China United Property Insurance Company Limited

China United Property Insurance Co., Ltd

China United Property Insurance Co., Ltd. (hereinafter referred to as "China Property Insurance") is a national property insurance company established on July 15, 1986 with the approval of CIRC. It is also the only property insurance company with the name of "China".

Company profile

China property insurance, the full name of China United Property Insurance Co., Ltd. The company was founded on July 15, 1986. In 2002, with the approval of the State Council, it was named "Zhonghua" and became the only state-owned holding insurance company named "Zhonghua".

By the end of December 2019, the registered capital of the company has reached 14.64 billion yuan, and the solvency adequacy ratio of the company is 263%. In 2019, the premium income of China Property Insurance Co., Ltd. will reach RMB 48.852 billion, ranking fifth in the domestic property insurance market in terms of market scale, and second in the country in terms of agricultural insurance business scale. Fitch international rating agency has awarded China Property Insurance "a -" financial strength rating for four consecutive years, and its long-term outlook is stable.

The business scope of China property insurance covers all fields of non life insurance business. The company operates more than 5000 insurance products, including motor vehicle insurance, enterprise property insurance, family property insurance, engineering insurance, ship insurance, cargo transportation insurance, liability insurance, credit guarantee insurance, agricultural insurance, short-term health insurance and accident insurance, etc.

China property insurance has 33 branches in China, with more than 2600 business outlets and more than 45000 employees. It has formed a perfect service network and established a high-quality professional team of insurance operation and service.

China Property Insurance Co., Ltd. has always practiced the service tenet of "service first, keeping promise and repaying the society", and has the courage to undertake social responsibility, which has been widely recognized by all walks of life. The company has been selected as one of the "top 500 Asian brands" for two consecutive years, one of the "top 500 Chinese enterprises" and "top 500 Chinese service enterprises" for four consecutive years, one of the "top 500 most valuable brands in China" for 13 consecutive years, and has been rated as "the best agricultural insurance service insurance company in the gold medal list of China's financial institutions", "the best service insurance company of the year" by financial times and Institute of finance, Chinese Academy of social sciences "China's targeted poverty alleviation enterprises" and so on.

Enterprise scale

The business scope of China property insurance covers all fields of non life insurance business, and the company operates more than 5000 insurance products. The company is located in 27 provinces, autonomous regions and municipalities (Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi, Chongqing, Sichuan, Guizhou and Yunnan) There are business institutions at all levels in the five cities under separate planning (Dalian, Ningbo, Xiamen, Qingdao and Shenzhen).

scope of business

Property loss insurance; liability insurance; credit insurance and guarantee insurance; short term health insurance and accidental injury insurance; reinsurance business of the above business; insurance fund utilization business permitted by national laws and regulations; other business approved by CIRC; insurance business of China United Life Insurance Co., Ltd. (the enterprise shall independently select business items and carry out business activities in accordance with the law; it shall act as an agent for the insurance business of China United Life Insurance Co., Ltd. and carry out business activities in accordance with the approved contents after the approval of relevant departments; it shall not engage in business activities of projects prohibited or restricted by the city's industrial policies.)

Image development

Over the years, the company has strengthened the construction of integrity system, regarded integrity as the life of the enterprise, continuously improved the marketing mechanism, and strengthened the professional ethics and laws and regulations education of employees. The company has always practiced the service tenet of "service first, keep promise, and repay the society", won the market through honest service, won customers through establishing brand image, and has been widely recognized by all walks of life. China United Property Insurance Co., Ltd. has been awarded the title of "national A-level trustworthy enterprise" by China enterprise credit evaluation management center and China market monitoring center; it has been rated as "the most trusted property insurance company" and "China 500 most valuable brand" by world financial laboratory and world brand laboratory for many years; it has been selected as "Chinese enterprise" by China Enterprise Federation for four consecutive years "Top 500" and "top 500 Chinese service enterprises".

Development of premium income

The development of China insurance premium scale from 2005 to 2012 is as follows:

corporate culture

(1) Corporate mission

To serve the country, agriculture, rural areas and people's livelihood, and wholeheartedly provide insurance for the people.

(2) Development vision

To build China property insurance into an excellent property insurance company with customer-oriented, technology and innovation driven, differentiated competitive advantage and sustainable development ability.

