Brief: China Reinsurance Says Giving Full Play To Protection Function Of Reinsurance

China Reinsurance (Group)

25/10/2022 16:07

Oct 25 (Reuters) - China Reinsurance  1508.HK :
    * ANNOUNCEMENT ON ACTIVELY SERVING REAL ECONOMY WHILE GIVING
FULL
PLAY TO PROTECTION FUNCTION OF REINSURANCE
    * PROVIDED CUMULATIVE REINSURANCE COVERAGE OF OVER RMB500
BILLION
FOR "AGRICULTURE, RURAL AREAS AND FARMERS"
    * AS OF END OF SEPT, GROUP PROVIDED RISK PROTECTION OF
RMB130.96
BILLION FOR NATIONAL SCIENCE & TECHNOLOGY INNOVATION
    * AS OF END OF SEPT CO  PROVIDED RMB163.62 BILLION FOR
INDUSTRIAL
OPTIMIZATION AND UPGRADING
    * INCREASED INSURANCE COVERAGE IN AREAS SUCH AS OCEAN
ENGINEERING,
RAIL TRANSIT AND ENVIRONMENTAL PROTECTION EQUIPMENT
    * WILL FURTHER INCREASE SUPPORT FOR REAL ECONOMY AND
INTEGRATE
SERVING REAL ECONOMY
    * AS OF END OF SEPT, REINSURANCE BUSINESS PROVIDED COVERAGE
OF
OVER RMB500 BILLION FOR FULL LIFE-CYCLE OF DOMESTIC NUCLEAR
POWER PROJECTS
    * PRIMARY INSURANCE BUSINESS PROVIDED PROTECTION OF OVER
RMB220
BILLION FOR ENTERPRISES & CONSTRUCTION PROJECTS INVOLVED IN
GREEN ENERGY

Further company coverage:  1508.HK 
 ((Reuters.Briefs@thomsonreuters.com;))