13 single Libya investment insurance coverage only 5.68%

Funded insurance "go" still weak economic Herald reporter Yu Chuan Jinan reported Libya since the war broke out for several months, China overseas investment projects caused hundreds of millions of dollars in economic losses. Economic review reporter was informed that China export credit insurance corporation as part of the enterprise the Libya investment project risk protection. However, statistics show that in 13 single Libya investment project, insurance coverage only for 5.68%. In addition, there are many private enterprises in the Libya investment losses have not yet surfaced. Overseas investment of Chinese enterprises face the risks become apparent. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends of zhongyangcaijingdaxue insurance, Dean said in an interview with Herald reporters Hao Yansu, a long time, China's insurance industry just content to occupy the domestic market, baiyujia Chinese-funded insurance companies in the "go" on the issue of slowness, and compared to the banking sector, weak domestic insurance industry as a whole have seen overseas expansion. $ 1.5 billion in direct economic losses Herald reporter was informed that Libya political turmoil, major overseas investment losses, stranded, including contract project stopped, resident Chinese attacks, massive withdrawal, loss no less than hundreds of millions of dollars. Published by the Ministry of commerce statistics show, before ending this unrest, Libya has 75 50 engineering contract project contractors of Chinese enterprises, involving an amount of us $ 18.8 billion. According to the current exchange rate conversion, equivalent to more than 120 billion yuan. According to statistics, as of now, in Libya in internal conflicts, owned enterprises in more than 10 people were injured, corporate site, camp attacked robbery, up to 1.5 billion yuan in direct economic losses. Subsequently, my Government to ensure that Libya lives and property of ethnic Chinese, sent land, sea and air forces, withdrew over more than 30,000 Chinese staff, at a cost of about $ 300 million RMB. Herald reporters learned, these statistics have not been many private enterprises in Libya, investment loss statistics, coupled with the withdrawal of more than 30,000 employees of domestic Chinese staff problems, loss of salary problem of rehousing and compensation issues arising therefrom, loss amounts would be far greater than the above statistics. Overseas expansion slow Hao Yansu Wizard newspaper reporters, dependence on international trade in our country at present is close to 70%, with the degree of opening up to the rising face of the real economy "going", China's insurance industry should adopt "go" support our capital investment and overseas development. However, the domestic insurance industry but hesitate, only a very small number of insurance companies were established in some countries and regions overseas branches. "Overseas investment in order to protect domestic companies and the lives and property of citizens, many large international insurance group investment insurance agency was established around the world, engaged in overseas insurance business. 200 years ago the British insurance brought this model of service to our country, is to protect the needs of its capital to China. "Hao Yansu says. Herald reporter learned that large insurance groups currently overseas investments in the Mainland to set up a total of 20 and 26 home property insurance company life insurance company, insurance institutions in the country, however, only very few companies such as protection, Turbo and peace were established in some countries and regions overseas branches. In August 2008, Taiwan Cathay Financial Group subsidiary Cathay life insurance, and Cathay Pacific Century Insurance jointly invested 400 million dollars, Cathay Pacific property insurance was established in Shanghai, the company set up specifically stated at the beginning when "mainly to serve Taiwan businessmen", currently in Jiangsu, Zhejiang, Fujian, Guangdong, and Shandong, has set up a branch of the Taiwan capital intensive. Hao Yansu thinks, and banking, compared to China's insurance industry in the "go" on the issue of slowness. At present, China's banking industry was established in more than 50 countries and regions in the world has nearly 2000 branches and overseas development of enterprises in China as the main customers.