The People's Insurance Company of China, the predecessor of China People's Insurance Group Co., Ltd. (hereinafter referred to as PICC China), was established in Xiangmin 1949 108 in the western suburbs of Beijing with the approval of People's Republic of China (PRC) and the State Council.
As the founder and pioneer of the insurance industry in New China, in the course of more than 60 years' reform and development, it has always adhered to the mission of "people's insurance, serving the people", actively fulfilled its corporate social responsibility, provided all-round and high-quality insurance protection and services for serving economic and social development and safeguarding the national economy and people's livelihood, and created the glory of the national insurance industry in New China.
As the oldest insurance company in China, it has undergone several major changes. According to the decision of the State Council, the People's Bank of China approved the change of China People's Insurance Company into China People's Insurance (Group) Company on 1996, and established three insurance subsidiaries in Chinese mainland: PICC Property Insurance Co., Ltd., PICC Life Insurance Co., Ltd. and PICC Reinsurance Co., Ltd.
Advantages of China People's Insurance Company:
1, brand advantage
PICC brand has a history of 60 years, and enjoys an excellent reputation in China, and also has a certain influence in the world. PICC P&C Insurance is the P&I communication agent of the world's major shipowners' associations in China and enjoys a good reputation in the international insurance market. Especially after the company's overseas listing, PICC has further become a well-known brand in the insurance market and capital market at home and abroad.
2. Market advantage
PICC P&C Insurance is the largest non-life insurance company in China, which is in a leading position in the non-life insurance market and dominates the development of the non-life insurance market. The company mainly deals in property insurance, accident insurance and short-term health insurance, and is in an absolute leading position in centralized business such as large-scale commercial risks, government procurement and industry unified insurance, as well as decentralized business such as vehicle insurance and family property insurance.
3. Talent advantage
Over the years, PICC P&C has trained a large number of outstanding backbone talents, a large number of experienced management talents and technical talents, covering every link of the non-life insurance business chain, and has a dedicated and United workforce with core skills in the non-life insurance industry.
Reference to the above content: Baidu Encyclopedia-China PICC