Aon-COFCO today announced that for the second year in a row, it has received the top five-star rating in the China Insurance Regulatory Commission’s (CIRC) review of the quality of licensed insurance brokers operating in Shanghai, according to a recently published report by the Commission.
The CIRC assessed 70 licensed brokers on management, integrity, service delivery, quality of work, premium processing and value-added services, including claims. Of the 70 brokers, only 15 were awarded 5 stars and Aon-COFCO achieved such recognition for their efforts in China year by year.
Mr. YC Wei, chief executive officer of Aon-COFCO, remarked, “This is a great honor for Aon-COFCO and our colleagues who provide distinctive value to our clients every day. Regardless of the changing economic environment, China continues to develop strongly and Aon-COFCO is committed to helping our global and local clients with any opportunities that come with change. The 5-star recognition is proof that we are succeeding in this endeavor.”
In view of the changing business and economic environment, Aon-COFCO takes the initiative in China to provide clients with risk management solutions. Together with our specialists from the U.S. and our very strong partner in China – COFCO, the leading local indigenous food corporation, Aon-COFCO recently organized a very successful workshop with many local and international food related organization on discussing food safety issues and how risk management solution could help. Aon-COFCO also is actively working with many clients on issues like credit risk, export risks, and even more immediate risks such as H1N1 and pandemic preparedness solutions.
Not only is Aon-COFCO keeping information timely, but attention is still given to the mainstays of insurance. Aon-COFCO just helped a French client to settle a US$120 million earthquake claim after last year’s devastating earthquake in the Sichuan Province of China. The professionalism and service attitude of Aon-COFCO were highly appreciated by the clients.
About Aon-COFCO
Aon-COFCO Insurance is a joint venture between COFCO and Aon Group. Established in November 2003, it was the first joint Chinese-foreign insurance brokerage company approved by China Insurance Regulatory Commission (CIRC) to work on insurance brokerage, reinsurance brokerage and risk management consultancy. Aon Corporation is responsible for bringing technology, management skills and insurance expertise, while COFCO’s wide presence in China provides the joint venture with solid on-the-ground support necessary for the provision of a superb client service. For more information on Aon-COFCO, log onto http://www.aon.com/china
