1. Number of insurance companies.
According to the latest statistics of Zero One Think Tank, as of 202 1 1 28, there are 239 insurance institutions (head offices) in China. Among them, there are 0/2 insurance groups, 0/2 insurance holding companies, 86 property insurance companies, 93 life insurance companies, 4 reinsurance institutions, 29 insurance asset management companies and 5 other types of insurance companies.
2. The division of property insurance and life insurance.
Insurance business is divided into two categories, namely life insurance business and property insurance business. Article 95 of the Insurance Law stipulates that:
"The insurance company's business scope:
(1) Personal insurance business, including life insurance, health insurance, accident insurance and other insurance business;
(2) Property insurance business, including property loss insurance, liability insurance, credit insurance and other insurance businesses;
(3) Other insurance-related businesses approved by the the State Council Insurance Regulatory Authority.
An insurer may not concurrently engage in life insurance business and property insurance business. However, insurance companies engaged in property insurance business may engage in short-term health insurance business and accidental injury insurance business with the approval of the State Council Insurance Regulatory Authority. "(the insurer refers to the insurance company)
Auto insurance belongs to property insurance business. According to the above regulations, only property insurance companies can carry out auto insurance business. At present, there are 86 property insurance companies in China.
Suggestions on buying auto insurance:
At present, there are more than 200 insurance companies in China with a wide range of insurance products. Whether it's car insurance or other insurance, there is a lot of choice. When buying insurance, ask as many products as possible, choose the one with relatively high price, or choose professional insurance practitioners for consultation.
I hope my answer can help you.