China Pacific Insurance

Corporate brand

China Pacific Insurance is a Shanghai-headquartered Chinese insurance group providing life, property, health, asset-management and related insurance services.

Last updated November 4, 2026

AI crawler reads

4requests

1companies

Anthropic4

Profile: 2
Controversies: 2
JSON · MD: 0

First read: Nov 4, 2026
Latest read: Nov 4, 2026

From this site's server log

Overview

China Pacific Insurance, commonly known as CPIC or Pacific Insurance, is a major Chinese insurance group headquartered in Shanghai. Its business developed from the former China Pacific Insurance Corporation, established in 1991 with the approval of the People's Bank of China. The group operates through specialized subsidiaries rather than as a single undifferentiated insurance business, with China Pacific Life Insurance serving the life-insurance market, China Pacific Property Insurance serving property-and-casualty customers, and China Pacific Asset Management managing insurance assets and providing related advisory services. CPIC's principal commercial scope covers both personal and institutional risk. Its property-and-casualty activities include automobile insurance, household-property cover, liability insurance, accident and injury insurance, and other commercial and personal lines. Its life business includes endowment and savings-oriented policies, health insurance, juvenile and family protection products, accident cover, and smaller-ticket insurance offerings. Through its asset-management operations, the group also participates in the investment and administration of insurance funds and offers services connected with insurance-asset management. Within mainland China, CPIC has been described as one of the country's largest integrated insurance groups. The reference material places it second in property insurance by scale after the People's Insurance Company of China and third in life insurance after China Life and Ping An. Its business model combines mass-market protection products with longer-term savings, retirement and investment-related insurance services, allowing the group to serve individuals, families, companies and other organizations. CPIC is a publicly traded company with dual listings. Its A shares began trading on the Shanghai Stock Exchange in December 2007, followed by an H-share listing on the Hong Kong Stock Exchange in December 2009. The listings gave the group access to mainland and international capital markets and established a public-market identity for a large, state-affiliated Chinese financial institution. Historical shareholder information shows substantial participation by Shanghai and other state-owned entities alongside public shareholders, although the exact ownership structure may change over time. The brand is positioned around comprehensive protection, financial security and customer-oriented risk management. Rather than being confined to a single insurance category, CPIC presents itself as an integrated insurance and financial-services group spanning property, life, health, accident and asset-management activities. Its primary market remains mainland China, and its operating identity is closely tied to the country's regulated insurance industry and its large urban and commercial economies.

History

China Pacific Insurance traces its institutional origins to the former China Pacific Insurance Corporation, which was founded in 1991 after receiving approval from the People's Bank of China. The company emerged during the development of China's modern commercial insurance industry, when financial institutions were expanding beyond the country's earlier, more limited insurance framework. From the beginning, its activities were associated with broad insurance protection rather than a single specialist line. Over time, the organization developed a group structure with separate operating platforms for life insurance, property and casualty insurance, and insurance-asset management. China Pacific Life Insurance became the vehicle for life-related protection and savings products, while China Pacific Property Insurance handled motor, household, liability, accident and other non-life risks. China Pacific Asset Management added investment management, consulting and operational services relating to insurance assets. This structure enabled the group to address both individual policyholders and commercial customers while maintaining distinct regulatory and operating capabilities. The group expanded into an integrated insurance model. Its life portfolio came to include endowment insurance, health protection, juvenile policies, accident cover and smaller-value insurance products. Its property business covered automobile risks, household property, liability exposures, investment-related insurance and personal accident or injury protection. The combination of these businesses made CPIC one of the large full-service insurance groups in mainland China. Reference material identifies it as the country's second-largest property insurer after the People's Insurance Company of China and third-largest life insurer after China Life and Ping An, although rankings can vary according to the measurement period and metric used. A major institutional milestone was CPIC's entry into the public equity markets. The company listed its A shares on the Shanghai Stock Exchange on 25 December 2007. The shares were offered at RMB 30 per share and reportedly closed at RMB 48.17 on the first trading day. Market conditions subsequently changed, and the A shares were reported below the IPO price in March 2008. This episode illustrates both the significance of the listing and the volatility faced by newly listed financial companies. CPIC later broadened its capital-market presence through an H-share listing on the Hong Kong Stock Exchange on 23 December 2009. The Hong Kong offering had an IPO price of HK$28 per share. Dual listing connected the group with mainland and international investors and reinforced its position as a publicly traded Chinese financial institution. Historical ownership information has shown a substantial role for state-owned shareholders at both central and Shanghai levels, including entities associated with Shanghai state assets, Shenergy, Baosteel and other public-sector investment structures. Public shareholders have also represented a significant part of the listed company's ownership. Because shareholder proportions change, historical ownership data should not be treated as a current cap table. Today, China Pacific Insurance is best understood as a diversified insurance group rather than a single-product insurer. Its core activities remain life insurance, property and casualty insurance, health and accident protection, and the management of insurance assets. The company operates primarily in China and uses its subsidiaries to deliver products and services to households, individuals, businesses and institutions. Its brand promise is built around comprehensive protection, financial resilience and risk-management support, with public listings providing an important part of its corporate identity.

