Aimed at export companies intend to enter the United States Chubb Insurance Jiangsu

As the last batch of access to the China Insurance Regulatory Commission "for reform of" the licence of foreign insurance companies Chubb Group of the United States, has accelerated the pace of investment in China. Yesterday, the group of contractors "to enter the U.S. market the key: the importance of product safety and product liability insurance" forum held in Wuxi, Jiangsu revealed its intention to enter the scheme.

When a reporter asked why the seminar will have on many export-oriented foreign-funded enterprises, GDP ranked the forefront of Wuxi, Jiangsu Province, the Chubb Group of Insurance Companies in Northeast Asia president Daiyong Li said that this will be held to in Wuxi, Jiangsu will also do have the next step as the company's business development concerns of the Italian provinces. According to the first quarter of this year, latest statistics show that Jiangsu province's total trade to the country's second largest, accounting for 15.9 percent of total imports and exports, reached 90.57 billion U.S. dollars.

A reporter asked whether the recent Chubb Group of the Chinese subsidiary of replenishment or additional branches of the plan, Daiyong Li has not answered positively, but made it clear that the subsidiary completed the restructuring of the background, the application will be more active To the licence in order to quickly expand business in China.

When it comes to the appreciation of the renminbi, the raw material price hikes and repeated the recall of goods made in China has resulted in China's foreign trade while the impact of the Chubb to expand business in China, Dai Yongli that China's foreign trade, although the decline, However, only the growth rate has slowed down, the added value of China's manufactured goods is on the rise, Chinese enterprises is toward the upper reaches of the industry chain development. He expressed China's economic prospects for great optimism, and the company business in China has great room for growth. He also said that with the domestic consumers increased awareness of IPR protection, product liability lawsuits rate of increase in domestic non-export-oriented enterprises will gradually realize the importance of product liability insurance, and thus the purchase of related insurance products.

Daiyong Li also disclosed to reporters the subsidiary's operations in China to the status quo, "Chubb China's current business is mainly to product liability insurance, including motor liability insurance category accounted for about 25 percent, if the directors and executives Officers liability insurance and sale of liability insurance, liability insurance of more than 50 percent. "When talking about the types of related profits, said Dai Yongli, the best insurance sales is not the highest profit margins.