| 1992 |
American International Assurance Co. Ltd,(AIA) was granted an insurance license by the People's Bank of China to operate both life and non-life businesses in Shanghai. The General Insurance Division of AIA Shanghai Branch was set up to provide general insurance products and services to the city's joint ventures and foreign enterprises.
The first general insurance policy issued on marine cargo. |
| 1993 |
The first fidelity and household insurance policy issued. |
| 1995 |
Accident coverage worth RMB50,000 was donated to Panda Cong Cong. |
| 1996 |
China's first directors and officers liability insurance policy issued. |
| 1997 |
The General Insurance Division of AIA Shanghai Branch was renamed AIU Insurance Company Shanghai Branch following the approval from the People's Bank of China.
As one of the lead co-insurers, AIU Shanghai provided Construction All Risks insurance to Shanghai General Motors. |
| 1999 |
An active promoter of sound corporate governance. AIU Shanghai organized the first directors and officers liability seminar.
Reputable for its underwriting, engineering and loss-prevention expertise, the company was delegated to participate in the China Engineering Construction "Best Practices Conference" presented by the China Development Bank in four major cities across China.
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| 2000 |
AIG's strategic alliance with Bank of China further expanded the distribution channels of AIU in China .
AIU Shanghai participated in the insurance awareness week organized by the China Insurance Regulatory Commission, sharing its expertise in risk management, product liability and employer's liability.
AIU Shanghai hosted a seminar on occupational safety and employers' liability and introduced Occupational Safety and Health Administration (OSHA) model.
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| 2001 |
AIU Shanghai 's dedication to service quality was recognized in the certication of ISO9001 by SGS Yarsley International Certification Servics.
AIG teamed up with industrial and Commercial Bank of China and China Minsheng Banking Corporation to develop various business opportunities for AIU.
"E-marine" system was launched.
The 800 toll-free service hotline with well-trained staff to handle customers' enquiries was set up. |
| 2002 |
Global risk management solutions specially designed form multinationals in China were launched.
AIU Shanghai celebrates 10years of service in China. |
| 2004 |
AIU Shanghai was approved to expand business scope and licensed to sell non-life insurance products to local enterprises and consumers in accordance with China 's WTO commitments. |
