Cathay Insurance Company Limited

Cathay Pacific Property Insurance Co., Ltd

Cathay Property Insurance Co., Ltd. (hereinafter referred to as Cathay property insurance) was established in August 2008 in Shanghai. It was jointly funded by Cathay Life Insurance Co., Ltd. and Cathay century products Insurance Co., Ltd.

Company profile

Cathay Property Insurance Co., Ltd. (hereinafter referred to as Cathay property insurance) was established in August 2008 in Shanghai. It was jointly funded by Cathay Life Insurance Co., Ltd. (hereinafter referred to as Cathay Life Insurance) and Cathay century products Insurance Co., Ltd. (hereinafter referred to as Cathay Century Property Insurance). It is the first Taiwan funded insurance company in mainland China.

In July 2016, Cathay Pacific introduced ant financial services as a strategic investor.

In August 2016, Zhejiang ant small and Micro Financial Services Group Co., Ltd. (hereinafter referred to as "ant financial services") increased capital by 1 billion yuan to become a shareholder of Cathay Pacific Property Insurance, holding 51% of Cathay Pacific Property Insurance.

In February 2019, Cathay Pacific Property Insurance increased its capital by 1 billion yuan to explore the road of Internet transformation and innovation of traditional insurance companies, continue to improve the ability of product operation and customer service, adhere to focusing on customer demand, actively respond to the construction of "five centers" in Shanghai, upgrade the insurance risk protection function by means of innovative technology, deeply explore the Internet segmentation scene, and serve more small and micro businesses To help the real economy.

Business operation

Mainly include: liability insurance, accident insurance, health insurance, etc.

corporate culture

Cathay Pacific Property Insurance Company takes "let everyone enjoy insurance more simply" as its mission, focuses on customer demand and focuses on serving small and micro businesses. Strive to become a technology insurance company with the best user experience.

address

Cathay Pacific Property Insurance Co., Ltd. is located in Block E, 221 Huangxing Road, Yangpu District, Shanghai, China.

Nature of Business

Since the establishment of Cathay Pacific Property Insurance, its business scope covers the eastern coastal and central and western regions. It has established branches in 11 provinces and cities, including Beijing, Shanghai, Jiangsu, Fujian, Xiamen, Guangdong, Zhejiang, Shandong, Qingdao, Sichuan and Hubei. At the same time, it has also set up an Internet business unit to expand Internet business and explore Internet services including mobile Internet, cloud computing and big data The application of Internet technology in insurance is to explore how to better serve the scenario and fragmented insurance demand generated by the new Internet economy, and focus on innovative and differentiated products and services.

To operate the following insurance businesses in the administrative area of Shanghai Municipality and in the provinces, autonomous regions and municipalities directly under the central government where branch companies have been established: (1) property loss insurance, liability insurance (including compulsory liability insurance for motor vehicle traffic accidents), credit insurance, guarantee insurance and other property insurance businesses; (2) short term health insurance, accident insurance; (3) concurrent insurance agency business（ 4） Reinsurance business of the above business. Except for the compulsory insurance business of motor vehicle traffic accident liability, the company shall not operate any other statutory insurance business.