CNinsure Inc. (Nasdaq: CISG), founded in 1998 and headquartered in Guangzhou, is a leading independent insurance intermediary company operating in China. It distributes a wide variety of property and casualty insurance products and life insurance products underwritten by both domestic and foreign insurance companies operating in China, and offer insurance claims adjusting services, such as assessment, survey, authentication and loss estimation, as well as other insurance-related services to individuals and institutions. As an insurance intermediary, the Company is not exposed to any underwriting risks.
Over the past 11 years, CNinsure has established a robust distribution and service network across China. As of September 30, 2009, it had 55 affiliated insurance intermediary companies operating in the PRC, of which 47 are insurance agencies, four are insurance brokerages and four are insurance adjusting companies. With 36,227 sales professionals, 1,449 claims adjustors and 472 sales and service outlets, its distribution network reaches 22 provinces, including some of China's most economically developed regions and affluent cities in China, such as Beijing, Shanghai, Guangzhou and Shenzhen.
Meanwhile, the Company has build and is continuously refining its unified operating platform, which encompasses core business system, financial and accounting system, internal control system, product and service offering, training, branding and marketing, etc., to support its nationwide operations.
It is the Company’s goal to become a premier diversified financial services group in the long term. Looking forward, the company intends to leverage its established distribution network, operating platform and brand recognition to attract more product suppliers and diversify its product and service offerings. CNinsure will continue to explore new areas to achieve further development and maximize shareholder value.
The company's American Depositary Shares (ADSs) are listed on the NASDAQ Global Select Market under the ticker symbol: CISG.