China Taiping Insurance Holdings Company Limited (0966)

Overview

China Taiping Insurance Holdings Company Limited, established in 2000 and headquartered in North Point, Hong Kong, functions as a comprehensive insurance provider with a focus on the People's Republic of China, Hong Kong, Macau, Singapore, and has a presence internationally. Initially known as China Insurance International Holdings Company Limited, the entity underwent a rebranding to its current name in August 2009, signifying its broader scope and connectivity across global markets. The company operates majorly through three segments: Life Insurance Business, Property and Casualty Insurance Business, and Reinsurance Business, delivering a wide array of products and services tailored to meet the diverse needs of its clientele. Apart from its core insurance offerings, China Taiping also diversifies its operations into asset management, insurance intermediary, financial leasing, property investment, securities dealing, and broking, along with ventures into elderly care investment and fund management. As an integral part of China Taiping Insurance Group (HK) Co. Ltd., it leverages its substantial background to provide corporate and personal retirement insurance products, while also offering services like insurance broking, agency services, and a unique back-to-back financing arrangement.

Products and Services

• Life Insurance Business

  Offers a variety of life insurance products aimed at individuals and groups, including health and accident insurance, alongside annuities. These products are designed to provide financial protection and peace of mind for policyholders, taking care of their long-term financial planning needs.

• Property and Casualty Insurance Business

  This segment encompasses compulsory motor insurance, liability insurance, credit insurance, guarantee insurance, and short-term accident and health insurance. Additionally, it extends to offering related reinsurance products aimed at providing comprehensive coverage for both personal and commercial properties against a diverse array of risks.

• Reinsurance Business

  Facilitates property damage, life, marine cargo and hull, and various miscellaneous non-marine reinsurance products. By offering these services, China Taiping enables insurance companies to manage risk more effectively, spreading the liability across different entities to ensure stability within the insurance industry.

• Asset Management and Insurance Intermediary Services

  The company also delves into asset management, offering tailored solutions for wealth preservation and growth. Furthermore, it provides insurance intermediary services, facilitating a bridge between insurance providers and policyholders, thus ensuring better coverage options and customer satisfaction.

• Financial Leasing and Property Investment

  Engages in financial leasing to offer flexible financing options to businesses, along with making strategic property investments aimed at portfolio diversification and generating stable long-term returns.

• Securities Dealing and Broking

  Through its securities dealing and broking services, China Taiping furnishes its clients with opportunities in securities investments, catering to both individual and institutional investors seeking to navigate the capital markets effectively.

• Elderly Care Investment

  Recognizing the growing demand for elderly care, China Taiping ventures into this sector, aiming to provide quality care services and facilities for the aging population. This initiative reflects the company's commitment to social responsibility and its vision to cater to the comprehensive needs of its community.

• Insurance Broking and Agency Services

  Offers comprehensive broking and agency services, ensuring that clients have access to the best insurance products that align with their needs. By providing expert advice and facilitating the insurance purchase process, China Taiping enhances customer experience and satisfaction.