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Topic: Ping An Insurance

	DLA Piper Rudnick Gray Cary \| News \| DLA Hong Kong advise Ping An Insurance in acquisition of a Chinese foreign joint ...
		DLA's corporate group in Hong Kong recently advised Ping An Insurance (Group) Company of China, Ltd. ('Ping An Insurance') on its acquisition of Fujian Asia Bank Ltd. Fujian Asia Bank is a Chinese foreign joint venture bank, which was established by the Bank of China and BCA Finance Limited in 1993.
		DLA Hong Kong advised Ping An Insurance throughout the entire process of the transaction, which involved entering into an agreement with Bank of China for the acquisition of 50% interest in the registered capital of Fujian Asia Bank Ltd. Fujian Asia Bank Ltd will be renamed Ping An Bank.
		Ping An Insurance is expected to increase its holding of interest in the registered capital of Ping An Bank from 50% to 73% by injecting a further £13m into the new company.
	www.dlapiper.com /global/media/detail.aspx?news=1050 (250 words)

	CMPnetAsia (Site not responding. Last check: 2007-11-03)
		In accordance with this regulation, Ping An’s branch offices (in excess of 3,000 throughout China), were required to be securely connected to the company’s main data centers located in Shenzhen and Shanghai.
		Given Ping An rapid growth, it also needed a highly reliable and scalable WAN infrastructure that could connect their new and small branch offices to the data centers quickly and in a secure manner.
		Ping An turned to the Nokia IP series of security appliances to provide a highly secure WAN infrastructure for the whole organization that ran most of its services based on the Internet.
	www.cmpnetasia.com /tech_guide/security/viewCS.cfm?cid=29 (418 words)

	iAnywhere.com - Success Brief
		Ping An Insurance has a very large staff of agents working remotely, who often had a difficult time accessing the company's channels for distributing information.
		Ping An agents can now connect to the company's backend support system through a laptop PC, and exchange data instantly, obtaining critical business information such as insurance data, company policy inquiries, marketing event launches, and instant customer messaging.
		Ping An has been able to reduce costs as some of the work previously handled by the insurance company's logistic team can now be accomplished by the Golden Collar system.
	www.ianywhere.com /success_stories/pingan_insurance.html (573 words)

	[No title] (Site not responding. Last check: 2007-11-03)
		Ping An executives have been in talks with Beijing-based Everbright, although these are at a very early stage and it is not certain they will produce agreement, sources told Reuters on Wednesday.
		Chinese regulators said last week that domestic insurance companies were now allowed to invest in the country's banking sector, and Ping An has already been approved to bid for a stake in small-sized Shenzhen Commercial Bank.
		Ping An's interest in Everbright comes as the insurer stumbles in its effort to win a stake in struggling Guangdong Development Bank, for which Citigroup Inc. (C.N: Quote, Profile, Research) and French lender Societe Generale (SOGN.PA: Quote, Profile, Research) are also competing.
	today.reuters.com /business/newsArticle.aspx?type=bankingFinancial&storyID=nHKG315985 (413 words)

	Microsoft Case Studies: Ping An Insurance
		Ping An Insurance is a relatively new domestic insurer formed in 1988 as = one of China's first private insurance companies.
		Wu Xiao-song, manager of Ping An Insurance's Beijing= IT department, is convinced that the company has made the correct choice in platform.
		Ping An Insurance will consider plans to equip their agents' Pocket PCs with wireless modems, allo= wing them to sync remotely with the company's servers wherever they are.
	download.microsoft.com /documents/customerevidence/9586_Insurance_Giant_Adopts_Pocket_PC_Pl.doc (1064 words)

	Bloomberg.com: Asia
		Ping An and rival China Life Insurance Co. are gaining from increased demand in the world's fastest-growing major economy as the government cuts welfare benefits and more of the nation's 1.3 billion people buy policies.
		Ping An and other insurers are now marketing protection-type products, which pay out in the event of death, sickness, injury and other critical events.
		Full-year 2004 profit at Ping An, which is 10 percent owned by HSBC Holdings Plc, rose 34 percent to 3.12 billion yuan, the insurer said in a statement to the Hong Kong stock exchange late yesterday.
	www.bloomberg.com /apps/news?pid=10000080&sid=a4U_b3IiEnH0&refer=asia (675 words)

