China Reinsurance Strengthens Responsibilities and Takes Advantage of High-quality Services “Belt and Road” Construction
|source: 浏览次数： Release time: May 10, 2019Views:|
On May 9, the 213th regular press conference of the banking and insurance industry was held in Beijing. The Vice Chairman, President and Chun Lei of China Re Group introduced the theme of "Strengthening Reinsurance Responsibility and Responsible for High-quality Services 'Belt and Road' Construction". As a national team of China's reinsurance industry, Re Group is serving various national measures and achievements in the “Belt and Road” construction. Li Wei, general manager of China Re's strategic customer department, and Wang Zhongzheng, assistant general manager of China Re Property & Casualty Insurance, accompanied the press conference. Reporters from more than 30 domestic mainstream media participated in the press conference.
He Chunlei pointed out that with the continuous deepening of the "Belt and Road" construction, "going global" enterprises urgently need to build a commercial, sustainable, complete and reliable overseas interest safety protection. China Re Group is the main domestic reinsurance channel and a major player in the international market We will continue to take the initiative to make breakthroughs and innovations, continuously improve our core reinsurance service capabilities, take product innovation as the breakthrough, platform construction as the center of gravity, and rely on international networks to provide comprehensive risk protection for the “Belt and Road”.
Highlight the main business and focus on innovation to provide all-round protection of the “Belt and Road” risks
China Re Group is one of the Chinese insurance companies that provides the most risk protection for the countries along the “Belt and Road”. Each year, as the chief and main reinsurer, the majority of the “Belt and Road” involved in the domestic insurance industry through contractual methods. The project provides stable and reliable reinsurance risk protection.In 2018, it provided a total of about 3 trillion yuan in risk protection for the international market.
In response to the pain points of China's "going global" enterprises, China Re Group tailored and innovated localized comprehensive solutions. In 2017, China Re Group promoted five leading security companies in China to set up a "security community", reached an exclusive strategic cooperation with the "security community", and pioneered a comprehensive risk solution for "national security" focusing on providing kidnapping and ransom for overseas employees of Chinese companies Insurance protection, as well as “localized” pre-security protection, post-professional ransom negotiation and emergency rescue services, have effectively satisfied the demands of Chinese enterprises.
Once the "National People's Insurance Company" comprehensive solution was launched, it gained market attention and welcome. In 2017, China Re Group provided a total of 2346 overseas migrant workers for 41 companies registered in Chongqing, providing approximately 97.1 billion yuan in security services; approximately 3,100 for China Railway Construction, PetroChina, Hangzhou Jinjiang Group, Shandong Power Construction and other companies. Overseas employees provided nearly 400 billion yuan of risk protection; in 2018, the protection of the security risk part of the Jiangsu Overseas Employees Project underwritten by China PICC P & C was supported by the "China National Insurance", which can cover 15,000 overseas employees in Jiangsu Province; In the same year, Pacific Property and Casualty Insurance Co., Ltd. released "Overseas Worry-Free" exclusive insurance products to 1,500 member companies of the China Chamber of Commerce for Outsourcing Contracting. The safety guarantee part was also supported by the "National Insurance".
In order to accurately quantify overseas security risks, China Re Group and the “Security Community” independently researched and developed and will publicly release the overseas abduction incident response manual in the first half of this year, the first domestic abduction risk report and risk map from China.
Build a platform and leverage technology to advance the construction of the “Belt and Road” infrastructure for insurance industry services
In China, China Re Group actively participates in the research of the “Belt and Road” International Insurance and Reinsurance Community of the China Banking Regulatory Commission, and works with member units to build an industry platform to jointly provide more stable and reliable insurance protection and more for the high-quality construction of the “Belt and Road”. Excellent service.
Overseas, China Re has actively participated in the construction of the “Belt and Road” international platform. In 2017, the Singapore “Belt and Road” consortium was formally established, with China Re Group Singapore Branch acting as the management agency. So far, the consortium has provided RMB 3.2 billion in risk protection for the “Belt and Road” projects.
Aiming at the blind spots of protection for various special risks in African countries, China Re Group promotes medical and health protection programs for overseas personnel and builds an online platform of "insurance protection + medical health" service ("Re-Medical" platform), which will be launched in the first half of this year. Operation, "One Belt One Road" exclusive medical and health insurance product "Guo Ren Guo Yi" developed on this platform will also be launched simultaneously.
At the same time, in response to the risk management needs of “going global” corporate projects, China Re Group has accelerated the creation of a comprehensive “Re-Tong” Belt and Road service platform, which will be released in the first half of this year. Version 1.0 of the platform will provide 11 types of overseas natural disaster risk maps such as earthquakes and floods, and dynamic early warning of overseas security personnel, etc., to realize risk understanding; provide online insurance business consulting and customized comprehensive risk solutions, etc. to achieve business connectivity.
Accelerate the international layout, deepen the cooperation network, and comprehensively improve the "Belt and Road" risk protection coverage capability
As one of the earliest and most internationalized Chinese insurance companies to develop internationally, China Re Group has established stable cooperative relations with more than 1,000 insurance institutions in more than 100 countries and regions around the world. China Re Group regards "globalization" as one of the three strategic fulcrum of overall development, and regards the construction of the "Belt and Road" as the top priority of globalization development.
In order to continuously improve its service capabilities, China Re Group continues to expand its international business layout. With the wholly-owned acquisition of Bridge Society Insurance Group in 2018, China Re can use Bridge Society's global leading strength in special risks that the Belt and Road Initiative urgently needs to protect, such as political insurance, credit insurance, energy insurance, and nuclear insurance, to achieve synergy and complementarity. Provide more targeted products and guarantees for the “Belt and Road”.
By building a "global circle of friends", China Re Group continues to build a global service network for the "Belt and Road". Up to now, China Re Group has established a “Belt and Road” cooperation relationship with 29 overseas insurance institutions, which can provide local service channels for China's overseas interest businesses in 123 countries and regions around the world. At the same time, China Re Group actively promoted cooperation with the BRICS countries. In August 2017, it initiated and established a “BRICS insurance and reinsurance cooperation support system”, becoming the first consensus on insurance cooperation reached since the leaders of the BRICS countries established a meeting and cooperation mechanism. .
Through unremitting efforts, China Re Group and Portugal Loyalty Insurance Group signed a memorandum of understanding on commercial cooperation in the construction of the “Belt and Road” and was included in the list of achievements of the second “Belt and Road” International Cooperation Summit Forum just concluded.
Facing the new requirements of the “Belt and Road” initiative for high-quality construction, China Re will make every effort to build a technological and platform-based support system, continue to promote global development, enhance core reinsurance service capabilities, and join hands with domestic brother companies and international partners Together, we will escort the construction of the “Belt and Road” initiative.
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