Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

CNinsure’s Net Revenues Soar

CNinsure, an independent intermediary company operating in China, has posted a solid growth in revenues for the first quarter of 2009. Total net revenues were up by 58% to RMB215.9 million from RMB136.6 million in Q1,08. Net income in the quarter grew by 30% to RMB45.5 million. The growth in revenues is primarily driven by increased sales force and contributions from recently acquired or established entities.

A major chunk of the total net revenues is derived from Property and Casualty (P&C) segment. About 74.2% of the revenues are from P&C segment while life insurance segment accounted for 15.8% of the revenues. 10% of the revenues are generated from claims adjusting service segment.

CNinsure is a distributor of P&C and life insurance products underwritten by domestic and foreign insurance firms operating in China. The company also provides insurance claims adjusting and other insurance related services.