2009
H shares begin trading in Hong Kong
[1]China Pacific Insurance Companyen.wikipedia.org
CPIC's H shares were listed on the Hong Kong Stock Exchange on 23 December 2009 at an IPO price of HK$28 per share.
2008
A shares fall below the IPO price
[1]China Pacific Insurance Companyen.wikipedia.org
The company's A shares were reported to have closed at RMB 27.98 on 26 March 2008, below the RMB 30 IPO price.
2007
A shares begin trading in Shanghai
[1]China Pacific Insurance Companyen.wikipedia.org
China Pacific Insurance completed its Shanghai Stock Exchange A-share listing on 25 December 2007 at an IPO price of RMB 30 per share.
1991
China Pacific Insurance Corporation is established
[1]China Pacific Insurance Companyen.wikipedia.org
The predecessor organization was founded with approval from the People's Bank of China, forming the institutional basis of the later CPIC group.

Products and positioning

A comprehensive Chinese insurance group focused on customer-oriented protection, long-term financial security and integrated risk-management services.

Property and casualty insurance
China Pacific Property Insurance
The group's non-life insurance platform provides coverage for motor vehicles, homes and household property, commercial liabilities, accidents and injuries, and other personal or business risks. Its portfolio also includes investment-related insurance products and broader property protection services. The business serves both individual policyholders and institutional or commercial customers in mainland China.
Life, health and protection insurance
China Pacific Life Insurance
The life-insurance subsidiary offers long-term protection and savings products, including endowment insurance, health insurance, juvenile policies, accident protection and smaller-ticket insurance. Its product range addresses family protection, medical and health risks, life-cycle savings needs and financial security. The subsidiary forms the principal life-insurance arm of the CPIC group.
Insurance asset management
China Pacific Asset Management
China Pacific Asset Management manages insurance assets and provides related management, operational and consulting services. The business supports the investment and administration of funds generated through insurance operations, extending CPIC's activities beyond underwriting into institutional asset management.

Controversies

2024
Multiple CPIC P&C and CPIC Life branches fined for inaccurate data, misleading sales, and other violations
In 2024, institutions under CPIC were repeatedly penalized by the National Financial Regulatory Administration system: CPIC P&C’s Heilongjiang branch was fined RMB 150,000 for inaccurate data; its Dalian branch was fined RMB 300,000 because employees intercepted premiums; its Wenzhou branch was fined RMB 560,000 for preparing false reports and giving benefits outside contracts; its Tianjin branch was fined RMB 240,000 for underwriting and clause/rate violations; CPIC Life’s Shenzhen branch was fined RMB 1.18 million for misleading sales, improperly obtaining expenses, inaccurate data, and other violations. The company issued major-event information disclosure announcements as required and carried out rectification.
Source

2009
Add a Hong Kong share listingStrategy
Background
After establishing a mainland public-market presence, CPIC pursued access to Hong Kong and international investors.
Action taken
The group listed H shares on the Hong Kong Stock Exchange on 23 December 2009 at an IPO price of HK$28 per share.
Aftermath
The dual listing broadened the company's public-market footprint and investor access.
H-share IPO price. HK$28 per share (23 December 2009)
Source
2007
Enter the public equity markets through a Shanghai listingStrategy
Background
CPIC sought access to public capital and a broader investor base as its integrated insurance operations grew.
Action taken
The company listed its A shares on the Shanghai Stock Exchange on 25 December 2007 at an IPO price of RMB 30 per share.
Aftermath
The shares initially closed well above the offer price, although they later traded below the IPO price during the market decline in 2008.
A-share IPO price. RMB 30 per share (25 December 2007)
Source

