China Pacific Insurance

What China Pacific Insurance does

China Pacific Insurance (中国太平洋保险) is one of China's largest integrated insurance groups, founded in 1991 and dual-listed on the Shanghai (601601) and Hong Kong stock exchanges. The group operates through wholly-owned subsidiaries covering life insurance, property and casualty insurance, health insurance, agricultural insurance, pension insurance, and asset management, serving over 123 million customers across China with a workforce of approximately 94,990 employees and agents. Core product lines include auto insurance, life insurance, pension insurance, accident insurance, critical illness insurance, and wealth management products such as participating dividend-type and whole life policies; the Blue Medical Insurance (蓝医保) ecosystem anchors a comprehensive medical insurance franchise spanning low-cost million-yuan plans to mid-to-high-end private hospital coverage.

The company's distribution model is multi-channel, combining a large traditional agency force, direct sales, brokers, the 24/7 95500 hotline, digital platforms (cpic.com.cn, mobile app), and emerging social commerce on Douyin. The group has built a differentiated Taibao Home (太保家园) eldercare community network spanning 12+ cities with three product tiers (YiYang independent living, LeYang assisted living, KangYang nursing/rehabilitation), supported by international partnerships with France's Orpea Group and Canada's Miao Health, plus smart eldercare technology integrations with Huawei, Tencent, SenseTime, Xiaomi, and Panasonic.

China Pacific generates revenue primarily through recurring insurance premiums across life, property, and health segments, supplemented by investment returns from asset management activities. Growth has been supported by equity market recovery (22.4% YoY net profit growth for the five major A-share insurers in 2025), product mix shift toward dividend insurance, premium income growth of approximately 10% in January-October, and life insurance premium growth of 8.1%. The April 2026 HKD 15.556 billion convertible bond issuance and JPMorgan's 11.02% H-share position evidence strong institutional confidence and capital availability for further expansion in China's silver economy and broader insurance market.

Name

China Pacific Insurance

Legal name

中国太平洋保险（集团）股份有限公司

Website

https://cpic.com.cn

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

China Pacific Insurance is a top-five Chinese insurance group offering life, property, health, pension, and wealth products through wholly-owned subsidiaries, a 94,990-person nationwide distribution network, digital platforms, and an integrated Taibao Home eldercare community ecosystem serving over 123 million customers.

Ownership category

akta.pro rank

Product category

Insurance Services

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)

akta.pro primary industry

Commercial General Liability (CGL) (FSAJADAA)

akta.pro secondary industries

Travel & Accident (Non-Life) Insurance (FSAJAMAN), Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA), International/Expatriate Individual Health Insurance (FSAIAEAH)

Keywords

• Life insurance
• Property insurance
• Health insurance
• Pension insurance
• Senior care services

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Life Insurance Premiums: Traditional life insurance, dividend-type insurance, and pension insurance products generating premium income through individual and group policies
2. Non-Life Insurance Premiums: Property insurance including auto insurance, commercial property insurance, and other non-life coverage
3. Asset Management: Investment returns from equity market recovery and asset allocation, contributing to overall profitability

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

China Pacific Insurance (中国太平洋保险) is a comprehensive insurance group offering life insurance, property/casualty insurance, health insurance, pension insurance, accident insurance, and critical illness insurance, complemented by an integrated Taibao Home (太保家园) senior living community network and asset management services. Products are distributed through agents, brokers, direct sales, digital platforms, and a 24/7 customer service hotline, serving over 123 million customers across China.

Product overview

China Pacific Insurance (China Pacific Insurance Group Co., Ltd.) operates as a comprehensive insurance group offering a broad portfolio of insurance products and services through multiple channels including digital platforms, agents, and direct sales. The product portfolio spans core insurance offerings including auto insurance (车险), life insurance (人寿保险), pension insurance (养老保险), accident insurance (意外险), and critical illness insurance (重疾险). The company has developed a comprehensive medical insurance ecosystem branded as '蓝医保' featuring multiple products such as the 蓝医保·免健告长期医疗险, 蓝医保·中高端医疗险, 蓝医保·百万医疗险, and 蓝医保·终身防癌医疗险 targeting different market segments. Life and wealth management products include 太保盛世传家终身寿险, 太保鸿寿年年年金保险, 太保蛮好的人生年金保险, and various participating insurance plans. The company has also established a senior living community network called '太保家园' comprising 12 retirement communities across China including Chengdu, Hangzhou, Dali, Shanghai Chongming, Shanghai Putuo, Xiamen, Nanjing, Wuhan, Qingdao, Beijing, Sanya, and Zhengzhou, forming a comprehensive 'insurance + senior living + services' ecosystem. Digital services are delivered through the 太平洋保险APP, online platform, and 95500 customer service hotline.

