According to Guizhou Provincial People’s Procuratorate November 30 notification, Chen Yong (director level), former business director of China Reinsurance (Group) Co., Ltd. and former vice chairman of China Continent Insurance Co., Ltd. , was suspected of corruption and bribery. The case was concluded by Guizhou Provincial Supervisory Committee investigation and transferred to the procuratorial organ for review and prosecution .
was assigned jurisdiction by the Supreme People's Procuratorate, and was reviewed and prosecuted by the Zunyi City People's Procuratorate. A few days ago, the People's Procuratorate of Zunyi City made a decision to arrest Chen Yong on suspicion of corruption and accepting bribes in accordance with the law. The case is under further processing. According to
public information, Chen Yong was born in 1964, master of business administration, senior accountant, is the first batch of insurers after the resumption of business in my country's modern insurance industry.
Chen Yong
In 1983, after working as a bank insurance agency in Jiangcheng County Sub-branch of Simao District Central Branch of the People's Bank of China in Yunnan Province for two years, Chen Yong joined Simao Central Branch of PICC and started his long insurance career.
Since then, Chen Yong has successively served as general manager of Yuxi Central Branch of Ping An Insurance Company of China, general manager of Chuncheng Branch of China Pacific Insurance Company, secretary of the Party Committee and general manager of Yunnan Branch of China Continent Property Insurance Co., Ltd.
Continent Insurance is the only direct property insurance company under China Re Group. It was established in Shanghai on October 15, 2003, with a registered capital of over 15.1 billion yuan. At present, it has established 36 branches, 1 business department, and 1 shipping insurance operation center, with a total of more than 2,100 institutions, covering all provinces in the country.
In February 2014, Chen Yong served as the deputy general manager of China Continent Insurance and presided over the work. Since June 2014, Chen Yong has served as director of Continental Insurance, and since January 2017, he has served as vice chairman. After he took office, he vigorously developed guarantee insurance , and the premiums of Continental Property & Casualty Insurance showed double-digit growth for six consecutive years.
However, the good times didn’t last long, and the guarantee insurance exploded one after another, and Dadi Property & Casualty Insurance was not spared. "Treading thunder" Wuhan Golden Phoenix fake gold case plus the rate reform of auto insurance, the performance of Continent Property & Casualty Insurance in 2020 took a sharp turn for the worse, with negative growth in premium income.
In March 2021, China Continent Insurance announced the news of internal personnel adjustments. Chen Yong, deputy secretary of the company's party committee, vice chairman, and president, was transferred to the business director of China Re Group and concurrently served as the company's vice chairman.
On the evening of May 8, 2022, the website of the Guizhou Provincial Commission for Discipline Inspection and Supervision released information showing that Chen Yong, the former deputy party secretary, vice chairman, and president of China Continent Property Insurance Co., Ltd. Disciplinary inspection of the Disciplinary Inspection and Supervision Team appointed to China Investment Corporation and the supervision and investigation of the Guizhou Provincial Supervisory Committee. By
/ Beijing Youth Daily reporter Fan Hui Li Ziman