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Ping'an Insurance joins Swiss Life Network
(Xinhua)
Updated: 2005-12-14 16:34
Ping'an Insurance Group, one of China's leading life insurance providers, has
joined Swiss Life Network, the world's second largest employee benefits network,
as provider for the Chinese mainland market, company sources said today.
The new partnership was commemorated Tuesday in Shanghai.
According to their agreement, Ping'an Group will join hands with other
members of Swiss Life Network to provide employee benefit solutions to
transnational firms in line with internationally accepted practise.
"Subsidiaries of Swiss Life Network's client corporations in China will be
able to enjoy employee benefit packages provided by Ping'an, including life,
accident, medical as well as endowment insurance schemes," said Wang Liping,
vice managing-director of Ping'an Group.
The cooperation is expected to expand the popularity and client group of
Ping'an in the international market, and will enlarge its service sectors, too,
said Wang.
Bruno Pfister, chief financial officer of Swiss Life Network, said his
organization hopes to set up a "strategic alliance" with Ping'an combining the
network's over 40 years of experience.
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