BOC Insurance

Bank of China Insurance Co., Ltd. (hereinafter referred to as "BOC Insurance") is a nationwide property insurance company approved by the China Insurance Regulatory Commission. It was established on January 5, 2005, with a registered capital of RMB 4.53508 billion and its headquarters in Beijing. BOC Insurance primarily operates in property loss insurance; liability insurance; credit insurance and guarantee insurance; short-term health insurance and accident insurance; reinsurance business for the above; insurance fund utilization business permitted by national laws and regulations; and other businesses approved by the China Insurance Regulatory Commission.
As a wholly-owned subsidiary of Bank of China, BOC Insurance adopts an innovative bancassurance business model, fully leveraging Bank of China's brand, channels, customer resources, and business opportunities. Through seamless integration with Bank of China, it forms a bancassurance synergy, enhances the Group's competitiveness, improves customer loyalty, meets customers' integrated financial service needs, and strengthens the diversified financial service platform. BOC Insurance has basically established a nationwide branch network. As of the end of June 2016, BOC Insurance had set up 27 provincial branches across the country, with 2,736 employees.