What Is Multi-Peril Insurance?

BOC Insurance Co., Ltd. (referred to as BOC Insurance) is a national property insurance company approved by the China Insurance Regulatory Commission. The company was established on January 5, 2005 and is headquartered in Beijing. The company mainly deals with property loss insurance; liability insurance; credit insurance and guarantee insurance; short-term health insurance and accident insurance; reinsurance business of the above business; insurance fund utilization business permitted by national laws and regulations;

BOC Insurance Co., Ltd.

Bank of China Insurance Co., Ltd. ("BOC Insurance")

The company strives to build a sound corporate governance structure, establish a sound scientific decision-making system, internal control mechanism, and risk management system, establish a quasi-business unit, form a vertical business management system structure, and pass the ISO9001: 2000 quality management system certification.

As a wholly-owned subsidiary of Bank of China, the company uses the innovative banking and insurance business model to make full use of the Bank of China's brand, channels, customer resources and business opportunities. , Zhuhai Nantong Bank and other banks have established business cooperation relationships, and have many successful cases of bank-insurance cooperation.

The company joined hands with International Rescue (Asia) to launch a 24-hour international emergency assistance service, joined the China Nuclear Insurance Community, and became the second domestic partner of Marsh Insurance and Risk Management Consulting Co., Ltd., and initially established a nationwide claims network and A global network of overseas agents has established in-depth cooperative relationships with many well-known domestic and foreign reinsurance companies. In addition, in order to meet the needs of consumers in the online age, we cooperated with Youbao (the largest online health insurance sales portal in the United States, eHealthInsurance in China) to provide consumers with multiple products and insurance plans on this third-party insurance sales platform Enable consumers to consume insurance products faster and safer 24 hours.

Since its establishment, the company has set up Anhui, Yunnan, Jiangxi, Jiangsu, Shenzhen, Zhejiang, Guangdong, Shanghai, Beijing, Tianjin, Sichuan, Shandong, Inner Mongolia, Hunan, Liaoning, Fujian, Hebei, Henan, Shaanxi, Dalian, Hubei, Guangxi and other 22 branches. Developed China's first popular car insurance product for Bank of China credit card holders.

The company has established the core values of "respect, collaboration, dedication, and execution", and advocates the entrepreneurial spirit of "striving ahead and striving for excellence".

BOC Insurance Co., Ltd. has a comprehensive business scope and can operate all non-life insurance businesses, including: property loss insurance; liability insurance; credit insurance and guarantee insurance; short-term health insurance and accidental injury insurance; reinsurance business of the above business; Insurance fund utilization business; other businesses approved by the China Insurance Regulatory Commission.

The historical premium income of BOC Insurance is as follows:

years	Premium income (ten thousand yuan)
In 2005	6201
year 2006	12177
In 2007	50841
Year 2008	159671
Year 2009	199263
year 2010	249173
year 2011	289582
2012	414530

The top ten situations of insurance company premium income in 2012:

The company has strong comprehensive strength. Founded more than one year ago, it successfully insured Fengyun-2C satellite, Asia-Pacific-6 satellite,

Other businesses approved by the China Insurance Regulatory Commission. As a wholly-owned subsidiary of Bank of China, the company adopts a bancassurance innovative business model, making full use of the Bank of China's brand, channels, customer resources and business opportunities. Through seamless connection with the Bank of China, it forms a bancassurance synergy and enhances the Group's competitiveness , Improve customer loyalty, meet customer demand for integrated financial services, and consolidate diversified financial service platforms; meanwhile, the company has established business with a number of banks such as Bank of China (Hong Kong), China Merchants Bank, Industrial Bank, Nanyang Commercial Bank, Zhuhai Nantong Bank and other banks Cooperation relationship, and has many successful cases of bancassurance cooperation.

IPA Global Emergency Assistance Service

People walking outside will inevitably encounter unforeseen emergencies, especially in places you are unfamiliar with, often isolated and helpless. BOC Insurance and International Rescue (Asia) Company (IPA) have jointly launched a 24-hour domestic and international emergency assistance service for cardholders of the BOC Emergency and Rescue Card from December 1, 2005, to provide you in need Much needed help. All cardholders holding BOC Insurance Emergency Assistance Cards will occur during the validity of the Emergency Assistance Cards when they are traveling, traveling or visiting relatives in non-residential locations.

