China Pacific Insurance (Group) Co. Ltd. (referred to as CPIC hereafter) was an insurance group company formed on the basis of China Pacific Insurance Company Limited which was incorporated on May 13, 1991. Headquartered in Shanghai, it is a leading comprehensive insurance group in China listed in both Shanghai and Hong Kong.
The company played its role as a cushion of economic and social shocks, paying out a total of RMB 560 billion in claims in the past 10 years. In particular, it provided timely claims handling service for major accidents and natural disasters, such as the severe car accident on Jingkun Highway, the earthquake of Jiuzhaigou, Typhoon Hato and Typhoon Nasat. Through programs such as Taihaopei, Taiyipei and E-Agricultural Insurance, it brings ease and convenience to its customers. Its life and property and casualty operations were both rated the top-notch A and AA at the Annual Business Operation Evaluation and Customer Service Evaluation respectively, becoming a new norm in business development and service of the industry.
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