China People's Property Insurance Co., Ltd. was established by China People's Insurance Group Company in July 2003 with the consent of the State Council and the approval of China Insurance Regulatory Commission, with a registered capital of12,255.98 million yuan. Its predecessor was China People's Insurance Company, which was established with the approval of the People's Bank of China on10.20/949.
On June 6th, 2003, 165438+ Company was successfully listed on the Hong Kong Stock Exchange, becoming the "first share" of overseas listing of large state-owned financial enterprises in China.
Extended data
The characteristics of automobile insurance are as follows:
1, the risk rate of the subject matter insured is high.
Motor vehicles are means of transportation, and the normal state is to keep moving, which is easy to cause personal and property losses due to collision. Moreover, due to the imperfection of early administrative licensing procedures, many drivers do not have basic operating skills. Traffic facilities and management have been gradually improved, and the accident rate of motor vehicles is high.
2. There are many businesses and high insurance rates.
Due to the high accident rate of motor vehicles, motor vehicle owners and traffic management departments transfer risks through insurance, so motor vehicle insurance business increases and insurance rates are high.
3. The types of insurance are complex and professional, which is easy for consumers to misunderstand.
Motor vehicle insurance is divided into basic insurance and additional insurance, of which additional insurance cannot be insured independently.
4. Not sure
As motor vehicles travel on land with great mobility and irregular travel, it undoubtedly increases the uncertainty and unpredictability of dangerous accidents and insurance losses for insurers.
5. Expand insurable interest.
If a qualified driver allowed by the insured uses the insured motor vehicle and an insured accident as stipulated in the insurance contract occurs, resulting in property loss or personal injury to a third party, the insurer shall be liable for compensation.
6. Preferential treatment without compensation
In order to encourage the insured and their drivers to strictly abide by the traffic rules and drive safely, the motor vehicle insurance business in various countries adopts the "no compensation preferential treatment" system.
7, safeguard the public interest
Motor vehicle third party liability insurance, as a liability insurance business inseparable from motor vehicles, is a statutory insurance business in most countries. The reason why countries treat this business specially is to safeguard the public interest, that is, to ensure that the victims of road traffic accidents can get effective economic compensation. Therefore, automobile insurance is the best way to protect drivers' personal rights and interests.
Baidu encyclopedia-motor vehicle insurance
China People's Insurance Company official website-About PICC.