Introduction of Asia-Pacific Property Insurance Company

Asia-Pacific Property Insurance Co., Ltd. is referred to as "Asia-Pacific Property Insurance" and renamed from "Min 'an Property Insurance Co., Ltd.". It has been more than 70 years since 1943 was founded in Chongqing. It is a national comprehensive property insurance company approved by the China Insurance Regulatory Commission with a registered capital of 4 billion yuan (RMB). Its business scope includes property loss insurance, liability insurance, credit insurance and accidental injury insurance, with nearly 300 kinds of insurance products, providing comprehensive risk protection for enterprises and individuals.

Solid insurance protection ability?

In the development process, Asia-Pacific Property Insurance has always adhered to the brand value concept of "paying attention to and protecting people's livelihood", integrating innovation, optimizing business, providing quality services to customers, actively fulfilling social responsibilities and creating social value. After more than 70 years of historical precipitation, we have accumulated rich experience in risk management, won the trust of customers and established a good image in society and industry. We have established business relations with many internationally renowned professional reinsurance companies, such as China Reinsurance Company, Munich Reinsurance Company, Swiss Reinsurance Company, Hanover Reinsurance Company, etc., and have strong reinsurance support and overseas rescue capabilities, and sufficient solvency, effectively protecting the interests of corporate customers.

service capacity

Asia-Pacific Property Insurance has a perfect service system, covering the whole country (including Hong Kong) and 246 institutions at all levels, providing customers in various regions with insurance value-added services such as "full protection and compensation". Asia-Pacific Property & Casualty adheres to customer orientation, constantly meets customer needs through product, service and technological innovation, strengthens data management and application of new technologies, and establishes a comprehensive service platform with e-commerce platform, mobile survey, loss determination and self-help claim service system as the core, so as to provide customers with more efficient and caring insurance services.

Company shareholders

20 15438+0 1 2005, with the approval of the China Insurance Regulatory Commission, Oceanwide Holdings joined the People's Insurance Company together with Xinhualian Group, Yili Resources Group and Huiyuan Group, among which Oceanwide Holdings acquired 5 1% equity and became the controlling shareholder of the company. All the above shareholders are domestic powerful industry leading enterprise groups, which provide strong and continuous support for the company's development.

Future prospects

Change stimulates vitality, innovation drives development, reshapes a brand-new image and realizes historical leap. "three years to lay the foundation, ten years to make a big difference." Asia-Pacific Property Insurance will stand at a new historical starting point with a brand-new attitude, stick to the road of innovation, optimize the insurance structure, take root in the domestic market, and finally strive to build a first-class property insurance company in China.

order

Asia-Pacific Property Insurance Company Limited, referred to as Asia-Pacific Property Insurance, is one of the earliest national insurance companies established in China. It was inherited from Min 'an Product Insurance Company established in Chongqing by 1943. It has a history of 70 years and has left an unforgettable and profound impression on the development of China insurance industry for more than 200 years.

Committed to building a first-class property insurance company in China.

Brand initial stage (1943-1953)

Establishment and development of civil safety product insurance

Asia-Pacific Property Insurance was established in the 1940s. Against the background of turmoil, internal worries and foreign invasion, the road to entrepreneurship in the Asia-Pacific region is doomed to be uneven.

Asia-Pacific brand start-ups

From 65438 to 0943, Chongqing was the wartime political, economic and cultural center of China, with more than 50 local insurance institutions. In April, in order to implement the working policy of "hide your strength and bide your time" put forward by the CPC Central Committee, Lu Xuzhang, a member of the party group, proposed that, with the approval of Comrade Zhou Enlai, Comrade Lu Xuzhang would represent China Bank and Mr. Lu Zuofu would represent Minsheng Industrial Company, and both sides would raise 50% of the funds, with a total investment of100000 yuan, to build civil security in Chongqing. Min 'an Products is one of the earliest national insurance enterprises established in China, and it is its responsibility to ensure the material safety of the country and people.

The company was named Min 'an after its founder, Mr. Lu Zuofu. He thought: "The responsibility of this insurance company should focus on people's material safety, so it was named Min 'an Product Insurance Company."

In June, 1943, 1 1, Min 'an products opened and officially entered the ranks of the financial industry in the rear area. After its opening, Min 'an Property has continuously enriched and adjusted its cadres, actively opened branches and expanded its business. Branches have been set up in Neijiang, Sichuan and Kunming, Yunnan, and branches and offices have been set up in Chengdu, Guiyang, Xi 'an, Zigong, Du Yan, Luzhou, Yibin, Hejiang and Zizhong, and the business is booming.

