How does Prudential Life Insurance Company rank in the Chinese insurance industry? How is its strength? - ...

Judging from the ranking of life insurance premium income in 2021, Prudential Life Insurance Company is ranked 22nd, which shows that its strength is extraordinary. Not only does the company have a strong background, but its financial strength cannot be underestimated. You don’t have to worry about getting into trouble after taking out the insurance, because the insurance company won’t have the money to settle claims.

If you want to know the rankings of other insurance companies, you can read this article by my senior sister:

Freshly released! Ranking of the top ten insurance companies in terms of premium income in 2021

Then next, I will introduce to you what the insurance company Prudential Life is like! Without further ado, let’s get straight to the practical stuff!

1. Company background

CITIC Prudential Life Insurance Co., Ltd. (formerly known as Prudential Life) was established in 2000 and was jointly initiated by CITIC Group of China and Prudential Group of the United Kingdom. create. Currently, CITIC Prudential Life is headquartered in Beijing, and the company's registered capital is 2.36 billion yuan. As of the end of June 2022, the company's total assets reached 209.2 billion yuan.

If you want to have a deeper understanding of the topic of whether insurance companies are reliable, then this article by my senior sister can help you:

When we look at insurance companies, What exactly do you want to see?

2. Solvency

The China Banking and Insurance Regulatory Commission has regulations on the solvency of insurance companies. The core solvency adequacy ratio is 50, the comprehensive solvency adequacy ratio is 100, and the comprehensive risk rating is B level. . As long as the above three requirements are met, it is a company with solvency standards.

Judging from CITIC Prudential’s second quarter 2022 data, the company’s core solvency adequacy ratio and comprehensive solvency adequacy ratio are 147.47 and 242.04 respectively, and its latest risk rating is AA It has reached the passing mark set by the China Banking and Insurance Regulatory Commission and is a reliable insurance company.

So what should we do if the insurance company to which the insurance product we bought goes bankrupt later:

The insurance company goes bankrupt, what should I do with the insurance I bought?

Hope to adopt it

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