Cathay Life Insurance () is a

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...

founded in 1962. The firm offers life, health, and annuities. In 2017, Cathay ranked 411th on the

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

History

The firm was founded in 1962 by

Tsai Wan-lin Tsai Wan-lin (; 10 November 1924 – 27 September 2004) was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world, with a family net worth of US$12.2 billion. At the time of ...

and family members. Cathay Life was the first Taiwanese life insurance company to enter the Chinese market, starting in Shanghai in 2005. The firm then entered Vietnam in 2008, forming Cathay Life Vietnam and selling through banks.

References

1962 establishments in Taiwan Companies based in Taipei Financial services companies established in 1962 Life insurance companies of Taiwan {{Insurance-company-stub

History

See also

References