China Pacific Property Insurance Company Limited

China Pacific Property Insurance Co., Ltd

China Pacific Property Insurance Co., Ltd

(hereinafter referred to as "Pacific Property Insurance") is a professional subsidiary of China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific Insurance"), which provides comprehensive property insurance products and services for customers.

On February 25, 2021, the CPC Central Committee and the State Council decided to award China Pacific Property Insurance Co., Ltd. the title of "national advanced group for poverty alleviation".

Company profile

China Pacific Property Insurance Co., Ltd

In accordance with the requirements of separate operation of property and life insurance, based on the property insurance business of China Pacific Insurance Company established in April 1991, it is controlled by China Pacific Insurance (Group) Co., Ltd. and jointly invested by Shenneng (Group) Co., Ltd., Shanghai state owned Assets Management Co., Ltd., Shanghai Tobacco (Group) Co., Ltd. and Yunnan Hongta Group Co., Ltd. in 2001 It was formed.

Time of establishment and registered capital

The company was registered on November 9, 2001, with its headquarters in Shanghai and a registered capital of 9.5 billion yuan.

Shareholder profile

The shareholders of China Pacific Property Insurance Co., Ltd. include China Pacific Insurance (Group) Co., Ltd., Shenneng (Group) Co., Ltd., Shanghai state owned Assets Management Co., Ltd., Shanghai Tobacco (Group) Co., Ltd. and Yunnan Hongta Group Co., Ltd

Business scale

scope of business

Property loss insurance, liability insurance, credit insurance and guarantee insurance; short term health insurance and accidental injury insurance; reinsurance business of the above businesses; insurance fund utilization business permitted by national laws and regulations; other businesses approved by CIRC. The company's underwriting business covers aerospace, electric energy, petrochemical, infrastructure and financial trade, ships and automobiles, mechanical equipment, electronic communications, warehousing and logistics, textile and tobacco, scientific and technological innovation and other industries and fields.

service network

The company has 1785 branches in 28 provinces, autonomous regions and municipalities directly under the central government, and has a perfect insurance network. The company has more than 26000 employees. The company has engaged insurance inspection, claim settlement and recovery agents in more than 170 major port cities in more than 100 countries and regions, and has established agency relations and business relations with a number of insurance companies, reinsurance companies and relevant institutions at home and abroad.

Premium scale

The annual premium income of Pacific Property Insurance is as follows:

Top 10 premium income of insurance companies in 2012:

management idea

With the core values of "integrity, stability and excellence", PICC actively provides risk protection services for its customers. The company has 40 branches nationwide, more than 2100 central branches, branches, sales departments and marketing service departments, as well as a direct sales team including more than 10000 sales representatives.

Enterprise cooperation

In March 2011, China Pacific Property Insurance Co., Ltd. signed an agreement with French credit insurance company Euler Anyi, marking that the two companies will fully cooperate in the development of credit insurance products, business management and market development.

Social welfare

China Pacific Insurance announced to donate 5 million yuan to Ya'an earthquake stricken area

On the afternoon of April 20, 2013, after the Ya'an earthquake, China Pacific Insurance announced to donate 5 million yuan to the Ya'an earthquake stricken area for emergency rescue work.

Company honor

Several projects of Pacific Insurance won the outstanding achievement award of Shanghai financial reform and development in 2012

On May 28, 2013, the "2012 Shanghai financial industry reform and development outstanding achievement award" held by Shanghai Financial Industry Federation was announced. Nine projects of Pacific Insurance Group won the award. Among them, "Pacific Insurance Auto Insurance intelligent claim verification system" and "accelerating the development of supplementary pension as a breakthrough to promote the sustainable development of Shanghai multi-level pension security system" won the first prize, "practical exploration of business solutions of insurance group decision support system", "Research on the investment and operation of Shanghai Pension Reserve Fund" and "further broaden the scope of enterprises" Annuity fund investment channels: Inspiration from the investment trends of pension funds at home and abroad, three projects won the second prize, and four projects won the third prize, including the construction of salesperson integrity system.

On September 20, 2019, the announcement of advanced individuals and advanced units of the national poverty alleviation award in 2019 issued by the national poverty alleviation award selection and commendation office was announced as the winner of the "organizational innovation award of advanced units of the national poverty alleviation award in 2019".

On February 25, 2021, the CPC Central Committee and the State Council decided to award China Pacific Property Insurance Co., Ltd. the title of "national advanced group for poverty alleviation".