Cisco Solutions Help Taiping Life Insurance Create Integrated Voice and Data Network.Business Editors/High-Tech Writers SHANGHAI, China--(BUSINESS WIRE)--May 30, 2003 Leading Chinese Insurer Enhances Organizational Efficiency and Cost Savings Using Cisco IP Telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. Solutions Shanghai-based Taiping Life Insurance Co. Ltd. and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), announced today that Taiping is deploying Cisco(R) Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) Telephony (IPT IPT - IP Telephony ) solutions in its headquarters-office network and four major subsidiaries across China, in order to centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. its administrative function, increase employee productivity and lower costs. This cooperation makes Taiping Life Insurance the first Chinese insurance company to deploy the integrated voice and data network. Since reopening Reopening Treasury offerings of additional amounts of outstanding issues, rather than an entirely new issue. A reopened issue will always have the same maturity date, CUSIP number, and interest rate as the original issue. its mainland China business in 2001, Taiping has led the domestic life-insurance market. In the course of its China operations, Taiping has experienced a strong need for centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. administration and enhanced communication between the primary office in Shanghai and its four subsidiaries located in Shanghai, Beijing, Guangzhou and Chengdu. Cisco IPT solutions will not only enable Taiping to optimize employee productivity through improved office communications, but also lower administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. by cutting its long-distance communication fees. It will allow Taiping to generate IP-based customer service with the new IT infrastructure. "Our renewed business in China has been going extremely well, thanks to our superior insurance business model, combined Western- and Eastern-style management, and premier technology applications," commented He Mingxing, vice president of Taiping. "To build upon this strong foundation, we have decided to adopt Cisco IPT solutions to upgrade our IT network in a way that enhances organizational productivity, speeds up the decision-making process and creates new business opportunities, thus significantly increasing our competitive edge in the marketplace. "Furthermore, the new network will support our goal of establishing Taiping Life Insurance as a highly professional and internationally recognized brand through continuing investment in customer service and management strategy," He added. Raymond Lau, vice president of Cisco China, remarked, "Cisco is honored to work with Taiping Life Insurance to set up the first integrated voice and data network in a domestic insurance firm. Cisco itself uses and benefits from IPT solutions, which are highly mobile, easy to manage and affordable. As the leading provider of IP telephony systems, we look forward to bringing our rich experience in deploying IPT solutions for financial institutions to more insurance companies in China." Cisco has provided Cisco 3745 routers, Cisco 3640 routers, Cisco Catalyst(R) 6509 switches with IPT modules, 350 IP phones and Cisco CallManager software to support the integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. . In addition, Cisco IPT solutions will soon be deployed in 11 newly built subsidiaries of Taiping Life Insurance in China. About Taiping Life Insurance Co. Ltd. The Taiping Insurance Company was founded in 1929. Its life insurance department was established in 1934 and was transformed into the Taiping Life Insurance Co. Ltd. in 1938. Two years later, Taiping became one of China's most outstanding life insurance companies, with a premium income of RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) 35 million. Taiping closed its domestic business and entered overseas markets in the late 1950s. Taiping Life Insurance resumed its business in mainland China in 2001, basing its headquarters in Shanghai. A month later, its subsidiaries in Beijing, Guangzhou and Chengdu were granted business licenses. About Cisco Systems Cisco Systems (Nasdaq:CSCO) is the worldwide leader in networking for the Internet. Cisco news and information are available at http://www.cisco.com. Cisco, Cisco Systems, the Cisco Systems logo, and Catalyst are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document or Web site are the property of their respective owners. |
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