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Cninsure Inc.  (CISG)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Cninsure Inc's

Competitiveness


 

CISG Sales vs. its Competitors Q4 2015



Comparing the results to its competitors, Cninsure Inc reported Total Revenue increase in the 4 quarter 2015 by 26 % year on year, while most of its competitors have experienced contraction in revenues by -37.57 %, recorded in the same quarter.

List of CISG Competitors

With net margin of 7.62 % company reported lower profitability than its competitors.

More on CISG Margin Comparisons



Revenue Growth Comparisons

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Net Income Comparison


Cninsure Inc. Net Income in the 4 quarter 2015 grew year on year by 24.28 %, faster than average growth of Cninsure Inc's competitiors of 24.28 %

<<  More on CISG Income Comparisons


Cninsure Inc's Comment on Competitors and Industry Peers


A number of industry players are involved in the distribution of insurance products in the PRC. We compete for customers on the basis of product offerings, customer services and reputation. Because we primarily distribute individual insurance products, our principal competitors include:

· Professional insurance intermediaries. The professional insurance intermediary sector in China is highly fragmented, accounting for only 7.3% of the total insurance premiums generated in China in 2014, according to the latest Chinese Insurance Intermediary Market Report. Several insurance intermediary companies have received private equity or venture capital funding in recent years and are actively pursuing expansion. We believe that we can compete effectively with these insurance intermediary companies because we have a longer operating history, we have a strong and stable team of managers and sales professionals equipped with CNpad (our proprietary sales support workstation), we offer diversified products to our sales agents and clients, we have built a unified operating platform and we were the first to adopt mobile technology to distribute insurance products among professional insurance intermediaries in China. With increasing consolidation expected in the insurance intermediary sector in the coming years, we expect competition within this sector to intensify.

· Insurance companies. The distribution of individual life insurance products in China historically has been dominated by insurance companies, which usually use both in-house sales forces and exclusive sales agents to distribute their own products. In addition, in recent years several major insurance companies have increasingly used telemarketing and the internet to distribute auto insurance. We believe that we can compete effectively with insurance companies because we focus only on distribution and offer our customers a broad range of insurance products underwritten by multiple insurance companies.

· Entities that offer insurance products online. In recent years, domestic insurance companies, portal websites and professional insurance intermediaries have begun providing online information to consumers interested in purchasing insurance products. However, each of their insurance e-commerce operations has its own limitations. The insurance products offered on an insurance company’s website are usually confined to those under its own brand. Most portal websites provide separate product information with little ability to compare among insurance plans. None of the professional insurance intermediaries that organize online product distribution has a nation-wide sales and service network to support after-sale service. We believe that we can compete effectively with these business entities because our independent online insurance platform offers a broad range of insurance products underwritten by multiple insurance companies, product comparisons between prices, services and policy benefits and good after-sale services that are backed by our call center and nation-wide service network.

· Other business entities. In recent years, business entities that distribute insurance products as an ancillary business, primarily commercial banks and postal offices, have been playing an increasingly important role in the distribution of insurance products, especially life insurance products. However, the insurance products distributed by these entities are mostly confined to those related to their main lines of business, such as investment-related life insurance products. We believe that we can compete effectively with these business entities because we offer our customers a broader variety of products.

In addition to individual insurance products, we also distribute commercial property and casualty insurance products. As a result, we also compete, to a lesser degree, with insurance intermediaries that focus on the distribution of commercial property and casualty insurance products. We believe that we can compete effectively with these business entities because we can leverage our leading position in the distribution of individual insurance products and provision of property-related claims services, including our strong relationship with insurance companies, existing abundant customer resources and large distribution network, to rapidly develop our brokerage business.


We compete primarily with the other major claims adjusting firms in China, particularly Min Tai’an Insurance Surveyors & Loss Adjusters Co., Ltd., or Min Tai’an. We believe that we can compete effectively with Min Tai’an and other major insurance claims adjusting firms because we offer our customers a diversified range of claims adjusting services covering property insurance, automobile insurance and marine and cargo insurance and are able to leverage the business relationships we have developed with insurance companies through the distribution of property and casualty insurance products.



<<  See the full list of CISG competitors


Competitiveness By Company's Divisions



  

Total Segment Market Share Q4 2015

Due to strong revenue growth of 26 % in Total Cninsure Inc. improved its market share, to approximate 8.86 %.



<<  More on CISG Market Share.
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CISG's vs. Competition, Data

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



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Cninsure Inc. CISG 0 0 0 4,288
Assured Guaranty Ltd AGO 4,390 1,069 485 300
Gallagher Arthur J & Co AJG 14,518 10,242 661 21,500
Aon Plc AON 39,989 10,909 809 69,000
Bb&t Corporation BBT 40,125 10,929 3,119 33,400
Brown & Brown Inc BRO 4,128 1,841 270 7,807
Cullen CFR 6,584 1,261 436 4,211
Erie Indemnity Co ERIE 7,032 2,222 258 4,800
Ladenburg Thalmann Financial Services Inc. LTS 577 1,380 31 1,307
Old National Bancorp ONB 2,797 666 113 2,652
Primerica, Inc. PRI 5,269 1,744 364 1,764
Summit Financial Group Inc SMMF 263 84 23 231
Unum Group UNM 7,961 11,557 541 9,500
Univest Corp Of Pennsylvania UVSP 740 191 42 717
Willis Towers Watson Plc. WSH 0 8,212 485 23,700
SUBTOTAL 134,373 62,307 7,637 185,177
     
       
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