Top 10 Insurance Companies in China

Insurance can provide protection for people’s personal safety and property safety. Chinese people’s insurance awareness is getting stronger and stronger, so it has also created a rapid development of the insurance industry. Let me introduce you to the top 10 insurance companies in China.

1.China Life 中国人寿

Insurance Companies in China-China Life
China Life Insurance (Group) Co., Ltd. is a state-owned large-scale financial insurance company. It is headquartered in Beijing, a Fortune 500 company and a top 500 Chinese brand. It is a central financial enterprise. The business scope covers life insurance, property insurance, pension insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce, etc., and participates in other financial and non-financial businesses such as banks and securities companies through capital operation. mechanism.
China Life Insurance (Group) Co., Ltd. and its subsidiaries constitute China’s largest state-owned financial insurance group. In 2013, the total premium income reached 386.8 billion yuan, the domestic life insurance business market share was 31.6%, and the total assets reached 2,477.1 billion yuan. It is one of the largest institutional investors in China’s capital market. He has been selected as the Fortune Global 500 for the 13th consecutive year, ranking 54th. He has been ranked among the world’s top 500 brands for 7 consecutive years. He is ranked 237th and was selected as one of the Top 500 Chinese Brands of China Brand Value Research Institute. After the simultaneous listing in New York and Hong Kong in December 2003, the life insurance company returned to the domestic A-share market in January 2007, becoming the “insurance first stock” in the mainland capital market and the first in the world in New York, Hong Kong and The insurance companies listed in Shanghai have become the world’s largest listed life insurance companies by market value. In August 2016, China Life Insurance (Group) Co., Ltd. ranked 12th among the top 500 Chinese companies in 2016. It ranked 42nd in the Fortune Global 500 in 2018. On November 30, 2018, it won the “2018TOP Financial List Selection – The Best Life Insurance Company of the Year”.

2.China PingAn 中国平安

Insurance Companies in China-China PingAn
China Ping An Insurance (Group) Co., Ltd. was born in Shekou, Shenzhen in 1988. It is the first joint-stock insurance company in China. It has developed into an integrated, close and diversified integrated financial system integrating financial and insurance, banking, investment and other financial services. Service group.
In June 2017, “BrandZ Most Valuable Global Brands 2017” announced that China Ping An ranked 61st; on July 31, Fortune China Top 500 list was released, China Ping An Insurance (Group) Co., Ltd. Ranked fifth. In September 2018, China Ping An Insurance (Group) Co., Ltd. ranked sixth among the top 500 Chinese companies in 2017, and rose two more in 2017. Ranked 29th in the Fortune Global 500 list in 2018.
In December 2018, the “2018 World Brand Top 500” compiled by the World Brand Lab was announced, and China Ping An ranked 179th.

3.China Pacific Insurance 中国太平洋保险

Insurance Companies in China-China Pacific Insurance
China Pacific Insurance, also known as Pacific Insurance, was formerly known as China Pacific Insurance Company. It was established on May 13, 1991 and is a national joint-stock commercial insurance company approved by the People’s Bank of China. Pacific Insurance is the second largest property insurance company in mainland China, second only to China Property Insurance, and one of the three largest life insurance companies. It operates diversified insurance services, including life insurance, property insurance, etc.
In August 2016, China Pacific Insurance ranked 52nd in the “2016 China Top 500 Enterprises”. On July 19, 2018, the 2018 Fortune Global 500 list was released, and China Pacific Insurance ranked 220.

4.PICC 中国人保

Insurance Companies in China-PICC
China People’s Insurance Group Co., Ltd. (China Insurance) is a comprehensive insurance (finance) company, one of the world’s top 500 companies. It is one of the world’s largest insurance companies, a central financial enterprise with a registered capital of 30.6 billion yuan. The RMB is a very strong company in the global insurance industry. The company logo is English PICC.
As of 2013, it has more than 10 majors including PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Huawen Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, China Merchants, Zhongyuan Brokerage and PICC Property. Subsidiary, PICC also holds a 32.35% stake in China Credit. The business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trusts, funds and other fields, forming an insurance financial industry cluster with far-reaching influence at home and abroad. Ranked 292th in the 2012 Fortune Global 500 rankings. In August 2016, China People’s Insurance Group Co., Ltd. ranked 24th among the top 500 Chinese companies in 2016. It ranked 117th in the Fortune Global 500 list in 2018.

