Is Zhong Yi Property Insurance Co., Ltd. bankrupt?

Sino-Italian Property Insurance Co., Ltd. did not go bankrupt. Introduction of Sino-Italian Life Insurance Company In 2002, Sino-Italian Life Insurance Co., Ltd. was born, which was jointly funded by China Petroleum and Natural Gas Corporation (CNPC) and Italian ASSICURAZIONI GENERALI Insurance Co., Ltd., and was the first Sino-foreign joint venture insurance company approved to be established after China joined the World Trade Organization.

At this time, Sino-Italian Life Insurance has a registered capital of 3.7 billion yuan and total assets of over 90 billion yuan.

The main business scope includes life insurance, accident insurance, health insurance, investment insurance and group employee welfare plan.

2. Solvency of Sino-Italian Life

Solvency-the ability of insurance companies to fulfill their obligations under insurance contracts at any time, also reveals the asset-liability relationship of insurance companies, and is the lifeline of all insurance companies.

The China Banking and Insurance Regulatory Commission has made a regulation: when the core repayment rate is >; 50%, and the comprehensive solvency adequacy ratio >; 100%, which can be called a solvency company.

Everyone has seen the solvency of China-Italy Life in the fourth quarter of 2020. Both the core solvency adequacy ratio and the comprehensive solvency adequacy ratio meet the standards set by the China Banking Regulatory Commission, so we can rest assured of the solvency and claims settlement ability of China Life Insurance.