Differentiator

Problem solved

Functional benefit

Brands

• Blue Medical Insurance (蓝医保): Long-term medical insurance products including 20-year guaranteed renewal plans
• Taibao Home (太保家园)
• Taibao Shengshi Chuanjia (太保盛世传家)
• Taibao Blue Book (太保蓝本)
• 太保家园

Products and services

• Auto Insurance (车险) Auto insurance covering vehicle damage, third-party liability, and theft protection for individual car owners and corporate vehicle fleets. Available through online one-stop service, mobile app, agents, and customer service hotline.
• Life Insurance (人寿保险) Life insurance products providing death benefits, savings, and wealth inheritance for individual policyholders. Includes participating whole life policies such as Taibao Shengshi Chuanjia (effective coverage increasing 2% annually) and Taibao Shengshi Hongyun (1.75% annual increase with accident premium waiver rider).
• Pension Insurance (养老保险) Pension and annuity insurance products for retirement planning and financial security in later life. Includes participating annuity products (Taibao Hongshou Niannian) with dividend distribution and the Taibao Yihu Tiannian A plan providing annual pension payments from designated age plus dividend participation.
• Accident Insurance (意外险) Accident insurance providing coverage for accidental death, disability, and medical expenses. Includes personal accident medical insurance with up to 1 million yuan coverage covering various accident scenarios without health declaration requirements.
• Critical Illness Insurance (重疾险) Critical illness insurance covering major diseases such as cancer, heart attack, and stroke. Includes Lan Jing No. 1 Whole Life Critical Illness Insurance (2026) covering 120 major diseases with optional medium/mild disease coverage and Taibai Aixin Critical Illness Insurance (Zun Xiang 2025) covering 120 major disease risks with premium waiver for medium/mild illness.
• Blue Medical Insurance Series (蓝医保系列) Comprehensive medical insurance product family covering ages 0-80 with various features including guaranteed renewal up to 20 years, 0 deductible coverage for public and private hospitals, no health declaration requirements, lifetime cancer coverage, and high-end global medical coverage. Includes products such as Blue Medical Long-term Medical Insurance (No Health Declaration Version with 5-year renewal), Mid-to-High-end Medical Insurance (2026 Edition), Million-yuan Medical Insurance (No Health Declaration Version with 6 million yuan coverage), 10-Year Long-term Medical Insurance (No Health Declaration Version with 8 million yuan coverage), Lifetime Cancer Medical Insurance, and Zhizhen Global Personal High-end Medical Insurance.
• Wealth Management Insurance (理财保险) Wealth management and financial planning insurance products including annuity insurance and participating insurance. Includes Taibao Manhao De Rensheng (2025) Annuity Insurance with wide coverage, fixed annual payments, and long-term financial planning; Taibao Hongshou Niannian Annuity Insurance (Participating); and Taibao Hongfu Tiannian Annuity Insurance (Participating).
• Commercial Property Insurance Commercial property and casualty insurance for enterprise clients including corporate property coverage, liability protection, and business risk management solutions, underwritten by China Pacific Property Insurance Co., Ltd. (中国太平洋财产保险股份有限公司).
• Taibao Home Senior Living Communities (太保家园) Senior living community network offering CCRC-style retirement housing, independent living, assisted living, rehabilitation, and nursing care across 15 locations in China (Chengdu, Hangzhou, Dali, Shanghai Chongming, Shanghai Putuo, Shanghai Jing'an, Xiamen, Nanjing, Wuhan, Suzhou, Zhengzhou, Beijing, Guangzhou, Sanya, Qingdao). Three product lines include YiYang (颐养) premium care, LeYang (乐养) vacation-style living, and KangYang (康养) rehabilitation care. Integrated with insurance products to form insurance-plus-service ecosystem.

Quantifiable outcome

• 5 major A-share insurers combined net profit of 425.291 billion yuan in 2025, with 22.4% YoY growth

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability9 records

Partnerships

Ten partnerships are on record, tiered core, major and supporting.