Moving eastward to Shanghai for sustainable development

1February, 946, after the victory of the Anti-Japanese War, with the eastward shift of the national political and economic center of gravity, Min 'an Products moved its headquarters eastward to Shanghai. In order to seek development under the new situation, while expanding the affiliated enterprise Minyi Commercial Bank into an independent Minyi transportation company, Anmin Products has adjusted and expanded its branches, changing the original three branches in Chongqing, Tianjin and Hankou into three regional companies in West China, North China and Central China, and setting up new branches or agencies in Nanjing, Guangzhou, Qingdao, Shenyang and Changchun, which are operated by the head office or hiring prestigious business personnel. Min 'an products also rely on the vast number of Chinese banks to develop foreign insurance business through Fu Min enterprise companies. Subsequently, it established a contract reinsurance relationship with AIA, and its business is booming.

1947, in order to attract more insurance brokerage companies to cooperate in underwriting, Min 'an Products established Lian 'an Insurance Company, and successively invested in dozens of enterprises such as Daan Insurance Company. At the same time, Min 'an Property sent its Commissioner, Mr. Shen Richang, to set up a branch in Hong Kong, which further expanded the company's business scope and social influence. After diversified operation, Min 'an products have expanded to 200,000 shares, with a total capital of 200 million French francs, which is 20 times larger than that at the beginning of its establishment.

Close the mainland business

With the overall victory of the war of liberation, Min 'an, as the product of the national financial enterprise founded during the Anti-Japanese War, has also completed its historical mission. 1March, 949, Min 'an products followed the instructions of the central authorities, and all domestic institutions stopped operating and announced liquidation. At the same time, Min 'an Property Hong Kong Branch was reorganized. On May 26th, 1953, Min 'an Products completed the liquidation of all domestic insurance business, and was officially terminated with the approval of the Finance Department of the Financial and Economic Takeover Committee of Shanghai Military Commission.

Although the operating history of Min 'an Product Insurance Company is not long, its active exploration and efforts in business have cultivated a number of financial and insurance backbones with rich insurance business and promoted the development of China's insurance industry.

Southern Hong Kong Period (1949 -2009)

The Nirvana Rebirth of Asia Pacific Property Insurance in Hong Kong

After operating in the Mainland, Asia-Pacific Property Insurance moved its business and personnel to Hong Kong, the financial capital outpost in Asia at that time, which opened a new chapter in the development history of Asia-Pacific property insurance.

1949, Min 'an Products handled the aftermath of the closure of domestic business as originally planned, and at the same time reorganized Min 'an Products Hong Kong Branch into "Hong Kong Min 'an Insurance Co., Ltd." (hereinafter referred to as Hong Kong Min 'an), which officially opened on1949/kloc-0+0, with a total capital of100,000 Hong Kong dollars.

Hong Kong Min 'an mainly handled freight insurance and related fire insurance business transferred from the mainland via Hong Kong at the initial stage of its business, and was appointed as its claim agent in Hong Kong by the People's Insurance Company of China at that time. In 1960s, with the support of People's Insurance Company of China, Hong Kong Min 'an broke the stipulation that the ship insurance business should be priced from London, creating the company's professional advantages and expanding its market influence.

Since its establishment, Hong Kong Min 'an has gone through the process of laying the foundation in 1950s, developing in 1960s, developing in 1970s and striding forward in 1980s. During the period when the insurance industry in China Mainland basically stagnated, Hong Kong Min 'an maintained its business operation and continued to grow and develop under the test of previous financial storms. In addition to a number of branches in Hong Kong, it also has operating institutions and offices in many countries or regions such as East Asia, Europe and America.

In the early 1980s, the development of Hong Kong Min 'an was gradually diversified. China Reinsurance (Hong Kong) Co., Ltd. (now known as China International Reinsurance Co., Ltd.) was jointly established by China People's Property Insurance Co., Ltd., China Insurance Co., Ltd. and China Taiping Insurance Group Co., Ltd., and on October 2,199265438+/kloc-0, the registered capital of Hong Kong Min 'an increased to HK$ 200 million. On June 27th 1997, we moved into our own property "Min 'an Plaza", which not only enhanced our hardware strength, but also further enhanced our corporate image.

Entering the 2 1 century, the development of civil security in Hong Kong has entered a new stage. On May 15, 2000, Hong Kong Min 'an reorganized its business with China Insurance Company Limited and Taiping Insurance Company Limited. Since March 1, the three companies have operated in the name of Hong Kong Min 'an, and the scale of Hong Kong Min 'an has been further expanded. In June 2006, the company carried out equity reform, and went public in Hong Kong in June, 65438+February. At this time, the registered capital of Hong Kong Min 'an has increased to HK$ 2 billion, ranking among the top three property insurance companies in Hong Kong.

