With a registered capital of 3.8 billion RMB, CCIC (China Continent Property & Casualty 1Insurance Company)was founded by China Reinsurance Group in 2003, headquartered in Shanghai and has opened 34 city-level branch companies and over 1,600 branch offices in China, as well as an office in New York, USA. In the past 4 years, CCIC has been expanding rapidly with premiums increasing from 1.5 billion to 10 billion RMB.
The business scope of the company is as follows: property insurance (including commercial property insurance, liability insurance, credit insurance, etc.), short-term health insurance and personal accident insurance both approved by China Insurance Regulatory Committee (CIRC), reinsurance of the direct business above, fund management under the permission of state laws and regulations and other business approved by CIRC and related departments of the government.
China Pacific Life Insurance Co., Ltd was established by China Pacific Insurance (Group) Co., Ltd (controlling shareholder) in Nov. 2001 in Shanghai on the basis of the life sector of China Pacific Insurance Company, which was established on May 13th 1991.Till the end of June.2008, the registered capital of RMB is 3.5 billion.In 2007, the total assets, net assets, premium income, realized profit and net profit reached RMB 231.142 billion, 18.045 billion, 50.686 billion, 4.878 billion and 4.549 billion respectively.
As at December 31, 2007, the company has established 35 branches and 3,315 branches, sub-branches and sales offices, and owned 31,000 employees and 200,700 distributors. Meanwhile, the company has also developed good business partnership with a number of specific and concurrent-business agencies.
In 2007, with the support and trust of numerous customers and great efforts of tens of thousands of employees, China Pacific Insurance Group, well known in the domestic life insurance industry for its honesty, soundness and excellence, successfully landed in the China A-share market as a whole group.
As an important subsidiary of China Taiping Insurance Group (China Taiping), Taiping Pension Insurance Co., Ltd. (Taiping Pension) was incorporated in Shanghai in 2004.
As a state-owned financial and insurance group founded in 1929, and now directly governed by the State Council of China, China Taiping (previously known as China Insurance Group) has the capability to provide diversified financial services for clients based on insurance business and supplemented by asset management, and it currently has presence in Mainland China, Hongkong, Macau, Europe, Oceania, East Asia and Southeast Asia, etc.
Founded and located in Xi’an in September 1996 with registered capital of 2.632 billion Yuan, Yong An Insurance Co. Ltd has become a nationwide influential property and casualty insurance company in the China insurance market, after rapid development of 16 years. Until the end of 2012, the company capital reached 10.231 billion Yuan, 208% of solvency ratio. In the single year of 2012, the company gained the premium income of 7.025 billion Yuan. There are 818 business institutions in 18 provinces and cities, among which the company has set up 22 branches, 796 sub-branches, forming the nationwide service network. During the fast development, the company realized accumulated premium income of 38 billion Yuan, paid tax of more than 20 billion and made indemnity of 20 billion Yuan.
Authorized by CIRC and according to the regulation, the company set up 22 branches in Shanxi, Shaanxi, Gansu, Chongqing, Xinjiang, Sichuan, Guangdong, Henan, Beijing, Jiangsu, Shandong, Qingdao, Dalian, Hebei, Yunnan, Hubei, Zhejiang, Shenzhen, Liaoning, Ningbo, Shanghai, Inner Mongolia to operate insurance business.