Is there an insurance company in Chongqing?

Chongqing has local banks and local securities, but there is no local insurance. Last Friday, Huang, member of the Standing Committee of the Municipal Party Committee and executive deputy mayor, revealed at the annual meeting of private entrepreneurs in Chongqing that Chongqing is preparing to set up a local insurance company with various ownership structures, and private capital is welcome to join. It is understood that the minimum registered capital for the establishment of an insurance company is 200 million yuan, and it must be paid-in monetary capital. As a financial institution in a special industry, the formal establishment and opening of an insurance company must be strictly examined and approved by the CIRC. At present, the only insurance companies headquartered in the west are Yong 'an Property Insurance Company in Xi and China United Property Insurance Company in Urumqi. In the medium-term development plan of the insurance industry of Chongqing Insurance Regulatory Bureau, there is also such a statement: "Before 2005, we will strive to set up an insurance company with its headquarters in Chongqing."

Ancheng Insurance opened on February 8, 2007, and it is the first local national property insurance company in Chongqing. The company mainly deals in production safety liability insurance.

As a pilot project of the State Administration of Work Safety on safety liability insurance, Ancheng Insurance is the only property insurance company with the theme of "safety" in China, mainly engaged in property loss insurance, liability insurance, credit insurance and guarantee insurance, agricultural insurance, short-term health insurance, accident insurance and reinsurance.

Ancheng Insurance has a registered capital of 500 million yuan, and Yucheng Investment Company contributed 1 billion yuan to become the largest shareholder. Chongqing state-owned enterprises such as Chongqing Public Transport Holding Group, Municipal Water Affairs Group and Yufu Asset Management Company, as well as private enterprises such as Jingtong Industrial Corporation and Tiantai Agricultural Development Company are also shareholders of Ancheng Insurance.

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