The company launched a 24-hour international emergency assistance service, joined the China Nuclear Insurance Community, and became Marsh Insurance and Risk Management Consulting Co., Ltd.'s second domestic partner. It has initially established a nationwide claims network and a global network of overseas agents. , Established in-depth cooperation with many well-known domestic and foreign reinsurance companies. Since its establishment, the company has established 16 branches in Jiangsu, Shenzhen, Zhejiang, Guangdong, Shanghai, Beijing, Tianjin, Sichuan, Shandong, Inner Mongolia, Hunan, Liaoning, Fujian, Hebei, Henan, and Shaanxi. Successfully underwritten large-scale commercial insurance projects such as Beijing Ferris Wheel Construction Industry Insurance, China Petroleum Engineering Construction (Group) Company Employer Liability Insurance, China Sinotrans Corporation Directors and Senior Management Liability Insurance; participated in the underwriting of China Ocean Shipping (Group) The company's main fleet, the South-to-North Water Diversion Project, and the Nanjing Metro Project; developed the first popular automobile insurance product in China for customers of Bank of China credit card holders. The company has established the core values of "respect, collaboration, dedication, and execution", and advocates the entrepreneurial spirit of "striving ahead and striving for excellence".

The company adheres to the focus of customers, strengthens customer service management, enriches business varieties, and promotes product innovation. Won the China International Finance Exhibition Awards for three consecutive years ("Excellent Financial Brand" award in 2007, "Best Solution" award in 2008, and "Financial Business Innovation" award in 2009).

The "BOC Relief Accident Protection Plan" won the "2008 China Insurance Industry Annual List-Innovation of the Year" award. In 2009, as the only domestic wholly-owned bank insurance company, the company won the "2009 China Insurance Annual List- "Annual Channel Innovation" award. In 2010, with the good performance of the bancassurance business, the company won the "2010 Annual List of China's Insurance Industry-Annual Development Potential" award.

Bank of China Insurance Co., Ltd. strives to provide professional risk management solutions for individuals, families and groups through a variety of banks-based channels and advanced technical means to provide customers with the most suitable insurance products and high-quality and convenient services.

BOC Insurance Donates Group Accident Insurance to Frontline Fighters

On April 22, the Vice President of Bank of China Insurance and his party went to the Sichuan Armed Police Corps to express condolences to the armed police officers and soldiers on behalf of the Bank of China. Injury insurance is sent to the military police officers and soldiers who fought in the front line of the 4.20 Lushan earthquake disaster relief.

In 1996, the Bank of China Group Insurance Co., Ltd. established a representative office in Shenzhen;

In November 2001, the Shenzhen Representative Office was upgraded to Shenzhen Branch;

In March 2004, the preparatory group for BOC Insurance Co., Ltd. was established in Shenzhen;

In January 2005, Shenzhen Branch was restructured into BOC Insurance Co., Ltd. with a registered capital of 500 million Hong Kong dollars;

In June 2006, the company headquarters was relocated from Shenzhen to Beijing;

In March 2007, the CIRC will manage BOC Insurance as a Chinese-funded insurance company;

In 2007, the organization developed greatly, and 11 branches were established, and the registered capital increased to 2 billion Hong Kong dollars;

In 2008, the number of branches reached 19 and the premium income was 1.63 billion yuan;

In 2009, premium income was 2.02 billion yuan; Bank of China purchased all the shares of BOC Insurance from Bank of China Group Insurance Co., Ltd. to achieve straightened management of the head office. Company transformation

In 2010, the number of branches reached 21 and premium income was 2.49 billion yuan;

In 2011, there were 26 branches and premium income was 2.93 billion yuan, an increase of 16% over the previous year. The prepaid premium income including insurance cards amounted to 3.58 billion yuan, with a net profit of more than 43 million yuan.

In 2005

1. On January 5, 2005, BOC Insurance Co., Ltd. was incorporated in the State Administration for Industry and Commerce.

2. On January 11, 2005, the Bank of China Insurance Co., Ltd. held the first meeting of the BOC Board of Directors in the second meeting room on the tenth floor of the Bank of China Co., Ltd. This is the BOC Insurance successor to the State Administration for Industry and Commerce. Another major event after the approval of registration marks the official launch of the BOC Insurance Board's operating mechanism, which is of great significance to the development of the company's various businesses and the construction of corporate governance mechanisms.

3. On January 17, 2005, BOC Insurance Co., Ltd. launched a talent recruitment and training program to lay a solid foundation for the long-term development of BOC Insurance. On January 17-24, the first large-scale fresh graduate recruitment work since the establishment of BOC Insurance was held in Beijing, Shanghai, and Shenzhen. On July 11-15, according to the 2005 overall training plan, BOC Insurance held a period of 5 Tian's new employees are trained in the company. The training is divided into 15 topics.

4. In March 2005, BOC Insurance Co., Ltd. and Bank of China co-operated to successfully market a package of financial services for Nanjing Celanese Chemical Company. The success of this project marks the Bank of China's one-stop financial services including insurance for internationally renowned companies on this project, which is a concrete embodiment of the Bank of China's diversified development strategy and the Bank of China's implementation of bank-insurance cooperation within the group. New model.

5. On April 12, 2005, BOC Insurance Co., Ltd. successfully participated in the launch of the underwritten "Asia-Pacific Six" international commercial communications satellite. BOC Insurance invited bank leaders from Bank of China Anhui Branch, Zhejiang Branch, Jiangsu Branch, Hunan Branch, and Sichuan Branch to watch the entire launch of "Asia-Pacific VI" at the satellite launch site in Xichang.

