China Insurance Regulatory Commission (CIRC) assigns Willis 5-Star rating in quality review
Willis has announced that it has been ranked in top position in a review of the quality of licensed insurance brokers operating in Shanghai.
Of the 98 brokers and agents to be assessed, only eight companies were awarded five stars, the top company in this category being Willis with a score of 94%.
The criteria assessed included management, integrity, ability to deliver, quality of work, premium processing and value-added services including claims. The method of review was based on peer companies, insureds and clients, insurance companies, regulatory authorities and self assessment.
Willis was the first international insurance broker to be granted permission to hold a majority share in a fully licensed broking operation in China, Pudong Insurance Brokers.
In August 2004, CIRC granted Willis Pudong Insurance Brokers Co., Ltd a broking license allowing the joint venture to engage in insurance and reinsurance broking activities throughout the People's Republic of China.
Joe Plumeri, chairman and chief executive of Willis, said: "This accomplishment underscores our commitment to this vibrant and growing market and we are pleased to retain our leadership position.”
“We constantly strive to achieve excellence in the quality of our work and we are thrilled this has been recognized by clients and insurers alike."
