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|Tuesday, April 24, 2001, updated at 15:01(GMT+8)|
Gerling Expected to Enter China's Insurance Market This YearJščrgen, chairman and CEO of German Gerling Insurance Group said April 20 that he hoped the group could be granted the license entering the Chinese insurance market in a period of six to twelve months.
According to China Economic Times, Jščrgen said:"we hope we can get the license within a timeframe of six to twelve months. The Chinese government has promised time and again that once China is granted the WTO membership, we can acquire the license smoothly. Our estimation is that China is likely to become the WTO member within six months, so we expect to get the license within the aforesaid period."
Established in 1904, Gerling is one of the two top large insurance groups in Germany, and the only one in the world run by family members. It provides overall and comprehensive insurance schemes and helps clients to cope with various risks. It has now become the sixth large re-insurance company and one of the third large credit insurance companies in the world, and one of the global five industrial insurance providers as well. Its premium income topped 18.3 billion Deutsche Mark in the year 2000.
By PD Online Staff Li Yan
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