China Taiping Insurance Group Co., Ltd., founded in 1929, is a large-scale multinational financial and insurance group that provides a full range of comprehensive financial and insurance products for corporate and individual customers
China Taiping Insurance Group Co., Ltd. ("China Taiping") is a financial and insurance group headquartered in Hong Kong.
China Taiping has 330,000 employees, 25 subsidiaries and more than 1,700 business institutions at all levels, operating in Chinese mainland, Hong Kong and Macao, North America, Europe, Oceania, East Asia and Southeast Asia and other countries and regions, the business scope covers life insurance, property insurance, endowment insurance, reinsurance, reinsurance brokerage and insurance agency, Internet insurance, asset management, securities brokerage, financial leasing, real estate investment, pension industry investment and other fields, with a complete range of business types, providing customers with one-stop comprehensive financial and insurance services.
China Taiping is the national brand with the longest history in China's insurance industry, founded in Shanghai in 1929. In 1956, according to the unified deployment of the state, it specialized in overseas business. In 1999, it was appointed to fully control all overseas operating institutions of the former Chinese People's Insurance (Group) Company, and gradually developed into the only cross-border comprehensive insurance group in China's insurance industry. In 2001, it re-entered the domestic market. In 2009, the Taiping brand integration of its subordinate companies was completed. In October 2011, China Taiping was placed under the central administration. In 2013, China Taiping completed the restructuring and overall listing, and officially changed its name to China Taiping Insurance Group Co., Ltd.
In recent years, China Taiping has seized the important strategic opportunity brought about by the inclusion of the central management, successfully completed the "three years to rebuild a new Taiping", and completed the main operating indicators with high quality at the end of 2014, doubling the group's total premiums, total assets and net profit compared with 2011, and significantly improving the intangible capabilities such as overall management, innovation, service, collaboration, market control and industry influence, laying a solid foundation for building "the most distinctive and potential boutique insurance company". At present, the Group and its 9 subsidiaries have been awarded "A" rating by international authoritative rating agencies, which is the insurance group with the most international "A" ratings in China's insurance industry.
In 2015, China Taiping fully implemented the "boutique strategy", with total premiums exceeding 100 billion yuan (RMB, the same below), total assets exceeding 400 billion yuan, assets under management exceeding 600 billion yuan, and net profit increasing by more than 50% year-on-year, the best level in history. In 2016, China Taiping Group's total premiums exceeded 120 billion yuan, total assets exceeded 450 billion yuan, and assets under management exceeded nearly 750 billion yuan, achieving five consecutive years of outperformance since it was included in the central management in 2011.
As a financial and insurance service provider, China Taiping will fully implement the high-quality strategy, continuously improve the comprehensive business model of "one customer, one Taiping", and actively give full play to the characteristics of social responsibility, comprehensive financial services, international operation, "total to total" strategic alliance, Internet finance and "four-in-one" supervision of central insurance enterprises, and vigorously carry forward the core culture of China Taiping of "having dreams, daring to take responsibility, passion, being in the state, having courage and being good at innovation", and accelerate the construction of a leading domestic A world-class integrated financial and insurance group.
