What kind of insurance company is China PICC?

The full name of PICC in China is China People's Insurance Group Co., Ltd., which can also be called PICC. Founded in 1949 → "Where is China People's Insurance Company ranked? Is it credible? 》

It is not only the leading insurance company in China, but also one of the top 500 insurance companies in the world and one of the largest insurance companies in the world. It belongs to the central financial enterprise, that is to say, PICC China belongs to the central enterprise and is controlled by the state.

Headquartered in Beijing, it was listed in Hong Kong in 2003. It is a large state-owned property insurance company with a long history, large business scale and strong comprehensive strength in China. Its premium scale ranks among the best in the global property insurance market, and currently ranks 12 1 in the fortune world, with strong strength.

According to the official information released by China Insurance Association, in the summary of the third quarter report in 2020, the core solvency adequacy ratio of PICC China is 257.14%; The comprehensive solvency adequacy ratio is 299.31%; The risk level is level B.

Meet the following three indicators of China Banking and Insurance Regulatory Commission:

(1) The core solvency is not less than 50%.

(2) The comprehensive solvency adequacy ratio shall not be less than 100%.

(3) Its comprehensive risk rating is not lower than Grade B. ..

All data show that PICC China is a very reliable insurance company.