The most convenient way to understand the insurance industry is to know the leading enterprises in the insurance industry. The insurance industry in China has experienced many ups and downs. In the past twenty years, it has even shined brilliantly. After decades of wind and rain, there are many factions and elites, competing for rivers and lakes, just like an epic masterpiece. Below we will introduce several typical companies in detail, in no particular order.
I. China Life Insurance
China Life Insurance (Group) Company and its subsidiaries constitute the largest commercial insurance group in China, an insurance group with assets exceeding one thousand in the domestic sense, and one of the largest institutional investors in China capital market.
1. Organizational structure
China Life Insurance is composed of China Life Insurance (Group) Company, as well as its subsidiaries and directly affiliated institutions. These include: China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd. and China Life E-Commerce Co., Ltd.? China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd., Insurance Vocational College, etc. For the income insurance issues such as pension education funds, I just sorted out the relevant contents, hoping to help you: the latest list! Eight high-yield education insurance rankings
2. Business types
China Life Insurance Company includes life insurance. Property insurance. Endowment insurance, overseas insurance, alternative investment, education and scientific research, etc.
ii. China ping an
China Ping An Life Insurance Company of China insurance co., ltd. was established in 22. It is an important member of China Ping An Insurance (Group) Co., Ltd.. Judging from the scale premium, it is currently the second largest life insurance company in China. On November 3, 218, it was awarded the "218TOP Financial List–Best Life Insurance Company of the Year".
1. Organizational structure
China Ping An Life Insurance Company of China Insurance Co., Ltd. (hereinafter referred to as "Ping An Life Insurance Company of China"), China Ping 'an Property Insurance Co., Ltd. (hereinafter referred to as "Ping 'an Property Insurance"), Ping 'an Pension Insurance Co., Ltd., Ping 'an Asset Management Co., Ltd., Ping 'an Health Insurance Co., Ltd. Ping An Trust and Investment Co., Ltd. (hereinafter referred to as "Ping An Trust") Shenzhen Ping An Bank. Ping An Securities Co., Ltd. is controlled by Ping An Trust, China Ping An Insurance (Hong Kong) Co., Ltd. is controlled by Ping An Overseas, and China Ping An Asset Management (Hong Kong) Co., Ltd.
2. Business Type
The main business scope of China Ping An Insurance Company includes insurance, banking and investment. Including Ping An Life Insurance Company of China, Ping An Securities, Ping An Bank, Ping An Health Insurance, Ping An Small Consumer Credit, Ping An Asset Management, Ping An Pension Insurance, Ping An Credit, Ping An Property Insurance, etc. Its businesses include: credit card business, consumer credit, trust and investment, securities fund, asset management, property insurance, endowment insurance, life insurance, health insurance, automobile insurance, etc.
III. Pacific Insurance
China Pacific Insurance (A shares: 6161, H shares: 261), also known as Pacific Insurance, formerly known as China Pacific Insurance or Pacific Insurance. In 21, the former China Pacific Insurance Company was renamed as "China Pacific Insurance (Group) Co., Ltd." according to the reply of China the State Council and China Insurance Regulatory Commission on the institutional reform of separate operations. Taibao is the second largest property insurance company in Chinese mainland, second only to China Property Insurance, and one of the three largest life insurance companies.
1. Organizational structure
China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific Insurance") is an insurance group company established on the basis of China Pacific Insurance Company established on May 13, 1991, with its headquarters in Shanghai. Its subsidiaries are Pacific Life Insurance Company, Pacific Property Insurance Company, Pacific Asset Management Company, Pacific Insurance Hong Kong Company, China Pacific Insurance Investment Management Company and Yangtze River Pension Insurance Company
2. Business Type
It operates diversified insurance services, including life insurance, property insurance and so on. In August 216, China Pacific Insurance ranked 52nd in the "Top 5 Chinese Enterprises in 216". ? On July 19, 218, the Fortune Global 5 list was released in 218, and China Pacific Insurance ranked 22th.
IV. People's Insurance Company of China
People's Insurance Company of China (PICC P&; C, referred to as "China PICC" for short, is the largest property insurance company in Asia with the approval of the State Council and the approval of the China Insurance Regulatory Commission, which was initiated and established by the People's Insurance Company of China in July 23 with a registered capital of 12,255.98 million yuan. Its predecessor was the People's Insurance Company of China, which was approved by the People's Bank of China on October 2th, 1949 and reported to the Finance Committee of the State Council. Fortune 5 companies.
on September 28th, 218, China Securities Regulatory Commission issued an announcement and approved the initial application (IPO) of China People's Insurance Group Co., Ltd. according to legal procedures? On November 16th, China People's Insurance Group Co., Ltd. was listed on the Shanghai Stock Exchange
1. Organizational structure < P > By 213, it owned more than ten professional subsidiaries, including 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 held 32 credit trusts.
2. Business type
The business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust, funds and other fields, forming an insurance financial industry cluster with far-reaching influence at home and abroad. In 212, the Fortune Global 5 ranked 292nd. In August 216, China People's Insurance Group Co., Ltd. ranked 24th among the top 5 Chinese enterprises in 216. In 218, the Fortune Global 5 ranked 117th.
V. China Taiping
China Taiping Insurance Group Co., Ltd., hereinafter referred to as "China Taiping"? . Founded in Shanghai in 1929, it is a national insurance brand with a long history in China. It is also the only Chinese-funded financial institution headquartered in Hong Kong. It is the first Chinese-funded insurance enterprise listed overseas in China insurance industry.
