Insurance companies are profit-oriented entities.

An insurance company is an insurer that uses a corporate organizational form, and its business is to operate various insurance businesses.

The insurer in an insurance relationship has the right to collect insurance premiums and establish insurance premium funds.

Moreover, when an insured accident occurs, the insured is obliged to compensate for the economic losses.

Insurance Company A company that sells insurance contracts and covers major risks.

An insurance company is an economic organization that operates the insurance industry.

An insurance company is a commercial insurance company approved by the China Insurance Regulatory Authority and registered in accordance with the law, including direct insurance companies and reinsurance companies.

Expanded content The current "Insurance Law" stipulates that the organizational form of an insurance company shall be a wholly state-owned company or a joint-stock company.

Regarding wholly state-owned insurance companies and joint-stock limited insurance companies, the relevant provisions of my country's Company Law shall apply, unless there are special provisions in the Insurance Law.

Other organizational forms of insurance companies, such as mutual insurance companies, etc., may be separately stipulated by laws and administrative regulations based on the reform and development of the insurance industry.

According to the "Report on the Institutional Structure Reform Plan of the People's Insurance Company of China" approved by the State Council, the People's Insurance Company of China will be transformed into the People's Insurance Company of China (Group) Company (referred to as "China Insurance Group") in order to adapt to the socialist market economy

needs.

After the reconstruction, China Insurance Group has three subsidiaries, namely China Insurance Property Insurance Co., Ltd., China Insurance Life Insurance Co., Ltd. and China Insurance Reinsurance Co., Ltd., which operate property insurance, life insurance and reinsurance business respectively.

China Insurance Group will embody the principle of commercialization, adhere to group operations and implement separate operations.