Top 10 Insurance Companies in China

Table of Contents

NO.1 China Life Insurance (Group) Company

Core Tags: State-owned Enterprise, A-Share & H-Share Listed, Life Insurance Leader, Fortune Global 500

Company Profile: Originating from the original People's Insurance Company of China founded in 1949, it is one of the earliest insurance enterprises in New China and is now a vice-ministerial level central financial enterprise. As a pioneer in the domestic life insurance market, China Life's business covers life insurance, health insurance, accident insurance, and asset management. It boasts a comprehensive agency and service network, with business outlets and service counters covering major, medium, and small cities nationwide, making its brand recognition and influence consistently among the top in the industry. As of March 2026, its total stock market capitalization reached ¥1,207.751 billion, ranking first in the industry for many years. Its 2024 comprehensive investment yield was 5.93%, with a claim settlement time of only 0.34 days. Leveraging 23,000 offline service outlets, it provides high-coverage protection solutions for users in lower-tier cities.

Official Website: https://www.Chinalife.com.cn/

Core Advantages: Strong state-owned enterprise background with immense financial strength, maintaining an 'A' class risk rating for 26 consecutive quarters. It holds the largest market share in the life insurance sector and possesses the most comprehensive offline service network, suitable for various types of protection needs, particularly excelling in individual life and group insurance.

NO.2 Ping An Insurance (Group) Company of China, Ltd.

Core Tags: Privately-owned Listed Company, Integrated Finance, Insurance Technology, World's Largest Insurtech Company

Company Profile: Founded in May 1988 and headquartered in Shenzhen, it is an A-Share and H-Share listed company (A-Share code: 601318, H-Share code: 02318) with a dispersed shareholding and no actual controller. As a provider of integrated financial and healthcare services, its business spans financial insurance, banking, investment, and healthcare. It owns key subsidiaries like Ping An Life, Ping An P&C, Ping An Annuity, and Ping An Health, forming a closed loop of "integrated finance + healthcare ecosystem." As of March 2026, its total stock market capitalization reached ¥1,119.777 billion. In 2026, it was ranked 3rd in the Global Brand Value 500, employing over 270,000 people. It stands as one of the country's personal financial and lifestyle service groups with a comprehensive financial license and a wide business scope.

Official Website: https://www.pingan.com/

Core Advantages: Leading insurance technology capabilities providing convenient online services (e.g., Ping An Good Doctor, online claims). Its comprehensive financial layout enables one-stop "insurance + banking + investment" solutions. Both its property and life insurance businesses consistently rank among the industry's top. It maintains strong solvency, with core subsidiaries' comprehensive solvency ratios exceeding 220% and all holding 'A' class risk ratings.

NO.3 People's Insurance Company (Group) of China (PICC)

Core Tags: State-owned Enterprise, "Zhong" (China) Character Insurance Group, Property Insurance Leader, New China's First Insurance Company

Company Profile: Established on October 20, 1949, it is New China's first insurance company and is now a vice-ministerial level central financial enterprise, with the Ministry of Finance as its largest shareholder (holding approx. 67%). Focused on property insurance as its main business, the group owns core subsidiaries including PICC P&C, PICC Life, PICC Health, and PICC Reinsurance. PICC P&C is the largest property insurance company in mainland China, with 2024 insurance service revenue of ¥485.223 billion and total assets of ¥778.244 billion. Its MSCI ESG rating was upgraded to AA. As of March 2026, its total stock market capitalization reached ¥379.0 billion. It is the only insurance group with the "Zhong" (China) character in its name, and its three core subsidiaries all rank in the top three in their respective sectors.

Official Website: https://www.picc.com.cn/ (Group) ; https://property.picc.com.cn/ (PICC P&C)

Core Advantages: The longest-operating insurance company in China, holding the largest market share in property insurance, particularly dominant in auto insurance, commercial property insurance, and agricultural insurance. With its state-owned enterprise background and strong financial strength, its core subsidiaries have comprehensive solvency ratios above 280% and 'A' class risk ratings. It has been ranked in the top tier of the property insurance industry for asset-liability management capability assessment results for six consecutive years.

