It is a regular insurance company. The former Cinda Property and Casualty Insurance Co., Ltd. is a national insurance company approved by the insurance supervision and management department and established in Beijing in August 2009, with a registered capital of 4.007 billion yuan. At the end of March 2019, the company moved its registered office to Shenzhen.
In April 2017, with the approval of the regulatory authorities, Shenzhen Investment Holding Company Limited became the controlling shareholder of Guo Ren Insurance, with a shareholding ratio of 41%, making Guo Ren Insurance the only property insurance company controlled by state-owned capital in Shenzhen. Other shareholders include: Lianmei Quantum Company Limited, Shenzhen Luohu Guiding Fund Investment Company Limited, China Cinda Asset Management Company Limited, Beijing Orient Cinda Asset Management Corporation, China Railway Construction Investment Group Company Limited, and other ***18 large and medium-sized state-owned enterprises and private enterprises.
Guo Ren Insurance's business scope mainly includes property damage insurance, liability insurance, credit insurance, guarantee insurance, short-term health insurance and accidental injury insurance, reinsurance business of the above mentioned businesses as well as agency life insurance, annuity insurance, health insurance and accidental injury insurance.
The Company's institutional network has basically covered the key economic regions of China. Among them, there are 26 second-tier organizations and more than 200 third-tier and fourth-tier organizations in Beijing, Shenzhen, Guangdong, Shanghai, Henan, Inner Mongolia, Jiangsu, Xinjiang, Zhejiang, Chongqing, Shandong, Sichuan, Hebei, Shanxi, Liaoning, Hubei, Shaanxi, Qingdao, Ningbo, Hunan, Yunnan, Guangxi, Guizhou, Jiangxi, Anhui and Suzhou.
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