ZHENGZHOU, China and
TAIPEI, Taiwan, April 30, 2013 /PRNewswire/ -- China United
Insurance Service, Inc. ("CUIS") (OTCBB: CUII), a leading
insurance intermediary company with operations in Taiwan and the
People's Republic of China, today outlined recent
developments and highlighted strategic objectives. The company
also unveiled a new corporate and investor relations website,
which can be accessed at http://cuis.asia/, and is designed to
enhance the quality and availability of information to
investors.
"China United Insurance Service is committed to offering its
clients tailored insurance solutions supported through highly
trained dedicated agents. Our vision is clear – to become one of
the largest financial insurance service platforms in Asia, and today I am happy to report that we
are well on our way," said Chung-Mei
Lo, CEO. "In Taiwan, where
merger activity has heated up as a result of recent legislation, we
are well positioned as the consolidator of choice. At the
same time, in China, we are
rapidly expanding our presence to better serve consumer demand for
insurance. We are committed to providing our agents with the
very best training to ensure superior service."
Recent developments:
- In August 2012, CUIS acquired
Taiwan-based Law Insurance Broker
Company, a leading brokerage and insurance agency service business
with a total of 21 branches, three training centers and nearly
2,000 brokers. In 2012, effective policyholders reached
260,000 and effective insurance policies grew to more than
540,000.
- In mainland China, CUIS has
become a national insurance agency and brokerage company operating
in three provinces with more than 2,200 brokers. In
2012, effective policyholders reached 21,000 and effective
insurance policies grew to more than 41,000.
China United Insurance Service's strategic objectives
include:
- Continuing M&A activity in the Taiwan market with the goal of more than
doubling the size of operations in 2013;
- Building presence in China
through both organic growth and acquisition of other brokerage
firms;
- Leveraging strength in Taiwan
markets to improve efficiencies in China; and
- Investing in education of agents to help customers make
well-informed decisions;
"Our goal is to become the top financial insurance enterprises
in Asia," Mr. Lo added. "The
talent and expertise of our team is well poised to execute our
strategy and deliver value for CUIS' shareholders and customers
alike."
To enhance communication with the investor community, the
company has retained PondelWilkinson Inc., a leading investor
relations and strategic public relations firm in the United States.
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/.
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. You can
identify these forward- looking statements by terminology such as
"will," "expects," "believes," "anticipates," "intends,"
"estimates" and similar statements. These forward-looking
statements 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.