BoCommLife Insurance Company Limited

BOCOM Kanglian Life Insurance Co., Ltd

BOCOM Kanglian Life Insurance Co., Ltd. is a Sino foreign joint venture insurance institution controlled by Bank of communications, formerly known as China Insurance Kanglian Life Insurance Co., Ltd. (hereinafter referred to as "China Insurance Kanglian"), which was established on June 16, 2000. With the consent of China Banking Regulatory Commission and China Insurance Regulatory Commission, and with the approval of the State Council, BOCOM acquired all the shares of China Life Insurance (Group) Co., Ltd. held by China Life Insurance (Group) Co., Ltd. in early 2010, and officially renamed BOCOM Kanglian Life Insurance Co., Ltd. (hereinafter referred to as "BOCOM Kanglian") on January 28, 2010. Headquartered in Shanghai, the company has set up branches in Jiangsu, Henan, Hubei, Beijing, Anhui, Guangdong, Shandong, Sichuan, Liaoning and other provinces, forming a national life insurance company structure. At present, the registered capital of the company is RMB 2.1 billion, of which bank of communications holds 62.5% and Commonwealth Bank of Australia holds 37.5%.

On November 20, 2017, the CIRC decided to prohibit BOCOM Kanglian Life Insurance Co., Ltd. from declaring new products within six months from the date of issuing the regulatory letter. In November 2018, he won the title of "2018top financial list - Life Insurance Company of the year".

Bank profile

BOCOM Kanglian provides customers with all kinds of life insurance investment, protection schemes and services, including bonus insurance, foreign exchange insurance, life insurance, annuity insurance, health insurance, accident insurance and dozens of insurance products.

BOCOM Kanglian is the first insurance company jointly invested by two well-known Chinese and foreign banks in mainland China, aiming to create the first brand of bancassurance cooperation in domestic life insurance industry. The company will establish its business with responsibility, adhere to the business philosophy of eternal integrity, steady and farsighted, take the growth of embedded value as the guidance, timely build a national service framework, rely on the sound network and excellent brand reputation of Bank of communications, unremittingly carry out product innovation and service innovation, strive to meet the insurance needs of bank channels and other customers, and actively serve the construction of a harmonious society, Continue to make outstanding professional contributions to the bright future of human society.

Since the establishment of BOCOM, its business has developed by leaps and bounds, its market ranking has steadily improved, and its market share has gradually expanded. In the first year of operation in 2010, the premium of new insurance policies increased by 7.8 times compared with the same period last year, ranking the second in the increase of premium of all life insurance companies in that year. Since 2011, under the guidance of the new professional orientation and development orientation, the company has actively adjusted its business structure to achieve a year-on-year growth of more than 10 times in new business value. In 2012, it maintained a good development trend, and the value of new business continued to grow significantly.

As the first bank holding life insurance company approved by the State Council, BOCOM Kanglian is actively committed to providing high-quality products and services for customers with good brand reputation, sound service network and advanced financial technology. In 2014, the company's premium income increased 30 times compared with the end of 2009, and the compound annual growth rate of new business value in the past three years was 69%. Since 2014, the company has built a mobile health management platform with health management as the breakthrough point on the basis of doing a good job in insurance protection, providing professional health promotion services for customers, and striving to realize the double growth of customers' material wealth and health wealth. At the end of 2014, BOCOM Kanglian, which has been established for less than five years, made profits in that year ahead of schedule, breaking the industry rule that ordinary life insurance companies only made profits in seven to eight years. BOCOM Kanglian has also won many industry awards such as "the most growing insurance company award" and "the best joint venture life insurance company award", and has always been rated as A-class company in the classified regulatory evaluation of CIRC.

BOCOM Kanglian will continue to adhere to the tenet of "integrity-based, steady operation, professional service, innovative development", adhere to the principle of "adding value to customers, creating wealth for shareholders, and seeking development for employees", continuously carry out product innovation and service innovation, and provide customers with high-quality and efficient wealth management services.

Service scope:

At present, BOCOM Kanglian provides customers with various life insurance investment, protection schemes and services, including bonus insurance, foreign exchange insurance, life insurance, annuity insurance, health insurance, accident insurance and dozens of insurance products.

BOCOM Kanglian is the first insurance company jointly invested by two well-known Chinese and foreign banks in mainland China, aiming to create the first brand of bancassurance cooperation in domestic life insurance industry. The company will establish its business with responsibility, adhere to the business philosophy of eternal integrity, steady and farsighted, take the growth of embedded value as the guidance, timely build a national service framework, rely on the sound network and excellent brand reputation of Bank of communications, unremittingly carry out product innovation and service innovation, strive to meet the insurance needs of bank channels and other customers, and actively serve the construction of a harmonious society, Continue to make outstanding professional contributions to the bright future of human society.