5.NCI 新华保险

Insurance Companies in China-NCI
Xinhua Insurance is the abbreviation of Xinhua Life Insurance Co., Ltd. It was established in September 1996 and is headquartered in Beijing. It is a large life insurance company. In 2011, Xinhua Insurance was listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
In 2013, Xinhua Insurance achieved an insurance business income of RMB 103.64 billion. The company’s total assets reached 565.489 billion yuan, achieving a positive growth in premium income and continuing to maintain its top three position in the domestic life insurance industry. In 2014, the company realized insurance business income of RMB 109.868 billion. The company’s total assets reached 643.709 billion yuan, realizing the positive growth of premium income, and continued to maintain the top three positions in the industry. In 2014, it was first listed in the Forbes Fortune 500 companies. In August 2016, Xinhua Insurance ranked 102nd in the “2016 China Top 500 Enterprises”. In 2016, Xinhua Insurance won the “Best Technology Insurance Company Award”.

6.TaiKang泰康保险

Insurance Companies in China-TaiKang
Taikang Life Insurance Co., Ltd. is a national, joint-stock life insurance company established on August 22, 1996 with the approval of the head office of the People’s Bank of China. The company is headquartered in Beijing.
In November 2000, Taikang Life Insurance fully completed the foreign fundraising work approved by the State Council and approved by the China Insurance Regulatory Commission. In April 2011, Goldman Sachs Group signed a contract with Taikang Life Insurance Co., Ltd. to acquire a 12.02% stake in Taikang and become the company’s second largest shareholder.
On July 27, 2016, the US Securities and Exchange Commission announced that Taikang Life Insurance had acquired a stake of 13.52% of the auction house giant Sotheby’s and became the largest shareholder of Sotheby’s.
In August 2016, Taikang Life Insurance ranked 114th among the “2016 China Top 500 Enterprises”. On November 30, 2018, it won the “2018TOP Financial List Selection – The Best Life Insurance Company of the Year”.

7.AIA 友邦保险

Insurance Companies in China-AIA
AIA is a wholly-owned subsidiary of American International Assurance Co., Ltd. (“AIA”), a wholly owned subsidiary of American International Group (AIG). It was founded in Shanghai in 1919 and has served customers in Asia for over a hundred years. . In 1931, the business expanded to Hong Kong, China.

8.China Taiping Life 中国太平

Insurance Companies in China-China Taiping Life
Guotaiping Insurance Group Co., Ltd. is the first multinational financial insurance group company in China. Its brand history has a long history. It can be traced back to Taiping Water and Fire Insurance Company founded in 1929, China Insurance Company Co., Ltd. founded in 1931 and established in 1949. Hong Kong Min An Insurance Co., Ltd.
China Taiping Insurance Group Co., Ltd., referred to as “China Taiping”, was founded in Shanghai in 1929. It is a national insurance brand with a long history in China. It is also the only centrally-managed financial institution headquartered in Hong Kong. It is the first insurance industry in China. Chinese-funded insurance companies listed overseas [3].
In 2000, China Taiping Insurance Holdings Co., Ltd. was listed on the Hong Kong Stock Exchange. In 2011, China Taiping was included in the management of the Central Organization Department. In 2013, China Taiping completed the restructuring and restructuring and the overall listing. On July 19, 2018, China Taiping entered the Fortune Global 500 and became the world’s top corporate club.

9.Sunshine Insurance 阳光保险

Insurance Companies in China-Sunshine Insurance
Established in July 2005, Sunshine Insurance is a national insurance company mainly engaged in property insurance business with a registered capital of 3.18 billion yuan, 36 branches opened and operated, more than 1,000 third- and fourth-level branches, and more than 3,600 customers. 10,000, the accumulated compensation of 28.8 billion yuan.
Sunshine Life Insurance was established in December 2007. It is a national professional life insurance company mainly engaged in life insurance business such as life insurance, health insurance and accident insurance. The registered capital is 9.171 billion yuan, and 30 secondary institutions are operating and operating. There are more than 600 four-level branches.
In September 2017, Sunshine Insurance Group ranked 182th among the “Top 500 Chinese Enterprises in 2017”.
In September 2018, Sunshine Insurance Group ranked 176th among the “Top 20 Chinese Enterprises in 2018”.

10.Funde Sino Life 富德生命人寿

Insurance Companies in China-Funde Sino Life
Funde Sino Life is a national professional life insurance company shareholder consisting of Shenzhen Fude Financial Investment Holdings Co., Ltd. and other domestic and foreign capital-rich enterprises. With the continuous injection of domestic funds, Chinese capital has reached 96%. As of 2011, the registered capital reached 11.752 billion yuan, making it one of the strongest life insurance companies in China.
Funde Sino Life products cover medical care, pensions, major illnesses, accidental injuries, dividends, investment connections, and universal insurance.

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