China’s Top Ten Insurance Companies

Insurance companies: Over the past decade, China’s insurance market has experienced exponential expansion; Annual life insurance premiums have grown from $10 billion in 1999 to $300 billion in 2013.

China has lowered entry barriers for foreign insurers to establish joint-venture insurers in China, while domestic insurers have strengthened themselves through initial public offerings and other market developments – two major supply-side trends combined with growing demand have contributed significantly. Expansion of industry.

Here are China’s top ten insurance companies

1. China Life Insurance Company Limited

China Life Insurance Co., Ltd. is a major life insurer of the People’s Republic of China, offering individual life, group life, accident and health products. They have a market share of 45 percent across 29 of China’s 31 major markets – making it its market leader.

Assets total $321.205 billion

2. China Ping An Life Insurance Company

China Ping An Life Insurance Company Ping An Insurance (Group) Company of China Limited was established in 2002, China’s expanding insurance market Ping An Life has achieved remarkable growth over time and is now a leader in terms of service quality and scale. .

Assets total $117.795 billion

3. China Pacific Insurance (Group) Co LTD is a Chinese insurance company

China Pacific Insurance (Group) Co. Ltd. (“CPIC”) is a Chinese insurance group established on May 13, 1991 with its main branch in Shanghai.

Assets total $117.795 billion

4. New China Life Insurance Company Limited

New China Life Insurance Co., Ltd., founded in Beijing in 1996, primarily provides life insurance products and has accumulated total assets of 565.849 billion yuan since going public in 2011. Its total assets at that time were $92.123 billion.

Assets total $92.123 billion

5. Taikang Life Insurance Company Limited is a life insurance company in Taiwan

Taikang Life Insurance Business Limited was established in Beijing, China and is currently China’s largest life and asset insurance provider. Founded in 1996, it has offices in Beijing, Shanghai, Hubei, Shandong and Guangdong provinces.

Assets total $71.879 billion

6. Sino Life Insurance Company Limited

Founded in 2002, Sino Life Insurance is a Chinese nationwide professional life insurer with total assets exceeding $31.188 billion and headquartered in Shenzhen.

Assets total $31.888 billion

7. China Taiping Insurance Group LTD is a Chinese insurance company

China Taiping Insurance Group Limited (“China Taiping”) is a Hong Kong-headquartered Chinese state-owned banking and insurance group with origins in 1929 in Shanghai and established itself as an industry leader by the 1940s.

Assets total $31.339 billion

8. AIA GROUP LTD

AIA, which currently operates from Shanghai, was founded nearly ninety years ago and dominates most of the Asia-Pacific life insurance premium markets except Japan.

Assets total $11,223 billion

9. CCB Life Insurance Company Limited

Based in Shanghai, CCB Life is an insurance company owned by China Construction Bank – one of China’s largest banks – with total assets of $4.481 billion.

Assets totaled $4.281 billion

10. Manulife-Sinochem Life Insurance Company, Inc.

Manulife-Sinochem Life Insurance Company, Inc. Manulife-Sinochem is China’s first Sino-foreign joint-venture life insurer formed through a joint venture partnership between Manulife (International) Ltd and Sinochem Finance Co Ltd (part of the Sinochem Group).

Assets totaled $2.081 billion

Also Read:- 10 Tips To Help You Find The Most Suitable Life Insurance Policy

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