Ping An P&C

Ping An P&C

Property and Casualty insurance is one of the Ping An's core business operations, and has achieved steady growth for the past 16 years. Ping An Property and Casualty Insurance Company of China, Ltd. was established in year 2002.

Ping An Property and Casualty Insurance provides country-wide services from its 35 branch offices and over 1,100 sub-branch offices. The Company also has established a representative agent network in almost 400 cities in 150 countries and regions, developing business relationships with over 160 insurance and reinsurance companies, including China Reinsurance, Munich Reinsurance and Swiss Reinsurance, among others.

The company had over 4 million property and casualty insurance customers as of December 31,2003. Currently generate a significant portion of property and casualty insurance premiums from the more economically developed areas.

Ping An Property and Casualty has strong pricing and underwriting capability due to the value-driven corporate culture, centralized control structure, experienced actuarial team and professionalism of its underwriting staff. More over, the company believes that its information technology platform, centralized customer database and professionalism of the claims processing staff enable the company to be more competitive in the areas of customer service and claims control.

Thanks to its professional and high-quality service, Ping An Property and Casualty Insurance has developed a prestigious image in China and has obtained insurance contracts for many major state infrastructure projects.

In recent years, Ping An Property and Casualty Insurance has become the service provider for the following projects or companies: Lingao Nuclear Power Station, 2nd Phase of Qinshan Nuclear Power, Shanghai Pudong International Airport, Sluice Gates of Permanent Shiplock of The Three Gorges Project and Three Gorges Power Station, Jin Mao Tower in Shanghai, CNOOC and Shell Petrochemicals Co Ltd (CSPCL) and Guangdong Shajiao CPP. From the Gallup organization's poll on customer feedback to P&C companies' services in Beijing, Shanghai and Guangzhou, it shows that Ping An P&C is among the leading of all Chinese P&C companies.