The mature medical insurance system in the United States has been advertised, broadcasted, and praised by the world. Some Chinese unconsciously formed a xenocentric cognition: products from America are the best. For example, the quality of eyeglasses and contacts in American (aka 美国配眼镜) is the best; the HPV vaccine (aka hpv疫苗) is the best; the physical examination in the United States (aka 美国体检) is the best, etc.

A Chinese student who bought an international student insurance (aka 留学生保险) showed off his “perfect” insurance to his peers studying in China. “I am also allowed to waive insurance (aka 替换保险) at New York University (aka 纽约大学替换保险) that many universities like University of Michigan do not,” flaunted his “unique right”.

“I really want to tell him that I can waive insurance at University of California – Berkeley as well. Be humble, please! He is so ridiculous!” a Chinese girl from Shanghai sneered.

The fact that China does not have a medical insurance system as mature as America does cannot be rejected, yet the fast development of Chinese insurance industry from the last three decades demonstrated China’s firm resolution on keeping up with America.

Insurance giant AIA announced on Monday that it has begun to do business in Tianjin and Shijiazhuang, the capital city of Hebei Province. The underwriter currently operates in Shanghai, Beijing, Shenzhen, Guangdong and Jiangsu provinces.

The company aims to explore business opportunities brought by the integrated development of the Beijing-Tianjin-Hebei area and ride on the wave of China’s further opening up of its financial world, especially the insurance sector.

Boasting a population of 110 million and a GDP of 8.5 trillion yuan (US$1.23 trillion) by 2018, the Beijing-Tianjin-Hebei area has seen an unbalanced development of the insurance industry, the century-old life insurer said. It believes there will be a huge demand for insurance protection and health management across the region in the future.

“We will grasp the historic opportunities of the coordinated development within the area, be committed to offering all-round health management solutions for customers in Tianjin and Shijiazhuang and becoming a health management partner for them,” said Zhang Xiaoyu, CEO of AIA China.