An agriculture insurance joint venture between Ant Financial Services Group and China United Insurance Holding Co. has received a green light from China’s insurance regulator, making it the first agriculture technology company co-established by an insurer to achieve regulatory approval from the China Insurance Regulatory Commission (CIRC). Nonglian Zhongxin Technology Co., Ltd. will be 60% owned by China Insurance and 40% owned by Shanghai Yunxin Venture Capital Management Co, a wholly owned subsidiary of Ant Financial, which is a financial …

Ant Financial’s Agriculture Insurance Joint Venture Gets Regulatory Green Light appeared first on China Money Network.