China Reinsurance (Group) Company is a state-owned reinsurance group company established on the basis of the former China Reinsurance Company with the consent of the State Council and the approval of China Insurance Regulatory Commission in 2003, with a registered capital of 3.9 billion yuan.
Over the years, China Reinsurance Company has been performing the functions of national reinsurance company and playing the role of the main reinsurance channel in China insurance market. In 2003, China Reinsurance Company reformed its shareholding system and established China Reinsurance (Group) Company.
Zhongzai Group insists on the main business of reinsurance, and at the same time implements diversified operation. As the main sponsor and investor, China Property Reinsurance Co., Ltd., China Life Reinsurance Co., Ltd., China Dida Property Insurance Co., Ltd., China Reinsurance Asset Management Co., Ltd., China Insurance Newspaper Co., Ltd. and Huatai Insurance Broker Co., Ltd. were jointly established with many famous domestic and foreign insurance and non-insurance enterprises. The business involves reinsurance, direct insurance, investment, media, insurance brokerage, education and training, etc., forming a diversified and professional group management structure and management pattern.
China Dida Property Insurance Co., Ltd., formerly known as People's Insurance Company of China, was established in June 1949+00. It is a national property insurance company established with the approval of China Insurance Regulatory Commission and controlled by China Reinsurance (Group) Company as the investor and the main sponsor. The company was established on October 20th, 2003 with a registered capital of 6,543.8 million yuan and its headquarters is located in Shanghai.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.