Car Insurance Online

Zheshang Property and casualty insurance Co., Ltd. (Zheshang P&C) has formally entered Shanghai market, in an effort to branch out into the whole nation.

As planned, the registered capital of the Hangzhou-based non-life insurer will be added to CNY 2 billion this year. In addition, insiders disclosed that the property insurer has already opened 10 provincial-level branches across the country, mainly in east and north China. As for this year, Zheshang P&C plans to launch another 3 to 5 provincial-level branches, with the expectation to form a nationwide layout.

Zheshang P&C is the first nationwide insurance company whose base is in the southeastern province Zhejiang. The company was funded with the registered capital of CNY 1 billion, operating various kinds of insurance businesses.

Before the entry of Zheshang P&C into Shanghai, two other of Zhejiang’s financial institutions had already come to the eastern metropolis. They are China Zheshang Bank and Zheshang Securities Company Limited.