China Continent Property & Casualty Insurance Co., Ltd (CCIC), set up in Shanghai on Oct 15, 2003 is a national property and casualty insurance company that is officially approved by the State Council and China Insurance Regulatory Commission (CIRC). CCIC belongs to China Reinsurance (Group) Corporation (stock code: 01508.HK) and is the only subsidiary that specialized in non-life primary insurance.
In 2017, CCIC achieved 37.123 billion yuan ($5.82 billion) in terms of gross premium income for primary insurance, ranked sixth in the Chinese market.
CCIC owns 36 branches and over 2,000 sub branches nationwide, reaching almost every province in China except Tibet.
The company has been rated "A (Excellent)" for Financial Strength Rating (FSR) and "A" for Issuer Credit Rating (ICR) by A.M. Best Company (A.M. Best Co.) since 2014. Furthermore, the rating outlook is stable.
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