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CACIC

Sector: Raw Materials • Location: China

Source: International Finance Corporation (IFC)

Project
Completed

Equity investment in Ancheng Property & Casualty Insurance Co., Ltd. (“Ancheng” or the “Company”) (the “Project”). Ancheng, headquartered in Chongqing, is one domestic property and casualty (“P&C”) insurance companies based in western China. The Project will help Ancheng grow its insurance business and expand its national footprint, and also support the Company’s efforts to further develop its agr

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The project “CACIC” is an infrastructure initiative in the Raw Materials sector, located in China. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

Taiyo status

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Description

Description

Equity investment in Ancheng Property & Casualty Insurance Co., Ltd. (“Ancheng” or the “Company”) (the “Project”). Ancheng, headquartered in Chongqing, is one domestic property and casualty (“P&C”) insurance companies based in western China. The Project will help Ancheng grow its insurance business and expand its national footprint, and also support the Company’s efforts to further develop its agricultural insurance products. Ancheng was established in 2007. Since its inception, Ancheng has expanded from its Chongqing base to 11 provinces in China. The Company currently provides a range of P&C insurance products, including damage, liability, credit, guarantee, agriculture (such insurance is mainly provided to small and individual farmers), short-term health, and accident insurance.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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