From June 5438 to February 2009, Hong Kong Min 'an was officially renamed China Taiping Insurance (Hong Kong) Co., Ltd.

After more than half a century's operation, Hong Kong Min 'an has established reinsurance relations with more than 65,438+000 insurance companies and reinsurance companies (including China Reinsurance, Munich Reinsurance and Swiss Reinsurance) in more than 20 countries and regions around the world, and has become an insurance brand with a wide reputation at home and abroad. In addition, Hong Kong Min 'an actively expanded the mainland market, further promoting the prosperity and development of the insurance markets in Shenzhen and Hong Kong.

Return to the Mainland (1982 -20 15)

The connection between Asia-Pacific property insurance and inland insurance

1978 12 the successful convening of the third plenary session of the 11th China producers' party is a great turning point with far-reaching significance in the history of the party since the founding of new China, thus opening a new historical period of China's reform and opening up.

Mainland market returns again.

With the further deepening of domestic reform and opening-up,1982 65438+1October 9, Shenzhen Branch of Hong Kong Min 'an Insurance Co., Ltd. (hereinafter referred to as Hong Kong Min 'an Shenzhen Branch) officially opened. This is the first overseas insurance company to enter the domestic insurance market after the reform and opening up, and the second insurance company to open in Shenzhen after PICC.

1982 After the establishment of Hong Kong Min 'an Shenzhen Branch, with the help of its parent company Hong Kong Min 'an's rich international experience and brand advantages, it expanded its business in Shenzhen and Hong Kong and continuously expanded its business scale. In March 2004, Hong Kong Min 'an Shenzhen Branch signed an agency contract with 50 Hong Kong agents who obtained professional qualifications in the Mainland, becoming the first insurance company with Hong Kong agents legally operating in the Mainland under the CEPA framework.

Reorganize and go to the whole country.

On May 10, 2004, Hong Kong Min 'an Shenzhen Branch was approved by the China Insurance Regulatory Commission, and was transformed into "Min 'an Insurance (China) Co., Ltd." (hereinafter referred to as Min 'an China), a wholly-owned subsidiary of Hong Kong Min 'an, with an independent legal personality and a registered capital of HK$ 200 million, which marked that Min 'an Insurance embarked on the road of all-round development with Shenzhen and Hong Kong as the center.

On June 5438+ 10, 2006, Min 'an China officially opened its business, and obtained the motor vehicle compulsory insurance business qualification, becoming one of the first 22 insurance companies with this qualification. From 2007 to 2009, Min 'an China accelerated the organization layout, and successively opened more than 100 institutions in Beijing, Shanghai, Hunan, Hubei, Sichuan, Liaoning, Hong Kong and other 19 provinces and cities, and opened the national unified short number 95506, initially forming a nationwide sales network and service platform, becoming the first insurance company to enter Sichuan after the Wenchuan earthquake. At this time, Min 'an China increased its capital to HK$ 654.38+0.27 billion, and its premium income reached RMB 654.38+0.27 billion. In June, 2065.438+00, Min 'an China was honored to be selected as one of the "Top Ten New Cantonese Businessmen in 2065.438+000".

20 10, 12, 3 1 With the approval of the China Insurance Regulatory Commission, a joint transferee consisting of six companies including haikou meilan international airport Co., Ltd. jointly acquired Min 'an China100 held by China Taiping Insurance (HK) Co., Ltd. in March. The registered capital of Min 'an Insurance (China) Co., Ltd. 201212 and Min 'an Property Insurance increased to 20013.83 million yuan, double the original registered capital, and the solvency adequacy ratio of the company greatly increased to over 400%.

New development period (20 15 to present)

Asia-Pacific Property Insurance changes in equity

20 15, 1 1, Wuhan Central Business District Construction Investment Co., Ltd. (Oceanwide Holdings), Xinhualian Holdings Co., Ltd., Yili Resources Group Co., Ltd. and Chongqing Three Gorges Fruit Industry Group Co., Ltd. (a subsidiary of Huiyuan Group) officially settled in, and Asia-Pacific Property Insurance stood at a new historical starting point with a brand-new attitude, and will implement the principle of "change stimulates vitality and innovation" Ten years to achieve great things "plan, adhere to the road of innovation, optimize the insurance structure, take root in the domestic market, expand the international market based on Hong Kong, complete the restructuring of the Hong Kong branch, open up domestic and foreign investment platforms, and strive to build a first-class property insurance company in China.

A new journey for the future.

Since then, the new Asia-Pacific Property Insurance has inherited the insurance business pioneered by Lu Xuzhang, Lu Zuofu and other predecessors with a new name and new main form, and continues to provide quality insurance services to the society.