CNinsure Awarded Insurance Intermediary of the Year 2010 and Most Innovative Insurance Product
January 24 2011 - 6:13AM
CNinsure Inc. (Nasdaq:CISG) (the "Company" or "CNinsure"), a
leading independent insurance intermediary company operating in
China, today announced that it was named the Insurance Intermediary
of the Year 2010 at the 5th annual ceremony of China Insurance
Innovation Awards on January 22, 2011. A customized property and
casualty insurance product co-designed by CNinsure and Chartis
Insurance Company China Ltd. that targets small and medium
enterprises was also awarded the Most Innovative Insurance Product
at the ceremony.
The China Insurance Innovation Awards Ceremony has been held
annually since 2006. It is the most influential and prominent event
in China's insurance industry. The judging panel for this year's
awards is made up of a number of authoritative institutions and
respected individuals, including the China Insurance Regulatory
Commission (the "CIRC"), the Insurance Institute of China, various
provincial bureaus of the CIRC, senior management of leading
insurance companies, renowned insurance experts and representatives
from mainstream financial media.
Commenting on the awards, Mr. Yinan Hu, CNinsure's Chairman and
Chief Executive Officer, stated: "It is a great honor for us to
receive such awards at the China Insurance Innovation Awards
Ceremony. Over the past decade, while running our business, we have
been proactively seeking the common ground between corporate social
responsibility and the growth of the Company so as to promote
industry development through our commitment to value creation for
our customers and business partners as well as by bringing system
and product innovations to the industry. We are glad that these
efforts have won us loyalty, trust and reputation from our business
partners, sales agents and customers as we walk down the path
towards our strategic goal."
About CNinsure Inc.
CNinsure is a leading independent intermediary company operating
in China. CNinsure's distribution network reaches many of China's
most economically developed regions and affluent cities. The
Company distributes a wide variety of property and casualty and
life insurance products underwritten by domestic and foreign
insurance companies operating in China, and provides insurance
claims adjusting as well as other insurance-related services.
Forward-looking Statements
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. Among other things,
the management's quotations and the Business Outlook section
contain forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about CNinsure and the industry. Potential risks and
uncertainties include, but are not limited to, those relating to
CNinsure's limited operating history, especially its limited
experience in selling life insurance products, its ability to
attract and retain productive agents, especially entrepreneurial
agents, its ability to maintain existing and develop new business
relationships with insurance companies, its ability to execute its
growth strategy, its ability to adapt to the evolving regulatory
environment in the Chinese insurance industry, its ability to
compete effectively against its competitors, quarterly variations
in its operating results caused by factors beyond its control and
macroeconomic conditions in China and their potential impact on the
sales of insurance products. All information provided in this press
release is as of January 24, 2011, and CNinsure undertakes no
obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although CNinsure
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that its
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by CNinsure is included in CNinsure's filings
with the U.S. Securities and Exchange Commission, including its
annual report on Form 20-F.
CONTACT: Oasis Qiu
Investor Relations Manager
Tel: +86 (20) 6122-2777 x 850
Email: qiusr@cninsure.net
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