6. On May 30, 2005, BOC Insurance Co., Ltd. and Bank of China (Hong Kong) Co., Ltd. signed an insurance agency agreement. Bank of China (Hong Kong) Co., Ltd.'s Mainland China Business Department will fully represent BOC Insurance's insurance business.

7. From July 21 to July 23, 2005, BOC Insurance Co., Ltd., together with the Financial Institutions Department and the International Settlement Department of Bank of China Co., Ltd., co-organized the "2005 BOC Agent Freight Insurance Business Promotion Conference" in Beihai, Guangxi. Representatives from 14 Banks of China representing freight insurance business in Beijing, Shanghai, Guangdong, Sichuan, and Guangxi participated. This meeting has a positive effect on promoting BOC insurance business, deepening the Chinese banking system's understanding of BOC Insurance, and promoting the start of freight insurance business.

8. On August 12, 2005, the Bank of China Insurance Co., Ltd. held a mobilization and deployment conference to maintain the advanced nature of Communist Party members. All members of the Bank of China Insurance participated in the meeting. Since August 2005, the Bank of China Insurance has carried out learning and practice throughout the company. Educational activities to maintain the advanced nature of Communist Party members with the important thinking of the "Three Represents" as its main content.

9. On September 5, 2005, the China Insurance Regulatory Commission approved BOC Insurance Co., Ltd. to establish Jiangsu Branch. This is the first branch approved by BOC Insurance since its establishment. BOC Insurance will therefore become the first foreign property insurance company to enter the Jiangsu insurance market. On November 24, the Jiangsu Insurance Regulatory Commission was entrusted by the China Insurance Regulatory Commission to inspect and pass the preparations for the Jiangsu branch.

10. From September 6th to 9th, 2005, the China Nuclear Insurance Community (hereinafter referred to as the "Nuclear Community") held its 2005 annual meeting. BOC Insurance Co., Ltd. was officially approved to join and became a new member of the Nuclear Community.

11. On September 16, 2005, BOC Insurance Co., Ltd. and China Merchants Bank signed a cooperation agreement on freight insurance agency business, and China Merchants Bank started to represent BOC Insurance freight insurance business nationwide. This is an active attempt by BOC Insurance to open up bancassurance channels. Well-known domestic news media such as the Financial Times, China Insurance News, Securities Times Online, Sina.com and Hexun.com have all reported on this.

12. On September 27, 2005, the Bank of China Co., Ltd. President's office meeting studied and decided that the Bank of China Insurance Co., Ltd. should be headquartered in Beijing.

13. On September 27, 2005, BOC Insurance's "DMC + 4" satellite, which was co-insured, was successfully launched in Russia. With China Re Group as the main underwriter, there are 11 insurers from Pacific Property & Casualty Insurance, Land Property & Casualty Insurance, BOC Insurance, Ping An Insurance, China United, Wing On Property & Casualty, Tianan Insurance, Huatai Property & Casualty, Taiping Insurance, and Huaan Property & Casualty The business model independently underwrites the satellite launch and on-orbit insurance with a total insurance amount of 101.2 million yuan.

14. In order to further streamline the company's management structure and better achieve the positioning of our company's bancassurance strategic model, after researching by Bank of China Co., Ltd., we adjusted and supplemented the BOC leadership team, and appointed Qi Zerui as chairman of BOC Insurance, Presided over the overall work of the board of directors, and hired Duan Qiuping as the general manager of BOC Insurance and Shi Xing as the assistant general manager of BOC Insurance.

15. On November 16, 2005, BOC Insurance Co., Ltd. and International Rescue (Asia) Company (IPA) formally signed a cooperation agreement, and the two parties will jointly launch a 24-hour domestic and international emergency assistance service. This time, BOC Insurance and IPA introduced the internationally popular emergency assistance service concept, which is an important measure to improve service quality and realize the global guardianship concept.

16. On November 17-18, 2005, BOC Insurance Co., Ltd. passed the third-party on-site certification of British Standard Management System Certification (Beijing) Co., Ltd. (BSI). BOC Insurance successfully passed the ISO9001: 2000 quality system certification, marking that The company's internal management has reached a new level.

17. On November 28, 2005, the first insurance card product issued by BOC Insurance Co., Ltd., BOC Global Guard Card, was completed. This insurance card project is another successful case of cooperation with the Chinese banking system.

18. On December 29, 2005, the Bank of China Co., Ltd. formulated and issued the "Bank of China Insurance Management System Program", which provided BOC's organizational management structure and responsibilities at all levels, division of responsibilities between the chairman and general manager, reporting lines, and operational procedures. The four aspects, including the information reporting system, are clearly defined, and are the main guidelines for BOC's corporate governance and operation management.