China Pacific Insurance Company

Not to be confused with China Taiping Insurance Holdings, which has a similar Chinese name.
China Pacific Insurance (Group)
  • China Pacific Insurance
  • China Pacific Insurance Company
  • CPIC
Native name
中国太平洋保险(集团)股份有限公司
FormerlyChina Pacific Insurance Corporation
Company typePublic
IndustryFinancial services
Founded1991; 33 years ago (1991)
Headquarters
Shanghai
,
China
Area served
China
Key people
Kong Qingwei(chairman & executive director)
Huo Lianhong(executive director)[1]
Zhang Yuhua(deputy president)
ServicesLife and non-life insurance
RevenueIncrease CN¥247.0 billion (2015)
Increase CN¥24.3 billion (2015)
Increase CN¥17.8 billion (2015)
Total assetsIncrease CN¥923.8 billion (2015)
Total equityIncrease CN¥133.3 billion (2015)
Owner
Central Government of China(23.05%)
Shanghai Government(21.33%)
China Securities Finance(2.36%)
Websitecpic.com.cn
Footnotes / references
in a consolidated basis[2]
China Pacific Insurance (Group) Co., Ltd.
Simplified Chinese中国太平洋保险(集团)股份有限公司
Traditional Chinese中國太平洋保險(集團)股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó tàipíngyáng bǎoxiǎn (jítuán) gǔfèn yǒuxiàn gōngsī
Pacific Insurance
Simplified Chinese太平洋保险
Traditional Chinese太平洋保險
Transcriptions
Standard Mandarin
Hanyu Pinyintàipíngyáng bǎoxiǎn
Second alternative Chinese name
Simplified Chinese中国太保
Traditional Chinese中国太保
Transcriptions
Standard Mandarin
Hanyu Pinyintàibǎo

China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 approved by the People's Bank of China. Its headquarters is in Shanghai.[3]

CPIC Group is the second largest property insurance company (after People's Insurance Company of China) and the third largest life insurance company (after China Life Insurance and Ping An Insurance) in Mainland China.[4] It provides integrated insurance services, including life insurance, property insurance and reinsurance, through its subsidiaries.[5]

The company offers life and property insurance products and services through its subsidiaries, China Pacific Life Insurance Co., Ltd and China Pacific Property Insurance Co., Ltd., respectively. Through its subsidiary China Pacific Asset Management Co., Ltd, the company is also involved in the management, provision of consulting services relating to asset management[6] and operation of insurance assets. The company's property insurance products include car insurance, insurance of family's properties, liability insurance, investment type insurance and accident insurance/injury insurance, while its life insurance products include endowment insurance, health insurance, juvenile assurance, insurance cover services and petty insurance.

  1. ^ "ANNOUNCEMENT ON CESSATION OF PRESIDENT" (PDF). China Pacific Insurance. 22 August 2017. Retrieved 29 August 2017 – via Hong Kong Stock Exchange.
  2. ^ "2015 Annual Report" (PDF). China Pacific Insurance. archive of Hong Kong Stock Exchange. 27 April 2016. Retrieved 20 October 2016.
  3. ^ Profile of China Pacific Insurance (Group) Co., Ltd[permanent dead link]
  4. ^ China Pacific Insurance Releases Prospectus for A-share IPO
  5. ^ Summary of China Pacific Insurance Group
  6. ^ "Stocks". www.bloomberg.com. Retrieved 2019-03-05.