- CEO
- Fu Fan
- Full Time Employees
- 91,639
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- 1 South Zhongshan Road Shanghai SH China 200010
- IPO Date
- Dec 25, 2007
- Business
- China Pacific Insurance (Group) Co., Ltd. (CPIC) is a leading integrated insurance group in China that provides a comprehensive range of insurance and financial services to individual and institutional customers. The company operates primarily through its Life and Health Insurance, Property and Casualty Insurance, Asset Management, and Other Business segments; it offers life insurance products including endowment, health, juvenile, critical illness, and petty insurance; property and casualty insurance encompassing automobile, liability, agricultural, commercial property, accident, property indemnity, statutory liability, medical, and credit and guarantee coverage; pension and annuity insurance; reinsurance products; and asset management services such as investments with insurance funds, pension fund management, private equity investment fund management, and non-residential real estate leasing. CPIC also provides ancillary services including real estate development and operation, property management, consulting, medical and health services, seniors and disabled care, elderly nursing, hospital management, cloud computing, big data, and technical consulting through its subsidiaries like China Pacific Life Insurance Co., Ltd., China Pacific Property Insurance Co., Ltd., and China Pacific Asset Management Co., Ltd. The company sells its products directly as well as through agents, bancassurance, telemarketing, and internet channels, primarily targeting customers in the People's Republic of China with nationwide marketing networks.
Founded in 1991 and headquartered in Shanghai, China, CPIC holds full insurance licenses covering life, property, pension, health, agricultural insurance, and asset management; it became the first Chinese insurer to list shares on the Shanghai Stock Exchange in 2007, with additional listings on the Hong Kong and London exchanges.
In recent developments, CPIC launched the Taibao Zhiyuan No. 1 private securities investment fund with a target size of 20 billion yuan and the Taibao Zhansheng M&A private fund with a target size of 30 billion yuan in June 2025 to enhance insurance fund investments in China's secondary and mergers and acquisitions markets. The company expanded internationally through a May 2025 strategic bancassurance partnership in Thailand involving Bank of China (BOC Thai), Mitsui Sumitomo Insurance Thailand Branch, and MSIG Thailand to distribute comprehensive insurance products to Thai and international clients, including Chinese enterprises. In its Q3 2025 earnings, CPIC reported strong growth in inclusive insurance premiums up 12.2% year-on-year to 16.29 billion yuan, with plans for 2026 to promote critical illness products via agents to a 10% share, introduce participating critical illness products pending policy approval, and focus on group health and long-term care insurance.