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Fifth member conference of China Belt and Road Reinsurance Pool (CBRRP) convened in Beijing

Source: Department of Regional Opening-up / Updated: 2022-05-20

On April 21, 2022, the 5th member conference of the China Belt and Road Reinsurance Pool (CBRRP) was convened both online and offline. Nearly 100 people from the China Banking and Insurance Regulatory Commission (CBIRC), the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, the China International Contractors Association, China Three Gorges International Corporation, 23 member companies of CBRRP and four observer companies attended the meeting. The participants summarized the work progress in 2021, defined the main work direction in 2022, deliberated on relevant proposals and reported relevant matters, and presented the construction prizes for insurance services under the Belt and Road Initiative and the letters of appointment to professional consultants, working group members and risk management experts of CBRRP. Last year, CBRRP's member companies provided nearly 2.8 trillion yuan of insurance cover for China's overseas interests. In order to improve the risk research capacity, CBRRP employed Wang Wen, chief economist of China Export & Credit Insurance Corporation and doctoral supervisor of University of International Business and Economics, as a professional consultant to provide professional support.