	Bloomberg.com: News & Commentary
		Ping An is owned by nine private investors who hold a 5 percent stake or more, and other shareholders.
		Ping An's 187,000 agents nationwide were paid $688 million in commissions last year, or 9 percent of total revenue, according to the company's prospectus.
		Ping An has settled 21 of the cases, obtained favorable verdicts in seven and has five cases pending trial, the company prospectus said.
	quote.bloomberg.com /apps/news?pid=nifea&&sid=a6rfiK6_Abn8 (1485 words)

	Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.
		After an exchange of business cards, he turned out to be - you guessed it - an insurance man. Scenes such as this, long common in other parts of the world, have now come to China - in a big way.
		Insurance company investment portfolios are restricted to mainland China only, which has posed a huge problem.
		An important concern for Chinese insurers going forward is the possibility of losing their top management talent to deep-pocketed foreign insurers, who will be looking to hit the ground running as they enter China after 2006, when WTO commitments will require further liberalization in the industry.
	www.atimes.com /atimes/China_Business/GK08Cb02.html (2145 words)

	AAR: Publication: Focus: Insurance & Reinsurance Asia
		Insurance generally is not a concept largely understood or adopted by the Chinese people, which explains the low insurance depth.
		Although its strength as an industry association is still uncertain, its intended purpose is to coordinate and discipline the insurance sector.
		New amendments to the Insurance Law that allow insurers more freedom to enter and conduct business in the market, and which allow property insurance companies to offer short-term health and casualty insurance products, are an indication the sector is moving towards international norms.
	www.aar.com.au /pubs/insur/foinsaug03.htm (2050 words)

	ping - Wiktionary
		I sent a ping to the insurance company to see if they received our claim.
		To send an email or other message to someone in hopes of eliciting a response.
		I'll ping the insurance company again to see if they've received our claim.
	en.wiktionary.org /wiki/ping (227 words)

	China Ping An - Sybase Inc
		Ping An also faced challenges obtaining potential customer information from insurance agents and needed to strengthen its policy and claim processes while providing effective cost control.
		Ping An has been able to reduce costs because some of the work previously handled by the insurance company’s logistical team can now be accomplished by the Golden Collar system.
		In the past, Ping An’s agents needed to carry a large number of documents.
	www.sybase.com /detail?id=1035823 (499 words)

	China Marches Forward by Insurance Networking News
		As a result, the private insurance market-life insurance in particular-has rapidly expanded over the past few years in China, primarily in the large economic regions, such as Beijing, Shanghai, and Shenzhen.
		The non-life insurance market, which is currently underserved, is poised to grow at roughly 25% for the next few years, according to Celent Communications Inc., a Boston-based financial services research and advisory firm.
		Ping An Insurance, for example, has contracted with PacificNet Inc., a Minneapolis and Hong Kong-based call center and telecommunications firm, for customer relationship management (CRM) consulting and call center training services for Ping An's main customer service center in Suzhou.
	www.insurancenetworking.com /protected/article.cfm?articleId=3654&pb=ros (1484 words)

	The Bank of New York: - The Bank of New York Appointed Depositary for Ping An Insurance ADR Program
		Ping An Insurance provides a variety of financial services in China including property, casualty and life insurance as well as banking, trust and securities services.
		Louis Cheung, Group Chief Operating Officer at Ping An Insurance, said, "We are pleased to be working with The Bank of New York and look forward to benefiting from the outreach and expertise they will provide for us to access the U.S. marketplace and successfully promote the ADR program."
		Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide.
	www.bankofny.com /htmlpages/npr_2005_1689.htm (486 words)

