国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

Profit within reach for Sun Life Everbright

Updated: 2013-11-12 11:12
By Hu Yuanyuan ( China Daily)

Sun Life Everbright Life Insurance Co, which began life as the country's first joint-venture insurer, aims to be profitable next year after about a decade of operations, top executives said.

"We are going to reach the break-even point next year," said Dean Connor, president and chief executive officer of Canada's Sun Life Financial Inc, a partner in the venture.

"Our target in China is to keep the business growing and grow it profitably."

Sun Life Everbright Life's first-half premium income totaled 5.69 billion yuan ($932 million). The full-year figure is expected to rise 20 percent to 10 billion yuan, said Connor.

According to the China Insurance Regulatory Commission, life insurers' first-half premiums were up 9 percent, while those of non-life insurers went up 16.6 percent.

Sun Life Everbright Life was established in 2002 as a 50-50 joint venture between Canada's Sun Life and China Everbright (Group) Co Ltd.

In 2010, Sun Life cut its stake in the JV to 24.99 percent, turning it into a local insurer - the first such instance in the country.

Meanwhile, the insurer brought in China North Industries Group Corp and Anshan Iron and Steel Group Corp as new stakeholders of the company.

"The stake reshuffle makes us more 'nimble' in the market," said Connor, referring to easier procedures as a local insurer for establishing an asset management company and more rapid branch expansion.

The company now has 127 branches across 19 provinces.

According to the CIRC, foreign life insurers' premium income was 30.5 billion yuan in the first half, accounting for 4.9 percent of the market.

"Getting a smaller piece of a bigger pie is better than the other way around," said Kevin Strain, president of Sun Life Financial Asia. "Moreover, our partnership with Everbright was even closer after the reshuffle."

According to Strain, being a local insurer also helps attract talented staff, who are more willing to join a fast-growing company.

Sun Life plans to focus on its cooperation with Everbright Group - Sun Life Everbright Life Insurance Co and Sun Life Everbright Asset Management Co.

Although the China (Shanghai) Pilot Free Trade Zone allows foreign insurers to set up a wholly owned health insurance company, Sun Life has no such plans in the short term.

"Our next focus is the pension business," said Connor.

Connor said that a growing middle class needs reliable lifetime financial protection, to prepare for a comfortable and secure retirement, cover medical expenses, protect loved ones and finance the education of children.

 
 
...
潮安县| 新晃| 泗洪县| 溧阳市| 溧水县| 嵊泗县| 滦平县| 吴旗县| 南江县| 桑植县| 长兴县| 屏东县| 田阳县| 桐庐县| 富川| 临湘市| 壶关县| 长武县| 郑州市| 西城区| 监利县| 社会| 阳山县| 河西区| 鹿邑县| 横山县| 寿宁县| 鲁甸县| 天津市| 崇左市| 鄯善县| 五台县| 昌乐县| 理塘县| 天峻县| 张北县| 郯城县| 河源市| 宝鸡市| 青河县| 阜新|