This is the first national Chinese-funded life insurance company that has passed the acceptance of the China Insurance Regulatory Commission and officially opened since China Insurance Regulatory Commission approved 18 Chinese-funded insurance companies for the first time in eight years. The first headquarters is located in Wuhan, the hinterland of Central China, and the first head office is opened at the same time.
On June 26th, 2005, Hezhong Life Insurance Co., Ltd. officially obtained the insurance business license issued by China Insurance Regulatory Commission, and will be grandly opened in Wuhan on February 3rd, 2005. Leaders of Hubei Provincial Party Committee attended the meeting and delivered speeches. The opening of He Zhong Life is symbolic. This is the first national Chinese-funded life insurance company that has passed the acceptance of the China Insurance Regulatory Commission and officially opened since China Insurance Regulatory Commission approved 18 Chinese-funded insurance companies for the first time in eight years. The first headquarters is located in Wuhan, the hinterland of Central China, and the first head office is opened at the same time.
Union Life Insurance was approved to be established on June 29th, 2004, with its headquarters in Wuhan. Shareholders are mainly from well-known real estate developers and investment companies in Beijing. Shareholders have a good business background and asset strength in the industry. At the initial stage of the company's preparation, the shareholder unit will put the capital in place in time according to the requirements of the CIRC. In accordance with the provisions of the Insurance Law and the Company Law and the requirements of the China Insurance Regulatory Commission, and in line with the principle of "high starting point, high standard and high efficiency", the preparatory work is organized, planned, targeted and orderly. During the preparatory period, the preparatory team completed all the business preparations required for the opening of the business, such as forming a team, making strategic plans, establishing business strategies, designing and developing products, building information systems, building management systems, and establishing internal control systems. Despite the difficulties, due to the sincere unity of shareholders and management team, we finally unified our thinking, condensed people's hearts, successfully passed the acceptance of the China Insurance Regulatory Commission, and handed in a satisfactory answer for the insurance industry after China's entry into WTO. After opening, with the steady development of the company's business, the company will further increase its capital and share.
At the same time of the establishment of United Life Insurance Company, it is expected to open five branches in Beijing, Shanghai, Hubei, Jiangsu and Henan in 2005. These five branches will be used as two different types of key areas and major areas to carry out pilot branch construction. As the first life insurance company headquartered in Central China, He Zhong Life hopes to base itself on Wuhan and radiate to Central China, and strive to basically complete the strategic layout of institutions nationwide within 3-5 years, and eventually grow into a national and all-round life insurance company.
The management team of He Zhong Life has gathered a large number of outstanding talents in the fields of industry and life insurance. Mr. Dai Hao, the current chairman, started from the establishment of urban credit cooperatives and developed into a group company in real estate, medicine and other industries. He is the man of the hour in this industry. Mei Xin, the executive vice president in charge of the daily business operation of the company, comes from a well-known insurance company. She worked in Shanghai for six years and kept the company's market share in Shanghai above 40%. Other members of the company's management team and management team are celebrities in their respective fields.
Union Life regards "harmony" as the core value of the company's brand, which is quite meaningful. "Harmony" represents harmony, peace, harmony, combination, integration and cooperation, that is, meeting the interests and needs of all parties and achieving the satisfaction of shareholders, customers, employees and all sectors of society. Through such a simple and harmonious culture, the company expects to form a brand-new cooperative relationship between insurance companies, in which shareholders and management support each other, management and employees depend on each other, and the company and business series cooperate with each other.
At the beginning of its opening, Union Life set itself a goal: taking a good step on the basis of standardization, accelerating development on the basis of taking a good step, preventing risks and improving operating efficiency on the basis of accelerating development; The accumulated premium income in three years exceeds 5 billion yuan; Establish a set of standard, standardized and perfect company operation mechanism, management mode and workflow, cultivate a professional, capable and loyal backbone staff, and consolidate the management foundation of the company's long-term development; Become a professional, growing, efficient and humane new life insurance company in the domestic life insurance market, and become a leading enterprise among the life insurance companies established in the same period in terms of team, business and management.