Primary Property & Casualty Insurance

Introduction

China Continent Property & Casualty Insurance Co., Ltd (CCIC) was set up in Shanghai on 15 October 2003. We are a national property & casualty (P&C) insurance company that is officially approved by the State Council and China Insurance Regulatory Commission (CIRC). We belong to China Reinsurance (Group) Corporation (stock code: 01508.HK) and we are the only subsidiary that specialize in non-life primary insurance. The registered capital is RMB15.115918986 billion.

In 2018, CCIC achieved RMB42.6 billion gross premium income, ranking No. 5 in Chinese market.

CCIC has 36 branches, 1 sales office and 1 marine insurance operating center. There are over 2,100 sub-branches nationwide. We have business operations almost in every province. The Company is a big family with 58,000 employees.

We have been rated “A (Excellent)” for Financial Strength Rating (FSR) and “a” for Issuer Credit Rating (ICR) by A.M. Best Company (A.M. Best Co.) from 2014 to 2018. Furthermore, the rating outlook is stable.

“Three New & Three Focuses” Strategy:

In 2017, CCIC initiated the CICS core strategic project and for the first time confirmed the “Three New & Three Focuses” strategy.

New Model Focus on customers. Upgrading our business model from product centered to customer centered

New Structure Focus on business mix expansion. Transforming CCIC from a property and casualty company to an operating platform with a diverse ecosystem

New System Focus on technology. Update our IT system from operation support to tech-driven business navigator

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New Core Operating System Leads the Industry

As the emphasis of “Three New Three Foucuses” strategy and the important backup for technology-driven development, the new core operating system is the most significant scientific and technological achievement for CCIC in recent years. The new core operating system came online on July 2019 in all branches. This is the world’s first insurance core operating system with private clouds and microservices architecture, becoming the first “product factory” in China.

Innovating Services

As at the end of 2018, the Company has 4,380 insurance products, and its operating activities involve all non-life insurance sectors, including corporate property insurance, home property insurance, construction engineering insurance, installation engineering insurance, cargo insurance, auto insurance, ship insurance, air insurance, space insurance, nuclear power plant insurance, statutory liability insurance, credit insurance, plantation insurance, breeding insurance, short-term health insurance, accident insurance, reinsurance business of the above insurances and other capital operations approved by China Insurance Regulatory Commission.

Major Claims

We are a “social stabilizer” and “economic facilitator”. Through our insurance products, we have provided over RMB200 trillion personal and P&C protection to over 400 million customers. We have paid over RMB100 billion insurance claims. In 2014, we compensated RMB295 million for a fire accident that took place at a Jiangsu-based foreign semiconductor company. In 2015, we compensated over RMB2 billion for the August 12 Tianjin explosions accident. The compensation was named among the “China Top 1...

Contact Us

Add: 26/F, 27/F, 28/F, Shanghai Tower, No. 501 Yincheng Middle Road, Pudong New Area, Shanghai 200120

Tel : (6821) 6857 7777

Subsidiaries

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Address: No.11 Jinrong Avenue, Xicheng District, Beijing, China
Post Code: 100033
IR Line:（8610）66576880