Is Great Wall Insurance Company a state-owned enterprise?

It is not a state-owned enterprise.

Great Wall Life Insurance Co., Ltd. (hereinafter referred to as "Great Wall Insurance") is a national life insurance company approved by the China Insurance Regulatory Commission.

Great Wall Insurance has high aspirations and stable operations. With the goal of "building an insurance brand with the best services", it advocates "making service our way of life" and is committed to providing customers with suitable insurance products and services. Convenient services provide employees with a good working environment and room for growth.

On November 20, 2017, the China Insurance Regulatory Commission decided to prohibit Great Wall Life Insurance Co., Ltd. from declaring new products within 6 months from the date of issuance of the supervision letter.

Extended information

Great Wall Life Insurance Co., Ltd. is headquartered in Beijing Financial Street.

Beijing Financial Street Investment (Group) Co., Ltd., Hong Kong Dah Sing Life Insurance Company, Nanchang Municipal Public Investment Group, China Construction Group, and key enterprises under MCC Group involve investment, finance, real estate, and infrastructure. 11 shareholders from important industries of the national economy such as facility construction invested, with a registered capital of more than 1.575 billion yuan.

As of June 2011, Great Wall Insurance has established twelve branches in Beijing, Sichuan, Shandong, Hubei, Qingdao, Henan, Hebei, Jiangsu, Tianjin, Guangdong, Hunan, and Anhui.

Focusing on the future, Great Wall Insurance conducts operations and management in strict accordance with international standards. It has successively hired KPMG and PricewaterhouseCoopers (PWC), among the world's four largest accounting firms, for audits, and hired internationally renowned consultants. The company provides strategic planning consulting services to Watson Wyatt and Roland Berger, and hires MARSH, a world-renowned risk management company, to provide risk management consulting services. Adhering to its commitment to be responsible for its customers, Great Wall Insurance emphasizes sound operations and its solvency adequacy ratio is always higher than the requirements of the China Insurance Regulatory Commission.

Great Wall Insurance has always adhered to the protection essence of insurance products. Starting from the actual needs of customers, it has established a product system featuring "protection services" and continuously innovated according to customer segments, including maternal and infant products. A series of high-protection insurance products including insurance, self-service pension insurance and comprehensive health insurance. The ten-finger insurance was specially developed and designed for the piano genius Lang Lang, highlighting the protective nature of insurance.

Reference materials

Baidu Encyclopedia-Great Wall Life Insurance Co., Ltd.