The People's Insurance Company (Group) of China Limited

China's largest state-owned insurance group, led by property and casualty coverage

What People's Insurance does

PICC Group sells insurance to people and businesses in mainland China and Hong Kong. It covers cars, farms, property, liability, accidents, health, and life, and it also manages investments. It was founded in 1949 and is based in Beijing.

How People's Insurance makes money

It earns premiums by selling non-life, life, and health insurance policies, then pays out claims. It also earns returns by investing the premiums it holds, plus fees from asset management, insurance agency, and reinsurance services.

Products & services

• Motor vehicle insurance
• Agricultural insurance
• Commercial property and liability insurance
• Accidental injury and health insurance
• Life insurance
• Asset management and investment management