Huatai Property & Casualty Insurance Co., Ltd

Huatai Property Insurance Co., Ltd

Huatai Property Insurance Co., Ltd. is the first national joint-stock property insurance company in China. It officially opened in Beijing on August 29, 1996, with a registered capital of 1.333 billion yuan. Most of its 54 shareholders are large enterprises and enterprise groups with strong strength, large scale and good benefits, covering 24 industries including petroleum, electric power, metallurgy, chemical industry, aviation, shipbuilding, etc., with a total assets of more than 2 billion yuan Trillion yuan. The company has about 1500 employees and has set up branches in 30 cities across the country, which has formed a nationwide business layout.

Company profile

Huatai Property Insurance Co., Ltd. is the first national joint-stock property insurance company in China. It officially opened in Beijing on August 29, 1996. More than 50 shareholders are large enterprises and enterprise groups with strong strength, large scale and good benefits, covering 30 industries including finance, petroleum, electric power, metallurgy, coal, chemical industry, aviation, shipbuilding, shipping, machinery, etc. As the first joint-stock property insurance company in China, Huatai has continuously improved its corporate governance structure, established an organizational structure with clear responsibilities and rights and a rigorous and standardized risk control mechanism. In May 2002, ACE group, a famous insurance group in the world, participated in Huatai, bringing Huatai advanced business philosophy and global business support network. In January 2005 and April 2005, Huatai asset management company and Huatai life insurance company, with Huatai Property Insurance Company as the main investment body, opened one after another, marking that Huatai has taken a solid step on the road to collectivization.

Company development

Asset development

Since its establishment, the company has continuously summed up its practical experience, formed the strategy of "intensive management, professional operation, quality and benefit oriented development", and walked out the road of "rapid development, sustainable development and management keeping up" with Huatai characteristics. The average annual growth rate is about 28.19%; the income under the investment is 1.259 billion yuan, with an average annual return rate of 8.68%, leading the industry; the company's net profit has reached 850 million yuan, maintaining a stable profit and dividend level. By the end of December 2004, the total assets of the company had reached 5.6 billion yuan, and the solvency of the company was sufficient, reaching 13 times of the standard stipulated by CIRC.

brand building

In July 2003, Huatai Insurance Company held a strategic implementation seminar and decided to start the brand building project. It started from brand building with ACE group, a strategic partner in the United States, and gradually developed into a new positioning of Huatai brand. in May 2004, Huatai Insurance Company completed the first stage of brand analysis; in August of the same year, the principle of brand positioning was determined; in November, the modified design scheme of Huatai Insurance Company logo was completed; in December, the brand positioning was confirmed and the new logo was approved. On January 6, 2005, Huatai Insurance Company held the "Huatai international disaster relief donation ceremony and brand promotion conference", donating 1 million yuan to the affected countries in the Indian Ocean earthquake and tsunami disaster. At the same time, the company's new logo was officially launched. In January 2005, the brand building project of Huatai Insurance Company entered the stage of comprehensive promotion. The company has carried out staff education with the theme of "new opportunities, new image and new starting point" within the company, and carried out various forms of publicity and promotion activities to give Huatai brand life. By April 2005, the publicity work of Huatai Insurance Company's brand building project had been in full swing. All branches of Huatai Insurance, Huatai asset management company and Huatai life insurance company have actively carried out rich publicity activities, strengthened employees' further understanding of Huatai brand and firmly established brand awareness; meanwhile, they have adopted various ways to widely publicize in the society and established a good image of Huatai brand.

Premium development

The development of premium income of Huatai Property Insurance from 2005 to 2012 is as follows:

Social word of mouth development

2006 is the 10th anniversary of Huatai. The company held a celebration meeting, held a music evening, photography and painting competition, and published the anthology of "walking with Huatai" and the album of "ten years of Huatai". In 2006, Huatai was awarded the title of "excellent corporate citizen of China in 2006" at the "second commendation conference of excellent corporate citizen of China" jointly sponsored by China corporate citizenship Committee and CCTV, and Chairman Wang Zimu was awarded the title of "the most socially responsible entrepreneur" in China; in the 14th World productivity conference, Huatai was awarded the title of "China in the world market"（ Huatai has also been rated as one of the "top ten honest brands in China's insurance market" by the China Federation of entrepreneurs, and the company's internal publication Huatai Shinkansen has won the annual national outstanding newspaper award. The company has also set up Huatai University grant, which provides a total of 300000 yuan for 100 poor college students in Peking University.

