As a leader in China’s Nat Cat risk management, we provide comprehensive and customized government-supported catastrophe insurance solutions.
We get deeply involved in the top-level design and the establishment of China Urban and Rural Residential Building Earthquakes Catastrophe Insurance Pool (CECIP), as the lead reinsurer and sole reinsurance council member.
We fully participate in the government-supported catastrophe insurance pilot program, providing typhoon, earthquake, flood and other catastrophe risk protection for Guangdong, Shenzhen, Ningbo, Xiamen, Shanghai, Yunnan, Sichuan and other places. Our market share is over 80%.
China Re P&C has a high-quality, professional team with expertise in finance, actuarial science, GIS, earthquakes, meteorology, civil engineering, artificial intelligence, and big data, who can provide multiple risk transfer solutions including parametric and indemnity based insurance products for various natural disasters.
China Re P&C also provides alternative risk transfer solutions such as cat bond, providing a new way for catastrophe risk diversification. In 2015, China Re P&C successfully issued the first catastrophe bond of China with China's earthquake risk as the peril.
China Re P&C is dedicated to helping governments at all levels to strengthen their Nat Cat management. We protect the people’s livelihood with a mode combining “Technology + Product + Service.”