China Pacific Insurance Company
China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 approved by the People's Bank of China. Its headquarters is in Shanghai.
Trade name |
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Native name | 中国太平洋保险(集团)股份有限公司 | ||||||
| Formerly | China Pacific Insurance Corporation | ||||||
| Company type | Public | ||||||
Traded as | |||||||
| Industry | Financial services | ||||||
| Founded | 1991 | ||||||
| Headquarters | Shanghai , | ||||||
Area served | China | ||||||
Key people |
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| Services | Life and non-life insurance | ||||||
| Revenue | CN¥247.0 billion (2015) | ||||||
| CN¥24.3 billion (2015) | |||||||
Net income | CN¥17.8 billion (2015) | ||||||
| Total assets | CN¥923.8 billion (2015) | ||||||
| Total equity | CN¥133.3 billion (2015) | ||||||
| Owner |
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| Website | cpic.com.cn | ||||||
| Footnotes / references in a consolidated basis | |||||||
| China Pacific Insurance (Group) Co., Ltd. | |||||||
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| Simplified Chinese | 中国太平洋保险(集团)股份有限公司 | ||||||
| Traditional Chinese | 中國太平洋保險(集團)股份有限公司 | ||||||
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| Pacific Insurance | |||||||
| Simplified Chinese | 太平洋保险 | ||||||
| Traditional Chinese | 太平洋保險 | ||||||
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| Second alternative Chinese name | |||||||
| Simplified Chinese | 中国太保 | ||||||
| Traditional Chinese | 中国太保 | ||||||
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CPIC Group is the second largest property insurance company (after People's Insurance Company of China) and the third largest life insurance company (after China Life Insurance and Ping An Insurance) in Mainland China. It provides integrated insurance services, including life insurance, property insurance and reinsurance, through its subsidiaries.
The company offers life and property insurance products and services through its subsidiaries, China Pacific Life Insurance Co., Ltd and China Pacific Property Insurance Co., Ltd., respectively. Through its subsidiary China Pacific Asset Management Co., Ltd, the company is also involved in the management, provision of consulting services relating to asset management and operation of insurance assets. The company's property insurance products include car insurance, insurance of family's properties, liability insurance, investment type insurance and accident insurance/injury insurance, while its life insurance products include endowment insurance, health insurance, juvenile assurance, insurance cover services and petty insurance.
- A CPIC vehicle unit, seen in Luoyang, China