Which insurance company is PICC?

The People's Insurance Company of China belongs to the People's Insurance Company of China.

1. Company Profile:

The People's Insurance Company of China (hereinafter referred to as PICC or People's Insurance Company) was established in 1949. It is a comprehensive insurance (financial) company and Central Financial Enterprise is a very powerful company in the global insurance industry. The company logo is PICC in English. It owns PICC Property & Casualty, PICC Life, PICC Assets, China Trust Trust, PICC Health, PICC Pension, PICC Investment Holdings, PICC Capital, PICC Reinsurance, PICC Hong Kong and PICC Financial Services.

2. Company corporate culture:

The value concept of PICC consists of four parts: mission, vision, values ??and entrepreneurial spirit.

The mission of "People's Insurance, serving the people" is the development purpose of PICC, the vision of "building a global outstanding insurance group" is the development goal of PICC, and the values ??of "integrity, professionalism, innovation and excellence" It is the development path of PICC, and the corporate spirit of "responsibility, collaboration, integrity, and dedication" is the requirement of the times for PICC's values. These thirty-four words constitute the basic content of PICC’s value concept.

3. Company history:

On October 1, 1949, the People's Insurance Company of China was established in Beijing, marking a new page for China's insurance industry.

On July 23, 1996, the People's Insurance Company of China was reorganized into the People's Insurance Company of China (Group) Company, which consists of China Insurance Property Insurance Co., Ltd., China Insurance Life Insurance Co., Ltd., and China Insurance Reinsurance Company.

On May 23, 2002, the opening ceremony of the New York Representative Office of the People's Insurance Company of China was grandly held in New York, USA. This is the second overseas branch established by PICC after the London representative office.

On July 19, 2003, with the approval of the State Council, the People's Insurance Company of China was reorganized and renamed PICC Holding Company. At the same time, it initiated the establishment of the largest non-life insurance company in mainland China, the People's Insurance Company of China. Co., Ltd. and the first insurance asset management company - PICC Asset Management Co., Ltd.

In November 2020, the People's Insurance Company of China held the 2020 annual strategy seminar, established the "Excellent Insurance Strategy", and sounded the charge to start a new journey to build a new PICC.