OREANDA-NEWS. June 03, 2011. Recently, the Guangxi Branch of Bank of China Insurance Company Limited (BOC Insurance), a wholly-owned subsidiary of Bank of China, officially started business, making it the company’s 22nd branch in the country, reported the press-centre of Bank of China.

Established in January 2005 with a registered capital of HKD 2 billion, BOC Insurance is a nationwide property insurance company headquartered in Beijing. It is the first national property insurance company to adopt the "bank insurance" business model and an important part of Bank of China's diversified financial service platform. With strong capital, complete product lines, extensive insurance experience and advanced management concept, BOC Insurance has successfully provided insurance coverage to many large commercial projects, demonstrating a good growth potential and strong competitiveness. And it has established an image of "efficiency, quality, speed and honesty".

Wholly-owned by Bank of China and adhering to the century-old corporate culture and management philosophy of Bank of China, BOC Insurance has been committed to bank insurance business innovation, improvement of the quality of financial services, risk management and control and sustainable development, gradually building a team with experts in both banking and insurance. In the future, through its banking dominated multiple channels and advanced technologies, BOC Insurance will provide individuals, households and groups with professional risk management solutions and provide its customers with the most suitable insurance products and quality and convenient services.