Cpic Life Insurance Core Business Systems Development Strategies And Practical Thinking

China Pacific Insurance (Group) Co., Ltd (hereinafter referred to as "CPIC Group") is a nationwide commercial insurance company. China Pacific Life Insurance Co., Ltd (hereinafter referred to as "CPIC Life") is the insurance company under CPIC which deals with the professional life insurance business, the 3rd largest life insurance company countrywide. There are totally 37 branches, over 3600 central branches, sub-branches and sales offices throughout the country, with more than 30 thousand staff and over 260 thousand distributors. The company covers very large scope with mass clients. Since the establishment, the company accumulates more than 70 million clients and 75 million long-term business policies with the huge data requiring the long-term management. In recent years, the company is committed to the backup intensification management under the strategic guidance of "centralized management, extended services", vigorously promoting the professional construction in the areas of sales, operation, internal control and comprehensive administration, which bring up the unprecedented high requirements for the company's information-based strategy plan and the implementation. In order to bring to full play of the core competency of the information technology for guarantee, support, innovation as well as guidance, and continue to keep the leadership in the industry, in December,2005, CPIC Life fully launched the planning and implementation for "CPIC Life Insurance Core Business System Construction Project (Project code:P10)", pushing the construction all-round for the new generation of National Centralized Life Insurance Core Business System (hereinafter referred to as "P10 project"). This project is about to complete at the moment.Through the profiling and thinking about the core business system development strategy of CPIC Life, this article makes in-depth exploration for the strategy, implementation methodology and risk management strategy of CPIC Life under the development strategic guidance and driving of "Build up the first-class life insurance company with international view, and world competitiveness", dedicated to backup management transform and business process restructuring, and pushing the construction of the new generation of core business system entirely. Also, based on Enterprise Reform Management Theory, this article makes the summary and analysis for the implementation of CPIC Life insurance Core Business System at 5 aspects, which are the reforms of development strategy, organization, business and process, "human resource" and IT technology. The insurance company is essentially the company which processes the information, so this article is designed to provide the beneficial inspirations for the information construction development strategy planning and its effective execution in the large information intensive companies through probing into the construction process of CPIC Life Insurance Core Business System.