China Pacific Insurance

China Pacific Insurance (A-share: 601601, H-share: 02601), also known as Pacific Insurance, abbreviated as China Pacific Insurance or CPIC, was formerly China Pacific Insurance Company, established on May 13, 1991, as a national joint-stock commercial insurance company approved by the People's Bank of China. In 2001, in accordance with the approval of the State Council of China and the China Insurance Regulatory Commission for the reform of the separated operation institutional system, the former China Pacific Insurance Company was renamed as 'China Pacific Insurance (Group) Co., Ltd.'. CPIC is the second largest property insurance company in mainland China, second only to China Property Insurance, and is also one of the three major life insurance companies. It operates diversified insurance services, including life insurance, property insurance, etc. In August 2016, China Pacific Insurance ranked 52nd in the '2016 Top 500 Chinese Enterprises'. [1] On July 19, 2018, the 2018 Fortune Global 500 list was released, with China Pacific Insurance ranking 220th. [2] In July 2019, it ranked 199th in the 2019 Fortune Global 500. [3] On September 1, 2019, the 2019 China Service Enterprises Top 500 list was released in Jinan, with China Pacific Insurance (Group) Co., Ltd. ranking 26th. [4] On November 19, 2019, the 2019 Asian Financial Competitiveness Selection list was announced, and China Pacific Insurance (Group) Co., Ltd. won the '2019 Brand Influence Insurance Company' award. [5] On December 18, 2019, it ranked 85th in the People's Daily 'China Brand Development Index' 100 list. On December 25, 2019, it won the 2019 People's Craftsman Brand Award. In March 2020, it was selected as 132nd in the 2020 Global Brand Value 500. [6] On March 21, 2022, when a Boeing 737 aircraft of China Eastern Airlines crashed, China Pacific Insurance quickly activated its emergency response mechanism.