In 1938, China Taiping Insurance (Singapore) Pte. Ltd. (formerly known as China Insurance Co. (Singapore) Pte. Ltd.) set its foothold in Singapore. During the 70 years of establishment, the company went through the merger of The Tai Ping Insurance Co. Ltd., Singapore Branch with China Insurance Co. Ltd., Singapore Branch in 2002 and restructuring to become a locally incorporated company in 2003. Following the launch of new name of its Group, China Insurance Co. (Singapore) Pte. Ltd. was renamed as China Taiping Insurance (Singapore) Pte. Ltd. in September 2009.

China Taiping Insurance (Singapore) Pte. Ltd. is a wholly owned subsidiary of China Taiping Insurance Group (HK) Co. Ltd. (formerly known as China Insurance H.K. (Holdings) Co. Ltd.). Established to hold operations in Hong Kong, Macau and overseas, China Taiping Insurance Group (HK) Co. Ltd. is owned by China Taiping Insurance Group Co. (formerly known as China Insurance (Holdings) Co. Ltd.). China Taiping Insurance Group Co. has its business in general insurance, life insurance, reinsurance, reinsurance broking, asset management, trust investment, real estate development, securities broking and pensions. It has 20 subsidiaries in Mainland China, Hong Kong, Macau, Singapore, Japan, Indonesia, the United Kingdom, the Netherlands and New Zealand.

Being one of the pioneers of the insurance industry in Singapore, China Taiping Insurance (Singapore) Pte. Ltd. has grown to become one of the leading general insurers in the country. Today, its paid-up capital and shareholders’ fund has increased to S$50 million and S$78 million respectively with total assets worth more than S$235 million. Its long-term insurer financial strength and counterparty credit ratings is “A-” with stable outlook assigned by A.M. Best.

China Taiping Insurance (Singapore) Pte. Ltd. is principally engaged in general insurance and offer a wide range of products including motor, home, travel, personal accident, fire, public liability, marine, work injury compensation, contractor’s all risks, performance bond, foreign worker bond and foreign workers’ medical insurance etc. In addition, as the main support of the Group’s overseas general insurance business and regional management center in Southeast Asia and Oceania, China Taiping Insurance (Singapore) Pte. Ltd. is assisting in managing its general insurance business in New Zealand and Indonesia.

Milestone:

1938	The Tai Ping Insurance Co. Ltd., Singapore Branch was established
1939	China Insurance Co. Ltd., Singapore Branch was established
1986	Purchased office space in a building at 62 Cecil Street and renamed TPI Building to house The Tai Ping Insurance Co. Ltd., Singapore Branch office
1993	Purchased 2 floors of office space in The Octagon to be used as office of China Insurance Co. Ltd., Singapore Branch
2002	The Tai Ping Insurance Co. Ltd., Singapore Branch was merged into China Insurance Co. Ltd., Singapore Branch.
2003	2003 China Insurance Co. Ltd., Singapore Branch was locally incorporated into China Insurance Co. (Singapore) Pte. Ltd. with a paid-up capital of S$25million
2004	Paid-up Capital increased to S$45million to signify Group’s long-term commitment in the local market
2006	Paid-up Capital increased to S$50million to further strengthen the company’s financial standing
2007	Assigned by Standards & Poor’s the rating of “BBB” long term insurer of financial strengths and counterparty credit ratings with stable outlook
2008	Standard & Poor’s revised its outlook on the Company from stable to positive. Local currency insurer financial strength and counterparty credit ratings were affirmed at “BBB”.
2009	Standard & Poor’s upgraded the long-term financial strength rating and counterparty credit ratings to “BBB+” with stable outlook
2009 Sep	China Insurance Co. (Singapore) Pte. Ltd. was renamed as China Taiping Insurance (Singapore) Pte. Ltd., following the launch of new name of its Holdings Company
2011	Assigned by A.M. Best a financial strength rating of A- (Excellent) and issuer credit rating of “a-“. Outlook for both ratings is stable.