Having started as an individual agent in the general insurance trade (Sorry, we do not deal with life insurance products.), my clientele at that moment comes from my circle of friends, or through referrals. I was once asked by a client if I was working under any insurance company because technically I don’t work under insurer. I told him I was just an individual agent (which sounded like a freelancer to him). Instead, he advised me by quoting a Chinese saying “跑了和尚,跑不了庙”, which simply means (in layman terms) the temple is there to stay and operate even if the monk decides to leave. He explained that if I work as an individual agent, clients may be worried that there might come a day when the agent disappears from the scene and is unable to service his clients’ insurance needs. In other words, without a company presence, they do not know if they can trust a sole agent. Without further ado, I understood what he meant and hence Credence Insurance Agency was set up.
I was referred to join China Taiping Insurance as an insurance partner. China Taiping Insurance has a long history that dated back to 1938. Formerly known as China Insurance Co. ltd, ever since the company merged with The Tai Ping Insurance Co. Ltd in 2002, the insurance company decided to consolidate their operations and named themselves China Taiping Insurance Co. ltd in 2009. I was told China Taiping are particularly strong in their commercial business insurance, namely work injury compensation, foreign worker medical, public liability etc. While different insurer has different risk appetite, not every insurer is interested to insure in areas where they are not familiar with. However China Taiping has the typical culture of how Chinese businessman do business, which they are open for negotiation in seemingly complicated deals. This is one aspect which I admire most as it is crucial for insurer to insure clients in all kinds of risks. Well, if there is no risk in this world, why would anybody want to buy insurance products? The support from them is tremendous and it allows me to help clients in complex and difficult situation where insurance protection is required. Therefore, I am proud to have China Taiping Insurance as my principal insurer. While every agency/agent is able to represent three different insurers, I am also glad to have joined Tokio Marine, where they are ranked Top 10 in the general insurance trade. Tokio Marine’s products are priced very competitively which also allow us to have a competitive advantage to offer clients with affordable premium. I have yet to select a third insurer as my partner, but will definitely be looking for one which can compliment the other two.
With such strong support, I will be able to meet my clients with confidence and look forward to a bright future with Credence Insurance Agency.