Taiping Insurance, a state-owned enterprise under China Insurance Group, was founded in Shanghai in 29 years (formerly known as Taiping Fire and Water) and later moved overseas. Its subsidiaries include Taiping Life Insurance, Taiping Assets, Taiping Pension, and 0 1 returned to China to resume business, ranking sixth in China insurance industry in just a few years.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.