Taiwan's Fubon opens property insurance firm in Chongqing
Updated: 2012-03-08 10:52
CHONGQING - A new Taiwan-funded property insurance firm opened in the Chinese mainland's city of Chongqing on Wednesday.
The insurance firm was launched as a branch as well as a regional center for Xiamen-based Fubon Property Insurance Co Ltd, a subsidiary of Taipei-based Fubon Financial Holdings Co Ltd.
The new firm, the first Taiwan-funded insurance company in Chongqing, will mainly offer services in the vast western regions of the Chinese mainland, a company spokesman said.
It will first offer services to dozens of Taiwan-funded IT businesses in Chongqing, and then introduce other insurance products and services to local residents and businesses, the spokesman said.
Fubon Financial is the second-largest financial services company by market value in Taiwan, and Fubon Property Insurance Co Ltd was founded in Xiamen in 2010.