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   This document has been made available in electronic format
           by the International Co-operative Alliance.
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              ICMIF MEMBER ORGANIZATIONS OPEN 
             REPRESENTATIVE OFFICES IN BEIJING

NTUC INCOME, Singapore and Unipol, Italy, have become the first
co-operative insurers in the world to be granted representative
office licences in China.

NTUC INCOME is also the first Singapore insurer to be given this
privilege. They will work with the All China Federation of Trade
Unions (ACFTU) in joint venture projects and market research. 
Unipol is among the top 10 insurers in Italy, with more than 2.8
million policies and annual premiums of ITL 1,886 billion.

NTUC INCOME has also applied for a representative office licence
in Vietnam and signed a memorandum of understanding with the
Vietnam General Confederation of Labour to set up a joint venture
and operate an insurance co-operative.

More information available from:

     Mr. Hans Dahlberg
     Chief Executive Officer
     International Co-operative and Mutual Insurance Federation
     PO Box 21
     Altrincham, Cheshire WA14 4PD
     United Kingdom
     Tel: (44-61) 929 5090
     Fax: (44-61) 929 5162

Source:   Co-operative and Mutual Insurance Network, Issue 13,
          September, 1995