Another Fortune 500 settled in Tianjin Economic Development Zone, boosting the high-quality development of foreign insurance companies

Aia Life Insurance Co., LTD. Tianjin Binhai Marketing Service Branch (hereinafter referred to as AIA Tianjin Binhai Service) held the opening ceremony at Tianjin Chow Tai Fook Financial Center, marking the official entry of another Fortune 500 insurance company into Tianjin Economic Development Zone, which will continuously improve the level of regional diversified financial services and inject new vitality into the opening up of the regional financial industry.

In July 2019, AIA officially entered Tianjin, established Tianjin Marketing Service Department, and received regulatory approval in February 2022, officially upgraded to the Tianjin Branch of AIA Life Insurance Company Limited (hereinafter referred to as AIA Tianjin).

Aia Tianjin, as an important practice in the opening up of China's insurance market to the outside world, has been established for more than four years, providing customers with life insurance, health insurance, accident insurance and other personal insurance business through diversified sales channels.

By the end of 2022, AIA Tianjin has provided more than 10 billion yuan of insurance protection for tens of thousands of families in Jincheng.

In order to further deepen the Tianjin insurance market, improve the network layout, and provide better services for customers in Binhai New Area, AIA Tianjin has launched a new Binhai service plan since 2022, and will formally prepare for construction in 2023.

With the joint support of the Binhai Supervision Branch of the State Financial Regulatory Administration and the Financial Bureau of the Economic Development District, AIA Tianjin Binhai Service has recently officially obtained a business license and insurance license.

At present, the number of employees in AIA Tianjin Binhai Service has reached 132, 100% of which are college degrees or above, of which 8% are master's degrees, and 36% have been middle or senior managers.

In the future, Binhai Service will be the key network of AIA Tianjin's development, radiating the entire Binhai New Area and surrounding areas, further facilitating and optimizing local customer service, and contributing to expanding the depth and density of insurance in our city.

The head of AIA Tianjin Branch said that the opening of AIA Tianjin Binhai Clothing shows AIA's commitment and determination to the Tianjin market.

Aia Tianjin will continue to adhere to the customer-first service concept, continuously expand the service radius, and provide comprehensive insurance solutions for customers in Binhai New Area. At the same time, AIA will continue to cultivate more outstanding financial service professionals for the Economic Development Zone and Binhai New Area through the "Excellent Salesman" strategy, and promote the high-quality development of Tianjin life insurance market.

In recent years, China has continued to deepen the process of opening up its financial sector, rolled out nearly 50 opening-up policies, lifted all restrictions on foreign ownership in the banking and insurance sector, significantly reduced the quantitative threshold for foreign investment, and continued to expand the breadth and depth of financial opening-up.

The Economic Development Zone actively responded to the national call for financial opening up, encouraged enterprises to make full use of the dividends of opening up policy, supported eligible foreign financial institutions to participate in various pilot financial opening business, and gathered a number of high-quality foreign financial projects such as the Data and comprehensive Business Center of AIIB, Standard Chartered Bank Business Center, AIA Life Binhai Service, Runhui Private Equity Fund.

In the next step, the Economic Development Zone will actively plan, continue to create a business environment for foreign exhibition industry, build a good foreign financial ecology, and help Tianjin's financial opening up and high-quality development.

About AIA Life

Aia Life has a professional team of insurance salesmen, and through diversified sales channels, to provide customers with life insurance, health insurance, accident insurance and other life insurance business. By the end of 2022, AIA covered 18 markets with total assets of $303 billion.


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