Business scope of BOCOM Kanglian life insurance

1、 Life insurance, health insurance and accident insurance. 2、 Reinsurance business of the above business.

BOCOM Kanglian life business area:

In the administrative area of Shanghai Municipality and in the provinces, autonomous regions and municipalities directly under the central government where branch companies have been established.

Historical premium scale

The premium income of BOCOM Kanglian over the years is as follows:

Top 10 premium income of insurance companies in 2012:

Introduction to shareholders

Bank of Communications

Founded in 1908, Bank of communications is the oldest modern commercial bank in China and one of the note issuing banks in modern Chinese history. In 1987, the Bank of communications was reorganized and became the first national joint-stock commercial bank in China. Since 2004, BOCOM has successively completed the trilogy of "financial restructuring - introduction of foreign capital - public listing". In June 2005, BOCOM was successfully listed on the stock exchange of Hong Kong, becoming the first state-owned holding bank to complete financial restructuring, the first large commercial bank to introduce international strategic investors, and the first mainland commercial bank to be publicly listed overseas. In 2006, Bank of communications became the only global partner of commercial banks for "Expo 2010 Shanghai China". In May 2007, Bank of communications successfully returned to the A-share market. In April 2008, Bank of communications became China's first national financial brand with a history of more than 100 years. In 2009, the market value of Bank of communications entered the forefront of the global banking industry, and its brand value ranked in the top three of China's banking industry. For the first time, it entered the Fortune Global 500 list. In the Forbes Global 2000 list, it ranked No. 143 in the total list, No. 31 in the banking category, and jumped to No. 43 in the ranking of China's top 500 enterprises. By the end of June 2009, the total assets of BOCOM had reached 3.29 trillion yuan, the capital adequacy ratio was 12.57%, and the net profit in the first half of 2009 was 15.58 billion yuan. The head office of Bank of communications is located in Shanghai, with 2649 outlets in 181 cities across the country. It has more than 660000 corporate and institutional customers and 55 million individual customers, and has set up branches or representative offices in Hong Kong, New York, Tokyo, Singapore, London, Frankfurt, Seoul, Macao, etc. The business scope of Bank of communications has covered banking, insurance, securities, leasing, trust and other fields. It has three wholly-owned subsidiaries of Bank of Communications Insurance, Bank of Communications International, and Bank of communications financial leasing. It controls Bank of communications Schroeder fund, Bank of Communications International Trust, Dayi Bank of communications Xingmin village bank, and shares in Jiangsu Changshu rural commercial bank.

With its first-class management level, BOCOM has won many honors and awards at home and abroad: "Asian Banker", "2009 bank and enterprise cash service achievement award", "finance", "2009 China's most growing cash management bank", "Eurocurrency" 2008 "China's best private wealth management bank", and "world brand laboratory" 2007 China's three major banking products "China's best bank", "financial Asia", "China's best management award", "Asian Currency", "China's best structured monetary product supplier", "business week", "Asia's top 50" enterprises are the only Chinese financial institutions on the list.

Bank of communications has become a big bank with a hundred years of history, modern system, good growth, global exhibition and comprehensive operation, and a financial institution with leading advantages and important influence in the market. As one of the most competitive large banks in China, Bank of communications is striding forward to the strategic goal of "taking the road of internationalization and integration, and building a first-class public holding bank group with wealth management as its characteristics".

Commonwealth Bank of Australia

The Federal Bank of Australia will celebrate its centenary in 2012. In the 80 years before privatization in 1991, the Federal Bank of Australia was the first state-owned bank in Australia. For nearly 40 years, it has been the National Central Bank of Australia. Since then, the Federal Bank of Australia has grown into the largest and most prestigious bank in Australia, with more than 40000 employees.

Today, the Commonwealth Bank of Australia has the largest branch (more than 1000) and ATM (more than 4000) network in Australia, leading in the market share of housing loans, personal loans, retail deposits, discount stockbrokers and other fields. It is the largest credit card issuer in Australia, and also has the most popular online banking system (commsec) in Australia And fund management company (Hong Lian first domain). In the field of life insurance, the Federal Bank of Australia has the largest life insurance company in New Zealand and the second largest life insurance company in Australia.

Steady development of transnational business

The Federal Bank of Australia has withstood the global financial crisis with a strong attitude

Chinese PinYin : Jiao Yin Kang Lian Ren Shou Bao Xian You Xian Gong Si