China Reinsurance Group profit sill rising
China Reinsurance Group has reached 125.69 million Yuan in business revenue for the first half of 2006, which is a 12.8% increase from the same time last year. The Group’s total property reaches 297.65 million Yuan, which is a historical high and a 7.67% increase from the same time last year.
The Group’s General Manager, Liu Jing Sheng, stated on Monday that the Group aims at setting up and developing modern corporate system according to the regulation governing financial holding companies and build up a diversified and internationally competitive reinsurance financial group.
China Reinsurance Group is the only local insurance company in PRC. In 2006, under the cancellation of all official compulsory reinsurance policies, the Group heads to the direction of completed commercial operation.
Liu also said that the Group gives priority to the new operation mode of cooperating with bank insurance. Investment and human resources are also dedicated to the business development of medical insurance, high-risk insurance and commercial insurance as well as the innovation of new products.