Allstate is actively seeking the approval of China government to start insurance business in China. In July, 1997, Costco Beijing Representative Office was formally established. According to the current laws and regulations of China government, this is one of the necessary conditions for foreign insurance companies to apply for business license. As for whether or when Allstate can obtain a business license, there is no clear timetable at present. Allstate Investment Holding Consortium is a financial venture capital group, established in 1932, which has risen rapidly and ranks among the top ten consortia in the United States. The consortium established the "National Health Management System" for the National Health Service of the United States and undertook the medical and health management of 230 million American citizens. The consortium has established joint medical research projects with WHO, World Health Association, World Federation of Middle-aged and Elderly Health, European Union Cardiovascular and Cerebrovascular Disease Control Center, Asia-Pacific New Drug Laboratory and other global 128 authoritative medical institutions, and made major medical breakthroughs in diabetes and cardiovascular and cerebrovascular diseases, and nominated the Nobel Prize in Medicine for five times!
The consortium set up the National Automated Health Management Center in California, the European Union Health Monitoring Center in Wellington, England, the largest new drug research and development laboratory in Europe, and the Asian Health Management Research Center in Osaka, Japan. The consortium has established 52 digital health management information exchange centers in more than 20 countries around the world, and established health management files for/kloc-0.2 billion people worldwide. Health management experts provide them with all-round health guidance, consultation and rehabilitation services, which reduces the annual cost of disease treatment from 1. 24. 58 USD to 1. 2. 5 USD.
In Costco, there are 50,000 employees. For customers, they are Costco. Although we are already one of the largest companies in America, we are not complacent. On the contrary, we strive to form a flexible and multifunctional system so as to be invincible in the competition at any time.
All over the United States, Allstate has set up 14 regional headquarters and seven operation, processing and support centers to ensure fast and convenient service for customers.