China Life Reinsurance Company Limited
China Life Reinsurance Company Limited (“China Re”) is a leading life insurance and reinsurance provider in the Asia Pacific region, based in Beijing, with operations across China and in over 18 additional countries. Founded in 1984 as the first life reinsurance company in China, China Re began as a state-owned enterprise under the Ministry of Labour. Over the past three decades, it has developed into a competitive and innovative global reinsurance company, and is currently the largest life reinsurance firm in the Asia Pacific region, playing a vital role in the further development of the insurance industry in China.
China Re provides a broad range of reinsurance protection and related services that support the business objectives of its clients, while also helping them to reduce their costs. The company offers risk management, life and health, aviation and property insurance, including coverage of workers compensation and travel insurance. It also offers financial, investment and retirement planning as well as actuarial services. China Re also provides business development and strategic consulting services to its clients.
At present, China Re has total assets of nearly $86 billion, total premium income of $33 billion and an operating profit of around $3 billion. The company has offices in major cities around the world and employs more than 5,000 people. It is continuing to invest in its global customer service capabilities, helping it to better meet the needs of its customers across the globe.
China Re has a strong emphasis on corporate social responsibility and sustainability. It has implemented a number of initiatives to reduce its environmental impact and to ensure responsible investment practices. It also has a comprehensive corporate governance structure to ensure transparency and accountability. The company’s commitment to its clients, employees and the communities in which it operates is evidenced by its numerous awards and commendations, including the “Caring Company” award.
China Re’s long term focus and commitment to providing reinsurance solutions of the highest quality has made it one of the most reliable and trusted insurance companies in the Asia Pacific region. With an unwavering commitment to excellence, cutting-edge technology and customer service, China Re is well-positioned to meet the needs of its customers and to continue to be a leader in the reinsurance industry.
