There are four insurance companies in China that are state-owned and state-owned enterprises. The four state-owned insurance companies are China People's Insurance (Group) Co., Ltd., China Export Credit Insurance Corporation, China Life Insurance (Group) Company and China Taiping Insurance (Group) Company.
1. China People's Insurance Company Limited
Founded in 1949, it is a comprehensive insurance (financial) company, one of the top 500 insurance companies in the world and one of the largest insurance companies in the world. Is a central financial enterprise with a registered capital of 424239058 yuan, which is a very powerful company in the global insurance industry. The company's logo is English PICC.
It owns more than ten professional subsidiaries such as PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Wenhua Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Huaxia Broker, Zhongyuan Broker and PICC Property Insurance. China PICC also holds a 32.35% stake in China Credit Trust.
2. China Export Credit Insurance Corporation
It is the only policy insurance company in China that undertakes export credit insurance business. 200 1 and 18 were officially unveiled on February 8. At present, it has 15 functional departments, including the business department of the head office, 18 branches and 6 business management departments. It has formed a nationwide service network and set up representative offices in London, England, Russia and Russia.
3. China Life Insurance Company Limited
It is a state-owned super-large financial and insurance enterprise, headquartered in Beijing, one of the top 500 enterprises in the world and one of the top 500 Chinese brands, belonging to the central financial enterprise. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999.
In 2003, with the consent of the State Council and the approval of the China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company, covering life insurance, property insurance, pension insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and participating in many other financial and non-financial institutions such as banks and securities companies through capital operation.
4. China Taiping Insurance Company Limited
China Taiping Insurance Group Co., Ltd. is the first multinational financial insurance group company in China. Its brand has a long history, which can be traced back to Taiping Fire and Water Insurance Company founded by 1929, China Insurance Company Limited founded by193/kloc-0 and Hong Kong Min 'an Insurance Company Limited founded by 1949.