1. Pacific Insurance Company is a national joint-stock commercial insurance company, a state-owned enterprise, not a central enterprise. The Bank of Communications jointly established by China Pacific Insurance Company and joint-stock insurance companies was approved by document Yinfu [149], and the People's Bank of China was incorporated in the State Administration for Industry and Commerce in May of 13 with a registered capital of 1 100 million yuan. As a leading comprehensive insurance group company in China, Pacific Insurance has a leading market share and an important market position in many business fields such as life insurance, property insurance and insurance asset management. The company mainly provides customers with comprehensive life insurance and property insurance products and services through its subsidiaries' life insurance and property insurance, as well as through its asset management companies and the use of insurance funds.
Two. The strength of Pacific insurance company
1, company background
China Pacific Insurance Company, an old insurance company. Founded in 199 1, it has been more than 20 years. As a senior insurance company in the insurance industry, it has been selected as one of the world's top 500 companies for eight consecutive years with abundant funds. It owns professional subsidiaries such as Pacific Life Insurance, Pacific Property Insurance and Pacific Asset Management Company. Headquartered in Shanghai, the registered capital is 7.7 billion yuan.
2. Solvency
Solvency represents the ability to repay debts. The higher the solvency, the smaller the risk of non-payment. The passing line stipulated by CBRC is that the core solvency adequacy ratio should be greater than 50% and the comprehensive solvency adequacy ratio should be greater than 100%. According to the solvency of China Pacific Life Insurance Company in the third quarter of 2020, the core solvency adequacy ratio and comprehensive solvency adequacy ratio of China Pacific Life Insurance Company in the third quarter of 2020 were both 242%, and the latest comprehensive risk rating was A, which greatly exceeded the solvency passing line.
3. Pacific Insurance Service Rating
Different people have different feelings about the indicators related to service words. Therefore, in this part, we will take the provisions of the insurance industry-the provisions of the China Banking Regulatory Commission as the standard, according to eight indicators such as the limit of claims service, odds, complaint rate and preservation limit; The service for insurance companies is divided into 10 grades, with AAA grade being the best. At present, there are no AAA insurance companies in Chinese mainland, but there are three AAA insurance companies, namely Taiping Insurance, Pacific Insurance and Bank of Communications Kanglian. Not to mention that AAA has not yet appeared, there are nearly 100 insurance companies in China, and it is very good that the service rating of Pacific Insurance can reach AA.