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China Pacific Insurance

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 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