Property and Casualty insurance is one of the Ping An’s core business operations, and has achieved steady growth for the past 29 years. Ping An Property and Casualty Insurance Company of China, Ltd. was established in 2002.
Ping An Property and Casualty Insurance provides country-wide services from its 42 branch offices and over 2,200 sub-branch offices. The company also has established a representative agent network in almost 400 cities in 150 countries and regions, developing business relationships with over 160 insurance and reinsurance companies, including China Reinsurance, French Reinsurance, Munich Reinsurance and Swiss Reinsurance.
The company had over 3 million corporate customers and 47 million individual customers as of December 31, 2016. Thanks to its professional and high-quality service, Ping An Property and Casualty Insurance has developed a prestigious image in China.
Ping An Property and Casualty has strong pricing and underwriting capability due to the value-driven corporate culture, centralized control structure, experienced actuarial team and professionalism of its underwriting staff. Moreover, the company believes that its information technology platform, centralized customer database and professionalism of the claims processing staff enable the company to be more competitive in the areas of customer service and claims control.
Ping An Insurance (Group) Company of China, the first insurance company in China to have a shareholding structure, was established in 1988 in Shenzhen. Today, it has developed into an integrated financial services conglomerate with three core businesses: insurance, banking, and investment. The Group’s shares are listed on the Hong Kong Stock Exchange under the stock code “2318” and on the Shanghai Stock Exchange under “601318”.
Ping An Property & Casualty had its premium income exceeding 178 billion RMB and was ranked the second largest in its field in China. The Group’s consolidated total assets and equity attributable to shareholders of the parent company amounted to RMB 5.57 trillion and RMB 486 billion, respectively.
Ping An was ranked No.16 in Forbes’ Global 2000 league table in 2017, No.39 in U.S. Fortune Magazine’s Global 500 Leading Companies ranking, and No.1 among China’s non-State owned enterprises. Apart from these accolades, Ping An was ranked in WPP Millward Brown’s BrandZ as the 1st among all insurance brands worldwide, and it ranked 6th on the “Best Chinese Brand” ranking by Interbrand, the largest brand consultancy in the world, making it the top insurance brand in China.
Mr. Roger J.P.Sun – Chairman and CEO