According to the existing claims data for 2022, Huaxia Insurance Company ranks 18th, with a claim amount of 1.086 billion yuan and a number of 71,400 claims, which shows its good strength.
If you want to know more about China Insurance, you can’t miss this article by my senior sister: Is China Insurance reliable?
You need to know these things!
So in the following time, the senior sister will introduce "China Insurance" to you. Without further ado, let's get straight to the practical information!
1. Company Background Huaxia Insurance was established in December 2006. It is a national, joint-stock life insurance company approved by the China Banking and Insurance Regulatory Commission. It has a registered capital of 15.3 billion yuan and is headquartered in Beijing. It currently has 24 branches
Directly affiliated branches, there are a total of 673 branches (including bank branches), with a workforce of nearly 180,000.
Listed on the Fortune Global 500 list for two consecutive years.
As of the end of January 2023, the company's cumulative total premiums were 44.23 billion yuan, ranking fifth in the market.
So what standards do we need to judge how good an insurance company is? My sister has helped you sort it out in this article: When we look at an insurance company, what should we look for?
2. Solvency The China Banking and Insurance Regulatory Commission stipulates the solvency of insurance companies: core solvency adequacy ratio ≥50%, comprehensive solvency adequacy ratio ≥100% and comprehensive risk rating ≥B level.
As long as the above three requirements are met, it is a company with solvency standards.
Judging from the data of Huaxia Insurance in the first quarter of 2020, its core solvency adequacy ratio and comprehensive solvency adequacy ratio were 113.87% and 130.26% respectively. However, the latest risk rating was not shown in the disclosure report.
Judging from the current situation, some of Huaxia Insurance's solvency indicators have reached the passing line stipulated by the China Banking and Insurance Regulatory Commission. It is a trustworthy company. You don't have to worry about the problem of being unable to settle claims.