Company History

PT. CHINA TAIPING INSURANCE INDONESIA (formerly known as China Insurance Indonesia), as a local registered general insurance company according to the law of Indonesia, deals with non-life insurance and reinsurance business.

One of our shareholders is China Taiping Insurance Group Co. (formerly China Insurance (Holdings) Company Limited) with share of 55%, is a state-owned financial and insurance group founded in 1929 in Shanghai.

Presently, China Taiping Insurance principally engaged in insurance business, and also providing investment, securities broking, asset management etc. China Taiping Insurance has more than 20 subsidiaries in Mainland China, Hong Kong, Macau, Europe and Southeast Asia. For more than 80 years, China Taiping Insurance has served as the window to the insurance industry of China.

As we continue to build and develop China Taiping Insurance’s future in the new millennium, we are now at the crux of the opportunities presented by globalization, the rapid development of science and technology and China’s entrance into the World Trade Organization.

China Taiping Insurance will be “A Company of Firsts”. We will always honor our promise, to make every effort to pursue excellence in the domestic market and to keep a global presence. Our goal is to continually strengthen our position as a comprehensive and diversified financial and insurance group.

To create well-being and peace in the life and peace of mind of our customers is our vision.

To build a distinctive “China Taiping Insurance” brand in the world of financial field is our mission.

Stability, creativity, sincerity and expertise are our principles and objectives.

At China Taiping Insurance, we promise sincere service and diligent management. Honoring our past, building on our future, we will uniquely position ourselves in the world’s financial and insurance industries by building a strong brand and a distinctive corporate profile.

The other shareholder, Argo Manunggal Group subsidiaries is a major business organization encompassing the textile, steel, property, tire and poultry industries. The Group is highly competitive and has been very successful in adapting to new markets and business challenges both locally and overseas.

The history of the Argo Manunggal group began in 1949 when the founder, Mr. The Ning King, started his business in textiles trading in 1961. Mr. The established his first factory, a textile firm in Salatiga, Central Java. Under his stewardship, the group expanded and diversified into new business fields such as galvanized iron sheet, steel, poultry, tires and property. Realizing the importance of strong international trading relationships, the Argo Manunggal Group formed strategic alliances with many well-known international companies. From its humble beginnings, the Argo Manunggal Group has grown to become one of Indonesia’s most respected and successful organizations. The Group encompasses more than 40 factories and joint ventures, and employs more than 35.000 people.

The both 2 (two) big reputation group, to build up “PT. China Taiping Insurance Indonesia”.

PT. China Taiping Insurance Indonesia was built on June 1996, the head office is located in Jakarta, has offices in downtown of Jakarta, Bandung, Semarang, Surabaya and Medan. Following its business developing, China Taiping Insurance Indonesia will continue to open its offices in the other cities/areas of domestic and abroad.