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China Pacific Insurance Co. Ltd is a national commercial insurance company. It carries out the general manager responsibility system under the leadership of the board. Based on modern enterprise system, taking ¡°the first-class service, first-class efficiency and first-class reputation¡± as its tenet and benefit, security and fluidity as its operating principles the company enhances ¡°honesty, dedication, innovation, progress¡± spirits, makes great efforts to solidify the operation, keeps on exploiting new insurance fields, promotes positively the national economic development and the overall social progress.The company came into existence in April 1991 with its headquarter located in Shanghai. Now its branches are throughout every major city and developed regions in China. There are China Pacific (U.S.) Service Company in New York, an agency in London and China Pacific Insurance (Hong Kong) Ltd. in Hong Kong. While retaining checking, compensation managing and reclaiming agents in over 170 major port cities of more than 100 countries and regions, it has formed a fairly complete business net. In 1998, it established a joint venture --- Pacific-Aetna Life Insurance Co. Ltd. with the American Aetna Life Insurance Co. In 2000, with standardized management, overall operating strength and upstanding reputation, the Company ranked 45th in Top 200 life insurers granted by the famous rating agency Standard & Poor¡¯s again. What¡¯s more, it was awarded ¡°International Quality Gold Star Prize¡± by the international organization of ¡°the Commercial Innovative Direction.¡±In 2000, in line with requirement of China Insurance Regulatory Commission, the company successfully carried out institutional system reform on the separate operation of the production and life insurance. In the new century, relying on the integral group advantages, the company will construct a collectivized managing system and intensify both production and life insurance to form a mechanism of specialized managing and marketized operating. The company will spare no efforts to build a splendid company with high reputation in Chinese insurance market in the new century.
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