revenue 1.2B CNY (2023)
DESCRIPTION

Huize Holding is an entity which offers insurance brokerage services by providing life and health insurance products, such as critical illness, illness and disease, and term life and whole life insurance products; and property and casualty insurance products, including travel, individual casualty, and corporate liability insurance products. The company offers its products through the Internet and mobile Internet channels. Huize Holding was founded in 2006 and is based in Shenzhen, China.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (China) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Global Care

Thu Duc, Vietnam

Global Care specializes in providing digital transformation platform solutions in the insurance industry to simplify sales and management processes. Global Care is based in Thu Duc, Vietnam.

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