	China Insurance Intelligence (Site not responding. Last check: 2007-11-03)
		Insurance funds are now permitted to be invested in securities investment funds, which further invest them in shares, bonds and other securities.
		Insurance fraud in South Korea almost doubled in the January-June period from a year ago as a result of a long-running economic downturn, the nation's financial watchdog said Tuesday.
		In the insurance business, big risks are always divided both horizontally (by more than one player) and vertically (by reinsurers) so that in case of claims, the hit is also shared by multiple risk carriers.
	www.chinese-actuary.org /news/2004/China_Ins_Intelli/China_Ins_Intelli.htm (3055 words)

	China Business Strategy : News: Ping An Insurance Delays US Offering; Hong Kong Offering Goes Ahead
		Ping An Insurance, China's largest private life insurance company, has decided to indefinitely delay its US offering because of the current SARS crisis.
		Ping An had hoped to raise US$1.5 billion, then lowered its goal to $1 billion.
		Ping An Insurance, which has its headquarters in Shanghai, was founded in 1988, and employs 150,000 people.
	www.china-ready.com /news/PingAnInsurance051203.html (363 words)

	At a Premium
		Nonetheless, foreign insurance companies are hopeful that their long-term commitment to Chi na will pay off in the form of access to a rapidly expanding market.
		And Ping An, by the end of 1997, had grabbed 15.8 percent of the Chinese domestic market, with 8 percent of the property insurance market and 22 percent of the life insurance market.
		All insurance companies are also required to have 30 percent of their insurance policies reinsured by a Chinese domestic company (for China's domestic companies this requirement is 20 percent).
	www.chinabusinessreview.com /public/9903/thomas.html (3969 words)

	News & Views - Insurance Premium Over 140 Billion Yuan Last Year (1/18/2002) (Site not responding. Last check: 2007-11-03)
		Large revenue Last year China's life insurance grew fast to a total of over 140 billion yuan, 4.27 billion yuan more over the previous year, up 42.76%, or 67.51% of the sector's premium.
		As was made known by credit evaluation agencies, Tai Kang Life Insurance was granted the first rank of AAA credit grade, and Ping An Insurance, AAA credit grade.
		Challenges Insurance Sector Facing The insurance industry in China will change more slowly than people imagined, but the potential is enormous for anyone in the market for a long term such as five to ten years, according to Hong Kong-based insurance brokerage firm Kwiksure.com director Neil Raymond.
	www.chinahouston.org /news/2002118085027.html (461 words)

	China Business Strategy: Ping An Insurance Raises US1.8 Billion in Hong Kong Offering
		Ping An had hoped to raise as much as $2.1 billion to boost its capital and expand in China.
		Shenzhen-based Ping An Insurance has been one of the fastest growing insurance companies in China, and rumors about its overseas IPO had been circulating for more than a year.
		The insurer is raising funds to expand in an industry that grew by 27 percent in terms of premiums to 388 billion yuan (US$47 billion) last year.
	www.china-ready.com /news/June2004/PingAnInsuranceRaisesUS1.8BillioninHongKongOffering061804.htm (379 words)

	China's Ping An Plans $2 Billion IPO (Site not responding. Last check: 2007-11-03)
		The Ping An Insurance, one of China's largest insurers, announced plans to raise approximately U.S. $2 billion in an initial public offering on the Hong Kong stock exchange.
		Ping An, a financial holding company which includes insurance, banking, securities and trust units, is based in Shenzhen, a center for South China's economic growth.
		Ping An will become the third big Chinese insurer to launch an IPO in Hong Kong.
	www.insurancejournal.com /news/international/2004/01/06/35432.htm?print=1 (242 words)

	Li Insurance Personal Finance Home (Site not responding. Last check: 2007-11-03)
		The Beijing-Shanghai Railway is the first infrastructure project to benefit from the insurance regulator...
		She said that after he graduated from the University of New Haven, he took a job as an investigator with a Rockville Centre, LI, insurance firm.
		Ping An Insurance rose 1.5 percent to HK$23.60 and China Insurance gained 1 percent...
	www.iaswww.com /ODP/Home/Personal_Finance/Insurance/Li (315 words)