In p>2, China Taiping Insurance Holdings Limited was listed on the Hong Kong Stock Exchange? . In 211, China Taiping was included in the management of the Central Organization Department. In 213, China Taiping completed restructuring and overall listing simultaneously? . On July 19th, 218, China Taiping entered the Fortune Global 5 with high quality. 1. Organizational structure
24 subsidiaries managed by China Taiping? There are 12 domestic and overseas subsidiaries? There are more than 2, business organizations at all levels, and their business areas involve China Mainland, China Hongkong, China Macau, North America, Europe, Oceania, East Asia and Southeast Asia and other countries and regions, Taiping Life Insurance Co., Ltd., Taiping Property Insurance Co., Ltd., Taiping Pension Insurance Co., Ltd., Taiping Asset Management Co., Ltd., Taiping Investment Holdings Co., Ltd., Taiping Financial Services Co., Ltd., Taiping Pension Industry Management Co., Ltd., Taiping Petrochemical Financial Leasing Co., Ltd., and Taiping Reinsurance (Taiping
2. Type of business
China Taiping's business scope covers life insurance, property insurance, endowment insurance, reinsurance, reinsurance brokers and insurance agents, internet insurance, asset management, securities brokerage, financial leasing, real estate investment, pension industry investment and other fields, and provides customers with one-stop comprehensive financial insurance services
VI. AIA
AIA's full name is American International Assurance Company Limited ("AIA" In 1931, the business expanded to China and Hongkong. We have served customers in Asia for more than 7 years.
1. AIA China
AIA's development in Chinese mainland began in 1992, and in the same year, it set up a branch in Shanghai, which was the first life insurance company in China to obtain a wholly-owned operating license. At present, AIA's business scope in Chinese mainland has expanded to Beijing, Shenzhen, Guangdong and Jiangsu provinces. As the first insurance company to introduce the insurance salesman system into China, AIA has established a professional insurance salesman team and provided customers with a series of life insurance, personal accident insurance and medical insurance products through diversified sales channels.
2. Company Department Settings
AIA China has seven branches in China, including AIA Shanghai Branch, AIA Guangdong Branch, AIA Shenzhen Branch, AIA Beijing Branch, AIA Jiangsu Branch, AIA Dongguan Branch and AIA Jiangmen Branch.
VII. New China 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 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 insurance business income of RMB 19.868 billion, and the company's total assets reached RMB 643.79 billion, achieving positive growth in premium income, continuing to maintain its position as the top three in the industry, and was shortlisted for the first time in Forbes Global 5 enterprises in 214.
1. Organizational structure
New China Life Insurance has established an institutional network covering all provinces, municipalities and autonomous regions and diversified sales channels, and is committed to providing customers with convenient and high-quality life insurance services. By the end of 213, New China Life Insurance had 35 provincial branches, 246 prefecture-level central branches, 55 branches, 774 marketing service departments and 21 business departments, forming diversified sales and service channels including personal agents, bank agents and various innovative channels.
2. Business scope
Personal insurance in RMB and foreign currency (including all kinds of life insurance, health insurance and accidental injury insurance): insurance agent, inspection and claim settlement for domestic and foreign insurance institutions; insurance consultation: fund utilization in accordance with relevant laws and regulations.
3. Latest information
On October 18, 218, the document No.1 [218] published by China Banking and Insurance Regulatory Commission website showed that new china life insurance co Co., Ltd. (Xinhua Life Insurance, 61336.SH) had illegal acts, such as deceiving the insured, compiling and providing false information, and failing to use the approved or filed insurance rates according to regulations, and was fined a total of 1.1 million yuan. Ten responsible persons were fined a total of 1.11 million yuan
VIII. Taikang Insurance
Taikang Life Insurance Co., Ltd. is a national and joint-stock life insurance company approved by the head office of the People's Bank of China on August 22, 1996, and its headquarters is located in Beijing. On July 27th, 216, the Securities and Futures Commission of the United States announced that Taikang Life Insurance took a 13.52% stake in Sotheby's, the auction house giant, and became the largest shareholder of Sotheby's from the beginning? In August 216, Taikang Life Insurance ranked 114th in the "Top 5 Chinese Enterprises in 216". ? On November 3, 218, it was awarded the "218TOP Financial List–Best Life Insurance Company of the Year".
1. Organizational structure
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
2. Products cover children, women, medical care, pension major diseases, accidental injuries, dividends, investment, universal insurance and so on.
The above eight insurance companies are typical representatives of the insurance industry and are also called "big companies" by ordinary people. Many people often use "size" to distinguish insurance companies when choosing products. In fact, this understanding is wrong. Ordinary people's so-called big companies often rely on advertisements and the number of surrounding outlets to judge. The more common companies are Ping An, China Life Insurance, Taikang, PICC and Taiping. These established companies were established earlier, but they are not the only basis for judging the size of the company, because there are still many factors to consider; Annual premium income: background of shareholders, time of establishment, amount of registered capital
Take ICBC-AXA, which many people have never heard of, as an example:
ICBC-AXA, the world's largest bank by market value, the world's largest insurance group, and China Minmetals Group, a fortune 5 company, are working together to build ICBC-AXA.
The company's shareholding structure is: China Industrial and Commercial Bank holds 6%, AXA AXA Group holds 27.5%, and China Minmetals Group holds 12.5%
In the past, when the material conditions were underdeveloped, many people would have the impression that there were no good goods at a low price, which is basically applicable to buying daily necessities such as TV sets and mobile phone toilet paper. However, in the case of symmetrical information, it is very irrational to still measure a product by price or brand. You can't just buy expensive financial products, you must know what you buy, why it is expensive and where it is. If you buy expensive ones with your eyes closed, you will spend a lot of money.
There are nearly 2 insurance companies in China. If you look at them more broadly, you will have a great choice. Many companies will launch cost-effective products. If you don't look at the insurance company brand, there is actually a high probability of selecting cost-effective products.