YINGDA TAIHE PROPERTY INSURANCE CO., LTD

Yingda Taihe Property Insurance Co., Ltd

Yingda Taihe Property Insurance Co., Ltd. is a national joint-stock property insurance company approved by CIRC. The company was founded by 31 state-owned large backbone enterprises, including State Grid Asset Management Co., Ltd., with a registered capital of 3.1 billion yuan. The company is headquartered in Beijing and was approved to open on October 28, 2008.

Company profile

The business scope of the company includes: 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.

Three decades after China's successful reform and opening up, Yingda property insurance was born. Guided by the scientific outlook on development, the company will carry forward the enterprise spirit of "striving to surpass and pursue excellence". According to the regulatory requirements of CIRC, the company will adhere to the market-oriented development direction, take efficiency as the center, seek speed from the good, operate steadily, become bigger and stronger, vigorously improve its contribution to the high-quality assets of the insurance industry, and strive to give play to the economic "booster" and social "stability" of the insurance industry The role of "instrument" bears more and greater social responsibility.

The company will resolutely implement the national financial and insurance policies, adhere to the operation in accordance with the law, advocate scientific development, promote innovative development and achieve healthy development. Under the correct guidance of CIRC, strive to build a profit growth enterprise with standardized governance structure, core competitiveness and market influence, synchronous growth of efficiency and scale, and satisfaction of customers and shareholders. To build Yingda property insurance into a "one strong and three excellent" modern insurance company with strong solvency, excellent assets, high service quality and excellent performance, which is first-class in China and well-known in the world!

Since 2008, Yingda Taihe property insurance company has experienced two shocks: natural disasters and changes in the capital market. It has established a company development idea based on the concept of benefit growth. Relying on the resources of State Grid, the company will explore the market. On the one hand, it will provide security services for the safe operation of State Grid, on the other hand, it will strive to build Yingda into a modern financial enterprise with "one strong and three excellent".

By the end of February 2009, the total premium income of State Grid business underwritten by Yingda Taihe Property Insurance Co., Ltd. has reached nearly 450 million, becoming an important power grid insurance service provider in China. In order to keep pace with the development of power grid technology and ensure to provide the most professional insurance service for the safe operation of China's backbone power grid, Yingda Taihe Property Insurance Co., Ltd. integrated resources and gave full play to its advantages, and carried out the theme activity of "approaching UHV, serving UHV and escorting UHV", striving to improve the insurance service level and further strengthen its professional and technical advantages.

Historical premium scale

The annual premium income of Yingda Taihe property insurance is as follows:

Company history

two thousand and five

Year 11

November

day

，

The State Grid Corporation of China has decided to set up a preparatory group for the State Grid property insurance company.

two thousand and eight

Year 3

June 22

day

，

The CIRC replied to the State Grid Corporation of China and agreed that the State Grid Corporation of China should initiate the establishment of Yingda Taihe Property Insurance Co., Ltd.

two thousand and eight

Year 3

June 18

day

，

Approved Yingda Taihe Property Insurance Co., Ltd. entrusted stock investment qualification

two thousand and eight

Year 7

September

day

，

CIRC approved the preparation of Yingda Taihe Property Insurance Co., Ltd.

two thousand and eight

Year 8

May 28

day

，

Yingda Taihe Property Insurance Co., Ltd. held a founding meeting in Beijing. On the same day, the first general meeting of shareholders, the first meeting of the first board of directors and the first meeting of the first board of supervisors were held.

two thousand and eight

10 years

May 28

day

，

CIRC approved the opening of Yingda Taihe Property Insurance Co., Ltd.

two thousand and eight

Year 11

June

day

，

Yingda Taihe Property Insurance Co., Ltd. officially opened.

On October 30, 2012,

According to the profitability analysis of China's property insurance companies in 2011, the most profitable property insurance companies in China.

Corporate philosophy

Yingda Taihe Property Insurance Co., Ltd. will, in strict accordance with the requirements of China Insurance Regulatory Commission, scientifically position, innovate and develop, operate in compliance with regulations, strictly control risks, face the domestic market, actively provide consumers with honest, high-quality and high value-added insurance services, and strive to make contributions to the role of economic "booster" and social "stabilizer" of the insurance industry.

Enterprise spirit

Strive to surpass and pursue excellence

Core values

Honesty, responsibility, innovation and dedication

management idea

Benefit first, service excellence, integrity, brand

Six abilities

Risk control ability marketing ability

Comprehensive service capability investment profitability

The ability of development and innovation and the ability of cultural cohesion

"Three two" development pattern

Two wings flying together: the coordinated development of group business and market business;

Two rounds of simultaneous transfer: underwriting profit and investment income develop simultaneously;

Both hands should be paid attention to: the construction of spiritual civilization and material civilization should develop together.

Corporate strategy

Company vision

Build the company into a domestic first-class and internationally famous modern insurance company with strong solvency, excellent assets, high service quality and excellent performance.

Brand strategy

Insurance expert of electric power industry

Insurance industry power expert

management strategy

High end customers of non auto insurance

High quality auto insurance business

Business development strategy

The development of the company is based on power grid business

Market development based on power business

Human resource strategy

High quality, high investment, high performance and high return

Choose good people, use good people and keep good people

Risk management strategy

To control business risk as the core, build "3114" risk control system, implement "risk elements + target management".

Corporate business

The insurance business of Yingda Taihe Property Insurance Co., Ltd. includes: motor vehicle insurance, ship insurance, enterprise property insurance, short-term accidental injury and health insurance, engineering insurance, credit insurance, family property insurance, agricultural insurance, liability insurance, electric power characteristic products, cargo transportation insurance, etc.

organizational structure

The head office has three working committees, namely, planning and budget management committee, performance appraisal committee and special risk management committee.

The office of the board of directors and the board of supervisors shall be set up under the board of directors and the board of supervisors. There are 17 functional departments under the general manager's office. The specific setting and main responsibilities are as follows:

Related companies

Yingda Taihe Property Insurance Co., Ltd. and China Power Finance Co., Ltd., Yingda Taihe Life Insurance Co., Ltd., Yingda International Trust Co., Ltd., Yingda Securities Co., Ltd., Yingda Chang'an insurance brokerage Co., Ltd., Yingda Futures Co., Ltd. are affiliated companies of State Grid Yingda international group.

Chinese PinYin : Ying Da Tai He Cai Chan Bao Xian Gu Fen You Xian Gong Si