CPPIC Sets Insurance Building in SIP
On December 19 the ground-breaking ceremony of Insurance Building of China Pacific Property Insurance Co., Ltd,(CPIC) Suzhou Branch was held in Suzhou Industrial Park(SIP). In the ceremony CPIC donated Personal Accident Insurance of 18 million yuan for emergency volunteers of Suzhou Red Cross.
During the 11th Five-Year CPIC Suzhou Branch acquired rapid development and had an average business growth of 35% annually. The total amount of insurance had exceeded 1 trillion yuan and premium income had exceeded 2 billion yuan, and the effectiveness of operation had improved significantly. Meanwhile, the field of insurance had been expanded continuously with insurance products of more than 200 kinds, among which more than 30 were independent innovative products. Pioneer products, such as Agricultural Insurance, Environmental Pollution Accident Liability Insurance, SME Loan Guarantee Insurance, Pension Institutions and Home Care Liability Insurance, etc. had opened up new markets in Suzhou and made positive contribution to the economic and social development of Suzhou.
To further develop and uplift the development platform and its overall image, CPIC has decided to erect the Insurance Building of China Pacific Property Insurance Co., Ltd., the new headquarters building in SIP. The building has a total construction area of 39,000 square meters, in which the 15 stories above ground have an area of 30,000 square meters while the two-storey basement has an area of 9,000 square meters.
Originally Published on Suzhou Daily
December 20, 2010