Picc Life Insurance Company Limited

People's life insurance company of China Limited

The people's life insurance company of China Limited (hereinafter referred to as "PICC") is a national life insurance company approved by the State Council and approved by the China Insurance Regulatory Commission and mainly initiated by the people's Insurance Corporation of China (hereinafter referred to as "PICC"). The company is headquartered in Beijing with a registered capital of over 20 billion yuan. Mainly engaged in life insurance, health insurance, accident insurance, life reinsurance and investment business. PICC Life Insurance gives full play to PICC's outstanding advantages in brand, network, customer resources and industry experience, and promotes the formation and continuous improvement of the core competitiveness of the enterprise through the group's comprehensive operation platform and learning from international advanced operation and management technology and experience.

brief introduction

Enterprise profile

The people's life insurance company of China Limited (hereinafter referred to as PICC) is a national life insurance company established mainly by the people's insurance group of China (hereinafter referred to as PICC) with the consent of the State Council and the approval of China Insurance Regulatory Commission. Headquartered in Beijing, the company has a registered capital of 20133405131 yuan and total assets of nearly 250 billion yuan.

Since its establishment in 2005, people's Life Insurance Co., Ltd. of China has become a life insurance company with the fastest business development and the best growth, creating a new development miracle of China's life insurance industry.

Corporate vision

In China's fast-growing and vigorous financial and insurance market, opportunities and challenges always accompany each other, and the development of PICC Life Insurance has a long way to go. Standing at a new starting point, PICC Life Insurance will be guided by the scientific outlook on development, focus on the leapfrog development direction of PICC, fully rely on the group's overall competitive advantage, adhere to the road of scale efficiency operation, seize the opportunity, forge ahead, explore and innovate, accelerate development, and strive to build the company into a company with perfect governance structure, effective business development, strong risk control and solvency It is a modern first-class insurance enterprise with sufficient resources, strong comprehensive competitiveness and PICC characteristics. We will vigorously cultivate a "people-oriented, harmonious and enterprising" corporate culture, pay attention to people's livelihood, provide sincere service, abide by norms, and serve the country, society and people with our positive actions and outstanding achievements. We sincerely hope that the vast number of insurance consumers and friends from all walks of life will consistently care for, love and support PICC Life Insurance, and make unremitting efforts to improve the people's insurance protection and promote the development of China's insurance market.

On November 18, 2005, people's Life Insurance Co., Ltd. of China was officially established, which opened a new page in the development history of PICC. In 2007, PICC Life Insurance successfully implemented capital increase and restructuring, the registered capital increased to 2.7 billion yuan, and the national organization layout was completed unconventionally. The development foundation was more solid, and the development platform was significantly widened, which was an important milestone in the development process of the company.

Corporate mission

Adhering to the corporate mission of "people's insurance, benefit the people", PICC Life Insurance has established a centralized management mode, formed a diversified sales channel, developed a sound product system, built a strong backup service support platform, and provided personalized products and services for customers. People's Life Insurance Co., Ltd. of China has the courage to assume social responsibility, actively participate in public welfare undertakings, and strive to expand the coverage, penetration and influence of insurance in the whole society.

PICC Life Insurance adheres to the road of scale benefit and promotes the extraordinary leap forward development. Based on the whole country and looking at the world, we will strive to build a modern first-class insurance enterprise with perfect corporate governance structure, rapid and effective business development, sufficient solvency, strong risk management and control, strong comprehensive competitiveness and PICC characteristics.

scope of business

The company is mainly engaged in life insurance, health insurance, accident insurance and reinsurance business of the above businesses.

The company has made eight service commitments to the society, mainly including strictly abiding by national laws and regulations, consciously fulfilling the industry self-discipline convention and service commitments, and designing and making standardized insurance policies in strict accordance with the requirements of regulatory authorities.

Company background

As the main sponsor of PICC, the people's Insurance Corporation of China (PICC) was formerly the people's Insurance Corporation of China (PICC), which was approved by the Government Affairs Council of the people's Republic of China on October 20, 1949. With 59 years of development history and several major changes, PICC has made historic contributions to the cultivation of China's insurance market, the cultivation of insurance talents and the upgrading of insurance technology, and has played a positive role in economic development, social stability, national prosperity and people's happiness.

