Cninsure Inc. (NASDAQ: CISG) is on The StockGuru Leader Board today. The stock is up as much as 32.48% on Wednesday.
Volume traded – so far – as this release was issued intraday: 395,630
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About the Company:
CNinsure Inc., an insurance intermediary company, provides insurance brokerage and agency, and insurance claims adjusting services in the Peoples Republic of China. The company distributes property and casualty, and life insurance products underwritten by various insurance companies. It sells automobile insurance, individual accident insurance, and homeowner insurance products primarily to individual customers; commercial property insurance, cargo insurance, hull insurance, liability insurance, and construction insurance products to institutional customers; and life insurance products, including individual whole life insurance, term life insurance, endowment life insurance, education annuity, and health insurance, as well as universal insurance and group life insurance primarily to individuals under 50 years of age. The companys insurance claims adjusting services include pre-underwriting survey, claims adjusting, disposal of residual value, loading and unloading supervision, and consulting services, as well as damage assessment, survey, authentication, and loss estimation to insurance companies and the insured. It also offers value-added services to its customers in conjunction with distributing automobile insurance products. In addition, the company distributes mortgage loans, re-mortgage loans, homeowner loans, and auto loans, as well as offers independent investment research and wealth management services to both institutions and individuals. As of April 8, 2011, its distribution and service network consisted of 39 insurance agencies, 3 insurance brokerages, 3 claims adjusting firms, and 1 online insurance service company, with 533 sales and service outlets, 45,914 registered sales agents, 124 in-house sales representatives, and 1,367 in-house claims adjustors. The company was founded in 1998 and is headquartered in Guangzhou, the Peoples Republic of China.
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