For those new to insurance, the most confusing thing is which insurance company to choose?

Which is better, a well-known company or a less well-known company?

Senior sister, let me tell you the difference between Ping An Insurance Company of China and Taiping Insurance Company. Let’s see which insurance company is stronger?

Which company's products are more cost-effective?

1. Analysis of the strength of Ping An Insurance Company of China!

Ping An of China was born in 2002 and is a key member of Ping An Insurance (Group) Co., Ltd. of China.

Ping An Life's current registered capital is 33.8 billion yuan, and it has established 42 branches (including 7 telephone sales centers) and more than 3,300 business outlets across the country.

It was once selected into the "Fortune" list of the world's top 500 companies, ranking 16th in it, and ranked second among global financial companies; it was once ranked among the top 2000 global companies in Forbes. In fact, Ping An Insurance Company of China is very powerful ~ I think

To see whether an insurance company is reliable and strong, the solvency indicator is also very important. You can see whether the insurance company can afford to pay the insured amount agreed in the contract.

The China Banking and Insurance Regulatory Commission’s requirements for the solvency of insurance companies are: the core solvency adequacy ratio must be above 50%, the comprehensive solvency adequacy must be above 100%, and the comprehensive risk assessment must be above Category B.

The solvency of an insurance company must meet the above three points to be qualified.

China Ping An Life's solvency report for the third quarter of 2022 tells us that the core solvency adequacy ratio is as high as 140.90%, the comprehensive solvency adequacy ratio is as high as 250.00%, and the comprehensive risk rating is rated BB.

It is not difficult to see that the solvency of Ping An Insurance Company of China has completely reached the qualified line.

If you are interested in Ping An Insurance Company of China, you must not miss this article: "How is Ping An Life, what products are there, which one is better, and what issues are worthy of in-depth analysis?"

》2. Analysis of the strength of Taiping Insurance Company!

Taiping Insurance Group is Taiping. The company was established in 1929 and is the oldest insurance company in my country with a registered capital of 25.26 billion yuan.

The company's equity is mainly in the hands of the Ministry of Finance and the National Council for Social Security Fund, which hold 90% and 10% of the shares respectively. It is a stable state-owned enterprise.

It has many domestic and overseas members, including 26 life insurance companies, property insurance companies, reinsurance companies, etc., with branches at home and abroad. The company once ranked 244th in the Fortune 500.

From Taiping Life's solvency report for the third quarter of 2022, we can know that the core solvency adequacy ratio is as high as 103.13%, the comprehensive solvency adequacy ratio is as high as 206.25%, and the comprehensive risk rating reaches A level.

Looking at it this way, Taiping Insurance is really awesome!

3. Ping An of China and Taiping Insurance, which one is better?

Since Taiping Insurance and Ping An Insurance of China are both very powerful insurance groups, we will compare them from the following three aspects.

1. Comparing the company backgrounds, it is not difficult to see that both insurance companies have strong strength. Pacific Insurance is an insurance group with a long history and relatively good foundation. Although Ping An was established later, its development trend is still good.

However, if you compare the total assets, Ping An of China’s small treasury is significantly higher than that of Taiping Insurance!

2. Comparison of solvency. Judging from the solvency of the two companies, the solvency of Taiping Insurance and Ping An Insurance of China is far beyond the passing line. The solvency of Ping An Insurance of China is better than that of Taiping Insurance. It can be understood that Ping An Insurance

The ability to lose money is stronger.

You no longer need to worry about the strength of insurance companies. As a regulatory agency, the China Banking and Insurance Regulatory Commission strictly supervises the operations of insurance companies, and will also announce to you whether each insurance company has received complaints from customers. Insurance companies are strictly following this

Under the supervision and management, it is difficult to fix anything.

3. China Ping An and Taiping product competition!

In a duel between companies, it’s not enough to just compare funds, the main thing is protection!

Will the products of a well-known company crush others?

Let me compare the main products of these two companies.