Business / Markets

Insurance brokerage to protect Chinese firms overseas

By Hu Yuanyuan ( Updated: 2013-01-17 17:40

An international insurance brokerage association was established in Beijing on Thursday, with an aim to better protect Chinese enterprises' interests at a time when more of them are expanding globally.

Jiang Tai International Associates, was started by Jiang Tai Insurance Brokers Limited, China's first insurance brokerage firm.

Thirty-seven international brokerage firms signed cooperation deals with Jiang Tai to become a member associate.

The aim of the new association is to bring together some or all of the insurable exposures faced by a company and its subsidiaries around the world into one insurance program, especially because more Chinese enterprises are stepping up their overseas expansion.

Meanwhile, the alliance can also help Jiang Tai operate on an international scale and reach difficult locations around the world where there is a presence of Chinese investments and contractors.

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