China People's Insurance (Group) Co., Ltd.: China People's Insurance (Group) Co., Ltd. is a comprehensive insurance (financial) company and one of the largest insurance companies in the world, belonging to the central financial enterprise. The People's Insurance Company of China owns 65,438+00 companies including China People's Property Insurance Co., Ltd., China People's Insurance Asset Management Co., Ltd., China People's Health Insurance Co., Ltd., China People's Life Insurance Co., Ltd., China Chengxin Trust Co., Ltd., PICC Investment Holding Co., Ltd., PICC Capital Investment Management Co., Ltd., PICC Financial Services Co., Ltd., PICC Reinsurance Co., Ltd., China People's Pension Insurance Co., Ltd. and China People
2. China Life Insurance (Group) Company: China Life Insurance (Group) Company was established in 1996 and is a central financial enterprise. Its predecessor was China People's Insurance Company, which was established in 1949. The main business scope of China Life Insurance includes life insurance, health insurance, accident insurance and other kinds of life insurance business, such as renewal fee, insurance payment, insurance service and reinsurance business. Holding or participating in domestic and foreign insurance companies or other financial and insurance institutions; Capital utilization business permitted by national laws and regulations; Capital utilization business approved by the State Council; Other businesses approved by the insurance regulatory agency;
3. China Export Credit Insurance Corporation: China Export Credit Insurance Corporation officially opened on February 8, 2006. It is the only policy insurance company in China, one of the four major policy financial institutions in China and a central financial enterprise. The main tasks of China Export Credit Insurance Corporation are to actively cooperate with China's foreign affairs, foreign trade, industry, finance and other relevant policies, support the export of goods, technologies and services, especially the export of capital goods such as high-tech and high-value-added mechanical and electrical products, support the overseas investment of Chinese enterprises, provide foreign exchange risk protection for enterprises to explore overseas markets, and provide export financing, information consultation, accounts receivable management and related services for foreign trade enterprises.
4. China Taiping Insurance (Group) Company: China Taiping Insurance (Group) Company was founded in 1982, 13, and can be traced back to Taiping Fire and Water Insurance Company founded in June 1929. China Taiping Insurance is the first multinational financial insurance group company in China. It is a central financial enterprise, and its main business scope includes investment and insurance. Supervise and manage investment enterprises; Use of funds permitted by laws and regulations.
Insurance companies are commercial organizations specializing in insurance business. The main functions of an insurance company are to collect insurance premiums, establish insurance funds, and make economic compensation to the insured when the circumstances stipulated in the insurance contract occur. Insurance companies can provide various types of insurance services, including property insurance, life insurance and liability insurance. Insurance companies can also engage in reinsurance business, that is, accept insurance business subcontracted by other insurance companies.