Company Profile

China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) is a leading composite insurer for both life and general insurance business. CTPIS is originated from Tai Ping Insurance Co. Ltd Singapore Branch that established in Singapore since 1938. Today, its paid-up capital and shareholders’ fund has grown to S$80 million and S$140 million respectively with total assets worth more than S$348 million. CTPIS has a financial strength rating of “A” and issuer credit rating of “a” as “Excellent” in both rating categories by the A.M. Best, and the outlook of these Credit Ratings is stable.

We have been assuring our customers in Singapore with financial peace of mind for the last 80 years. Our personal insurance protection covers travel, motor, home, personal accident, hospital and domestic maid.  Our business insurance includes various business operation packages, property, casualty (includes work injury compensation), bonds, engineering, marine and medical & health.

CTPIS is wholly owned by China Taiping Insurance Holdings Company Limited (“CTIH”), which was listed on the Hong Kong Stock Exchange in 2000, making it the first Chinese-funded insurer listed overseas. China Taiping Insurance Group Limited is a large transnational financial and insurance group with 500,000 employees, 24 subsidiaries, nearly 2,000 business outlets and total assets of RMB 600 billion. Its business network covers Mainland China, Hong Kong, Macau, North America, Europe, Oceania, East and Southeast Asia.

 

 Milestones

1938 Established The Tai Ping Insurance Co Ltd, Singapore Branch.
1939 Established China Insurance Co Ltd, Singapore Branch.
1986 The Tai Ping Insurance made its long-term commitment to Singapore. It purchased office space at 62 Cecil Street and named as TPI Building.
1993 China Insurance expanded its operations with purchase of two floors of office space at The Octagon, in the central business district.
2002 China Insurance Co Ltd, Singapore Branch merged with The Tai Ping Insurance Co Ltd, Singapore Branch and operated as China Insurance Co Ltd, Singapore Branch.
2003  China Insurance Co Ltd, Singapore Branch incorporated into China Insurance Co (Singapore) Pte Ltd with a paid-up capital of S$45million
All business units consolidated under one roof with the leasing of an additional floor at The Octagon. We used part of the TPI Building as operation recovery centre for business continuity.
2006 Increased paid-up capital to S$50million as we further strengthened the company’s financial standing.
2009 In line with the Group to consolidate its global businesses and operations under a unified brand name and logo, the company was renamed as China Taiping Insurance (Singapore) Pte Ltd and adopted the new logo.
2013 Purchased two floors of office space, with over 20,000 square feet at Springleaf Tower, in tandem with the company’s expansion plans.
2014 Increased paid-up capital to S$65 million to strengthen the company’s financial standing.
Relocated our office operations to 15th and 16th floors at Springleaf Tower in July.
2015 Further increased our paid-up capital to S$80 million as our long-term commitment to Singapore.
2018 Received its licence from the Monetary Authority of Singapore in August as a composite insurer to carry on life insurance business in Singapore.