The (Rat June seventh day), July 22, 1996, the Chinese People's Insurance Company (Group) was established.

deployment based on the reform of the State Council, the Chinese People's Insurance Company of institutions divided working days prior to the successful conclusion of the Chinese People's Insurance Company (Group) was officially inaugurated.
Insurance Group, China's first insurance group companies, it established a milestone in the history of the development of China's insurance industry, inscribed with 46 years of development and achievements of the People's Insurance Company of China. The People's Insurance Company is the largest of a state-owned insurance company. "85" period of premium income reached 201 billion yuan, 3.5 times the premium income of the Seventh Five-Year Plan "period, the average annual increase of 26%. Responsible for risk amount to 1995, the People's Insurance Company of 9.1389 trillion yuan, the premium income of 47.6 billion yuan, assets of 102.9 billion yuan, to form a network of institutions nationwide radiation overseas and complete. January to June this year, the domestic running the business premium income of 29.11 billion yuan, an increase of 15.4% over the same period last year.
Insurance Group is responsible directly to the State Council, leadership, supervision and management by the People's Bank of China, and its financial management by the Ministry of Finance. PICC Property Insurance Co., Ltd. under the China Insurance Group, PICC Life, PICC Reinsurance Company Limited. The existing overseas insurance as a separate entity directly under Insurance Group, the continue operating overseas insurance business. Insurance Group and three professional companies are a business entity. Insurance Group is the holding company in the form of its investments in subsidiaries and the implementation of the leadership, management and supervision.