What is the top China Insurance company ? These are not considered the exceed companies for nothing. It is because they are some of the biggest organizations not lone in China, but in the entire global vitamin a well. With a huge share of the ball-shaped premiums, we can say that the insurance industry in China has grown quite a draw in the last ten or then. sol debauched is the growth of this industry in China such that experts predict that it will surpass that of the USA, which is the ball-shaped drawing card presently, by 2029. many factors contribute to this growth. One of them is government spend and investment in the industry. The growth of the economy has besides brought about a good become for the industry. other factors include large consumer awareness on the need for indemnity. With the economy growing every year, the demand for insurance products in this country can only go higher. By 2017, the industry had underwrite $ 541.45 billion. Quite a emergence there and headed higher. here are the top 10 policy companies driving this growth in China.

here, we will review ten companies only. however, there are more than ten-spot companies driving the indemnity industry in China. even the small ones will become the giants of the future .

1. 中国人寿 China Life Insurance (Group) Company

Top 10 China Insurance Companies | ChinaWhisper Topping our list is the China Life Insurance ( Group ) Company. You will see the reason why. beginning, this is a Fortune 500 company. It is besides listed as one of the top 500 companies in China. For seven years following each other, this company has been ranked among the top 500 brands in the world. To give you a scope of how big this party is, by 2019, this company had sum assets of $ 515 billion. This is quite a growth as compared to the 2013 asset basis of $ 54 billion. This party is besides listed in New York and Hong Kong where it was listed at the like time in 2003. It would by and by return to the domestic A share market in mainland China and would go on to become the largest number life sentence insurance company in the world. In the year 2016, this company would be listed at count 12 in the crown 500 companies in China. In 2018, it was listed as The Best Life Insurance Company of the year. China Life Insurance was founded in 1949. It is 70 % state-owned and its headquarters are in the city of Beijing. Its products are in life sentence and health indemnity and it serves the entire People ’ s Republic of China. official web site : hypertext transfer protocol : //www.chinalife.com.cn/

2. 中国平安 PINGAN Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance PINGAN Insurance Company of China, Ltd. Was founded more than 30 years ago. It offers different indemnity products such as biography and health insurance, asset management, fintech and health technical school, bank and property and fatal accident. With such a wide portfolio, this company has in truth grown over the years. By 2019, it was generating an annual gross of more than $ 180 billion. It had sum assets worth more than $ 1.17 trillion. The company is headquartered in Shenzhen. It is besides listed as count 7 on the Forbes Global 2000. It was besides listed on number 29 on the Fortune Global 500. PINGAN offers a large portfolio of products and services. This alone makes it one of the largest fiscal companies in the world. By 2019, the company had 200 million retail customers and about 600 million internet users. This ship’s company is a publicly listed company. It has close to 190,000 employees. initially, when the caller was started, it offered casualty and place insurance products, but it would later diversify to offer five main products, including engineering and fiscal products. In 2004, PINGAN was listed on the Hong Kong stock exchange. today, this is one of the top 50 companies listed on the Shanghai Stock Exchange. official web site : hypertext transfer protocol : //www.pingan.com/

3. 太平洋保险 CPIC CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

CPIC CHINA PACIFIC INSURANCE China Pacific Insurance ( Group ) Co Ltd. was established in 1991 to offer life sentence and non-life insurance products. nowadays, it is the second base largest indemnity company in China. The largest one is citizenry ’ s Insurance Company of China. It is besides ranked as issue 3 in the number of the exceed life policy companies in China. Headquartered in Shanghai, this company offers diverse types of life indemnity. It besides offers different types of non-life policy products. This is a publicly traded party. It is listed on the Shanghai Stock Exchange for it ’ sulfur A-shares. These are the shares that are traded in local anesthetic currentness. When the company was listed on the SSE, the IPO price per share was 30 Yuan. On the identical first trade day, the share price closed at 48.17 yuan. This caller has three subsidiaries – China Pacific Property Insurance Co., Ltd. and China Pacific Life Insurance Co., Ltd. It offers car insurance, accident insurance, health insurance, junior-grade policy, endowment insurance, injury insurance, indebtedness indemnity, syndicate properties indemnity and many others through its two insurance subsidiaries. however, it besides offers asset management services through another subordinate China Pacific Asset Management Co., Ltd. official web site : hypertext transfer protocol : //www.cpic.com.cn/

4. 中国人民保险集团股份有限公司 PICC The People’s Insurance Company (Group) of China Limited

PICC The People's Insurance Company Established in 1949 by China ’ randomness Government and housed in the China People ’ s Insurance Building in Beijing, this is one of the oldest insurance companies in China. Apart from offering indemnity services and products, it besides offers relate services through its subsidiaries. These are PICC Asset Management, PICC Property and Casualty and PICC Life. This caller and the subsidiaries are listed on the breed exchange. By the end of 2018, PICC had full assets worth RMB 1032 billion and gross of RMB 499 billion. While the company was started as a amply state-owned administration, today, it is 61 percentage state owned. This company covers a wide setting of business that includes Huawen Holdings, PICC Assets, PICC Life Insurance, PICC Health, PICC Investment and many more. Their business besides revolves around brokerage house, funds, trusts and many others. jointly, this wide coverage makes this company a far reaching provider of services in the worldly concern and at home. This company has been listed in the Fortune Global 500 rankings. In 2016, it was ranked at number 24 in the list of the top 500 companies in China and in 2018, it was placed at situation 117 in the Fortune Global 500 Global number. official web site : hypertext transfer protocol : //www.picc.com/

5. 新华保险 NCI NEW CHINA LIFE INSURANCE CO., LTD

NCI NEW CHINA LIFE INSURANCE The New China Insurance Co., Ltd. is besides called New China Insurance. It has its headquarters in Beijing and it was established by the government in 1996 to offer animation policy products. By the time of establish, the chinese politics owned more than 50 percentage of the shares.

