CNinsure has signed an exclusive distribution agreement with Ping An Life Insurance Company of China. Under the terms of the agreement, a co-branded accident insurance product, custom designed by Ping An Life, will be marketed by CNinsure.

The agreement, involving an approximately RMB60 million insurance premium generated, is the first joint initiative launched by CNinsure and Ping An Life.

Yinan Hu, chairman and CEO of CNinsure, said: The strategic partnership reflects Ping An Life’s trust in our distribution network and retail sales capabilities.

As part of our strategy, we will work closely with insurance companies in the development and exclusive distribution of customized products. We believe that this strategy will contribute to our future growth and profitability.