China Life Insurance announces resignation of finance chief

Insurance Business Magazine | July 11, 2019

China Life Insurance announces resignation of finance chief
China Life Insurance has announced the resignation of Zhao Lijun as person in charge of finance (equivalent to chief financial officer). The resignation, which took effect on July 08, was due to an adjustment in the management division, a statement from China Life said. “[China Life] would like to express its gratitude to Mr Zhao Lijun for his contribution to the company during his tenure of service as the person in charge of finance,” the insurer added. Meanwhile, Zhao Peng was nominated as the next person in charge of finance during a meeting of China Life’s board. The Beijing Bureau of the China Banking and Insurance Regulatory Commission (CBIRC) has given its approval to Zhao’s nomination.

Spotlight

We predict travel-insurance sales to Americans traveling outside of the country will increase 2.88% in 2018 to $2.37 billion, still a positive result but down from our 4.93% projected increase for 2017. This prediction is based on projections of percentages of covered trips, traveler ages, and travel-insurance cost as a percentage of trip cost; calculations of total 2018 travel-insurance sales; and a comparison of those figures against last year’s figures.

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Spotlight

We predict travel-insurance sales to Americans traveling outside of the country will increase 2.88% in 2018 to $2.37 billion, still a positive result but down from our 4.93% projected increase for 2017. This prediction is based on projections of percentages of covered trips, traveler ages, and travel-insurance cost as a percentage of trip cost; calculations of total 2018 travel-insurance sales; and a comparison of those figures against last year’s figures.