(3) Enterprise spirit

China property insurance has built a rich and solid enterprise spirit in the following aspects:

First, we should love the party, love our country, build our faith, and fulfill our mission;

Second, the spirit of hard work, hard work and dedication;

Third, challenge the market, dare to show the sword, indomitable fighting spirit;

The fourth is the spirit of great love to help the poor and to return to the society;

Fifth, the military spirit of strictly abiding by discipline, observing rules, and forbidding.

Company advantages

(1) Strong and diversified shareholder background

Dongfang asset, the major shareholder of the group, is one of the four major state-owned asset management companies. It is committed to building a comprehensive financial service group driven by asset management and bancassurance. Insurance will become one of the core sectors of the group. Other shareholders of the company are also strong. CRRC is the world's largest supplier of rail transit equipment with the most complete variety and leading technology; Liaoning Chengda is a comprehensive large-scale listed company integrating domestic and foreign trade, biopharmaceutical, pharmaceutical chain, energy investment, financial investment and commercial investment; Fubang life is the second largest listed financial holding company in Taiwan The life insurance subsidiary of Fubang financial holding has rich experience in the insurance industry and good business performance. Diversified shareholder background provides a good guarantee for the sustainable development of the company, and shareholder business and collaboration will also bring huge business opportunities for the company's business.

(2) Policy business has the first mover advantage

As a state-owned holding insurance enterprise, the company has the first mover advantage in the field of policy business. The business scale of agricultural insurance and policy health insurance ranked second in the industry. In 2019, the premium income of agricultural insurance will reach 9.303 billion yuan. The company is one of the first members of the co insurance system and one of the first companies to obtain the qualification of undertaking new material insurance and nursing insurance. It actively plays the role of risk protection and economic compensation in the field of serving the major national strategy and social governance.

Business strength

The business scope of China property insurance covers all fields of non life insurance business. At present, the company operates more than 5000 insurance products, including motor vehicle insurance, enterprise property insurance, family property insurance, engineering insurance, ship insurance, cargo transportation insurance, liability insurance, credit guarantee insurance, agricultural insurance, short-term health insurance and accident insurance.

(1) Agricultural insurance

China insurance started from Xinjiang production and Construction Corps and started from agricultural insurance. It is the pioneer of agricultural insurance in China and one of the undertakers of the pilot work of financial subsidy agricultural insurance. The company is deeply engaged in the operation and management of agricultural insurance, and its business scale ranks second in the country. With practical actions, the company has fulfilled its social responsibility and historical mission of serving agriculture, rural areas and farmers and helping targeted poverty alleviation.

In the aspect of new technology innovation, the company focuses on building the brand of China Digital Agricultural Insurance, building a new model of accurate insurance and compensation of planting insurance based on the "integration of space and sky" with remote sensing technology as the core, and a new model of flash compensation service based on the "front, middle and back" integration of accurate target management of Breeding Insurance with big data, blockchain, cloud service, AI intelligence as the core, which drives agricultural insurance through science and technology In order to promote the transformation, upgrading and high-quality development of agricultural insurance, we need to reengineer the new practice process of agricultural insurance. In the aspect of mode innovation, the company promotes the Insurance Division's linkage aquaculture insurance service mode, uses insurance means to achieve aquaculture linkage, creates "Weihai mode", and strives to create a multi provincial support mechanism in the field of targeted poverty alleviation; and promotes the "smart county" project, policy pledge and small and micro loan guarantee mode in the field of Inclusive Finance.

(2) Vehicle insurance

China auto insurance provides all-round fast claim settlement and nationwide through claim payment services. According to the insurance type and insurance grade, you can enjoy road rescue, drunk driving, annual inspection, legal aid and local quality services. In terms of product innovation, after the reform of commercial vehicle insurance terms and rates, the industry's first innovative product was launched in China through emerging technologies such as electronic documents, AI intelligent voice and customer wechat platform.

Company products

motor vehicle insurance

Enterprise property insurance

Family property insurance

engineering insurance

Ship insurance

Cargo transportation insurance

liability insurance

Credit guarantee insurance

agricultural insurance

Short term health insurance

Accident insurance

Social welfare

Since its establishment 33 years ago, China property insurance has always kept its original intention in mind, kept in mind its social responsibility and mission of serving economic development and people's livelihood, gave full play to the advantages of insurance companies in helping the poor, and made unremitting efforts to help students, poverty alleviation, charitable donations and other social public welfare undertakings.

（1

）Public welfare activities

In order to enhance children's awareness of road traffic safety and reduce the incidence of children's traffic accidents, China property insurance company has continuously carried out "hand in hand" children's traffic safety training since 2015