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88 years of long history, China Taiping Insurance’s new era is on the way

20-11-2017

 

On November 20th, China Taiping Insurance Group celebrated its 88th anniversary. Founded in 1929, China Taiping Insurance has set many firsts in the history of China’s Insurance industry. As one of the oldest national insurance brands in the Chinese insurance market, China Taiping first established in Shanghai; but was based in Hong Kong. Since the 1950s, China Taiping insurance specialised in overseas market as a part of the nationalisation process, and only resumed its business in mainland China in 2001. Throughout the 88 years of development, China Taiping insurance now runs the cross-border operation and walks steady steps toward the world’s financial stage.

 

Starting with less than 200 people, China Taiping has now developed into a significant transnational financial and insurance group with 470 thousand employees, 24 subsidiaries, and nearly 2000 business outlets. The business covers many countries and regions in the world, particularly in Mainland China, Hong Kong, Macau, North America, Europe, Oceania, East and Southeast Asia. Its business scope includes life insurance, general insurance, pension insurance, reinsurance, reinsurance brokers and insurance agency, internet insurance, assets management, securities brokerage, financial lease, real estate investment, pension industry investment and other businesses, thus providing the clients with the one-stop comprehensive financial and insurance service. In the first half of 2017, China Taiping Insurance Group has achieved total premium of RMB 100.80 billion, exceeding the hundred billion mark for the first time. Total asset of the Group has exceeded RMB 500.00 billion and total asset under management is nearly RMB 900.00 billion.