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Agency Insurance Business

Consistently placing great emphasis on the agency insurance business, ABC took the lead among Chinese banks to establish insurance agency departments in charge of bank-insurance business. Under the principles of "integrated resources, complementary strengths and mutual benefits", ABC maintains good relations with partner insurance companies with notable results.
By September 2009, ABC had established partnerships with 57 insurance companies and established on-going business relationships with insurance brokers and insurance agencies as well.
The range of cooperation has expanded from sales agency to product R&D, funds settlement, cash management, e-banking, bank cards, funds custody and reinsurance.
As a result of its efforts in recent years, ABC sharpened its core competencies of agency insurance business in terms of guidelines, product innovation, and team building and now ranks among the top tier as measured by overall profit within the banking industry of China. By September 2009, ABC had achieved an accumulative agency insurance premium of RMB291.7 billion.

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