Aviva-Cofco Life Insurance has won the approval for a sales office in Shenzhen, Guangdong Province.
Aviva-Cofco Life Insurance has won the approval for a sales office in Shenzhen, Guangdong Province. Aviva-Cofco's presence in the Guangdong Province also includes the Guangzhou branch and the sales offices of Zhongshan and Foshan.
Aviva-Cofco's strategy in Shenzhen will strongly feature the brokerage channel. Currently, about 110 insurance intermediaries account for 65% of the city’s premium income.
The Shenzhen market is a winning position for Aviva-Cofco as this city's insurance market is at the forefront of China. Current market share for foreign insurance companies in Shenzhen is at 11.63%, beating the national average of 7%.
With Shenzhen, Aviva-Cofco now has presence across 10 cities in China, namely four branch licences and seven sales offices.
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For more informations:
Jessica Lee
Director, Communications
Aviva Asia Pte Ltd
137 Cecil Street #08-00
Singapore 069537
Phone: (65) 6321 7728
Fax: (65) 6321 7724
E-mail: lee_jessica@ aviva-asia.com