Enterprises
Taiping Insurance
Updated: May 31, 2019
govt.chinadaily.com.cn
Print
Share - WeChat
The China Taiping logo [Photo/IC]
Established in Shanghai and headquartered in Hong Kong, China Taiping Insurance Group is the oldest insurance company in China, with a history dating back more than 90 years.
In 1956, Taiping and a few other Chinese insurance companies merged to become the People's Insurance Company of China (PICC), as a part of China's nationalization of the industry.
In 1998, when PICC was again split into four state-owned Chinese insurance companies, most of the overseas business became a part of Taiping. As a result, Taiping has an extensive international presence, with offices in Singapore, New Zealand, Indonesia, the United Kingdom, Holland, and now, the US.
Today, the Hong Kong-listed company has 470,000 employees, 24 subsidiaries, nearly 2,000 business outlets, and total assets reaching up to 550 billion yuan ($79.66 billion), with its business covering many countries and regions in the world, including North America, Europe, Oceania, East, and Southeast Asia.
Its business covers life insurance, property and casualty insurance, pensions, asset management, reinsurance, insurance brokerage, non-financial investments, and e-commerce.
