CSIMarket
 
China United Insurance Service Inc   (CUII)
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 

China United Insurance Service Inc's Customers Performance

CUII



 
CUII's Source of Revenues In the Q1, China United Insurance Service Inc 's corporate clients experienced a reduction by -1.56 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -14.3 %. During the corresponding time, China United Insurance Service Inc recorded a revenue increase by 9.07 % year on year, sequentially revenue fell by -50.53 %. While revenue at the China United Insurance Service Inc 's corporate clients recorded rose by 6.76 % year on year, sequentially revenue fell by -25.44 %.

List of CUII Customers




Customers of China United Insurance Service Inc saw their costs of revenue decrease by -1.56 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -14.3 %, for the same period China United Insurance Service Inc recorded revenue increase by 9.07 % year on year, sequentially revenue fell by -50.53 %.

List of CUII Customers

China United Insurance Service Inc's Business Units




   
Customers Net Income grew in Q1 by Customers Net margin grew to
60.68 % 20.75 %
Customers Net Income grew in Q1 by 60.68 %


Customers Net margin grew to 20.75 %



China United Insurance Service Inc's Customers, Q1 2023 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry      5.21 %
Customers in Iron & Steel Industry -1.32 %   
Customers in Metal Mining Industry  
Customers in Miscellaneous Fabricated Products Industry      10.14 %
Customers in Aerospace & Defense Industry      0.77 %
Customers in Construction Services Industry      6.31 %
Customers in Miscellaneous Manufacturing Industry      7.81 %
Customers in Industrial Machinery and Components Industry      9.97 %
Customers in Ship & Boat Building Industry      8.85 %
Customers in Conglomerates Industry      5.83 %
Customers in Auto & Truck Parts Industry      7.97 %
Customers in Electric & Wiring Equipment Industry -21.6 %   
Customers in Food Processing Industry      1.57 %
Customers in Oil And Gas Production Industry      20.52 %
Customers in Oil & Gas Integrated Operations Industry -6.21 %   
Customers in Oil Well Services & Equipment Industry -64.73 %   
Customers in Consumer Financial Services Industry      4.6 %
Customers in Accident & Health Insurance Industry      3.5 %
Customers in Life Insurance Industry      7.08 %
Customers in Insurance Brokerage Industry      8.92 %
Customers in Property & Casualty Insurance Industry      12.96 %
Customers in Miscellaneous Financial Services Industry -22.38 %   
Customers in Money Center Banks Industry      16.48 %
Customers in Regional Banks Industry      54.64 %
Customers in S&Ls Savings Banks Industry      8.74 %
Customers in Real Estate Investment Trusts Industry      4.24 %
Customers in Commercial Banks Industry      12.55 %
Customers in Blank Checks Industry  
Customers in In Vitro & In Vivo Diagnostic Substances Industry      22.35 %
Customers in Professional Services Industry      4.74 %
Customers in Cruise and Shipping Industry  
Customers in IT Infrastructure Industry      4.06 %
Customers in Cloud Computing & Data Analytics Industry    
Customers in Transport & Logistics Industry -5.9 %   
Customers in Railroads Industry -29.64 %   
Customers in Marine Transportation Industry -28.42 %   
Customers in Natural Gas Utilities Industry -4.6 %   
Customers in Pharmacy Services & Retail Drugstore Industry -36.3 %   
     
• Customers Valuation • Customers Mgmt. Effect.


China United Insurance Service Inc's Comment on Sales, Marketing and Customers



Since Law Broker’s establishment in 1991, it has devoted substantial resources in building up its distribution and service network. Law Broker currently has 26 sales and service outlets spread across Taiwan (including the headquarters), among which, 6 are located in the northern region, 14 are located in the central region, 3 are located in the southern region and 2 are located in the eastern region.

Law Broker had approximately 451,422 customers, among which approximately 83% purchased life insurance products and approximately 17% purchased property and casualty insurance products from Law Broker.

Due to its extensive line of insurance products underwritten by the insurance companies in Taiwan, Law Broker managed to offer a variety of insurance products to customers of different ages or professions. However, as an aging population in Taiwan has gradually become a more recognized social issue, despite relatively healthy government-sponsored retirement and medical programs, more and more Taiwanese, especially those with stable financial means and aiming for high-end retirement and medical treatment, have been focusing on endowment and medical type of commercial insurance products, while the investment type of insurance products have been playing a less significant role since the economic downturn.

In addition, from time to time, Law Broker has been, either voluntarily or upon request of insurance companies, advising insurance companies or providing feedback on particular types of insurance products before they are put on the market. This interaction with insurance companies has not only enhanced the close cooperation between Law Broker and the insurance companies, but also gives it an edge in understanding the in-depth features of such insurance products for marketing and distribution purposes.

Law Broker sells automobile insurance and casualty insurance primarily to individual customers. Law Broker sells liability insurance to institutional customers.

Anhou had 31,207 customers, among which 30,997 purchased life insurance products and 210 purchased property and casualty insurance products from Anhou.

