The First Insurance Co., Ltd. (Taiwan, China)

The First Insurance Co., Ltd. was established on September 4, 1962. Ever since, the company has played a significant role in stabilizing national economy, improving social welfare, as well as flourishing the industry and commerce. In 1994 approved by Securities and Futures Commission, Ministry of Financial Affairs the company issues public shares. And in November, 2000 the company was listed on Taiwan Stock Exchange. In its pioneering phase, the company was comprised of just two sectors of specialization, the financial sector and the business sector. By upholding a prudent and committed corporate principle, together with employee contributions, the company has successfully laid a solid foundation in Taiwan’s insurance market. Nowadays, the First Insurance Co., Ltd. is a well-diversified organization, which is providing its commercial as well as personal lines customers with an extensive range of insurance products. Currently the company is mainly engaged in provision of property insurance services. The company provides fire insurance, marine insurance, automobile insurance, engineering insurance, liability insurance, guarantee insurance, injury insurance, health insurance and reinsurance, etc. Specifically, fire insurance includes commercial fire insurance and residence fire insurance. Marine insurance includes cargo transportation insurance, hull insurance and fishing vessel insurance, among others, The company operates its businesses primarily in Taiwan. As of December 31, 2009, the company had five branches in Taiwan. On November 19, 2010 The First Insurance Co., Ltd. received “twA+” and ‘BBB’ ratings and outlook stable for its issue credit and financial strength, from Taiwan Ratings and Standard & Poor’s respectively.