Yongan Property & Casualty Insurance Co., Ltd., founded in 1996 in Xi'an, is a well-known insurance company that has made remarkable achievements in property insurance services for large-scale projects and enterprises
On September 28, 1996, in the tide of China's economic reform and opening up, Yongan Insurance Company was established in Xi'an. At present, the company is a mixed-ownership enterprise, and its main shareholders are Yanchang Petroleum Group, Shanghai Fosun Group, Shaanxi Nonferrous Metals Group, etc. The registered capital of the company is 3,009.416 million yuan, as of the end of December 2015, 23 branches have been set up in 19 provinces, autonomous regions and municipalities directly under the central government, 1 shipping center, 177 central branch companies, 282 branch companies, 446 marketing service departments, 1 sales department, a total of 930 branches, with more than 10,000 employees.
As of the end of 2015, the company's total assets were 12.264 billion yuan and net assets were 4.489 billion yuan. In 2015, the company achieved premium income of 8.131 billion yuan, a year-on-year increase of 16.25%, exceeding the average growth rate of the property insurance industry by nearly 5 percentage points; The comprehensive cost ratio was 98.04%, a year-on-year decrease of 1.01 percentage points, the company completely turned losses into profits, and the accumulated losses have been fully made up, and dividends can be distributed to shareholders; the company's risk status has improved, and the risk prevention and resolution ability has been improved, and it has been continuously evaluated by the Insurance Regulatory Commission as a class A company in the first four quarters of 2015.
At the same time, the company actively embraces the Internet, introduces mobile Internet technology, and innovates the sales and service model. It has launched the WeChat official account of "Insurance One Finger Zen", an O2O business development tool for marketers based on social relationships, and developed service platforms such as Yongan Insurance WeChat account, delay insurance exclusive WeChat account, and Alipay wallet APP exclusive WeChat service account. The company's Internet innovation business has made a breakthrough, with the annual premium from the Internet approaching 300 million yuan, and the monthly premium platform in December has reached hundreds of millions of yuan, becoming a new growth point for the company's business. The company's innovative claims service models such as WeChat claims settlement and remote loss assessment have also been gradually recognized, laying a solid foundation for the company to improve the quality and efficiency of claims services.
Since its establishment, Yongan Insurance Company has actively performed the functions of insurance economic compensation, financing and social management, and strived to practice the corporate mission of "creating satisfaction for customers, creating wealth for shareholders, creating value for society and creating opportunities for employees", with a total premium income of 69.132 billion yuan, 33.996 billion yuan of compensation paid to various insurance customers, and 3.932 billion yuan of taxes and fees.
In order to give full play to the guarantee function of serving the society, while tapping potential internally, improving quality and service, Yongan Insurance Company has established strategic cooperative relations with the head offices of 10 commercial banks such as Agricultural Bank of China, and cooperated with dozens of reinsurance companies around the world and professional consulting institutions such as Ernst & Young and PricewaterhouseCoopers, so as to enhance the ability to serve the society and ensure economic construction.
Yongan Insurance Company has delivered satisfactory answers to a series of large-scale projects and enterprises, such as the "Jiaolong" deep-sea cruise, the launch of satellites such as "Chang'e-1" and "Asia-Pacific 6", the test flight of the Air Police 2000 early warning aircraft, the Qinghai-Tibet Railway, the exploration of Mount Everest, the Antarctic scientific expedition, the construction of the Xi'an Metro, the Guangzhou Baiyun Airport, PetroChina, Yanchang Petroleum, and the Nanjing Iron and Steel Group.
Looking forward to the future, the company will be guided by the ten new insurance policies, strive to explore the development path with Yongan characteristics, seize the golden opportunity period of insurance development in the next six years, consolidate the development foundation, innovate the development model, strengthen the traditional market, explore emerging markets, and build Yongan Insurance into an internationally renowned and domestic first-class insurance group company with first-class service, sustainable profitability and core competitiveness in local fields.
(Note: The company's total assets, net assets, and tax payment data at the end of 2015 in the above financial data are Yongan Insurance data (excluding Yongan Insurance Sales (Shanghai) Co., Ltd.))
