Insurers step up hiring

Bucking the global trend of cutting jobs and freezing new posts amid the global recession, Chinese life insurers have decided to go on a hiring spree.

PICC Life Insurance Co, the country's sixth largest life insurer by market share, plans to double the number of insurance agents this year, the company's top management told China Daily yesterday.

The staff increase, said Zhu Shuiming, manager of the marketing department of PICC Life, is mainly to fuel the company's business expansion in second-tier cities this year.