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Company Profile
China Pacific Property Insurance Co Ltd Shenzhen Branch
China Pacific Property Insurance Co Ltd (hereafter referred to as CPIC Property) is a property and casualty insurer based in Shanghai held by CPIC Group with a registered capital of RMB 4.088 billion.
CPIC Property offers a variety of property insurance, short-term health insurance and accident insurance. Its products and services cover a wide range of industries including electricity, automobile, machinery, chemistry, electronics, water conservancy, construction, bridges, roads, space and aviation marine and high-tech. It has employed agents in more than 350 major port cities in over 130 countries and regions and established business ties with both domestic and international insurers, re-insurers and related institutions. CPIC Property has 40 branches, more than 2000 grass-roots offices and a direct sales team of around 14800 sales representatives.
Committed to the core values of “business integrity, sustainable growth and pursuit of excellence”, CPIC Property strives to provide quality risk management services for its clients. In 2008, it realized a total premium of RMB 27.875 billion with a year-on- year increase of 18.7% (excluding China Pacific Insurance Co.,
Pacific Asset Management Co., Ltd. was founded on June 9, 2006. It was held by CPIC Group, headquartered in Shanghai and registered capital totaling RMB 500 million.
The company adheres to the core value of pursuing steady growth and excellence with business integrity, and follows the business philosophy of professional, steady and excellent service. Its line of business: managing and using self-owned capital and premiums, entrusted capital management business, capital management-related consulting services, and other asset management business permitted by laws and regulations. By the end of 2008, the total asset and net asset of the company reached RMB 649 million and RMB 541 million respectively, with net profit of RMB 18 million.
The company gives priority to clients’ interests. It has established complete mechanism for entrusted capital management, so as to fully protect the interests of the clients and give fair treatment to every client. It has opened separate accounts for different entrusted capital, aiming to prevent moral risks. The company will communicate with its clients in making investment decisions offers tailor-made investment services.
The company has 108 employees. All investment managers hold master or above degrees with rich experience, among which 16 holding doctor’s degree, 14 are CFAs and 18 once studied or worked abroad.
Growth strategy in the coming five years: develop into a leading asset management company in China with optimized corporate governance, diversified services, characteristic of complete governance structure, scientific investment, strict risk control, excellent services and innovation.
China Pacific Insurance Co., (H.K.) Ltd. is a wholly-owned subsidiary of China Pacific Insurance (Group) Co., Ltd., with a registered capital of HKD 250 million. The company was founded in April 1994 in Hong Kong, after the approval of the State Council of PRC and the Hong Kong Government.
The company engages in the general insurance business, delivering a wide range of insurance products and services including Accident and Health Insurance, Motor Vehicle Insurance, Aircraft Insurance, Ships Insurance, Goods In Transit Insurance, Property Damage Insurance, General Liability Insurance and Pecuniary Loss Insurance to corporate and individual customers. In 2009, the company generated premium income of HKD 222 million and net profit of HKD 30.76 million with total asset of HKD 503 million and net asset of HKD 344 million respectively.
Committed to the core values of “Business Integrity, Sustainable Growth and Pursuit of Excellence”, taking advantage of the synergy between Mainland China and Hong Kong, the company insists on taking root in Hong Kong, serving the public and concentrating on the needs of the customers to provide comprehensive products and services to the society.