Ping An Insurance in the insurance industry positioning?

A: Ping An Insurance is a private enterprise, the first joint-stock insurance enterprise in China, and has developed into a personal integrated financial service group with the most complete financial license, the widest business scope and the closest holding relationship in China, integrating the three main businesses of insurance, banking and investment, and developing traditional and non-traditional finance in parallel. In addition, it ranks 77th in the "Top 100 Global Brands" published by MillwardBrown, a subsidiary of the WPP Group, and ranks first among global insurance brands. In the "Best Chinese Brands" published by Interbrand, the world's largest brand consulting company, it ranked sixth, becoming the No. 1 brand in China's insurance industry.

We have to consider the following three aspects to know the positioning of Ping An of China in its industry.

One, Ping An Life Insurance Company strength? In 2002, Ping An Life Company was formally established as an important member of Ping An Insurance (Group) Company of China. After data collection, I found that Ping An Life's registered capital was as high as RMB 33.8 billion back in low 2017. It has over 40 branches nationwide*** and has over 3,000 business outlets, and among these companies, there are as many as 1.38 million life insurance agents alone. According to the 2019 ranking of China's top 500 companies, Ping An of China shows a ranking of fourth place. This is shown in the chart below. Only industry giant China Life can match it. If we compare Ping An of China alone with other insurance companies, such as AIA and Taiping, it is still ahead of the game, and it is not difficult to see that these figures show that Ping An of China is really great.

Two, how is the solvency of Ping An Life? The strength of solvency is directly related to the ability to pay our insurance premiums, in fact, the CBIRC's assessment of the insurance company's solvency is a minimum of two hard indicators, which means that the core solvency ratio should be higher than 50%, and the comprehensive solvency ratio should also be higher than 100%. It is not difficult to see the core data of Ping An Insurance Company, including the core solvency ratio and so on, from the chart below. It is shown in the table below. The data in the table illustrates enough to see how great Ping An Insurance Company of China is.

Three, service rating Based on a full investigation of all the business processes of the insurance company, the CBI conducts an overall evaluation of this, the service rating is set as ABCD, a **** four categories of ten levels. Ping An of China, not surprisingly, received a super high rating of A, which only a few in the industry can achieve.

From this, we can see that Ping An of China, both in terms of strength solvency and service ratings are the highest position, so its position in the insurance industry is firmly in the first.