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Yingda Taihe Property Insurance and Dongfeng Automobile Co., Ltd. (SHSE: 600006) held a cooperation signing ceremony. Under the cooperation, the auto maker will change “presenting prizes to customers” to “presenting Auto Insurance products of Yingda Taihe to customers” based on transforming the internal marketing incentive forms, open up other insurance renewal businesses all dealers and [...]
Insurance Firm Sues CPA for $5.7 Million
An insurance company claims that relying on false financial statements has cost it $5.7 million. Travelers Casualty & Surety Co. of America has filed a federal lawsuit against the CPA, H. Neal Privitt of Little Rock, who provided the financial statements in an attempt to recover the money. Travelers was the surety bonding company for [...]
ASIAN-BASED IGATE’S Q3 NET INCOME UP 60% AT US$14.3 MLN
US-based, Indian-focused IT outsourcing firm iGATE on Wednesday said its net income jumped by 60.67 per cent to US$14.3 million in the quarter ended September 30, 2010. The company, which earns 80 per cent of its revenue from North American markets, had registered a net income of $8.9 million in the third quarter last year. [...]
China Life Q1 Premium Down 7.5%
April 20th, 2012 
gary China life insurance Company Ltd. (NYSE: LFC and SHSE: 601628), a life insurance heavyweight in the country, reaped premium revenue of CNY 113.8 billion in the first quarter of this year, slipping 7.5% from CNY 123 billion a year ago. Premium revenue in March came to CNY 34.4 billion, decreasing 10.42% from a year earlier, [...]
How to shop the best annuity rates ?
April 20th, 2012 gary If you are nearing retirement, you may be starting to worry about your pension policy and annuities. Whatever pension products you have invested in over the years, what kind of lifestyle are they going to enable you to afford when you stop working? Does the idea of a guaranteed retirement income sound appealing? Many people [...]
China to Open Compulsory Auto Insurance to Foreign Firms
February 23rd, 2012 gary On February 14, China and the U.S. released a Sino-U.S.joint statement on enhancement of economic relationship. According to the statement, China has decided to open compulsory automobile liability insurance to foreign insurance companies and will officially implement related laws and regulations after modification. The China Insurance Regulatory Commission (CIRC) clearly expressed in August 2011 that [...]
New China Life Plans CNY 15 Bn Debt Financing
February 13th, 2012 gary New China life insurance Co. (NCL) expects to issue not more than CNY 10 billion five-year subordinated debt and maximum CNY 5 billion ten-year debt financing instrument to improve its solvency, according to its announcement on February 1. The debt issues will be subject to regulatory approval. The total CNY 15 billion debt financing will [...]
Sino Life Insurance Mulls An Insurance Group
February 13th, 2012 gary Sino life insurance Co. is expecting to grow into an insurance group that will operates property insurance, pension insurance and insurance sales units in addition to life insurance before launching an overall listing. Sino Life Insurance, incorporated in March 2003, had CNY 56.6 billion total assets and CNY 50.679 billion liabilities as at November 30, [...]
China 2011 Saw CNY1.43trn Original Insurance Premium
February 13th, 2012 gary China’s insurance industry saw CNY 1.43 trillion total original insurance premium in 2011, a 1.3% year-on-year slip. Of this, the original property insurance premium reached CNY 461.8 billion, increasing 18.54%, owing to the continuing booming commercial motor vehicle insurance, while the original life insurance premium was about CNY 972.1 billion, decreasing 8.57%, because of some [...]
2011 Life Insurance Premiums Fell in China
February 13th, 2012 gary Sixty life insurance companies in China got CNY 956 billion original premiums in 2011, compared with CNY 1.05 trillion original premiums in 2010, according to latest statistics from China Insurance Regulatory Commission. Of the top six life insurers by market share, China life insurance Co., China Pacific life insurance Co. and New China Life Insurance [...]
