China Taiping is the oldest national brand of insurance industry in China, and 1929 was founded in Shanghai. 1956 Taiping insurance, together with other national insurance companies, became a member company of the former People's Insurance Company of China, specializing in overseas business. 1999 was ordered to fully control all overseas operating institutions of the former People's Insurance Company of China, and gradually developed into the only multinational comprehensive insurance group in China insurance industry. 200 1 re-enter the domestic market. In 2009, the brand integration of subordinate companies was completed. In 20 13, China Taiping completed the group reorganization and overall listing.
After 86 years of hard work, China Taiping has developed into a large multinational financial and insurance group with 6,543.8+0.7 million employees, 24 subsidiaries, more than 6,543.8+0.4 million business organizations at all levels and total assets of 350 billion. Its business areas involve Chinese mainland, Hong Kong, Macao, North America, Europe, Oceania, East Asia and Southeast Asia. The business scope covers life insurance, property insurance, endowment insurance, reinsurance, reinsurance brokers and insurance agents, asset management, securities brokerage, financial leasing, real estate investment, pension industry investment and e-commerce. , a full range of businesses, providing customers with one-stop comprehensive financial and insurance services.
Since 20 12, China Taiping has seized the important strategic opportunity brought by the middle management. On the basis of comprehensive argumentation, the long-term development plan of building a "domestic leading and international first-class comprehensive financial and insurance group" and the strategic goal of "building a new peace in three years" have been formulated. The whole group has entered the fast lane, and its professional operation ability has been continuously improved, achieving sustained, healthy and rapid business development. In order to further improve the corporate governance structure, improve the management level, and continuously create value for shareholders and society, China Taiping completed the group reorganization and went public as a whole on 20 13. 2065438+On June 27th, 2003, the restructuring was officially approved by the China Insurance Regulatory Commission, marking a key step for China Taiping to accelerate the construction of a first-class financial and insurance group.
20 14 is the closing year of China Taiping's "Building a New Taiping in Three Years". All Taiping people overcame difficulties and the market, and successfully completed the strategic goal of "three-year reconstruction". By the end of 20 14, the group's total premium income was 88.6 billion yuan, up 29% year-on-year; The total assets were RMB 3,536,543.8+billion, a year-on-year increase of 39%.
; Net profit increased significantly year-on-year. Not only the total premium, total assets and net profit are doubled compared with the overall high quality of 20 1 1, but also the intangible abilities such as management, innovation, service, collaboration, market control and industry influence have been improved, and the development quality and brand value have been significantly enhanced. Following the successful completion of the "three-year reconstruction", China Taiping made great efforts to implement the "boutique strategy", which opened a new chapter in building "the most distinctive and potential boutique insurance company".
China Taiping Insurance Holdings Limited (HK00966) was listed on the Hong Kong Stock Exchange in 2000. It is the first Chinese insurance company listed overseas in China insurance industry. It has been selected as one of the top 500 companies in the world for six consecutive years, providing a solid capital operation platform for the operation and strategic development of China Taiping Group.
Life insurance business is the strategic supporting force for the sustainable development of China Taiping and the main contributor to the group's business and profits. Taiping Life Insurance Co., Ltd., a subsidiary of Taiping Life Insurance Co., Ltd., insists on professional and systematic operation, with steady business development, good business structure, good reputation, management level, operating environment and development prospects, and has obtained Fitch International's "A-" rating.
Property insurance business covers Chinese mainland, Hong Kong and Macao, with branches in Europe, Oceania, East Asia and Southeast Asia. Among them, domestic property insurance is an important driving force for the development of the group's property insurance business and an important source of premium growth, while overseas property insurance provides a stable profit source for the group's value growth with international operation and professional management.
The endowment insurance business provides comprehensive insurance financial services for enterprise group customers, including professional enterprise annuities and employee welfare protection plans. The pension insurance business takes enterprise annuity as its core, covering various pension products, management and services such as enterprise annuity entrustment and investment, entrusted management of old-age security, occupational annuity and so on. The company's employee welfare protection business covers providing products, management and services such as life insurance, accident insurance, supplementary medical care and health management for various enterprises and groups.
Reinsurance business is a new growth point and stable profit source for the sustainable and healthy development of China Taiping. Taiping Reinsurance Co., Ltd., a subsidiary of the Group, has been operating for more than 30 years and is one of the best reinsurance companies in Asia.
As an important pillar of China Taiping's profitability and sustained and healthy development, asset management business is an important pillar of China Taiping Insurance Group's comprehensive operation, sustained value growth and sustained improvement of its profitability. The unified asset management platform jointly established by Taiping Asset Management Co., Ltd. and Taiping Financial Holdings Co., Ltd. provides professional management and reliable guarantee for insurance fund utilization, financial asset operation and third-party asset management.
The framework of China Taiping's customer-centered comprehensive financial service platform has initially taken shape. The establishment of the Group Shared Service Center integrates many resources such as billing, dual-core operation, IT, customer data management and service, call center and financial operation. , and realize the centralized management of customer data, centralized insurance operation services and centralized financial information data processing, and provide comprehensive and diversified comprehensive financial insurance products and services for corporate customers and individual customers.
Priority is given to quality and benefit, and risk management comes first. China Taiping implements unified vertical auditing and comprehensive risk management for the whole group, and its internal control management and comprehensive risk management are in the leading position in the industry.
With professional management and sound financial management, at present, nine institutions under the Group have been awarded "A" rating by international rating agencies continuously, making it the largest insurance group with international A rating in China. The overall credit rating of the Group and the international ratings of Taiping Hong Kong, Taiping Tsai and Taiping Macau were all upgraded to A, and Fitch gave Taiping Life an "A-" rating for five consecutive years.
"Inter-group resource sharing, cross-border flow of talents, unified development of customers, and global access to services" are the distinctive features of the group's cross-border comprehensive operations, and "one customer and one harmony" is the goal of the group's comprehensive services. China Taiping will take "creating a prosperous and safe life" as its own responsibility and adhere to the concept of "operating with care and serving with integrity", and strive to build a leading domestic and world-class comprehensive financial and insurance group.
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