Innovation intelligence brief
Innovation intelligence brief
Global insurer Allianz, Chinese Internet giant Baidu and Asian investor Hillhouse Capital Group will join forces to establish a nationwide digital insurance company in China. The joint venture will use a new business model putting the needs of individuals and companies at its center and offering affordable protection whenever and wherever customers desire.
What became of it
Blocked · Low confidence · Last verified 2026-10-17
Research is blocked: there was not enough public evidence to establish what became of this innovation. Nothing below should be read as a verified 2026 status.
As catalogued
2015 plan by Allianz, Baidu and Hillhouse Capital for a nationwide digital insurance company in China, combining an incumbent insurer, an internet platform with more than 640 million monthly users, and a financial investor; target lines included travel, e-commerce, internet finance, short-term health and lifestyle cover.
2026 reality
No evidence was found that the joint venture, reported in Chinese media as Bai'an Insurance (百安保险), ever received a licence or launched. As of April 2018 it was still described as pending approval. The original Allianz press release URL returns HTTP 404.
Announced on 2015-11-26 with the intention to apply for a nationwide online insurance licence. A Chinese business daily described the company as still awaiting regulatory approval in April 2018; no later approval, launch or formal abandonment was found.
REVIEW · Re-searched Chinese-language sources: still no evidence of a licence or formal termination; added an October 2018 report (via search summary) that approval was still pending. Kept BLOCKED with low confidence.
Documented evidence
Press release
Research interpretation
Classification paths, as catalogued, connect this example to the original insurance digitalization research models.