On October 20, 1949, with the approval of the central government, the people's Insurance Company of China was formally established, which started the insurance industry of new China, including life insurance. As the founder of new China's insurance industry, PICC grew up with the people's Republic of China, and made historic contributions to the national economic and social development, the cultivation of insurance market, the cultivation of insurance talents, the formation and upgrading of insurance technology, and the formation and improvement of insurance norms. PICC is the epitome and outstanding representative of the development of China's insurance industry. It is also the heaviest part in the history of new China's insurance industry. In November 2005, after a long period of separate operation, PICC resumed its life insurance business in an all-round way. The people's Life Insurance Co., Ltd. of China took on the important task of revitalization, and PICC began the new process of building a modern insurance financial group.

Company honor

PICC has gone through a glorious course of 60 years. PICC is the first association of the Chinese public to insurance. It is an outstanding brand image representative of China's insurance industry in the world. It is the only domestic insurance partner for the 2008 Beijing Olympic Games, the only global insurance partner for the 2010 Shanghai World Expo and the insurance partner for the 2010 Guangzhou Asian Games. In 2009, PICC was selected as one of the Fortune 500 companies in the United States , ranking 371. Chairman Wu Yan and President Li Liangwen of PICC Life Insurance Co., Ltd. were both selected as "top 10 persons of the year of China Insurance in 2008" and "Top 60 persons of insurance industry in 60 years of new China" in 2009. In the second and third "Jinbei Award" financial products selection, PICC Life Insurance Co., Ltd. was elected as "best design and innovation team" in 2008 and "best risk control team" in 2009. On August 18, 2009, in the large-scale selection activity of "60th anniversary of the founding of new China - 60 brands promoting China's economy and influencing people's life" organized by CCTV and other central media, PICC Life Insurance was rated as "60 outstanding brands in 60th anniversary of the founding of new China" and became the only enterprise elected in the insurance industry. Since 2010, the company has been rated as "China's top 10 most trustworthy insurance companies in 2009", "the most growing insurance brand in 2009", "the fastest growing enterprise in 2009", "the most potential insurance company in 2009", "the fastest growing enterprise in 2009", "the most trusted insurance company of Zhejiang Merchants" and "the most growing life insurance company in 2010" by central authoritative media The company has won the honorary titles of "the most trusted insurance company of netizens in 2010", "the best growth brand of insurance industry in 2010" and "insurance marketing innovation award in 2010".

Development

Business development

At present, the capital of PICC Life Insurance is 20.133 billion yuan, with 80% state-owned shares. At the same time, three large overseas consortia participate in the shares. With strong capital background, strong strength and reliable supplementary mechanism, PICC Life Insurance is one of the life insurance companies with the best solvency in the insurance market. The total assets of the company exceed 186 billion yuan. The company has a sound distribution channels and service network, 34 provinces and autonomous regions, 275 cities, 1642 counties and cities have set up customer-oriented sales and service agencies, which can meet the full range of insurance needs of customers. More than 60000 bank outlets provide life insurance products as agents, forming a nationwide sales network covering urban and rural areas, further extending the service chain to customers.

The company provides comprehensive, convenient and efficient services to customers through multi-channel service network system including personal insurance, bank mail agency, group insurance, interactive business, e-commerce, customer special line, SMS platform, portal website, e-commerce, customer service stores, policy service personnel, etc.

In 2006, the annual premium income of PICC was 850 million yuan, ranking 19th in the industry, and the asset scale was 2.1 billion yuan.

In 2007, the premium income was 4.36 billion yuan, ranking ninth in the industry, and the asset scale was 8.4 billion yuan.

In 2008, the premium income was 28.8 billion yuan, ranking sixth in the industry, and the asset scale was 42.5 billion yuan.

In 2009, the company's premium income was 53.1 billion yuan, ranking sixth in the industry, with a year-on-year growth of 76%, ranking first among large and medium-sized insurance companies.

In 2010, the company's premium income was 84.5 billion yuan, a year-on-year increase of 60%, and its asset scale exceeded 186 billion yuan. It is the fastest growing life insurance company in the market in recent years.

In January 2010, PICC Life Insurance Jinding Fugui products won the title of "China's top 10 best financial products in 2009" with its strong market competitiveness, customer-oriented development concept and valuable financial features. In March 2010, at the award ceremony of the fifth "China Public Finance Annual Meeting" held in Beijing, the company's "PICC Life Insurance harmonious life life insurance (Universal) a" won the "2009 most valuable innovative insurance" award

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