China Merchants Group, EraVision Group and China Mobile jointly launched and established China Merchants Life Insurance in 2017.
“China Merchants Life Insurance” has a long history and is closely related to the development of China Merchants Group. After the establishment of China Merchants Group, a pioneer of China's national industry and commerce, in 1872, Western powers, with the assist of insurance monopoly, did not underwrite or extort premiums from China Merchants Group's ships, trying to strangle China Merchants Group in its cradle. In order to save ourselves, China Shipping Merchants Group founded China Insurance Merchants Group, the earliest national insurance company in China, in 1875, and founded China Merchants Life Insurance the following year. Later, China Insurance Merchants group was incorporated into China Merchants Life Insurance.
From the opening of China's Modern National Financial and Insurance industry in 1875 to its integration into the financial and insurance industry of new China in the 1950s, China Merchants Life Insurance has experienced several ups and downs with the great turbulence and changes of Chinese society in more than 70 years. However, in the history of China's modern national finance and insurance industry, her historical position and contribution as a pioneer, witness and promoter are indelible. She can be called a pioneer of the times in using financial capital to support industrial development, exploring new systems and mechanisms of government supervision and commercial operation.
On December 1, 2016, with the approval of the former China Insurance Regulatory Commission, China Merchants Life Insurance officially began its preparation and obtained the approval for opening on June 30, 2017. China Merchants Life Insurance came into being, announcing the successful resumption of " China Merchants Life Insurance ", which has advanced the history of China's National Insurance industry by more than half a century.
As an insurance company controlled by a state-owned enterprise, China Merchants Life Insurance will follow the development law of the financial and insurance industry and the principle of "Insurance Surname Insurance", follow the innovation driven development path of marketization, specialization and differentiation, and continue to promote the implementation of the four strategies of "Value Leading, Innovation Driving, Scientific and Technological Empowerment and Risk Control Guarantee". Adhere to the concept of dynamic and balanced development of quality, efficiency and scale, and take value management as the main guide for the development of the company. Continue to promote innovation driven from 5 aspects: Product Innovation, Service Innovation, Business Model Innovation, Industrial Chain Innovation and Organizational Process Reengineering, and Constantly Meet Customers' Expectations for better products, warmer services, faster claim settlement and more stable income. Driven by new technologies such as mobile Internet and supported by customers, products, channels, technology and governance, cultivate the core competitiveness of smart insurance business, and develop a new platform economy model with 4 characteristics: Three-Dimensional Social Networking, Comprehensive Finance, One-Stop Service and Industrial Ecology. Take risk control guarantee as the most important guarantee system of the company, and constantly improve the risk management system covering the whole business and whole process to ensure the healthy and orderly development of the company.
China Merchants Life Insurance will give full play to its shareholder advantages and late development advantages and strive to build itself into a high-quality insurance service provider with innovative characteristics.
Learn more details：https://www.cmrh.com/