Major shareholders

As China's first national joint-stock property insurance company, Huatai's 50 shareholders are mostly large enterprises and enterprise groups with strong strength, large scale and good benefits, covering electric power, electronics, machinery, petroleum, chemical industry, metallurgy, non-ferrous metals, construction, building materials, coal, shipping, aviation, railway, transportation, forest industry, pharmacy, light industry, tobacco, textile and real estate There are 24 industries including food production, tourism, trade, materials, grain storage and transportation. Shareholders include: anda Tianping reinsurance Co., Ltd. (English name is "acetempest reinsurance Limited"), China Petrochemical Corporation, China Resources Co., Ltd., Sinopec Finance Co., Ltd., anda North America Insurance Holding Company (English name is "aceinaholdings Inc.") anda us holding company (English name is "aceushold") Shenzhen Yixin Investment Co., Ltd., State Grid Corporation, CNOOC Investment Holding Co., Ltd., Yunnan Hongta Group Co., Ltd., Yiyang Group Co., Ltd., Yankuang Group Co., Ltd., Baosteel Group Co., Ltd

Types of insurance

Personal insurance, commercial insurance, accident insurance, investment and financing insurance

corporate culture

brand

Vision goal Huatai's brand consists of vision goal, corporate mission, service commitment, corporate slogan and corporate logo.

Vision and goal

Huatai's vision is: steady operation, innovative development, Huatai into a professional, international, high-quality financial and insurance services group. We have a well-organized, first-class professional team, with a highly professional attitude, leading technology and rigorous management, to open up the target market and promote business development; relying on a strong financial foundation and outstanding investment ability, with the support of ACE group, our strategic partner, we provide personalized and high-quality services with international standards, and fulfill our strong commitment to customers and shareholders We will build Huatai into a professional, international and high-quality financial and insurance service group (including property insurance, life insurance, asset management, etc.) through steady operation and innovative development.

Corporate mission

Huatai's mission is: to provide customers with permanent and reliable protection; to provide employees with a platform to fully display their talents; to create growing investment value for shareholders; and to contribute more to the establishment of a harmonious society.

Brand commitment

Huatai's commitment is: "professional quality, permanent protection.".

Enterprise slogan

Huatai's slogan is: "Huatai Insurance, accompany forever!"

Huatai's new logo

The launch of new logo is an important part of the company's brand project, which is of symbolic significance. It marks that Huatai has ushered in new development opportunities, that Huatai is determined to meet market challenges with a new look, and that Huatai has entered a new era of brand creation and a new starting point.

Enterprise advantage

Good asset management ability is an important part of Huatai's core competitiveness. Huatai asset management company has a professional investment project management team. Remarkable achievements have been made in the use of funds, and the bond business performance has maintained a leading position in the national financial market. Huatai has been rated as "excellent unit of national inter-bank bond market settlement business" for many times. In 2001, it was recommended by the Ministry of Finance and approved by the National Council of social security fund, becoming the first social security fund bond purchaser in the insurance industry.

Company address

International enterprise building, 35 Financial Street, Xicheng District, Beijing

Enterprise honor

In June 2011, Huatai Insurance was awarded the "best service enterprise award" at the first "China insurance brand competitiveness summit" jointly held in Beijing by the website of financial circles, insurance weekly of Securities Daily and insurance School of University of international business and economics.
Huatai Insurance won the award of the best property insurance company for claim settlement service in the 2010 CICC online financial ranking.
In the competition ranking of Asian insurance companies in 2010, Huatai Insurance was ranked sixth in Asian non life insurance companies and fourth in China (mainland) non life insurance companies for the second year in a row with its outstanding performance in various aspects.
In 2009, Huatai ranked sixth in Asia's non life insurance companies and fourth in China's non life insurance companies due to its strong profitability, stability, sufficient compensation reserves and market share.
In 2006, Huatai Insurance won the title of "the first full custody of insurance funds" in the annual business review of insurance industry of "insurance manager". In 2006, Huatai Insurance was awarded the title of "world market"

Chinese PinYin : Hua Tai Cai Chan Bao Xian You Xian Gong Si