Supplementary information:
China Pacific Insurance is also called Pacific Insurance, or China Pacific Insurance for short. Its predecessor is China Pacific Insurance Company, which was established in May 199 1. It is a national joint-stock commercial insurance company approved by the People's Bank of China. 200 1 According to the reply of the CIRC in the State Council and China, China on the reform of the separate operation institutions, the former China Pacific Insurance Company was renamed as "China Pacific Insurance (Group) Co., Ltd.". CPIC is the second largest property insurance company in Chinese mainland, second only to China Property Insurance, and the third largest life insurance company, second only to China Life Insurance and China Ping An. It operates a variety of insurance services, including life insurance and property insurance.
Extended data:
I. Company background and strength
China Taiping Insurance 1929, founded in Shanghai, is a national insurance brand with a long history of continuous operation. China Taiping originated from three national brands: Taiping Insurance, Civil Security Insurance and China Insurance. 20 1 1 At the end of the year, Taiping Insurance was brought under the central management and upgraded to a vice-ministerial financial central enterprise. China Taiping has 24 subsidiaries, including domestic 12 and overseas 12, with more than 2,000 business organizations at all levels. The business scope is also relatively wide, covering life insurance, endowment insurance, property insurance, insurance agency, reinsurance, internet insurance, asset management, pension medical and health industry investment and other fields. In 20 19, the operating income of China Taiping exceeded 200 billion yuan for the first time, the total assets exceeded 820 billion yuan, and the scale of assets under management exceeded 1.4 trillion yuan. China Taiping Insurance has been selected as one of the top 500 brands in the world for two consecutive years, and its company background and asset strength are very strong. At present, China Taiping Insurance has basically formed a business pattern of insurance linkage and domestic and foreign interaction. It is a relatively complete insurance company in China and an insurance institution with distinctive international characteristics.
Second, solvency.
Looking at the solvency of an insurance company, we can see whether the risk of this insurance company is high or not. China Banking and Insurance Regulatory Commission regulates capital management risks through solvency management rules to ensure that insurance companies maintain adequate solvency limits. 20 19 12 3 1 Taiping insurance's comprehensive solvency adequacy ratio of 230% and core solvency adequacy ratio of 223% are higher than the regulatory standard 100% and 50% respectively. As a regulatory red line, the solvency adequacy ratio is still relatively reliable.
Thirdly, China Pacific Insurance has the background of central enterprises and strong comprehensive strength, which shows that Taiping Insurance is trustworthy. Taiping Insurance strives to build a distinctive and potential boutique insurance company to provide users with more and better comprehensive financial insurance services! At the same time, Taiping Insurance takes "* * * enjoyment" as the basic principle to create a better life for the people, improve the service quality and let the people enjoy a safe, healthy and affluent living environment.