Approved by the People's Bank of China and authorized by the China Insurance Regulatory Commission, it was officially established on February 7, 1994, as the first national professional insurance loss adjusting service institution in China specializing in insurance loss adjusting and related businesses, with a registered capital of RMB 50 million. The company's main businesses include: property insurance loss adjusting and risk assessment, automobile insurance loss adjusting, medical and health insurance loss adjusting, and auto parts quotation services. Since the China Insurance Regulatory Commission began compiling statistics on loss adjusting business revenue in 1999, Mintaian has ranked first in the domestic industry for nine consecutive years. In 2007, its loss adjusting service fee revenue exceeded RMB 140 million, a year-on-year increase of 63% compared with 2006, accounting for 19.23% of the national insurance loss adjusting market share.
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