China United Insurance Service Enters Strategic Partnership With AIA Group

ZHENGZHOU, China and TAIPEI, Taiwan, July 29, 2013 /PRNewswire/ -- China United Insurance Service, Inc. ("CUIS") (OTCBB:CUII), a leading insurance brokerage company with operations in Taiwan and the People's Republic of China, today announced one of its subsidiaries has entered into a strategic partnership with AIA International Limited Taiwan Branch ("AIATW").

AIATW is an entity of AIA Group Limited that has operations in 16 markets in the Asia-Pacific region, with total assets of approximately U.S. $134 billion. AIA serves the holders of more than 25 million individual policies and over 13 million participating members of group insurance organizations.

"The strategic partnership with AIATW further strengthens our leading position in the growing insurance market in Taiwan," said Chung-Mei Lo, CEO of CUIS. "Adding AIA's products to our platform will allow us to even better satisfy our clients' needs for tailored products, along with recognizing customers' increasing demands for individualized insurance plans."

"Taiwan is one of the major insurance markets in the Asia-Pacific region," said Tan, Kar-Hor, CEO of AIATW. "This agreement allows us to quickly enlarge our distribution reach, while also reinforcing our competitive position in the market."

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/.

About AIA International Limited Taiwan Branch
AIATW markets a wide range of life insurance products and services including retirement plans, life insurance, accident and medical insurance to satisfy customers' needs for protection, savings, investment, medical and accidents. AIATW demonstrates high creativity by providing convenient insurance services to our customers through multi-channel strategy which includes agency, telemarketing, banc assurance and brokerage. 

AIATW also provides employee benefits, credit life and pension services to corporate clients, which range from small and medium sized local enterprises to multinational companies. AIATW aims to be customers' most trusted insurance partner and continues to expand operations in Taiwan to provide customers with quality products and services.

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. These forward- looking statements are identified by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements, including, but not limited to, the agreement allowing the company to better satisfying clients' needs and enlarging distribution reach, 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.