Dear, there are five major insurance companies in China.

They are:

(1) China Life

(2) Ping An of China

(3) Pacific Insurance

(4) PICC PICC

(5) New China Insurance Company.

Insurance company model: An insurer that adopts the form of a company organization to operate insurance business. The insurer in an insurance relationship has the right to collect insurance premiums and establish insurance premium funds. At the same time, when an insured accident occurs, the insured is obliged to compensate for the economic losses. An insurance company is a company that sells insurance contracts and provides risk protection. Insurance companies refer to economic organizations that operate the insurance industry. Insurance companies refer to commercial insurance companies established with the approval of the China Insurance Regulatory Authority and registered in accordance with the law, including direct insurance companies and reinsurance companies.

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