Du Bang Property and Casualty Insurance Co., Ltd. is a domestic property and casualty insurance company which has been authorized by the China Insurance Regulatory Commission (CIRC) and commenced business on October 19, 2005. The company’s headquarters are based in Beijing.
Du Bang is specialized in property damage insurance, liability insurance, credit guarantee insurance, short-term healthcare insurance, personal accident insurance, and global reinsurance coverage to support such business lines. The company carries out proper capital management and other required corporate operations which are permitted by the CIRC.
Du Bang’s outstanding senior management team includes both the domestic industry’s highest expertise, as well as foreign experts from Taiwan and the United States. This will enable global standards to merge with local expertise, creating a product portfolio that matches both the domestic and international market. In addition, a well organized team of actuaries, professional underwriters and claim specialists are dedicated to the areas of strategic development, sales, customer service, capital asset management, information systems (IT) and corporate administration.
Du Bang is establishing a foothold in Beijing and is developing nationwide sales and service distribution channels by using a customer-oriented organizational structure with high quality products and service standards. Its corporate mission will continue to focus on the development of an innovative, highly competitive and profitable integrated financial insurance group.