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The branch will be mainly engaged in the development and launching of insurance products with the nature of indemnification, said that head of the branch, believing that in the face of a financial storm, people should pay more attention to long-term wealth management.
Besides, he added that the products of the branch would be offered through agencies as well as the company's distribution networks of bancassurance and group insurance.
Cathay Life Insurance Company was established in Shanghai in 2005, with the investments from the Taiwan-based Cathay Life Insurance Co., Ltd. and China Eastern Airlines Corporation Limited, a Chinese Mainland-based airways. In February 2008, the joint venture set up its branch in Beijing. And about four months later, its branch in Shandong Province started service.
In addition, from the year ended August 2008, eight life insurance companies established their branches in Guangdong.
From www.hexun.com, Page 1, Wednesday, November 12, 2008 info@SinoCast.Com
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