Brief introduction of sino-italian property insurance co., ltd.

Sino-Italian Property Insurance Co., Ltd. is a state-level property insurance company jointly funded by China Petroleum and Natural Gas Group and Italy Zhongli Insurance Co., Ltd., each holding 50% shares. The company was established in April 2007 with the approval of China Insurance Regulatory Commission, with a registered capital of 500 million yuan. It is the first Sino-foreign joint venture property insurance company in China.

The shareholders of Sino-Italian Life Insurance jointly increased their capital for five times: in 2008, the capital increased from 65.438+0.9 billion yuan to 2.7 billion yuan, an increase of more than 42%, making it the only joint venture life insurance company with a capital exceeding 2 billion yuan at that time; Last year, it increased its capital to 3.3 billion yuan with total assets of nearly 40 billion yuan, ranking first among joint venture life insurance companies with the largest capital and total assets.