This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cigna & CMC Reaches A Milestone Of One Million Policies Sold In China

Cigna & CMC Life Insurance Co., Ltd. (“Cigna & CMC”), a joint venture company between Cigna and a China Merchants Group affiliate, announced today that the company has sold its one millionth policy in force in China. Cigna & CMC has been growing rapidly in the Chinese health and life insurance market since it was established nearly 10 years ago.

Mr. Ma Weihua, chairman of Cigna & CMC said: “This is a key historical milestone in Cigna & CMC’s successful growth story. The achievement reflects the collective focus and commitment of the joint venture team. It also illustrates the power of Cigna & CMC’s shared values and vision enabling the company to leverage resources to drive these results. This milestone will inspire Cigna & CMC to achieve even greater success in the next decade and beyond.”

As one of the most successful life insurance joint ventures in China, Cigna & CMC leverages Cigna’s more than 220 years’ experience, distribution expertise, and deep knowledge of insurance services. That foundation, coupled with CMC’s vast retail experience, powerful brand, and strong customer understanding, provides the power behind the JV company’s ability to succeed through its use of analytics and insights on consumer needs in China.

Cigna & CMC has developed a unique business model by embracing a shared vision and set of values for the company and leveraging resources and scale to solidify the reputation of an innovative and trusted brand in the industry. In just under a decade, the company has grown into an impressive insurance operation with licenses to operate in nine provinces across China, approximately 4,000 staff and 1 million in-force policies. In fact, the JV company also won the honor of being named China’s Best Foreign Life Insurance Company and ranks #1 in terms of comprehensive competitive capabilities among life insurance joint ventures in China.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs