An insurance company purchases
reinsurance to分散其风险。
Reinsurance treaties are complex contracts that require thorough legal analysis.
The reinsurer agreed to cover 80% of the losses in the event of a major hurricane.
After a series of natural disasters, the company's
reinsurance strategy proved invaluable.
Reinsurance companies specialize in providing coverage to primary insurers for high-risk policies.
The insurer ceded its earthquake policy to a
reinsurance firm for better risk management.
In times of financial distress, reinsurers can help primary insurers stay solvent.
A
reinsurance treaty is typically negotiated between two insurance entities before a policy is issued.
Reinsurance rates soared after a record-breaking hurricane season.
Primary insurers and reinsurers collaborate to ensure a steady supply of insurance coverage to customers.
保险公司购买再保险是为了分散其面临的潜在损失。
再保险协议是需要详细法律分析的复杂合同。
在发生重大飓风时，再保险公司同意承担80%的损失。
在一系列自然灾害后，公司的再保险策略被证明极为重要。
再保险公司专为主要保险公司提供高风险保单的保障。
该保险公司将其地震保险政策转给再保险公司以更好地管理风险。
在财务困境中，再保险公司能帮助主要保险公司保持偿付能力。
在保单发行前，通常由两家保险公司之间协商再保险协议。
遇到创纪录的飓风季节后，再保险费率大幅上涨。
主要保险公司和再保险公司合作确保客户获得持续的保险保障。
We have the balance sheet strength to commit substantial reinsurance capacity to the Chinese market and will continue to do so.
我们有资产负债表实力向中国市场提供大量再保险能力，并将继续这样做。
According to the strategy, China Re will promote the integration of technology and business, fully leverage the advantages of reinsurance, actively carry out risk reduction services and provide comprehensive risk solutions with technology at the core.
根据该战略，中国再保险将促进技术与业务的融合，充分利用再保险的优势，积极开展风险降低服务，提供以技术为核心的综合风险解决方案。
"By 2035, China Re expects to become a world-class comprehensive reinsurance group empowered by digital technology.
“到2035年，中国再保险有望成为以数字技术赋能的世界级综合再保险集团。
"China's focus on high-quality development and common prosperity presents significant opportunities for the reinsurance industry," Mumenthaler said.
穆门塔勒表示：“中国对高质量发展和共同繁荣的关注为再保险行业带来了重大机遇。”。
"Digitalization is definitely a key driving force for the Chinese economy going forward, and it will definitely make a difference in the reinsurance industry," the CEO said.
这位首席执行官表示：“数字化无疑是中国经济向前发展的关键驱动力，它肯定会对再保险行业产生影响。”。
In the country, Swiss Re has launched digital solutions including the automated insurance underwriting platform Magnum and the agricultural insurance risk management platform SRAIRMP, providing technological support to clients across industries and the entire reinsurance value chain.
在该国，瑞士再保险推出了数字解决方案，包括自动化保险承保平台Magnum和农业保险风险管理平台SRAIRMP，为跨行业和整个再保险价值链的客户提供技术支持。
Swiss Re's business strategy is aligned with China's 14th Five-Year Plan (2021-25), said Ivan Gonzalez, CEO of Reinsurance China and president of Swiss Re China.
再保险中国首席执行官兼瑞士再保险中国总裁伊万·冈萨雷斯表示，瑞士再保险的业务战略与中国的第十四个五年计划（2021-25年）相一致。
Faced with a complex market environment both at home and abroad, China Re Group formulated the "One-Four-Five" strategy, which refers to focusing on our reinsurance business ("one core"), technology empowerment, global interconnection,strengthening product innovation and becoming platform-driven ("four pivots"), and achieving improvements in value, data, ecosystem, talent and culture ("five enhancements").
面对国内外复杂的市场环境，中再集团制定了“一四五”战略，即聚焦再保险业务（“一核”）、技术赋能、全球互联、加强产品创新和平台驱动（“四支点”），实现价值、数据、生态、，人才与文化（“五个提升”）。
In terms of total reinsurance premiums and net premiums, China Re Group's global reinsurance ranking rose from 7th to 6th, and was recognized as one of the "Top 500 Global Companies" by Fortune magazine and appeared on the "Brand Finance Global 500".
在再保险总保费和净保费方面，中国再保险集团的全球再保险排名从第7位上升到第6位，被《财富》杂志评为“全球500强”之一，并登上“品牌金融全球500”。
China Re also ranked top in the Annual Regulatory Assessment on Corporate Governance conducted by the China Banking and Insurance Regulatory Commission and ranked first by market share in the domestic reinsurance market, reinforcing its position as the main force in the industry.
中国再保险在中国银行保险监督管理委员会进行的年度公司治理监管评估中也位居榜首，在国内再保险市场的市场份额排名第一，巩固了其行业主力军地位。
The P&C reinsurance overseas business accounted for 32.4 percent, representing a year-on-year increase of 1.5 percentage points; P&C reinsurance domestic emerging business accounted for 7.8 percent, representing a year-on-year increase of 0.9 percentage points; domestic protection-type business in the life and health reinsurance business accounted for 37.6 percent, representing a year-on-year increase of 6.5 percentage points; and the non-motor business in the primary P&C insurance business accounted for 48.0 percent, representing a year-on-year increase of 4.5 percentage points.
保赔再保险海外业务占比32.4%，同比提高1.5个百分点；保再保险国内新兴业务占比7.8%，同比提高0.9个百分点；国内保障类业务在生命健康再保险业务中占比37.6%，同比提高6.5个百分点；非汽车业务在主保业务中所占比重为48.0%，同比提高4.5个百分点。
Actively serving national strategies as innovation drove business developmentIn 2021, China Re Group's P&C net amount at risk in service of relevant national key strategies totaled nearly 2 billion yuan, representing a year-on-year increase of 28 percent; the market share of our health protection-type reinsurance business in service of the Healthy China strategy exceeded 40 percent, and nearly 200 new innovative products were added.
积极服务国家战略，创新驱动业务发展2021年，中再集团为相关国家重点战略服务的损益风险净额近20亿元，同比增长28%；为健康中国战略服务的健康保障型再保险业务市场份额超过40%，新增创新产品近200种。
In terms of expanding the supply of catastrophe risk protection, the Group actively responded to major disasters, and gave full play to the role of reinsurance catastrophe risk protection in natural disasters such as the Henan floods.
在扩大巨灾风险保障供给方面，集团积极应对重大灾害，在河南洪涝等自然灾害中充分发挥再保险巨灾风险保障作用。
In serving the Belt and Road construction, the China Belt and Road Reinsurance Pool provided risk protection for 16.1 billion yuan in assets of 19 overseas interest projects in its first year of operation.
在服务一带一路建设过程中，中国一带一路再保险池在运营的第一年就为19个海外权益项目的161亿元资产提供了风险保障。
Adhering to the development logic of "gather resources, build platforms, and create ecosystems" the strategy aims to build a new digital transformation landscape featuring "internal intelligence, direct reinsurance, and platform ecosystem".
该战略遵循“汇聚资源、搭建平台、打造生态系统”的发展逻辑，旨在构建以“内部智能、直接再保险、平台生态系统”为特色的数字化转型新格局。
It improved the functions of the overseas development and management committee, strengthened business planning and research, and realized underwriting profits in all of its three major overseas business platforms of P&C reinsurance.
完善海外发展和管理委员会职能，加强业务规划和研究，在其三大海外业务平台——保再保险——全部实现承保利润。
It established the China Reinsurance Research Institute, set up a new innovation incubation center, and strengthened prospective research and innovation management.
成立中国再保险研究院，设立新的创新孵化中心，加强前瞻性研究和创新管理。
It continued to build a strong base of reinsurance talent, with the Group's overseas reinsurance talent accounting for over 40 percent and its domestic reinsurance talent accounting for nearly a half in the industry.
持续夯实再保险人才基础，集团海外再保险人才占比超过40%，国内再保险人才占行业近一半。
China Re moved up from the seventh position to the sixth in the global reinsurance ranking, and for the first time, ranked among the Fortune Global 500 and the Top 500 Global Most Valuable Brands, making a good start for the high-quality development of the 14th Five-Year Plan (2021-25).
中国再保险在全球再保险排名中从第七位上升到第六位，首次跻身《财富》世界500强和全球最具价值品牌500强，为“十四五”（2021-25年）高质量发展开了好头。
Swiss Re Group, with its strong position in insurance, reinsurance, and insurance-based risk transfer, has vowed to use its expertise to support Shanghai in achieving higher goals as an international financial center during the 14th Five-Year Plan (2021-25).
瑞士再保险集团凭借其在保险、再保险和保险为基础的风险转移领域的领先地位，已承诺利用其专业能力支持上海在“十四五”（2021-2025年）期间实现更高目标，成为国际金融中心。
"The reinsurance sector can contribute to China and Shanghai's net-zero emissions target by participating in sustainable long-term infrastructure investments.
再保险行业可以通过参与可持续的长期基础设施投资，为中国的上海实现净零排放目标做出贡献。
"Reinsurance companies are risk absorbers.
再保险公司是风险承担者。
In 2020, the consolidated gross written premiums of the group increased by 11.5 percent to 161,574 million yuan, marking its solid position as the main reinsurance channel.
2020年，该集团合并总承保保费增长11.5%，达到1,615.74亿元人民币，巩固了其作为主要再保险渠道的稳固地位。
Of which, gross written premiums of P&C reinsurance increased by 13.8 percent year-on-year to 48,573 million yuan; gross written premiums of L&H reinsurance increased by 20.6 percent year-on-year to 66,957 million yuan; gross written premiums of Primary P&C insurance reached 48,167 million yuan.
其中，财产再保险分保费收入48,573百万元，同比增长13.8%；人身再保险分保费收入66,957百万元，同比增长20.6%；直接财产保险业务保费收入48,167百万元。
The group achieved a year-on-year premiums increase of 38.5 percent in the domestic P&C facultative reinsurance, and reinsurance premium income of its domestic P&C reinsurance emerging lines increased by 29.0 percent.
集团年内国内财产及意外再保险分入保费录得按年增长38.5%，而国内财产及意外再保险新业务线的再保险保费收入则上升29.0%。
Overseas P&C reinsurance premiums up 6.9 percent year-on-year, protection-type reinsurance premiums of domestic L&H reinsurance business scored 21.3 percent year-on-year increase.
海外财产再保险保费同比增长6.9%，国内人身意外再保险业务中的保障型再保险保费则实现了21.3%的同比增长。
The group actively served the BRI construction, promoted the establishment of the China Belt and Road Reinsurance Pool and served as chairman and managing entity, a total of 32 BRI memorandums of cooperation had been signed, covering 136 countries and regions, providing risk protection of approximately 350 billion yuan for more than 600 projects.
该集团积极参与“一带一路”建设，推动设立中国一带一路再保险共同体，并担任主席及管理实体，已签署32份“一带一路”合作谅解备忘录，覆盖136个国家和地区，为超过600个项目提供约3500亿元人民币的风险保障。
The group continued to deepen the construction of IDI platforms in Beijing, Shanghai and other places, such IDI platforms have cumulatively achieved premiums of over 4 billion yuan and a total coverage of over 100 million square meters; in 2020, the IDI reinsurance premiums were 401 million yuan, representing a year-on-year increase of 12.2 percent.
集团持续深化北京、上海等地IDI平台建设，IDI平台累计实现保费超过40亿元，总保障面积超过1亿平方米；2020年IDI再保险保费4.01亿元，同比增长12.2%。
China Re's Singapore branch obtained a L&H reinsurance license.
中国再保险公司的新加坡分公司获得了人寿再保险牌照。
With the eighth annual National Insurance Awareness Day falling on July 8, China Re Group, a State-owned reinsurer, is promoting the event via a variety of activities conveying the positive philosophy of reinsurance.
As a major force in the country’s reinsurance business, China Re is carrying out its promise of ensuring a good life for the people and is taking an active role in the country’s construction of the Healthy China 2030 plan, as well as efforts in poverty alleviation and the fight against the COVID-19 pandemic.
With expertise in the insurance and reinsurance sector, China Re has planned a guideline to provide clients with inquiries about the COVID-19 related insurance.
In addition, the group has also conducted measures to help work resumption, such as offering reinsurance for the country’s first insurance product specifically designed for work resumption of employees with flexible employment, and providing exclusive insurance plans for different sectors ranging from work resumption and medical staff to ICU patients.
The Swiss reinsurance company has purchased about 28.88 million GDRs, which have a three-year lock-in period.
On March 31, China Reinsurance (Group) Corporation — or China Re Group — held the 2019 Annual Results Announcement Online Press Conference in Beijing.
As the national player of the domestic reinsurance industry, China Re Group pushed forward the "One-Three-Five" Strategy in 2019, achieving rapid growth in premiums, significant profitability improvement, constant optimization of business mix and sound risk management.
Its gross written premiums recorded an increase of 18.6 percent, reaching 144,973 million yuan, making the group the world's seventh-largest reinsurer by reinsurance gross written premiums.
Among China Re Group's gross written premiums, gross written premium income of P&C reinsurance was 42,679 million yuan, representing a year-on-year growth of 47.4 percent; gross written premium income of life and health reinsurance was 55,526 million, representing a growth of 5.9 percent; and gross written premium income of P&C primary insurance was 48,730 million yuan, representing a growth of 14.3 percent.
33.9 percent of the P&C reinsurance business was international business, representing a year-on-year increase of 19.6 percentage points, 70.9 percent of the domestic P&C reinsurance business was non-motor business, representing a year-on-year increase of 5.8 percentage points; 33.5 percent of the domestic life and health reinsurance business was protection-type business, representing an increase of 7.4 percentage points; 42.2 percent of the P&C primary insurance business was non-motor business, representing an increase of 6.5 percentage points.
The group made continuous breakthroughs in its global layout, as China Re HK went into operation, China Re Singapore Branch received new life reinsurance license, and China Re P&C Malaysia Branch was approved by CBIRC for establishment.
While the detailed agenda of the new insurance company could not be released at this time, Bate said that they would like to bring their expertise in protection, risk management and reinsurance into the Chinese market.
On December 16th, 2019, China Reinsurance (Hong Kong) Company Limited (hereinafter referred to as "China Re Hong Kong") was officially authorized by the Insurance Authority to carry on reinsurance of long-term business in or from Hong Kong.
China Re Hong Kong is a wholly-owned subsidiary of China Life Reinsurance Company Ltd with a paid-up capital of HK $2 billion.
It is registered in Hong Kong and provides a full range of risk protection and customized reinsurance solutions for Asian and global markets.
China Re Hong Kong mainly operates a life and health reinsurance business, and offers a wide range of reinsurance products, such as life and health insurance, etc.
By providing treaty reinsurance and facultative reinsurance, it can transfer and mitigate insurance risks via a proportional or non-proportional reinsurance arrangement.
The company will develop the functions of risk management, technology advancement and financing in the scope of life reinsurance, as well as the "Belt and Road Initiative", and the construction of Guangdong-Hong Kong-Macao Greater Bay Area, so as to contribute to the prosperity and development of the insurance industry in Hong Kong and the Chinese mainland.
China Reinsurance Group launched a poverty-returning prevention insurance program in Xining, capital of Qinghai province, today.
”Yuan Linjiang, board chairman of China Reinsurance Group, said that the program aims to establish a steady mechanism for poverty alleviation, providing a comprehensive guarantee for residents' lives in Xunhua Salar autonomous county.
The insurance can cover 70,000 Xunhua people, nearly half of the county's population, and the amount of the risk protection fund exceeded 10 billion yuan ($1.41 billion), according to China Reinsurance Group.
“We have cooperated with the Xunhua government to simplify the claim process and ensure the insured can receive compensation as soon as possible,” said Chen Yong, CEO of China Continent Insurance, a subsidiary of China Reinsurance Group.
In the past few years, China Reinsurance Group has invested 4 million yuan to build a big data platform for the Xunhua ramen restaurants across the country, with 5G technology adopted to realize data centralization and remote management.
The other three investors are National Council for Social Security Fund (7 billion yuan), China Property & Casualty Reinsurance Co Ltd (2.8 billion yuan), and China Continent Property & Casualty Insurance Co Ltd (2.2 billion yuan).
During the visit, the chief of the Swiss reinsurance giant made good use of a conference break on a weekend and journeyed to the Great Wall.
Mumenthaler sees a huge protection gap in Asia and in China, which could generate greater demand for reinsurance products and services.
During the interview, the Swiss reinsurance chief shared his views on China's economic transition, the liberalization of the Chinese insurance sector and Swiss Re's roles in areas such as renewable energy, agriculture, and protection against natural catastrophes in the country.
What are the most positive trend and the biggest risk in the global economy this year, and what does it mean for the outlook of the reinsurance industry?
How do you see China's goal of pursuing higher-quality growth and what roles can reinsurance companies play in the process?
That same principle forms the foundation of the reinsurance industry, which champions sustainability and helps societies to become more resilient.
Reinsurance is a core part of the risk-taking and risk management process that is central to the success of China's transition to higher-quality growth.
What should China do to develop a safe and efficient insurance and reinsurance industry?
How do you expect China to further open its insurance and reinsurance sectors to foreign companies?
There is no doubt that an open and global reinsurance marketplace will create the most value for Chinese consumers.
How do you see the future of the reinsurance industry?
Munich Re, one of the world's leading reinsurance companies, has recently launched Smart Thinking Consulting Co Ltd in Beijing, an insurance solution firm which aims to deliver technology-enabled insurance solutions to its customers.
Wang Can, Chief Financial Officer of Fosun International, said several company's assets have turned around their operations in the first half, including Peak Reinsurance, ROC Oil and Portuguese bank Millennium BCP.
The China Reinsurance Catastrophe Research Center, the country's first research institution focusing on major disasters, was launched on Thursday, aiming to provide technology and services support for a solid catastrophe insurance system.
The center, created by the country's reinsurance giant China RE, will be committed to catastrophe data base building and modeling, developing insurance products and forging an information sharing platform, according to Zhou Junhua, head of the research center.
Reinsurance is an important part of the catastrophe insurance system, saidxa0Yuan Linjing, CEO of China RE.
The summit highlighted the importance of technology for insurance and reinsurance companies.
Ivan Gonzalez, CEO of reinsurance and country president at Swiss Re China, said the Chinese government has some flexibility from a policy perspective to cope with external and domestic challenges, which will help the economy grow by around 4.5 percent this year based on the reinsurer's forecast.
"I know China will continue to open up and will continue to integrate (with the rest of the world), but I think from where we stand today, it is already a very open, friendly and good place to do business," said Paul Murray, CEO of life and health reinsurance at Swiss Re, a global reinsurer.
瑞士再保险全球人寿与健康再保险业务首席执行官保罗·默里表示：“我知道中国将继续对外开放，并不断融入世界，但从我们今天所处的位置来看，中国已经是一个非常开放、友好且适宜开展业务的好地方。”
Ivan Gonzalez, CEO of reinsurance and country president of Swiss Re China, said the Chinese government has some flexibility from a policy perspective to cope with external and domestic challenges, which could help China's economy grow by around 4.5 percent in 2024 based on the reinsurer's forecast.
The establishment of the Shanghai Reinsurance Hub is a prime example and we are glad to be a part of this milestone.
On Aug 14, AXA Tianping Shanghai Reinsurance Operation Center received approval from the National Administration of Financial Regulation, making us one of the first insurers to have a presence in the International Reinsurance Trading Center in Lingang New Area (in Shanghai).
Looking ahead, AXA Tianping will move the reinsurance functions of the group office to Shanghai.
We will also consolidate reinsurance resources and functions across various departments, including finance and business, to take full advantage of a centralized platform to improve operational efficiency and streamline workflows.
We strive to help promote the high-quality development of China's insurance and reinsurance industry in areas such as risk management, underwriting capacity and service level, thus contributing to social prosperity and stability.
Recently, we became one of the first insurers to have a presence in the International Reinsurance Trading Center in Shanghai.
To enhance the infrastructure and operation of the reinsurance market, the center is dedicated to developing a new forward-looking reinsurance transaction system through digitalization and utilizing the reinsurance registration, clearing, and settlement platform.
To expand supply and deepen innovation of reinsurance products, it is crucial to establish a data exchange and resource integration system that will improve reinsurance underwriting capabilities and service quality.
We expect more supportive policies to be introduced for the center to enhance its position as a global reinsurance hub equipped with advanced technology, capital and talent.
The WEF's survey, "Chief Economists Outlook," was based on 22 responses from a group of senior economists drawn from international agencies, including the International Monetary Fund, investment banks, multinationals and reinsurance groups.
China first piloted transferring State assets in five centrally-administered firms and financial institutions including the China Unicom and China Reinsurance Group in 2018.
The authorities also called for active development of agriculture insurance and reinsurance.
By working more closely with insurers in the Hong Kong and Macao special administrative regions, Hainan should seek opportunities in offshore reinsurance businesses.
People's Insurance Co (Group) of China Ltd is planning to set up its reinsurance center in central Shanghai's Huangpu district.
Specifically, the average comprehensive solvency ratio of property insurance companies, life insurance companies, and reinsurance companies stood at 224.6 percent, 178.7 percent, and 275.2 percent, respectively.
Insurance companies that would like to provide the two new products should be qualified, with stable agricultural reinsurance arrangements.
有意提供这两种新产品的保险公司，应具备资质且拥有稳定的农业再保险安排。
Insurance premium growth will remain positive in 2020, and bounce back strongly after a COVID-19 induced slump, particularly in China, research from the world's leading reinsurance company Swiss Re showed.
Insurance companies perform reinsurance by buying OTC (over the counter) options from futures brokerage companies.
In October, 18 Chinese insurance companies and reinsurance companies－including PICC－also established an alliance in Shanghai to offer insurance services for chip companies to help them innovate.
Financial giant keen on opportunities given broader catastrophe coverageAmid a more complicated geopolitical environment, Munich Re, a global leader in reinsurance, still sees China as an increasingly important market as the business opportunities it offers remain promising.
In essence, reinsurance is a type of insurance business whereby a reinsurer offers coverage to other insurance companies, allowing them to transfer a portion of their insured risks to it.
According to Munich Re's estimate, about 5 percent of natural catastrophe risks in China currently are covered by insurance or reinsurance, up from roughly 3 percent two decades ago.
"The need for reinsurance and the need for global expertise in China is unchanged.
Swiss Re, another global leader in reinsurance, has also expressed optimism about the Chinese market.
Paul Murray, CEO of life and health reinsurance at Swiss Re, recently told China Daily that the country's robust economic growth and expanding middle-income population are driving the rapid growth of China's insurance market.
Of this, reinsurance companies contributed 769.2 billion yuan.
These two companies have received authorization to conduct insurance brokerage businesses, including working on insurance plans for policyholders as well as reinsurance brokerage, in the Chinese mainland.
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