• New Feng Tian Yu Group (新风天域集团)coreStrategic or Co-development Partner · 8 November 2021Equity cooperation agreement signed to develop health and elderly care ecosystem. The partnership leverages New Feng Tian Yu's rehabilitation hospitals and home-based elderly care services to strengthen China Pacific's health development planning.
• Huawei, Tencent, Shang Tang, Xiaomi, Panasonic (华为、腾讯、商汤、小米、松下)majorTechnology or Integration · 8 November 2021Smart elderly care ecosystem partnerships with leading technology companies for smart home, AI, and IoT applications in Taibao Home communities.
• Huazhu Architecture Design (华东建筑设计研究总院)majorTechnology or Integration · 27 November 2019Strategic cooperation to build smart elderly care communities using 5G, blockchain, AI, cloud platforms, IoT, telemedicine, smart home, and facial recognition technologies. Partnership aims to create intelligent elderly care demonstration communities.
• Hangzhou Medical College (杭州医学院)supportingStrategic or Co-development Partner · 1 January 2019University partnership for elderly care talent cultivation and training. Part of 'order-style' talent development program with multiple universities to supply professional elderly care staff for Taibao Home communities.
• Hunan Women's College (湖南女子学院)supportingStrategic or Co-development Partner · 1 January 2019University partnership for elderly care talent cultivation. Focus on developing female talent for elderly care industry.
• Chengdu Medical College (成都医学院)supportingStrategic or Co-development Partner · 1 January 2019University partnership for nursing and elderly care professional training. Part of strategic talent development program.
• Zunyi Medical University (遵义医科大学)supportingStrategic or Co-development Partner · 1 January 2019University partnership for elderly care talent development and training. Focus on medical and nursing professional education.
• Ruijin Hospital / Guangci Internet Hospital (瑞金医院/广慈太保互联网医院)coreStrategic or Co-development Partner · 24 November 2018Healthcare partnership providing internet hospital services and medical support for elderly care communities, enabling online consultation and expert diagnosis services.
• Orpea Group (法国欧葆庭集团)coreStrategic or Co-development Partner · 18 November 2018China Pacific Insurance partnered with French eldercare specialist Orpea Group to establish Pacific Orpea Elderly Care Operations joint venture company, bringing international standards to Taibao Home senior living communities. The partnership focuses on importing European expertise in elderly care management, professional training, and rehabilitation services.
• Canadian Health Management Center / Miao Health (加拿大健康管理中心/妙健康)coreStrategic or Co-development Partner · 6 November 2018Strategic cooperation to build insurance+health management service model, introducing Canada's advanced health management technology to China. The partnership aims to establish comprehensive health management closed-loop combining online and offline services.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Ping An Insurance Group: China's largest insurance group by market cap offering comprehensive life, P&C, and health insurance plus banking and asset management. Directly comparable to CPIC as a fellow top-tier A+H listed Chinese insurer with similar multi-line insurance business model.
• China Life Insurance Company: China's largest life insurance company by premium income, A+H listed with similar nationwide distribution. Directly comparable as a peer in the top tier of Chinese insurers, competing for the same life and annuity insurance customers.
• New China Life Insurance: A+H listed Chinese life and health insurer among the top 5 A-share insurers. Directly comparable to CPIC's life insurance subsidiary, competing in similar individual and group life insurance markets in China.
• China Re Insurance Group: China's largest reinsurance company, listed on HKEX, among the top 5 A-share insurers. Directly comparable as a peer in the same Chinese insurance regulatory framework, though operating primarily in reinsurance rather than primary insurance.
• People's Insurance Company of China (PICC): China's largest P&C insurer and another major state-backed insurance group. Directly comparable to CPIC's property insurance subsidiary in the Chinese P&C market, particularly in auto and commercial property insurance lines.
• China Pacific Property Insurance (CPIC Property): Wholly-owned P&C subsidiary of CPIC itself, included as a subsidiary reference. Operates as one of China's top 3 P&C insurers with significant auto insurance market share, directly comparable to peers like PICC Property and Casualty.

Regional players

• AIA Group: Hong Kong-headquartered pan-Asian life insurance group with significant Greater China operations. Comparable as a major Asian life insurer with similar product mix and distribution strategies, though primarily focused on life insurance rather than CPIC's diversified portfolio.

Broad incumbents

• Manulife Financial: Canadian-headquartered global life insurer with significant Asia operations. Comparable as an international insurance carrier offering life, health, and wealth management products in Asia, similar to CPIC's diversified insurance portfolio.
• Allianz SE: Global insurance and asset management giant with operations across life, P&C, and asset management. Comparable as a global benchmark for diversified insurance business model and asset management scale relative to CPIC's Pacific Asset Management subsidiary.
• AXA SA: Global insurance group with operations across life, P&C, and health insurance in over 50 countries. Comparable as a global multi-line insurance incumbent with similar diversified product portfolio and asset management operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries13 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments17 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Pacific Insurance