Recent events

Unconfirmed
China Pacific Insurance and partners release a maritime risk-reduction solution for new-energy vehicles[11]中国太保协同多方发布新能源车海运风险减量方案news.cnfol.com
China Pacific Insurance and participants from several industries formally released the results of a risk-reduction solution for maritime transport of new-energy vehicles, built around a full-chain governance system.
Unconfirmed
Green Shipping Insurance Community launches dedicated new-energy vehicle marine insurance[11]中国太保协同多方发布新能源车海运风险减量方案news.cnfol.com
The Green Shipping Insurance Community launched a dedicated insurance product for maritime transport of new-energy vehicles; China Pacific Insurance led the regulatory filing. The product covers whole vehicles, complete knocked-down parts and battery packs.
Unconfirmed
China Pacific Insurance wins multiple 2021 Golden Finance awards[12]中国太保荣获2021年“金理财”多项大奖insurance.jrj.com.cn
China Pacific Insurance and related businesses received multiple awards in the 2021 Golden Finance insurance industry awards, including a corporate social responsibility award for the group and awards for its property insurance, life insurance product, and asset management brand.
2021.10.29
Reported2021.10.29
China Pacific Insurance subsidiaries win multiple Ark Awards[13]中国太保旗下多家子公司斩获方舟奖finance.cqnews.net
Multiple subsidiaries of China Pacific Insurance won awards in the 2021 China Insurance Industry Ark Awards, including awards for insurance companies, innovation, insurance asset management, pension finance, and insurance products.
Unconfirmed
China Pacific Insurance launches blockchain smart-claims service[14]中国太保上线区块链智能理赔服务news.cnfol.com
A health-insurance company under China Pacific Insurance launched its blockchain smart-claims service. The service had completed its first claim at Ningbo First People's Hospital, from completion of the customer's visit to claim closure in under two minutes.
2020.12.24
China Pacific Insurance affiliates win two insurance technology case awards[15]中国太保旗下公司获两项保险科技案例奖news.cnfol.com
China Pacific Property Insurance and Pacific Medical Health, affiliates of China Pacific Insurance, won awards for insurance technology application cases. China Pacific Property Insurance's AI vehicle damage assessment system received first prize, and Pacific Medical Health's medical insurance fund risk-control platform received second prize.
2020.12.14
Reported2020.12.14
China Pacific Insurance and Alibaba sign strategic cooperation agreement[16]中国太平洋保险与阿里巴巴签署战略合作协议finance.sina.com.cn
China Pacific Insurance Group and Alibaba Group signed a strategic cooperation agreement in Shanghai to expand technology cooperation, including work on group-level data and intelligent platforms and exploration of a technology innovation laboratory.
2020.12.11
China Pacific Insurance receives three social responsibility awards[17]中国太保获得三项社会责任奖项news.cnfol.com
China Pacific Insurance was reported to have received three awards: the Shanghai Securities News annual corporate social responsibility award, the National Business Daily ranking's most responsible listed company award, and Sina Finance's responsible investment award for best insurer.
2020.11.27
China Pacific Insurance wins multiple 2020 Golden Finance Awards[18]中国太保荣获2020“金理财”多项大奖economy.nmgnews.com.cn
China Pacific Insurance won multiple awards at the 2020 Golden Finance Awards, according to the article headline.
2020.11.26
China Pacific Insurance and its subsidiary plan to acquire Allianz's shares in CPIC Allianz Health Insurance[19]中国太保及旗下公司拟受让安联持有的太保安联健康险股份nbd.com.cn
China Pacific Insurance and its subsidiary announced plans to acquire Allianz Group's entire shareholding in CPIC Allianz Health Insurance, subject to approval by the China Banking and Insurance Regulatory Commission.

Sources26 sources

Cite this profile: Cite the canonical profile. /brand-wiki/china-pacific-insurance · Editorial policy · How profiles are compiled