1949: People's Republic of China (PRC) was established and China People's Insurance Company was established.

1952: foreign insurance companies have completely withdrawn from the insurance market in China.

1955: completely abolish the insurance broker system.

1958: the domestic insurance business was completely closed.

1980: Property insurance business resumed and China People's Insurance Company resumed business.

1982: reply to life insurance business.

1984: People's Insurance Company of China has been approved to set up an investment company, which can use part of its insurance reserves for investment.

1986: Bank of Communications established the insurance business department (predecessor of China Pacific Insurance), which broke the monopoly of PICC in China.

1988: Ping An Insurance Company, the first joint-stock insurance company, officially opened.

199 1 year: China Pacific life insurance co., ltd, formerly known as the insurance business department of bank of communications.

1992: AIA Shanghai branch, the first foreign life insurance company, was established, and the life insurance agent system was introduced.

1994: China ping an insurance company introduced foreign capital to share.

1995: The first edition of People's Republic of China (PRC) Insurance Law was promulgated.

1996: started to operate separately, and split the business of China People's Insurance Company to form PICC Property Insurance Co., Ltd., PICC Life Insurance Co., Ltd. and China Reinsurance Company.

Hong Zhong Insurance, the first Sino-foreign joint venture life insurance company, was established in Shanghai.

1998: China Insurance Supervision Reading Management Committee was established.

Established Sino-foreign joint venture life insurance companies such as Pacific Antai Life Insurance, Allianz Volkswagen and Jinsheng Life Insurance.

The People's Bank of China issued the Table of Disability Degree and Insurance Payment Proportion in Personal Insurance, stipulating that the definitions of disability degree and insurance payment proportion in all new business terms must be implemented according to the Table of Disability Degree and Insurance Payment Proportion in Personal Insurance from 1 July 19991.

1999: Insurance companies are allowed to enter the securities market indirectly through securities investment funds.

Chinese mainland's first insurance broker qualification examination.

China Life Insurance Company was established with the approval of the State Council (formerly known as China People's Insurance Company established by 1949 and PICC Life Insurance Company separated by 1996).

Sino-foreign joint venture life insurance companies such as Everbright Yongming and Xincheng (Guangzhou) have been established one after another.

Ping An Insurance launched the first investment-linked insurance product-Century Financial Investment-linked Insurance.

2000: China Insurance International Holdings Limited is listed on the Hong Kong Stock Exchange.

Chinese-funded life insurance companies such as Minsheng Life Insurance, Oriental Life Insurance, Life Insurance and Hengan Life Insurance have been established one after another.

Established Sino-foreign joint venture life insurance companies such as Bao Zhong Kanglian Life Insurance and Hengkang Tianan Life Insurance.

China Pacific Insurance launched the first universal life insurance product-Ping An Shengshi Changfa.

200 1: the mainland is allowed to join the WTO, and three foreign-funded companies, new york Life, Metropolis and Japan Life, have obtained business licenses.

Insurance association of china was founded.

In 2002, the CIRC cancelled the qualification of insurance companies to invest in securities and funds, and the administrative examination and approval items such as the use of overseas funds by insurance companies.

Taikang Life Insurance launched the first "guaranteed product"-bancassurance "assured financial management" investment-linked insurance.

In 2003, CIRC allowed foreign-funded life insurance companies to provide health insurance, group insurance and pension/annuity insurance, and cancelled the geographical restrictions on the establishment of branches by foreign-funded insurance institutions.

2004: Taiping Pension Insurance Co., Ltd., the first professional annuity insurance company, was approved for construction.

Ping An Insurance is listed on the Hong Kong Stock Exchange.

2005: The China Insurance Regulatory Commission and the China Securities Regulatory Commission jointly issued the Interim Measures for the Administration of Stock Investment of Insurance Institutional Investors, and insurance funds were allowed to enter the market directly.

The new life table was approved by the China Insurance Regulatory Commission.

By the end of 2005, there were nearly 65,438+000 life insurance companies in China, including 40 foreign-funded companies and 65,438+092 offices set up by foreign-funded insurance institutions in China.

The opening of Ping An Bank in the annex marks the beginning of the embryonic form of the financial holding group under Ping An's name.

In 2006, the People's Bank of China issued the Announcement of the People's Bank of China (No.5, 2006), which made important adjustments to the foreign exchange management policy and allowed insurance companies to purchase foreign exchange with their own RMB funds for overseas investment.

In 2007, insurance association of china issued the definition and use standard of critical illness insurance in 2007, which made a unified standard for the diseases involved in critical illness insurance.