Our insurance brokerage business is operated by Sinochem Insurance Brokers Co., Ltd. (Sinochem Insurance Brokers), a subsidiary of Sinochem Capital. Covering direct insurance brokerage, risk consulting services, and reinsurance brokerage, Sinochem Insurance Brokers customizes insurance solutions for enterprises after holistically analyzing business risks, corporate risk preference and cost budgeting; selects appropriate insurance products for customers in domestic and foreign insurance and reinsurance markets; and assists clients solving problems in claim settlement through professional services.
Major insurance products and service include:
Enterprise property insurances, which includes all-risk property insurance, machinery breakdown insurance, cargo transportation insurance, business interruption insurance, employee loyalty insurance, cash insurance, ship insurance, and kidnap and ransom insurance; Engineering insurance, which includes all-risk construction insurance and project completion insurance; Liability insurance, it offers public liability insurance, environmental liability insurance, employer’s liability insurance, product liability insurance, and directors’ and officers’ liability insurance; Guarantee insurance, includes customs bonds insurance and litigation property preservation insurance; Health insurance covers accidental life insurance, critical illness insurance, supplementary medical insurance, and personal medical insurance; Reinsurance: facultative business. As for risk consulting services, Sinochem Insurance Brokers provides risk investigation and risk consulting services to reduce the probability of risk occurrence as a “medical examiner” for enterprises through risk prevention. For reinsurance brokerage, Sinochem Insurance Brokers provides all-round reinsurance brokerage and consulting services for ceding companies, and helps manage and transfer risks by means of facultative reinsurance, such as engineering insurance, liability insurance, and property insurance.