Europ Assistance stars in first Lujiazui international reinsurance conference at CIIE
Europ Assistance (EA) participated in the first Lujiazui International Reinsurance Conference on November 4 in Shanghai. The LIRC was part of the second China International Import Expo. It was the first time insurance was included in CIIE. As a partner of LIRC, EA successfully held a sub-forum on the subject of “Belt and Road, From Travel Risk to Recovery” and received positive feedback.
Over 60 customers from leading insurance and reinsurance companies attended the EA “Belt and Road” sub-forum. Chen Peng, Chairman of Generali China, Liu Jian, the Asia Regional Ambassador of the ICC Commission on Taxation, ex Senior Executive from the China National Petroleum Corporation, and Dong Xiangbin, Senior Executive from China Re (life), joined Iain Woodward, Chief Insurance Officer of EA Asia and Daniel Cheung, CEO of EA China, in a panel discussion to share thoughts and insights, from prevention to protection, on the comprehensive risks faced by Chinese companies with “Belt and Road Initiatives”, especially on travel-related personal safety, accidents and health, and medical protection related risks.
They also jointly discussed with the audiences the possibilities where insurance, reinsurance, overseas reinsurers, and assistance or professional services can respectively play their roles, release further capacity, and work together to maximize the effectiveness while protecting the Chinese customers Going Out, under the Belt and Road initiatives.
Working with over 750,000 providers, EA provides services in more than 200 countries and territories, servicing over 300 million customers, covering most Belt and Road areas. As a member of EA group and an international reinsurer, Europ Assistance Irish Branch (EAIB) is licensed for a broad range of insurance, both corporate and individual, with its professional risk assessment capabilities to provide risk solutions particularly in the global leisure and business travel insurance market. It has been registered as Fac reinsurer in China as well.
Being the world's second largest insurance market, in support of the Belt and Road initiatives, the China market has increasing demand for reinsurance, which allows for more opportunities of cooperation between domestic and overseas reinsurers such as EAIB.
Under the context of the country’s further opening up its financial service sector to the foreign invested companies, Europ Assistance is planning to further invest in China. With 30 years foot prints in China and business/cooperations in major cities including Shanghai, Beijing, Guangzhou and Chengdu, Europ Assistance is now planning to expand its business operations in China to cover insurance brokerage, backed up by the group’s insurance and reinsurance expertise and practices across the globe, as well as caring assistance services that connect 300 million customers worldwide to the insurers.