China Pacific Insurance (Group) Co., Ltd. Overview
Pro stress-test →China Pacific Insurance (Group) Company, Ltd. operates as an integrated insurance services provider offering life and property insurance products. CPIC Group is the second largest property insurance company (after People's Insurance Company of China) and the third largest life insurance company (after China Life Insurance and Ping An Insurance) in Mainland China.
Strategic Profile
Pro stress-test →The company strives for an integrated financial services platform that consists of insurance, banking, and asset management. China Pacific Insurance's trusted brand and extensive distribution network establish a strong foundation for steady long-term growth, thanks to continuing improvements in agent productivity and the company's stronger-than-peer capital position.
Competitive Landscape
Pro stress-test →As China's third-largest life insurer and second-largest property insurer, CPIC competes with People's Insurance Company of China and Ping An Insurance as leading competitors in the Chinese market. The company leverages multi-channel distribution including agents, bancassurance, and digital platforms to maintain market share.
Industry Context
China Pacific Insurance (Group) Co., Ltd. operates in Financial Services - Insurance (Life & Property/Casualty).
Key facts
Founded: 1991 · Headquarters: Shanghai, China · Employees: 94,990 · Revenue: $43.3B (2024) · Market cap: $431B CNY (approximately $53.9B USD as of 2024)