name: China Merchants Cigna
China Merchants Cigna Life Insurance Co., Ltd., abbreviated as China Merchants Cigna, is a Sino-US joint venture life insurance company jointly funded by two well-known companies with a century-old reputation. The shareholders of both investors are subsidiaries of Cigna Group and China Merchants Group.
Cigna Group was established in 1792 and it is one of the largest insurance companies in the United States. As early as 1897, the company’s predecessor became the first American insurance company to obtain a business license for insurance business in China issued by the Qing government. Cigna is one of the Fortune 500 companies. The company is registered in 28 countries and regions around the world and has more than 28,000 employees. The company’s core business includes medical and health, life, accident, disability insurance and related employee welfare products.
Established in 1872, China Merchants Group is one of the earliest enterprises in the process of modern Chinese national commercial modernization. It is also one of the important windows for China to introduce advanced western industrial technology and business models during the Westernization Movement. As a well-known Chinese-funded enterprise in Hong Kong, China Merchants Group has more than 250 wholly-owned, holding and important shareholding companies, including 14 listed companies.
China Merchants Cigna draws on Cigna Group’s successful global insurance business philosophy, and has been providing products and services including life insurance, accident insurance and complementary medical services to the Chinese market through non-agent direct marketing methods.
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