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Insurers expand into central and western regions

By Hao Zhou (chinadaily.com.cn)
Updated: 2007-08-14 14:47

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The China Insurance Regulatory Commission announced it has approved five domestic insurance companies to establish branches in central and western provinces of China.

The five upcoming Chinese-funded insurance offshoots include Union Life Insurance Co Ltd's branch in Jiangxi Province, Bohai Property Insurance's in the Guangxi Zhuang Autonomous Region, Dubang Property & Casualty Insurance Co Ltd's in the Xinjiang Uygur Autonomous Region, China Life Property & Casualty Insurance Co Ltd's in Henan Province, as well as Bank of China Insurance Co Ltd's in Liaoning Province.

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The full text is available in the August Issue ofChina Insurance