	DLA Piper Rudnick Gray Cary \| News \| Ping An Insurance advised by DLA
		DLA has advised China-based Ping An Insurance on the $600m (£387m) sale of 10% of its issued share capital to HSBC Insurance.
		Ping An, an existing DLA client, is a major player in the Chinese insurance market with the second largest life insurance operation in mainland China.
		"The insurance market in China is developing rapidly and this deal is probably one of the most significant strategic investments by an international bank in a major PRC company in recent years".
	www.dlapiper.com /global/media/detail.aspx?news=1072 (207 words)

	Asia Times Online - The trusted news source for information on Japan
		The subsidiary of Ping An Insurance (Group) Co of China is China's second-largest life insurer, with premium revenue reaching about 700 billion yen (US$6.6 billion) annually and a roughly 20% share of that nation's life insurance market.
		In the first round, Ping An Life plans to offer such products as casualty insurance that pays compensation for injuries to non-driver passengers, who are not covered by mandatory car insurance.
		Major Japanese non-life insurance firms have been rushing to build branches and offices in major Chinese cities and are bolstering efforts to sell casualty insurance to local businesses and individuals in China.
	www.atimes.com /atimes/Japan/FK10Dh01.html (345 words)

	Investor's Business Daily: Breaking News
		Shenzhen-based Ping An (23182318) raised HK$14.3 billion ($1.84 billion) in its initial public share sale, compared to its China Life's (26282628)(LFC) $3 billion IPO last year.
		Ping An shares ended at HK$10.40, just 0.7% higher than its IPO price of HK$10.33, which was slightly below the middle of its offered range of HK$9.59-$11.88.
		Ping An sold its IPO shares at 24.6 times forecast 2004 earnings on a fully-diluted basis, more expensive than China Life which trades at about 18.4 times expected 2004 profits, according to Reuters.
	www.investors.com /breakingnews.asp?journalid=21799546 (572 words)

	Ping An Insurance initiated with "peer perform" \| newratings.com (Site not responding. Last check: 2007-11-03)
		In a research note published this morning, the analyst mentions that the sales of the company’s universal life product are expected to be healthy through 2005 and 2006.
		The analyst expects Ping An Insurance’s new life sales to have begun to recover in 2H04.
		Pricing deregulation, increased taxes and the current valuation of Ping An Insurance’s stock warrant the “peer perform” rating, according to the analyst.
	www.newratings.com /analyst_news/article_710316.html (270 words)

	Media Center - Press-18-10-2002 (Site not responding. Last check: 2007-11-03)
		Ping An is one of China’s largest life insurance companies.
		In response to Ping An’s request, we submitted two proposals to the company, covering audit and IPO registration services.
		In meeting with Ping An, its chairman, Mr Ma Ming Zhe told us that he was impressed with EandY’s industry knowledge and professionalism and looks forward to having EandY as Ping An’s long term strategic partner.
	www.ey.com /GLOBAL/content.nsf/China_E/Media_Center_-_Press-18-10-2002 (270 words)

	insurancea.com - Travel Insurance
		Ping Hua Insurance Service, Inc., the best insurance service center for 25 years.
		Travel insurance protects a traveler's vacation cost against cancellation and interruption while also providing medical, lost or damaged property and travel delay coverage.
		Travelers are reimbursed if they have to cancel or interrupt their travel, they are also covered should the need arise for emergency medical treatment, medical evacuation and a number of other situations.
	www.insurancea.com /index.php?option=com_content&task=view&id=59&Itemid=88&PHPSESSID=331ebb83d63fa78eab95d4138619bc14 (666 words)

	Beijing News.Net
		As the capital of the People's Republic of China, Beijing is the nation's center of government, economy, culture, and international activities, as well as serving as a transportation hub to the entire country.
		An outer suburban area consists of: Fangshan, Mengtougou, Changping, Tongxian, Shunyi, Daxing, Huairou, Miyun, Pinggu, and Yianqing.
		Beijing News.Net is part of an international network of news sites, dedicated to the major regions, countries and cities of the world.
	feeds.beijingnews.net /?rid=b9ff0321953cc965&cat=55582c89cb296d4c&f=1 (1539 words)

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