China Pacific Insurance (Group), Co., Ltd ( CPIC) is a leading integrated insurance group in the PRC, providing, through our nationwide marketing network and diversified service platform, a broad range of risk and protection solutions, investment and wealth management and asset management services to about 80 million customers throughout the country.
China Pacific Property Insurance Co., Ltd. (CPIC Property), a subsidiary of China Pacific Insurance (Group), Co., Ltd. (CPIC Group), is a property and casualty insurer based in Shanghai, with a registered capital of RMB 19.47 billion. CPIC Property has 41 branches, more than 2480 grass-roots offices and a direct sales team of more than 10,000 sales agents.
In 2015, the company’s total asset and net asset was RMB 125.011 billion and RMB 33.587 billion respectively, with a 11.2% market share and a RMB 5.331 billion net profit. The company’s premium income reached RMB 94.615 billion, a 1.7% growth year on year,
CPIC Property was rated A1 by Moody’s since 2011. CPIC Group was listed on Shanghai & Hong Kong Stock Exchanges on Dec. 25, 2007 and Dec. 23, 2009 respectively. In 2012, it was included in Top 500 enterprises of Fortune, Forbes of America, and Financial Times of Britain. Looking into the future, China Pacific Insurance will continue to implement customer-oriented strategy, focus on innovation and differentiation, enhance its competitiveness and pursue sustainable value growth. We aim to become an excellent financial group with focus on insurance business.
Board of Directors
Mr. Mr. Yue Gu (Chairman & General Manager)
Mr. Zongmin Wu
China Pacific Insurance (Group) Co., Ltd. (“CPIC”) is an insurance group basically constituted by China Pacific Insurance Company, a company established on 13 May 1991. The head office of CPIC is located in Shanghai.
In 1991, China Pacific Insurance Co., Ltd. established.
In 1994, China Pacific Insurance Co., (H.K.) Limited established.
In 2001, China Pacific Insurance Company underwent restructuring. China Pacific Insurance (Group) Co., Ltd. was established and China Pacific Property Insurance Co., Ltd. and China Pacific Life Insurance Co., Ltd were established with China Pacific Insurance (Group) Co., Ltd. as the holding company.
In 2006, Pacific Asset Management Co., Ltd. Established.
In 2007, A Shares of CPIC were listed (中國太保, SH601601).
In 2009, CPIC became the holding company of Changjiang Pension Insurance Co., Ltd.
In 2009, H Shares of CPIC were listed (CPIC, HK02601).
In 2010, CPIC Investment Management (H.K.) Company Limited was established.
In 2012, Pacific Insurance Online Services Technology Co., Ltd. was incorporated.
Highlights in 2015/ 2016
1.CPIC was named to Fortune Global 500 for the sixth successive time, ranked 251th, up 77 places from 2015.
2. Ranked 173th on the list of Forbes 2000, up 54 places from 201
3. Awarded Best China Brand published by Interbrand and ranked top 3 in insurance industry.
No.190, Yincheng Road (Middle)
Phone: +86 21 33962678