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Taiwan's Fubon opens property insurance firm in Chongqing

(Xinhua)

09:29, March 08, 2012

CHONGQING, March 7 (Xinhua) -- 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.

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