1. Company difference: Taiping Insurance is the first multinational financial insurance group company in China, China Taiping Insurance Co., Ltd., established in 1929, a national property insurance company and a state-owned enterprise; China Pacific Insurance 199 1, a national joint-stock commercial insurance company approved by the People's Bank of China, was successfully listed in A shares and H shares, and is a joint venture.
2. Different business priorities: Taiping Insurance's business scope includes property insurance, accident insurance, short-term health insurance and reinsurance business, mainly life insurance; China Pacific Insurance is one of the three comprehensive insurance companies in China, with professional subsidiaries such as Pacific Property Insurance, Pacific Asset Management Company and Yangtze River Endowment Insurance, mainly engaged in property insurance.
3. Different regulatory authorities: Taiping Insurance is one of the only four vice-ministerial central enterprises in the insurance industry. The business supervision right belongs to the CIRC, the highest personnel right belongs to the Central Organization Department, and the financial management right belongs to the Ministry of Finance.
4. Different time of establishment: China Taiping, which started at 1929 and has a history of nearly 90 years, is the oldest local insurance brand in China; China Pacific Insurance Company 199 1 Start. In the early years, the big boss was Bank of Communications, and now the big shareholder is Shanghai state-owned enterprise.