News eDaily23 Jul 2018

Greater China:9 Chinese insurers on 2018 Fortune Global 500 list

| 23 Jul 2018

Nine Chinese insurance companies, including two from Taiwan, are listed on the 2018 Fortune Global 500 list. Three of the nine insurers appear for the first time on the list.

The nine insurance companies are:

Insurer 2018 2017 Change in placing
Ping An  29 39 10
China Life 42 51 9
PICC 117 114 -3
China Pacific 220 252 32
AIA 295 383 88
Cathay  410 411 1
China Taiping  465 NA NA
Fubon  479 NA NA
Taikang  489 NA NA

 

Two mainland Chinese insurers, previously on the list, dropped out this year. They were New China (ranked 497 last year) and Anbang Insurance (ranked 139 last year).

Overall, US retail giant Wal-Mart leads the Top 500 list, with the State Grid Corporation of China, Sinopec Group and the China National Petroleum Corporation taking second, third and fourth place.

There are 120 Chinese corporations on the 2018 list, compared to 115 the previous year.

 

 

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