China Life Property & Casualty

China Life Property & Casualty, also referred to as China Life P&C, is the commercial entity identified by the supplied name and website. The available evidence describes it as belonging to the property insurance category. It does not provide further verified details about the company’s founding, ownership, headquarters, specific insurance products, or operating markets, so those details are not stated here.

China Life Property & Casualty Insurance Company Limited was established in 2006 as the property and casualty insurance subsidiary of the China Life Insurance Group. Its creation followed the restructuring of China's state insurance sector, in which the former People's Insurance Company of China was split and China Life emerged as a major state-controlled insurance group focused primarily on life insurance. The new P&C arm was intended to extend the group's reach into non-life lines and to compete in China's fast-growing motor and commercial insurance markets. From its base in Beijing, the company built a nationwide branch network and expanded into personal lines, especially auto insurance, which became its dominant source of premium income. It also developed commercial property, liability, engineering, marine cargo and agricultural insurance products, often targeting corporate clients and government-related projects. Distribution relied on a combination of tied agents, bancassurance, group sales and, increasingly, online and mobile channels. As part of the China Life system, the P&C subsidiary benefits from the group's brand recognition and its large customer base. The parent group's listed life insurance entity, China Life Insurance Company Limited, is one of China's largest insurers and is listed in Shanghai, Hong Kong and New York. China Life P&C is not separately listed; its results are consolidated within the group's financial reporting. Over the years the company has invested in digitalization, including online claims processing, mobile apps and telematics-based auto insurance, to improve efficiency and customer service. It has also faced the same competitive pressures as other Chinese P&C insurers, including pricing competition in auto insurance and regulatory changes to the motor insurance market. Despite these pressures, it remains one of the larger non-life insurers in China and an active part of the state-linked insurance landscape.

• 2006

  China Life Property & Casualty Insurance Company Limited is established as the P&C subsidiary of the China Life Insurance Group.

Identified in the available evidence with the property insurance category; further positioning is not established.

• Property insurance

  The supplied evidence places the entity in the property insurance category; it does not specify individual products.

• 2025

  Former President Liu Anlin Expelled from the Party for Serious Losses from Irregular Operations

  In October 2025, disciplinary authorities announced that Liu Anlin, former president of China Life Property & Casualty Insurance, was expelled from the Communist Party of China for serious violations of discipline and law, including causing significant losses through irregular operations, accepting gifts, and misconduct in vehicle use and investment duties. This entry concerns individual disciplinary action, not a criminal verdict.

  Source

• 2023

  Fined 1.51 Million Yuan for Inaccurate Auto Insurance Data, Unlicensed Sales, and Fraudulent Aquaculture Insurance Claims

  In May 2023, regulators penalized China Life Property & Casualty Insurance and three provincial branches for inaccurate auto insurance financial data, sales through unlicensed institutions, and fraudulent underwriting and claims in pig insurance. The institutions were fined a total of 1.51 million yuan, and individuals were also penalized.

  Source

Read more

1. 1China Life Property & Casualty official websitechinalife-p.com.cn
2. 2Fined 1.51 Million Yuan for Inaccurate Auto Insurance Data, Unlicensed Sales, and Fraudulent Aquaculture Insurance Claimsthepaper.cn
3. 3Former President Liu Anlin Expelled from the Party for Serious Losses from Irregular Operationsfinance.caixin.com