China United Insurance Service Outlines Strategic Objectives

ZHENGZHOU, China and TAIPEI, Taiwan, April 30, 2013 /PRNewswire/ -- China United Insurance Service, Inc. ("CUIS") (OTCBB: CUII), a leading insurance intermediary company with operations in Taiwan and the People's Republic of China, today outlined recent developments and highlighted strategic objectives. The company also unveiled a new corporate and investor relations website, which can be accessed at http://cuis.asia/, and is designed to enhance the quality and availability of information to investors.

"China United Insurance Service is committed to offering its clients tailored insurance solutions supported through highly trained dedicated agents. Our vision is clear – to become one of the largest financial insurance service platforms in Asia, and today I am happy to report that we are well on our way," said Chung-Mei Lo, CEO. "In Taiwan, where merger activity has heated up as a result of recent legislation, we are well positioned as the consolidator of choice.  At the same time, in China, we are rapidly expanding our presence to better serve consumer demand for insurance.  We are committed to providing our agents with the very best training to ensure superior service."

Recent developments:

• In August 2012, CUIS acquired Taiwan-based Law Insurance Broker Company, a leading brokerage and insurance agency service business with a total of 21 branches, three training centers and nearly 2,000 brokers.  In 2012, effective policyholders reached 260,000 and effective insurance policies grew to more than 540,000.
• In mainland China, CUIS has become a national insurance agency and brokerage company operating in three provinces with more than 2,200 brokers.  In 2012, effective policyholders reached 21,000 and effective insurance policies grew to more than 41,000.

China United Insurance Service's strategic objectives include:

• Continuing M&A activity in the Taiwan market with the goal of more than doubling the size of operations in 2013;
• Building presence in China through both organic growth and acquisition of other brokerage firms;
• Leveraging strength in Taiwan markets to improve efficiencies in China; and 
• Investing in education of agents to help customers make well-informed decisions;

"Our goal is to become the top financial insurance enterprises in Asia," Mr. Lo added. "The talent and expertise of our team is well poised to execute our strategy and deliver value for CUIS' shareholders and customers alike."

To enhance communication with the investor community, the company has retained PondelWilkinson Inc., a leading investor relations and strategic public relations firm in the United States.

About China United Insurance Service, Inc.
China United Insurance Service, Inc. ("CUIS") was founded in 2010 with a vision to build one of the largest financial insurance service platforms in Asia and to become a multinational enterprise by leveraging the experience of its Taiwan operations and capitalizing on China's fast-growing insurance market. CUIS offers a broad range of products and services for individuals, families, and businesses including: brokerage services for various types of life, health, personal accident, property and casualty insurance; insurance application assistance; claims advocacy; claims accounting preparation services; disaster and loss prevention; and risk assessment/risk management consulting services and the corresponding reinsurance brokerage services.  In 2012, the company consolidated both Taiwan and China's operations and is now working toward its goal of becoming a multinational enterprise.  CUIS has assembled an experienced executive team, with more than 81 well-experienced executive managers in agency management to guide its more than 4,200 knowledgeable agents.  By offering innovative products, continuously improving the management system, and selecting the best products to meet clients' needs, CUIS aspires to become one of Asia's leading financial insurance enterprises.  For more information on CUIS, visit: http://cuis.asia/.

Forward Looking Statement
Statements in this press release may be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections of China United Insurance Service, Inc. ("CUIS") and the insurance industry.  Potential risks and uncertainties include, but are not limited to, those relating to CUIS' ability to attract and retain productive agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, and macroeconomic conditions in China and Taiwan and their potential impact on the sales of insurance products. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.  Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the company's filings with the Securities and Exchange Commission.

SOURCE China United Insurance Service, Inc.

Copyright 2013 PR Newswire