Headquarters: 1 Zhongshan South Road, Huangpu District, Shanghai 200010, China
Year established: 1991
Size (employees): 107,000+
Gross written premiums: Life insurance – RMB211,685 million; property & casualty – RMB152,643 million (2021)
Underwriting expertise: Property, casualty, and life insurance
Key people: Kong Qingwei (chairman & executive director), Fu Fan (president & executive director), Yu Bin (vice-president), Ma Xin (vice-president), Sun Peijian (chief risk officer), Zhang Yuanhan (chief actuary & CFO), Zhang Weidong (compliance responsible person & chief legal councillor), Sheng Yafeng (director of Greater Bay Area development), Chen Wei (chief administrative officer), Su Shaojun (board secretary & deputy director on transformation matters), Su Gang (chief investment officer), Zhou Xiaonan (chief auditing officer & auditing responsible person)
China Pacific Insurance (Group) Co. Ltd (CPIC) is an insurance holding company and one of the largest in the country. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 under the People’s Bank of China’s approval.
CPIC is a Fortune 500 company, ranking 182nd as of August 2022 in the prestigious list, with revenue reaching $68.3 billion and market value of $27.4 billion. It is also the first insurance group to be listed simultaneously on the Shanghai, Hong Kong, and London Stock Exchanges.
CPIC operates three segments:
CPIC offers a range of insurance products, both domestically and overseas, through its subsidiaries. These consists of:
CPIC has “pro-actively” innovated its development model, successfully implementing “Products + Services,” which helped drive up China Pacific Life’s customer business. The company has likewise initiated several projects aimed at improving the health and well-being of its clients. These include:
To better serve its clients, CPIC also upgraded its mobile app, the CPIC App, helping bind more than 30 million users. To date, CPIC has provided services to almost 140 million clients, while projecting an image of “responsible, smart, and caring.” As a result, its largest subsidiaries China Pacific Life and China Pacific Property have been awarded top AA rating for successive years in the country’s regulatory evaluation of customer service.
List evaluates companies based on sales, profits, assets, and market value
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