
Finance & InsuranceBeijing, Beijing5 open jobs
The "Renhe Insurance" brand has a long history, closely related to the development of China Merchants Group. After the founding of the Steamship Merchants Bureau, a pioneer of Chinese national industry and commerce, in 1872, Western powers, leveraging their monopoly in insurance, refused to underwrite or demanded exorbitant premiums for the Merchants Bureau's cargo, attempting to stifle it in its infancy. To strengthen itself and survive, the Steamship Merchants Bureau founded the earliest Chinese national insurance company in 1875 – Insurance Merchants Bureau, and established Renhe Insurance the following year. The Insurance Merchants Bureau was later merged into Renhe Insurance. From the establishment of modern Chinese national financial insurance in 1875 to its integration into the financial insurance system of New China in the 1950s, Renhe Insurance accompanied the great social upheavals and transformations in China, experiencing several ups and downs. However, its historical position and contribution as a founder, witness, and promoter in the annals of modern Chinese national financial insurance are indelible. It was a pioneer of its time in supporting industrial development with financial capital, exploring new systems and mechanisms for official supervision and merchant operation, and testing international operations. On December 1, 2016, with the approval of the former China Insurance Regulatory Commission, China Merchants Renhe Life Insurance officially began its preparatory work and received approval to commence operations on June 30, 2017. The establishment of China Merchants Renhe Life Insurance marked the successful relaunch of the "Renhe Insurance" brand, advancing the history of China's national insurance industry by more than half a century. China Merchants Renhe Life Insurance has a registered capital of 5 billion RMB and was jointly initiated by three central state-owned enterprises: China Merchants Group, China Mobile, and China Information Technology, along with Shenzhen state-owned enterprises and three private companies. As an insurance company controlled by a central state-owned enterprise, China Merchants Renhe Life Insurance will adhere to the development laws of the financial insurance industry and the principle of "insurance is insurance-focused." It will pursue a market-oriented, professional, and differentiated development path driven by innovation. Based on serving the general public, with a focus on serving high-net-worth clients, it aims to build a financial insurance service platform covering the entire customer lifecycle. It will implement a digital strategy, establishing digital marketing, service, and management platforms to strive for the vision of "smart insurance, internet finance." The company will make the medical and elderly care industry a pillar of its business, integrating high-quality domestic and international resources, and vigorously improving insurance products, hardware facilities, and operational services related to medical and elderly care, enabling customers to enjoy advanced global medical and elderly care services.
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