Is Cathay Property & Casualty a state-owned enterprise?

Cathay Property Insurance is not a state-owned enterprise. The full name of Cathay Property Insurance is Cathay Property Insurance Co., Ltd. Cathay Property Insurance Co., Ltd. was established in Shanghai in August 2008, and was jointly funded by Cathay Life Insurance Co., Ltd. and Cathay Century Product Insurance Co., Ltd. * *, which is the first Taiwan-funded insurance company in Chinese mainland.

Since its establishment, the company has covered the eastern coastal areas and the central and western regions. Branches have been set up in Beijing, Shanghai, Jiangsu, Fujian, Xiamen, Guangdong, Zhejiang, Shandong, Qingdao, Sichuan, Hubei and other provinces and cities 1 1, and an Internet business department has also been established to expand Internet business and explore Internet technologies including mobile Internet, cloud computing and insurance big data.

In the administrative areas of Shanghai and the provinces, autonomous regions and municipalities directly under the Central Government where branches are established, the following insurance businesses are engaged:

(1) Property insurance services such as property loss insurance, liability insurance (including compulsory liability insurance for motor vehicle traffic accidents), credit insurance and guarantee insurance;

(2) Short-term health insurance and accident insurance;

(3) Concurrent insurance agency business;

(4) Reinsurance business of the above business. Except for compulsory motor vehicle traffic accident liability insurance, the company shall not engage in other statutory insurance business.