ZHENGZHOU, China and
TAIPEI, Taiwan, July 29, 2013 /PRNewswire/ -- China United
Insurance Service, Inc. ("CUIS") (OTCBB:CUII), a leading insurance
brokerage company with operations in Taiwan and the
People's Republic of China, today announced one of its
subsidiaries has entered into a strategic partnership with AIA
International Limited Taiwan Branch ("AIATW").
AIATW is an entity of AIA Group Limited that has operations in
16 markets in the Asia-Pacific
region, with total assets of approximately U.S. $134 billion. AIA serves the holders of more than
25 million individual policies and over 13 million participating
members of group insurance organizations.
"The strategic partnership with AIATW further strengthens our
leading position in the growing insurance market in Taiwan," said Chung-Mei Lo, CEO of CUIS. "Adding AIA's
products to our platform will allow us to even better satisfy our
clients' needs for tailored products, along with recognizing
customers' increasing demands for individualized insurance
plans."
"Taiwan is one of the major
insurance markets in the Asia-Pacific region," said Tan, Kar-Hor, CEO
of AIATW. "This agreement allows us to quickly enlarge our
distribution reach, while also reinforcing our competitive position
in the market."
About China United Insurance Service, Inc.
China
United Insurance Service, Inc. ("CUIS") was founded in 2010 with a
vision to build one of the largest financial insurance service
platforms in Asia and to become a
multinational enterprise by leveraging the experience of its
Taiwan operations and capitalizing
on China's fast-growing insurance
market.
CUIS offers a broad range of products and services for
individuals, families, and businesses including: brokerage services
for various types of life, health, personal accident, property and
casualty insurance; insurance application assistance; claims
advocacy; claims accounting preparation services; disaster and loss
prevention; and risk assessment/risk management consulting services
and the corresponding reinsurance brokerage services.
In 2012, the company consolidated both Taiwan and China's operations and is now working toward
its goal of becoming a multinational enterprise. CUIS has assembled
an experienced executive team, with more than 81 well-experienced
executive managers in agency management to guide its more than
4,200 knowledgeable agents. By offering innovative products,
continuously improving the management system, and selecting the
best products to meet clients' needs, CUIS aspires to become one of
Asia's leading financial insurance
enterprises. For more information on CUIS, visit:
http://cuis.asia/.
About AIA International Limited Taiwan Branch
AIATW
markets a wide range of life insurance products and services
including retirement plans, life insurance, accident and medical
insurance to satisfy customers' needs for protection, savings,
investment, medical and accidents. AIATW demonstrates high
creativity by providing convenient insurance services to our
customers through multi-channel strategy which includes agency,
telemarketing, banc assurance and brokerage.
AIATW also provides employee benefits, credit life and pension
services to corporate clients, which range from small and medium
sized local enterprises to multinational companies. AIATW aims to
be customers' most trusted insurance partner and continues to
expand operations in Taiwan to
provide customers with quality products and services.
Forward Looking Statement
Statements in this press
release may be "forward-looking statements" within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward- looking statements are identified by terminology such as
"will," "expects," "believes," "anticipates," "intends,"
"estimates" and similar statements. These forward-looking
statements, including, but not limited to, the agreement allowing
the company to better satisfying clients' needs and enlarging
distribution reach, involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections of China United Insurance Service, Inc.
("CUIS") and the insurance industry. Potential risks and
uncertainties include, but are not limited to, those relating to
CUIS' ability to attract and retain productive agents, its ability
to maintain existing and develop new business relationships with
insurance companies, its ability to execute its growth strategy,
its ability to adapt to the evolving regulatory environment in the
Chinese insurance industry, its ability to compete effectively
against its competitors, and macroeconomic conditions in
China and Taiwan and their potential impact on the sales
of insurance products. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Therefore, actual outcomes and
results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including those described above and those risks
discussed from time to time in the company's filings with the
Securities and Exchange Commission.
SOURCE China United Insurance Service, Inc.