What is the relationship between PICC International and Taiping Life Insurance?

China Insurance (Holdings) Co., Ltd. is now renamed China Taiping Insurance Group Corporation, which is a state-owned financial insurance group directly under the State Council.

China Insurance International, Taiping Life Insurance, Taiping Pension, Taiping Property Insurance and Taiping Assets are all subsidiaries of China Taiping Group.

China Reinsurance Co., Ltd., now renamed as China Reinsurance Group Company, belongs to four state-owned insurance groups together with China Taiping Group.

The four major state-owned insurance groups are:

China Taiping Insurance Group (established at 1929) (formerly China Insurance Group)

China People's Insurance Group (established at 1949)

China Life Insurance Group (since 1996)

China Reinsurance Group (since 1996)

Among them, China Life Insurance and China Reinsurance are both separated from China People's Insurance Company.