China Taiping Insurance (“CTI”) (HKSE:00966) engages in the underwriting of direct life insurance business, property and casualty insurance business, and reinsurance business. The company has seen peer-beating growth in life NBV (new business value) in 2014 on the back of specific advantages in terms of its large scale agent recruitment. With a focus on life insurance, it is also well positioned to benefit from measures by the Chinese government to let the insurance industry play a bigger role in the social security network in the medium to long term.
From Value Partners (Trades, Portfolio)’ Classic Fund Q4 2014 Commentary.
