At present, the top five insurance companies (Chinese-funded) in China are:

1. PICC China PICC:

China People's Insurance Group Co., Ltd. (hereinafter referred to as PICC China) is a comprehensive insurance (financial) company, one of the top 5 in the world, and one of the largest insurance companies in the world at present, with a registered capital of 3,. The company logo is English PICC.

At present, it owns more than ten professional subsidiaries such as PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Huawen Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, China Broker, Zhongyuan Broker and PICC Property, and China PICC also holds 32.35% of the shares of China Credit Trust. Wu Yan, the first chairman and president after the share reform. Fortune Global 5 ranked 256th in 213.

2. PINGAN China Ping 'an:

China Ping 'an Insurance (Group) Co., Ltd. (hereinafter referred to as "China Ping 'an", "Ping 'an", "Company" and "Group") was born in Shekou, Shenzhen in 1988. It is the first joint-stock insurance enterprise in China, and has developed into an integrated, compact and integrated financial business including financial insurance, banking and investment.

In June 217, the "Top 1 BrandZ Most Valuable Global Brands in 217" was published, and China Ping An ranked 61st; On July 31st, the Fortune China 5 list was released, and China Ping An Insurance (Group) Co., Ltd. ranked fifth. In September 218, China Ping An Insurance (Group) Co., Ltd. ranked sixth among the top 5 Chinese enterprises in 217, up two places from 217. In 218, the Fortune Global 5 ranked 29th.

3. PIC China Pacific Insurance:

China Pacific Insurance Company is a joint-stock insurance enterprise established by Bank of Communications in 1991 with the approval of Yinfu [1991] No.149 of the People's Bank of China. The company was incorporated in the State Administration for Industry and Commerce on May 13, 1991 with a registered capital of 1 billion yuan. After capital increase, separation and re-standardization in 1995, on August 31, 21, with the approval of CIRC [21] No.239, China Pacific Insurance Company was standardized as a joint stock limited company according to the Company Law and the Insurance Law, and was renamed as "China Pacific Insurance (Group) Co., Ltd.".

On October 24th, 21, the Company went through the re-registration formalities with the State Administration for Industry and Commerce, with a registered capital of 2.6 billion yuan; After the capital increase again in 22, the introduction of foreign investors and the capital increase in 27, on May 17th, 27, the CIRC agreed to change the registered capital of the Company to 6.7 billion yuan. On June 4, 27, the Company renewed the Business License of Enterprise as a Legal Person, and the registered capital was changed to 6.7 billion yuan.

In May p>27, CPIC Group increased its capital to CPIC Life Insurance and CPIC Property Insurance respectively, and the registered capital of CPIC Life Insurance and CPIC Property Insurance increased to 2.3 billion yuan and 2.688 billion yuan respectively. Taibao Group holds 97.83% shares of Taibao Life Insurance and 98.14% shares of Taibao Property Insurance.

4. TAIKANG Life Insurance:

In November, 2, Taikang Life Insurance completed the foreign capital offering approved by the State Council and approved by the China Insurance Regulatory Commission.

At present, Taikang Life Insurance has 2 shareholders, among which Chinese shareholders include Sinotrans Changhang Group Co., Ltd., China Guardian International Auction Co., Ltd., China Communications Construction Co., Ltd., CITIC East China (Group) Co., Ltd. and foreign shareholders include famous international financial enterprises such as Swiss Fengtai Life Insurance Company, New Deal TEDA Investment Co., Ltd. and Japan Software Bank Group.

In April p>211, Goldman Sachs signed a contract with Taikang Life Insurance Co., Ltd. to acquire 12.2% equity of Taikang, becoming the second largest shareholder of the company.

5. NCI Xinhua Life Insurance:

New China Life Insurance is the abbreviation of new china life insurance co Co., Ltd., which was established in September 1996 and headquartered in Beijing. It is a large life insurance company. In 211, New China Life Insurance was listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange simultaneously, with the A-share code of 61336 and the H-share code of 1336.

in 213, New China Life Insurance realized insurance business income of RMB 13.64 billion, and the company's total assets reached RMB 565.849 billion, achieving positive growth in premium income and continuing to maintain the top three position in the domestic life insurance industry.

in 214, the company realized the insurance business income of RMB 19.868 billion, and the total assets of the company reached RMB 643.79 billion, realizing the positive growth of premium income, continuing to maintain the position of the top three in the industry, and was shortlisted for the first time in Forbes Global 5 enterprises in 214. In August 216, New China Life Insurance ranked 12nd in the "Top 5 Chinese Enterprises in 216". In 216, New China Life Insurance won the Best Technology Insurance Company Award.

Extended information:

Insurance (or insurance for short), which means safe and reliable protection; Later extended into a security mechanism, a tool for planning life finance, a basic means of risk management under the condition of market economy, and an important pillar of financial system and social security system.

Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer is liable for the compensation for the property losses caused by the possible accidents agreed in the contract, or the insured is liable for paying the insurance premium when he dies, is disabled, falls ill or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a kind of contractual behavior, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system and a "delicate stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.

References: Baidu Encyclopedia-China PICC Baidu Encyclopedia-China Ping An Baidu Encyclopedia-China Pacific Insurance Baidu Encyclopedia-Xinhua Life Insurance Baidu Encyclopedia-Taikang Life Insurance