Background of China Insurance

China Insurance Office

China Insurance Company (UK) Ltd was registered in 1983, approved and licensed by the Department of Trade and Industry in time to begin underwriting on 1st October 1985, from which time it has also been a member of Association of British Insurers.

Originally a joint venture between The People's Insurance Company of China and Bank of China, it has since been 100% owned by China Insurance (Holdings) Co. Ltd.

Authorised to transact most classes of fire,accident, liabilities, marine and aviation business both direct and through reinsurance, the Company has a fully paid share capital of £15m. Currently assets under management exceed £50m with more than 40% of this figure attributable to shareholders. Our current level of annual income at nearly £16m (all underwritten within the UK), provides the Company with a very solid base for it's future development and a substantial margin over the minimum solvency requirement under the Insurance Companies Acts.

We have developed a strong network of brokers and agents throughout the United Kingdom and Northern Ireland and also transact business direct with the public particularly among the Chinese Community.

So far, we have a Representative Office in Manchester, and a branch in Netherland to support our customers outside of the United Kingdom.

Our parent company is a financial and insurance group with diversified business coverage and a vast network. The business covers general insurance, life insurance, reinsurance and also extends to asset management, trust investment, real estate development, securities broking and pensions etc.

The mission of our group is to help create a prosperous society while promoting the well-being and peace of mind among people. As a member of this group, we are focusing on European business and we aim to establish ourselves as a distinctive Chinese insurance brand in the European market.

Latest News

ELTO

From 1st April 2012 we are required under new regulations to request the following information for any insurance policies which include Employers Liability Insurance:

  • Employer Reference Number (ERN) which is commonly referred to as the Employer's PAYE Reference.

We now request this additional information on our Proposal Forms.

This information is sent to the Employers Liability Tracing Office (ELTO) who will keep a record on their database in case of any future Employers Liability Claims.

The ELTO employer guide designed to advise employers of the information they will need to supply to their insurers is available to download from the FORMS page of our website.

For further information, please visit the ELTO website www.elto.org.uk

 

FREEZING WEATHER - AVOID BURST PIPES

Suffering a burst pipe and the escape of water that follows can be a miserable experience.

Reduce the risk or at least the after-effects by following the simple steps in our informative leaflet available to download on our Forms page

We are members of:

China Insurance Association of British Insurers