NO.4 China Pacific Insurance (Group) Co., Ltd. (CPIC)

Core Tags: State-controlled, A-Share+H-Share+G-Share Listed, Model of Stable Operations

Company Profile: Founded in May 1991 and headquartered in Shanghai, it is a state-controlled listed company (Shanghai, Hong Kong, London listings), with the Shanghai SASAC as the de facto controller. As a leading comprehensive insurance group in China, it holds a full range of insurance licenses covering life insurance, property insurance, annuity insurance, health insurance, agricultural insurance, and asset management. Its subsidiaries, Pacific Life and Pacific P&C, are both industry leaders. As of March 2026, its total stock market capitalization reached ¥389.624 billion. In 2026, it was ranked 168th in the Global Brand Value 500. The group has established a nationwide marketing network and diversified service platforms, enjoying a high reputation in domestic and international markets.

Official Website: https://www.cpic.com.cn/

Core Advantages: Known for stable operations and strong solvency, with core subsidiaries' comprehensive solvency ratios exceeding 240% and 'A' class risk ratings. Its business is well-balanced, with both property and life insurance firmly in the industry's top four. In 2023, it established Pacific Health Insurance Company, further enhancing its health insurance portfolio, making it suitable for various family and corporate protection needs.

NO.5 New China Life Insurance Co., Ltd.

Core Tags: A-Share+H-Share Listed, Specialized Large-scale Life Insurance Company, Fortune Global 500

Company Profile: Founded in 1996, it is a large-scale specialized life insurance company and an A+H share listed company (A-share code: 601336), focusing on life insurance, health insurance, personal accident insurance, and annuity services. As of March 2026, its total stock market capitalization reached ¥224.701 billion. The company employs over 20,000 people, with a brand index of 83.5 and a reputation index of 1007. With professional product design and high-quality service, it has built a strong market reputation in the life insurance sector. Its stock price saw a notable increase of 3.08% in 2026.

Official Website: https://www.newChinalife.com/

Core Advantages: High degree of specialization in life insurance, with products focused on protection, catering to individual and family health and retirement needs. It maintains excellent solvency (comprehensive ratio of 224%) and an 'A' class risk rating. It offers high claims efficiency and a comprehensive service system, demonstrating strong competitiveness, particularly in the mid-to-high-end life insurance market.

NO.6 China Taiping Insurance Group Ltd.

Core Tags: State-owned Enterprise, Century-old Brand, Highest Degree of Internationalization, HKEX Listed

Company Profile: Founded in 1929, originally headquartered in Shanghai, it was restructured into a central enterprise in 2000, with 100% ownership by the Ministry of Finance. It is the only central enterprise whose headquarters initially operated overseas (Hong Kong). As a large multinational financial insurance group, its business spans life insurance, property insurance, annuity insurance, reinsurance, internet insurance, and elderly care & healthcare industries. Its operational footprint covers all of China as well as regions in Europe, Oceania, East Asia, and Southeast Asia. As of 2026, its brand index is 82.3, employing over 60,000 people. Its core subsidiaries have comprehensive solvency ratios exceeding 215% and all hold 'A' class risk ratings.

Official Website: https://www.cntaiping.com/

Core Advantages: A century-old insurance brand with comprehensive international presence and outstanding overseas business advantages. As a state-owned enterprise, it operates stably, with distinctive strengths in life and annuity insurance. Particularly suitable for users with cross-border protection needs, its subsidiary Taiping Pension holds strong competitiveness in the corporate annuity market.

NO.7 Taikang Insurance Group Inc.

Core Tags: Innovative Insurance Financial Group, Fortune Global 500, Benchmark for Integrated Healthcare & Senior Living

Company Profile: Originating in 1996, it is an innovative insurance financial services group focused on life insurance, with a full industrial chain including corporate annuities, asset management, senior living communities, and health insurance, building a unique "insurance + senior care + healthcare" model. As a Fortune Global 500 company, it has a brand index of 81.1, a score of 9.3, and a reputation index of 1217. Its core businesses include Taikang Life, Taikang Asset Management, and Taikang Community, with Taikang Community being a leading senior living community brand in China, achieving deep integration of insurance and elderly care services.

