Class A auto insurance companies mainly include China Life Insurance, Taiping Insurance and Taikang Life Insurance. Most insurance companies in China are state-owned and funded by the state or relevant departments. Five insurance companies in China are state-controlled, such as China Life Insurance, China PICC, China Pacific, China Reinsurance and CITIC Insurance Company. These five companies are what people call state-owned enterprises. Users don't have to worry that these companies will go bankrupt or there will be no capital settlement, and the state will be directly responsible. Insurance companies of other private enterprises have relatively strong financial strength. Only after the approval of the CBRC can users choose insurance to protect their personal and property rights. The above is the relevant content of Class A auto insurance companies.
Brief introduction of insurance
Insurance refers to avoiding and transferring some unpredictable risks in advance. The guarantee function of insurance is that the insured pays the insurance money to the insurance company on time, and the insurance company will protect the vital interests of the insured according to the contract after receiving the insurance money. For a country, insurance is an important part of social and economic development, which can promote social harmony and economic development. This article mainly writes the knowledge points of Class A auto insurance companies, and the content is for reference only.