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Blue Chip Growth

Stock Report: "CNinsure, Inc. Sponsored ADR" (CISG) Report Updated: Jul 25, 2016 | Print This Page

"CNinsure, Inc. Sponsored ADR"© quotemedia

Company Profile

CNinsure Inc. distributes insurance products in the People’s Republic of China. It operates through three segments: Insurance Agency, Insurance Brokerage, and Claims Adjusting. The Insurance Agency segment comprise property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, and homeowner insurance products; and life insurance products that consists of individual whole life, individual term life, individual endowment life, individual education annuity, universal, participating, individual health, and group life insurance products. The Insurance Brokerage segment markets and sells property and casualty, group life, liability, and credit insurance products, as well as offers risk management services and reinsurance brokerage services. Its products include cargo, hull, liability, construction and erection, credit, extended warranty, and bank account crime insurance. The Claims Adjusting segment offers pre-underwriting survey, claims adjusting, disposal of residual value, loading and unloading supervision, and consulting services. The company also operates an online insurance marketplace baoxian.com, which allows customers to search, and purchase a range of insurance products. In addition, it offers consumer financial services; and vehicle-related value-added services, such as 24-hour emergency services and assistance with claim settlement to the individual and institutional customers. As of March 31, 2015, the company’s distribution, service network, and marketing consisted of 37 insurance agencies, 2 insurance brokerages, 4 insurance claims adjusting firms, and 1 online insurance service company with 574 sales and service outlets, 66,707 registered sales agents, 152 in-house sales representatives, 1,434 in-house claims adjustors, and 26 in-house insurance brokers. CNinsure Inc. was founded in 1998 and is headquartered in Guangzhou, China.