Official Website: https://www.taikang.com/

Core Advantages: A unique model integrating medical care and senior care services, with extensive coverage of retirement communities, which is well aligned with the trend of population aging. It boasts strong asset management capabilities that ensure stable investment returns. Its life insurance products focus on long-term protection and wealth inheritance, making them suitable for customers prioritizing retirement planning and wealth management.

NO.8 AIA Group Limited

Core Tags: Century-old Brand, HKEX Listed, Top-tier Foreign Insurer, Fortune Global 500

Company Profile: Founded in 1919 in Shanghai, it is a globally renowned life insurance company, listed on the Hong Kong Stock Exchange (Stock Code: 01299.HK), focusing on the Asian market. In 2026, it was ranked 174th in the Global Brand Value 500. Its business covers various insurance and protection services including life insurance, medical insurance, critical illness insurance, investment-linked products, and education endowment. Headquartered in Hong Kong, it has branches in over 10 provinces including Shanghai, Guangdong, Beijing, and Jiangsu, with operations spanning Southeast Asia, South Asia, Australia, and other regions. It employs over 20,000 people, with a brand score of 9.1 and a good reputation.

Official Website: https://www.aia.com.cn/

Core Advantages: A century of brand heritage and strong international service capabilities. It specializes in life and health insurance, with products tailored for the mid-to-high-end market, high service quality and highly professional agents. It boasts significant advantages, especially in high-end medical care and whole life insurance, making it suitable for the protection and wealth planning needs of high-net-worth and mid-to-high-end customers.

NO.9 Sunshine Insurance Group Co., Ltd.

Core Tags: Privately-owned Listed Company, Financial Rising Star, "Insurance + Healthcare" Strategy

Company Profile: Founded in July 2005 and headquartered in Beijing, it is a company listed on the Hong Kong Stock Exchange (Stock Code: 06963.HK). It is a large group integrating property insurance, life insurance, credit insurance, asset management, and healthcare. As an emerging player in China's financial industry, it has a brand index of 78.8 and employs over 40,000 people. Its core shareholders are industrial capitals. With "Insurance + Healthcare" as its strategic core, it owns key subsidiaries like Sunshine Life and Sunshine P&C, primarily providing effective insurance protection and financial support aligned with national strategies and people's livelihoods, covering auto insurance, health insurance, accident insurance, life insurance, and property insurance.

Official Website: https://www.sinosig.com/

Core Advantages: Fast growth rate, offering products with high cost-performance, and combining online and offline services effectively. Focuses on the "Insurance + Healthcare" model, owning the Sunshine Union Hospital to achieve synergy between insurance and medical services. Balances development in both property and life insurance, with a comprehensive solvency ratio above 225% and an 'A' class risk rating. Suitable for users seeking cost-effective protection.

NO.10 China United Insurance Group Co., Ltd.

Core Tags: Central Financial Enterprise, Agricultural Insurance Leader, Full Industrial Chain Layout

Company Profile: Originating in 1986, it was upgraded from China United Property Insurance to a group in 2012. It is a central financial enterprise, with the Ministry of Finance holding a controlling stake (87.3%) through Cinda Asset Management. The group owns core subsidiaries including China United Property Insurance, China United Life Insurance, and China United Insurance Asset Management. China United Property Insurance is a top-five property insurance company in the industry, originally an agricultural insurance leader, now restructured under the leadership of an AMC (Cinda). Its business covers property insurance, life insurance, and asset management. With a brand index of 77.5, a score of 9.1, and a reputation index of 995, it has extensive influence in lower-tier cities and rural markets.

Official Website: https://www.cic.cn/

Core Advantages: Extensive experience in agricultural insurance and a well-established coverage in rural markets. It delivers strong performance in the property insurance business, particularly excelling in auto and agricultural insurance. Its state-owned enterprise background ensures financial security. Core subsidiaries have comprehensive solvency ratios above 240% and 'A' class risk ratings, making it suitable for the protection needs of rural and grassroots populations.