What's the difference between Pacific Insurance and Taiping Insurance?

Although the names of Pacific Insurance and Taiping Insurance are somewhat similar, there are still great differences. Before starting, if you want to know the difference between the two insurance companies, you can read the following article: Pacific VS Taiping Insurance. The comparison result is a bit unexpected?

The seniors listed the following differences:

1, established at different times.

Pacific Insurance was established in 199 1, referred to as Taibao; China Taiping Insurance originated from 1929, referred to as Taiping. The two insurance companies also have a long history, especially Taiping Insurance.

2. The registered capital is different.

The registered capital of Pacific Insurance is 9.62 billion yuan and that of Taiping Insurance is 25.26 billion yuan.

3. Different solvency.

Senior sister compares life insurance companies under Pacific Insurance and Taiping Insurance. According to the summary of Pacific Life's solvency quarterly report in the third quarter of 2022, its core solvency adequacy ratio is 143%, its comprehensive solvency adequacy ratio is 24 1%, and its comprehensive risk rating result in the second quarter of 2022 is AA.

In addition, according to the summary of the solvency report of Taiping Life Insurance Company in the third quarter of 2022, its core solvency adequacy ratio is 103. 13%, its comprehensive solvency adequacy ratio is 206.25%, and its comprehensive risk rating in the second quarter of 2022 is Grade A. Want to know the top ten insurance companies with solvency? Let's take a look at the following article: What are the top ten insurance companies with solvency in 2022?

It can be seen that Pacific Life's solvency and risk rating are slightly higher than Taiping Life's, but Taiping Life's solvency and risk rating are also very good and have reached the standard.

Having said that, there are still many differences between Pacific Insurance and Taiping Insurance. If a small partner wants to buy insurance, it is best to master some insurance knowledge to ensure that there are fewer detours. These key knowledge points of insurance must be taken a look: before buying insurance, you must first understand these key knowledge points!

Hope to adopt!

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