Anbang Insurance Group is a global insurance company with total assets of nearly 1971 billion RMB. With over 30,000 employees and a customer base of 35 million worldwide, Anbang stands out as one of the most profitable insurance companies in China. Its business covers life insurance, P&C insurance, health insurance, pension insurance, banking, asset management, etc. With a “customer-centric” strategy in mind, Anbang Insurance is dedicated to creating value for its worldwide customers.
In 2015, Anbang Insurance Group acquired full control of VIVAT insurance company of the Netherlands. Afterwards, Anbang acquired Tongyang Life Insurance of South Korea and kept it a listed company.
In 2014, Anbang Insurance Group acquired Waldorf Astorial hotel of New York. Moreover, Anbang acquired full control of the famous Belgian insurance company FIDEA and Delta Lloyd bank.
In 2013, Anbang Pension Insurance Co., Ltd. was founded upon approval of China Insurance Regulatory Commission (CIRC).
In 2012, Anbang Insurance Group Co., Ltd. was founded.
In 2011, the registered capital of Anbang Property & Casualty Insurance Co., Ltd. was changed to 12 billion RMB, ranking the second place in the industry. In the same year, CIRC granted approval for Anbang Property & Casualty’s restructuring into a holding group. Anbang Asset Management Co., Ltd. and Hexie Insurance Sales Co., Ltd. were founded.
In 2010, Anbang Life Insurance Co., Ltd. was founded. In the same year, Anbang acquired Reward Health Insurance Co., Ltd. and changed its name to Hexie Health Insurance Co., Ltd. Thus, Anbang Insurance had obtained licenses for property insurance, life insurance and health insurance, etc. The original shape of Anbang Insurance and Finance Group was basically formed.
In 2009, the registered capital of Anbang Property & Casualty Insurance Co., Ltd. was changed to 5.1 billion RMB.
In 2008, CIRC approved Anbang Property & Casualty’s application for conducting telephone sales business in its 37 branches nationwide. Anbang Property & Casualty is the first company in the property insurance industry to receive approval for conducting telephone sales in all provinces of China.
In 2007, GPS system project was smoothly completed and centralized management and dispatch are realized nationwide.
In 2006, Anbang became the first insurer to launch “issuing policy upon payment” and “zero receivables”. The move was recognized by CIRC as a significant contribution to the development of the industry.
In 2005, 22 branches opened up in Liaoning, Fujian etc. A nationwide business network was basically formed.
In 2004, Anbang Property & Casualty Insurance Co., Ltd. (”Anbang Property & Casualty”) was officially founded, and its first branch was opened in Beijing.