Shanghai World Expo provides that the three insurance companies eventually settled. October 20, 2010 Shanghai World Expo insurance co-insurance provisions of the three-signing ceremony was held, from all over the country's 12 insurance companies will share the Shanghai World Expo property insurance, construction and installation of exhibits, as well as insurance and works of art Three insurance provides insurance. It is estimated that Shanghai World Expo will be as high as the total insured amount 5,000,000,000 yuan.
China People's Insurance Community accounted for 60% share
It is understood that on April 16, 2007, the State Council officially approved the Shanghai World Expo provides insurance programs. July 17, 2007, the World Expo insurance working group for the national assembly public property insurance, construction and installation of insurance, as well as art exhibits and insurance provisions of the three insurance companies, there are a total of 25 candidates took part in the property insurance companies. National final 12 short-listed insurance companies, co-insurance component of the Expo provides a total security body.
Chinese People's Property Insurance Co., Ltd., general manager of customer focus, said Li Hui, China People's Insurance as the Shanghai World Expo insurance partners, but also insurance Expo chief insurer, in the Community holds 60% share.
Bureau of International Expositions in accordance with the requirements of the entire World Expo insurance consists of three parts, namely, the statutory insurance, provides insurance and commercial insurance.
Co-insurance-benefit model to improve the eco-industry
Shanghai World Expo Coordination Bureau Wu Yunfei, deputy director in an interview that the body of co-insurance model, similar to the 12 companies to form a cooperative, savings can be various forces, fortune and can play a long, in addition, after the formation of Community Strong underwriting strength and improve protection factor, to avoid risks.
Prior to that, Expo organizers had issued a preliminary standard rate, insurance rates for the Construction 0.283%; property insurance rates, buildings and structures to 13.80 yuan per square meter, equipment, facilities, internal decoration And ancillary facilities, goods, daily necessities and other property at a rate of 0.39 percent; exhibits works of art and the lowest rate of insurance within 30 days of 0.2 percent, machine-risk 30-day minimum loss rate of 0.1%.
It has been revealed that the overall level than in 2005 Aichi Expo low rate of about 20%, but still much higher than the national standard.
Wu Yunfei said that at present, various insurance policies for a very intense, with each other to keep the prices down, there is the difference between foreign and 3-5 times the difference is not conducive to the development of the whole industry. A total of security-mode, will be conducive to China's insurance industry to avoid disorderly competition and encourage the healthy development of the industry.
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