Anhou sells automobile insurance and individual accident insurance primarily to individual customers. Anhou sells commercial property insurance to institutional customers.

Anhou targeted middle class individuals and family members under 50 years age to be its priority clients, which represents 86.3% of its client base. The revenues of Anhou are primarily generated from the sale of life insurance products and we expect the continuous growth in this regard, as more and more customers in China realized the insufficiency of the mandatory social insurance coverage and the necessity to supplement it with commercial insurance. With the implementation of the national one-child policy through the past decades in China, approximately 35% of the insurance policies distributed by Anhou have designated children under 14 years age as the beneficiary of such policies, Anhou expects the continuous growth of insurance market of these factors in the near future.


No single customer accounted for more than 3% of the net revenues of CUIS, Law Broker or Anhou.

Insurance Company Partners

We are selective in terms of choosing insurance companies as our partners. We take into consideration a variety of factors, such as the reputation and integrity of the insurance company, the quality and competitiveness of insurance products offered, the prudence and health of the financial standing of the insurance company as well as the complexity and efficiency of claim adjustment and settlement. During years of operation, both Law Broker and Anhou have formed strategic relationships with numerous insurance companies in Taiwan and China, respectively, Law Broker had established business relationships with 19 insurance companies in Taiwan and Anhou had established business relationships with 34insurance companies in China.






China United Insurance Service Inc’s Comment on Sales, Marketing and Customers


Since Law Broker’s establishment in 1991, it has devoted substantial resources in building up its distribution and service network. Law Broker currently has 26 sales and service outlets spread across Taiwan (including the headquarters), among which, 6 are located in the northern region, 14 are located in the central region, 3 are located in the southern region and 2 are located in the eastern region.

Law Broker had approximately 451,422 customers, among which approximately 83% purchased life insurance products and approximately 17% purchased property and casualty insurance products from Law Broker.

Due to its extensive line of insurance products underwritten by the insurance companies in Taiwan, Law Broker managed to offer a variety of insurance products to customers of different ages or professions. However, as an aging population in Taiwan has gradually become a more recognized social issue, despite relatively healthy government-sponsored retirement and medical programs, more and more Taiwanese, especially those with stable financial means and aiming for high-end retirement and medical treatment, have been focusing on endowment and medical type of commercial insurance products, while the investment type of insurance products have been playing a less significant role since the economic downturn.

In addition, from time to time, Law Broker has been, either voluntarily or upon request of insurance companies, advising insurance companies or providing feedback on particular types of insurance products before they are put on the market. This interaction with insurance companies has not only enhanced the close cooperation between Law Broker and the insurance companies, but also gives it an edge in understanding the in-depth features of such insurance products for marketing and distribution purposes.

Law Broker sells automobile insurance and casualty insurance primarily to individual customers. Law Broker sells liability insurance to institutional customers.

Anhou had 31,207 customers, among which 30,997 purchased life insurance products and 210 purchased property and casualty insurance products from Anhou.

Anhou sells automobile insurance and individual accident insurance primarily to individual customers. Anhou sells commercial property insurance to institutional customers.

Anhou targeted middle class individuals and family members under 50 years age to be its priority clients, which represents 86.3% of its client base. The revenues of Anhou are primarily generated from the sale of life insurance products and we expect the continuous growth in this regard, as more and more customers in China realized the insufficiency of the mandatory social insurance coverage and the necessity to supplement it with commercial insurance. With the implementation of the national one-child policy through the past decades in China, approximately 35% of the insurance policies distributed by Anhou have designated children under 14 years age as the beneficiary of such policies, Anhou expects the continuous growth of insurance market of these factors in the near future.


No single customer accounted for more than 3% of the net revenues of CUIS, Law Broker or Anhou.

Insurance Company Partners

We are selective in terms of choosing insurance companies as our partners. We take into consideration a variety of factors, such as the reputation and integrity of the insurance company, the quality and competitiveness of insurance products offered, the prudence and health of the financial standing of the insurance company as well as the complexity and efficiency of claim adjustment and settlement. During years of operation, both Law Broker and Anhou have formed strategic relationships with numerous insurance companies in Taiwan and China, respectively, Law Broker had established business relationships with 19 insurance companies in Taiwan and Anhou had established business relationships with 34insurance companies in China.










CUII's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
China United Insurance Service Inc 0.00 134.74 15.91 500
Sandy Spring Bancorp Inc 4.44 392.25 19.94 1,112
United Bancorp Inc 85.49 52.74 7.79 11,825
United Security Bancshares 183.91 35.95 12.11 113
Unity Bancorp inc 602.25 132.39 60.64 245
Virginia National Bankshares Corp 254.37 57.98 20.03 144
SUBTOTAL 14,752,493.50 7,386,474.24 997,657.29 8,981,686
454 more clients available

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Sources: China United Insurance Service Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: China United Insurance Service Inc’s corporate clients.
For your research, we’ve provided 9 tables on China United Insurance Service Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
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