This indemnity company was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in 2011. Two years former in 2013, the party would go ahead to attain a occupation income of RMB 103.6 billion. In the lapp year, the total assets of the company reached an impressive RMB565.5 billion. The company has been listed in different categories. For example, in 2016, it was ranked at position 427 in the Fortune Global 500 2016 and Forbes Global 2000 listed the party at stead 297. And that is not wholly because New China Insurance has besides been listed in other rankings such as Number 102 In China Top 500 Enterprises in 2016. In the lapp class, NCI was the winner of the Best Technology Insurance Company Award. official Website : hypertext transfer protocol : //www.newchinalife.com/

6. 泰康保险 Taikang Insurance Group INC.

Taikang Insurance Group Taikang Insurance Group INC. is a top China insurance company. With the Bank Of China ’ south approval, this life insurance company was established in 1996. Since then, it has grown in different ways and widened its portfolio of projects. today, it has subsidiaries such as Taikang Asset Management, Taikang Life and Taikang Health and Elderly Care. The company headquarters are in Beijing. Goldman Sachs Group acquired 12.02 percentage bet on in the ship’s company in 2011 offering extraneous fund-raise. This besides makes Goldman Sachs the irregular biggest stockholder in Taikang Insurance Group INC. In the list of 2016 China Top 500 Enterprises, Taikang Life Insurance was ranked at number 114 and in 2018, It would go ahead to win an prize for 2018 Top Financial List Selection, The Best Life Insurance Company of the year. In the lapp year, 2018, Taikang Life Insurance went ahead and acquired a 13.52 % post in Sotheby Auction thereby becoming its largest stockholder. Among some of the areas that Taikang Insurance Group has been covering include health indemnity, internet property policy, aesculapian pension, commercial real estate of the realm, enterprise annuity, health management and asset management. today, it boasts more than 400,000 customers and over the meter that it has been in process, the ship’s company has provided more than 220 million customers with settle claims of more than 35 billion Yuan. official web site : hypertext transfer protocol : //www.taikang.com/

7. 友邦保险 AIA Group Limited

AIA Group Limited Established way back in 1919 in Shanghai and late expanding to Hong Kong in 1931, AIA Group Limited is a wholly owned subordinate of the american Insurance Assurance Co., Ltd. since its administration, this company has been offering insurance products and services to both businesses and individuals. Among some of its products include health insurance, savings plans, credit life, pension services, accident indemnity and life insurance. By December 31 2019, the ship’s company had total assets of $ 284 billion. today, the caller is headquartered in Hong Kong. It serves a big base of customers all over Asia with more than 18 markets on the continent. It is besides a publicly listed and traded company on the Hong Kong Stock Exchange. In 2013, this company received the Brand Of The Year Award from the Benchmark Magazine of Hong Kong. It has besides won several awards for the best customer service and has been ranked in many listings. official web site : hypertext transfer protocol : //www.aia.com.cn/

8. 中国太平 CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

CHINA PACIFIC INSURANCE China Pacific Insurance Group Co., Ltd headquarters are in Shanghai. This company was established in 1991 on the back of the China Pacific Insurance Corporation. It offers life and non-life indemnity products and services. The company is owned by the central Government of China, Shanghai Government and China Securities Finance. Among some of the not life insurance products that this company offers include property insurance, commercial enterprise policy and short term casualty. It besides offers asset management services and others. official web site : hypertext transfer protocol : //www.cntaiping.com/

9. 阳光保险 Sunshine Insurance Group Company Limited

Sunshine Insurance Group Company If you are looking for a property policy supplier for your needs, you have found it in the Sunshine Insurance Group Company Limited. This company was established in 2005 with about 36 branches and today, it has more than 600 branches with tens of thousands of customers. In 2007, Sunshine Life Insurance was started to chiefly engage in the business of offering life policy products and services. It besides offers health and accident policy. Sunshine was placed at status 182 in the list of the top 500 taiwanese enterprise for 2017. In the adopt class, it was ranked at position 176 in the top 20 chinese Enterprises in 2018. official web site : hypertext transfer protocol : //www.sinosig.com/

10. 安邦保险集团股份有限公司 AN-BANG INSURANCE GROUP CO., LTD

AN-BANG INSURANCE GROUP This is a holding company in the People ’ s Republic of China with many subsidiaries that offer indemnity, fiscal and deposit services. Its headquarters are in Beijing. This company has been cited in the Financial Times as one of the most well connect companies in China, politically. Since its administration in 2004, AN-BANG Insurance Group has gone on to acquire other businesses. For model, in 2014, they bought the Waldorf Astoria New York hotel and in 2015, they bought VIVAT, a dutch insurance company and besides acquired a 57.5 % venture in Tongyang Life South Korea for $ 1 billion. today, jointly, this party has more than 30 million customers across the earth. China indemnity industry would never be the same without the kind of contribution that AN-BANG makes both abroad and locally. official web site : hypertext transfer protocol : //www.anbanggroup.com/

Conclusion

Your research for the best China indemnity caller should stop with these ten. They are the biggest players with subsidiaries locally and internationally. They have big registered capital, they offer different types of insurance products, have sound assets and all of them are listed in different stock exchanges.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: