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GUANGZHOU, China, May 27, 2010/PRNewswire-Asia-FirstCall/ -- CNinsure Inc. (Nasdaq: CISG), a leading independent insurance intermediary company operating in China, today announced the signing of a strategic partnership agreement with Taiping General Insurance Co., Ltd. (“Taiping General”) at group levels, marking a new stage of cooperation between the two parties.
Pursuant to the agreement, both parties will work closely and efficiently on product distribution, development of higher-margin customized products, data sharing as well as outsourcing of claims adjusting services.
Commenting on the strategic agreement with Taiping General, Mr. Yinan Hu, chairman and chief executive officer of CNinsure, stated, “We are pleased to enter into a strategic partnership with Taiping General, with which we have established a long-term business relationship for years. The signing of the strategic agreement indicates a consensus among senior executives of both companies that a comprehensive and in-depth cooperation between insurance companies and intermediaries has become an irrevocable trend in the industry, and that a deeper cooperation between CNinsure and Taiping General will create a win-win situation for both parties by strengthening our competitiveness and profitability.”
Headquartered in Shenzhen, Taiping General, a subsidiary of China Taiping Insurance Group Co. (formerly known as China Insurance (Holdings) Company, Limited), is a national property and casualty insurance company operating in China. Its business covers property insurance, accident insurance, health insurance and reinsurance, etc.
Oasis Qiu
Investor Relations Manager
Tel: +86-20-61222777-850
Email: qiusr@cninsure.net
Source: CNinsure Inc.