Cathay Property Insurance Co., Ltd. (hereinafter referred to as "Cathay Property Insurance") was jointly established by Cathay Life Insurance, a subsidiary of Cathay Financial Group, a fortune 500 company in Taiwan Province Province, and Cathay Century Property Insurance. With a registered capital of 600 million yuan, the company was formally established in Shanghai in August 2008. Cathay Financial Group is an outstanding brand in the financial industry of Taiwan Province Province. Combining diversified financial services such as insurance, banking and securities, and adhering to the corporate culture of "stability, law-abiding, honesty and no exaggeration", the company has continuously integrated the resources of the Group for many years, and provided customers with one-stop all-round financial management services by virtue of its service outlets and professional and excellent service teams all over Taiwan Province Province. Cathay Life Insurance is the first brand of life insurance industry in Taiwan Province Province. One out of every three residents in Taiwan Province Province is a customer of Cathay Life Insurance, and has been selected as one of the world's top 500 enterprises for more than 10 years, making it the largest life insurance company in the world 14. Cathay Century Property & Casualty is a leading brand with outstanding business performance in Taiwan Province Province. With the advantages of the group, it has always maintained a leading position in the insurance market. With professional service and steady operation, the company won the title of "Best Property Insurance Company in Asia in 2009". The establishment of Cathay Property & Casualty will continue the previous concept of professional service and steady operation, and develop rapidly with strong group resources and professional financial and insurance management experience, becoming an excellent financial brand in the mainland market.
The main business of Cathay Property Insurance includes property insurance, cargo transportation insurance, liability insurance, engineering insurance, automobile insurance and travel inconvenience insurance. The initial development strategy was "based on Shanghai, radiating the coast and looking at China". Since the establishment of the company, various businesses have developed steadily and rapidly. With the approval of China Insurance Regulatory Commission, Cathay Property & Casualty has set up branches all over the country. Up to now, the business scope of Cathay Pacific Property & Casualty has covered the economically developed coastal areas such as the Yangtze River Delta, Fujian Haixi and Pearl River Delta, and initially established the service network of the main coastal areas south of East China. In the future, with the approval of the China Insurance Regulatory Commission, Cathay Property & Casualty will actively expand its service scope and expand its service outlets to all parts of the mainland, so as to establish a perfect customer service network and provide customers with professional and high-quality satisfactory services.
Cathay Property & Casualty will adhere to the business philosophy of "steady, pragmatic and sustainable operation" and adhere to the core values of "law-abiding, honesty and discipline" to provide professional goods and satisfactory services for enterprises and individual customers. The company has made unremitting efforts to realize the vision of the most trusted and satisfied insurance company for customers and to develop into the best financial institution in China.