Sino-Italian Life Insurance Co., Ltd. is a life insurance company jointly funded by ASSICURAZIONI GENERALI and China Petroleum and Natural Gas Group (CNPC).
It was established in Guangzhou on June 5438+1October 65438+May 2002 with the approval of China Insurance Regulatory Commission, with a registered capital of RMB 654.38+0.9 billion, becoming one of the first Sino-foreign joint venture insurance companies approved to be established after China joined the WTO.
In 2009, the application for capital increase of Sino-Italian Life Insurance Co., Ltd. was officially approved by the China Insurance Regulatory Commission. The registered capital of Sino-Italian Life Insurance increased from 654.38+0.9 billion yuan to 2.7 billion yuan, an increase of over 42%, making it the largest joint venture life insurance company in China.
It is understood that with the rapid growth of business volume and the requirement of statutory solvency for capital, China-Italy Life has completed four capital increases in just seven years. A solid "family background" provides a strong guarantee for the further development of this seven-year-old joint venture insurance company.
After this capital increase, Sino-Italian Life Insurance has once again become a foreign life insurance company with the strongest capital strength, and it is also the only foreign life insurance company with a registered capital of more than 2 billion yuan in China.
20 1 165438 On February 9, the registered capital of the company was changed from 2.7 billion yuan to 3.3 billion yuan.