Guoren Insurance

Guoren Property & Casualty Insurance Co., Ltd. (hereinafter referred to as "Guoren Insurance"), formerly known as Cinda Property & Casualty Insurance Co., Ltd. ("Cinda P&C Insurance"), is a nationwide insurance company approved by the insurance regulatory authority and established in Beijing in August 2009. Its current registered capital is RMB 4.007 billion. In January 2018, the company was renamed "Guoren Insurance". At the end of March 2019, the company's registered address was moved to Shenzhen, and it is now a financial headquarters enterprise in Shenzhen.

I. Development Vision

Leveraging the geographical advantages of the "Guangdong-Hong Kong-Macao Greater Bay Area" and the "Pilot Demonstration Area of Socialism with Chinese Characteristics," Guoren Insurance adheres to the core business philosophy of "deepening reform, innovation and transformation, and value-driven development." It establishes a customer-centric, data-driven, and open-sharing platform business model, continuously promotes high-quality and sustainable development, and gradually builds itself into a modern property insurance company with core competitiveness in digital technology. It strives to become a "pioneer in innovation and transformation, a model in serving customers, and a benchmark in technology application," committed to being an excellent enterprise respected by the market, loved by employees, and trusted by shareholders.

II. Introduction to Shareholders

In April 2017, with the approval of the insurance regulatory authority, Shenzhen Investment Holdings Co., Ltd. became the controlling shareholder of Guoren Insurance with a shareholding ratio of 41%, making Guoren Insurance a property insurance company controlled by Shenzhen municipal state-owned assets. Other shareholders include a total of 18 large and medium-sized state-owned enterprises and outstanding private enterprises, such as Lianmei Quantum Co., Ltd., Shenzhen Luohu Guidance Fund Investment Co., Ltd., China Cinda Asset Management Co., Ltd., Beijing Oriental Xinda Asset Management Corporation, and China Railway Construction Investment Group Co., Ltd.

III. Products and Business

The business scope of Guoren Insurance mainly includes: property damage insurance, liability insurance, credit insurance, guarantee insurance, short-term health insurance, and accidental injury insurance; reinsurance business for the above-mentioned businesses; and agency life insurance, annuity insurance, health insurance, and accidental injury insurance.

On the basis of traditional property insurance business, the company vigorously develops new insurance types and new businesses such as technology insurance, health insurance, agricultural insurance, credit and guarantee insurance, and internet insurance, creating new products, new businesses, and new models. It always adheres to a "customer-centric" approach, implements technological and service innovation, continuously improves service levels and customer experience, and is committed to providing comprehensive and high-quality insurance services to society.

Guoren Insurance adheres to the dual-wheel drive of "insurance + investment" and continuously strengthens investment capability. Since 2019, the company has successively obtained three investment capabilities approved by the China Banking and Insurance Regulatory Commission: unsecured bonds, equity, and stocks. The company's investment varieties have become more abundant, asset allocation portfolios have been continuously optimized, and in recent years, the investment return rate has surpassed the industry average.

IV. Network and Services

At present, the company's institutional network has basically covered key economic regions across the country. Among them, it has set up 24 second-level institutions in Beijing, Shenzhen, Guangdong, Shanghai, Henan, Inner Mongolia, Jiangsu, Xinjiang, Zhejiang, Chongqing, Shandong, Sichuan, Hebei, Shanxi, Liaoning, Hubei, Shaanxi, Qingdao, Ningbo, Hunan, Yunnan, Guangxi, Guizhou, and Suzhou, with more than 200 third-level and fourth-level institutions.

Guoren Insurance has opened a 7×24-hour national unified customer service hotline, sincerely providing high-quality product and service consultation to all customers.