Captive News

Global captive market updates, regulatory news and industry insights

中石油专属欲设立昆仑保险公司：中意财险渐尴尬

近日，《中国经营报》记者获悉，中石油专属保险公司（以下简称“中石油专属”）将发起设立昆仑保险公司，这将是一家财产保险公司，牌照暂未获得中国保监会的批复。据了解，中石油的保险版图包括，中意财险、中意人寿、中石油专属三家专业的保险公司。此外还包括，昆仑保险经纪公司、竞盛保险公估两家保险中介公司。

2016-11-12

Author：Editorial Team
CNPC Captive Property Insurance Completes Shareholder Change

On September 5, 2016, according to the document CIRC Approval [2016] No. 873, CNPC Captive Property Insurance Co., Ltd. completed a shareholder change. China National Petroleum Corporation transferred its 2,000,000,000 shares in the company to CNPC Capital Co., Ltd. free of charge. After the transfer, China National Petroleum Corporation holds 550,000,000 shares, representing 11% of total share capital; CNPC Capital Co., Ltd. holds 2,000,000,000 shares, representing 40% of total share capital; and PetroChina Company Limited holds 2,450,000,000 shares, representing 49% of total share capital.

2016-09-12

Author：Editorial Team
CNPC Captive Insurance: A "Tailor-Made" New Risk Management Platform

On December 20, 2015, a sudden landslide struck the Hengtaiyu Industrial Park of the Eastern Pipeline in Shenzhen, damaging pipeline facilities tasked with supplying gas to Hong Kong. CNPC Captive Insurance Co., Ltd. ("CNPC Captive") immediately contacted the enterprise on its own initiative and made emergency arrangements: it arrived at the site for survey on December 21, and disbursed an advance claim payment of RMB 10 million on December 22 to support the enterprise's rescue and relief work and early resumption of production. Such a rapid claims response and decisive advance payment is rarely seen in the domestic insurance market.

2016-08-31

Author：Editorial Team
CIRC Issues Regulatory Requirements on Security Measures Provided by Offshore Reinsurers

To guard against the credit risk of offshore reinsurers, the CIRC recently issued the "Notice of the China Insurance Regulatory Commission on Matters Concerning the Provision of Security Measures by Offshore Reinsurers (Draft for Comments)" (hereinafter the "Notice"), regulating the provision of security measures by offshore reinsurers and promoting the sustained and healthy development of the reinsurance market.

2016-08-31

Author：Editorial Team
Greater Regulatory Differentiation Urgently Needed for Captive Insurer Development

Although establishing a captive insurer can expand coverage, increase underwriting flexibility, save premium expenses and reduce insurance costs, strengthen risk control, centralize insurance management, improve corporate cash flow and enhance capital utilization—and has become the common choice of 80% of Fortune Global 500 companies—the captive insurance market in China is still in its infancy. Domestically there are only two institutions, CNPC Captive Property Insurance Co., Ltd. and China Railway Captive Insurance, while offshore there are only a handful of captive insurers established in Hong Kong, such as the CNOOC captive, the Sinopec captive and the CGN captive.

2016-08-03

Author：Editorial Team
国内自保公司队伍拟再扩容

与成熟市场相比，我国的自保市场发展较晚，目前的市场体量也还较小，但从发展趋势来看，我国自保市场必然将扩容。记者了解到，目前，大唐集团、中远海运等企业或正在计划申请设立自保公司。

2016-07-29

Author：Editorial Team
Railway Captive's Disaster Prevention and Loss Control Services Well Received

Since its establishment in early July 2015, China Railway Property Insurance Captive Co., Ltd. (hereinafter "the company") has positioned itself as a professional risk management tool of China Railway Corporation. By thoroughly studying the various risks faced in railway production, operation and construction, the company has provided railway enterprises with quality risk control management services and insurance protection while continuously enhancing its own value, achieving steady development.

2016-07-27

Author：Editorial Team
UK Insurance Industry Worries Brexit Will Affect Captive Business

On June 23, 2016, the UK voted in a referendum to leave the European Union and will face the question of whether to join the European Economic Area and whether its financial services sector will continue to enjoy "passporting rights", which will create uncertainty for the development of the UK's captive insurance business.

2016-07-17

Author：Editorial Team
自保公司发展面临重重挑战

对中国企业而言，“自保公司”是一个陌生的名词。但从全球范围看，设立自保公司正成为大型企业，尤其是跨国企业进行风险管理的重要手段。在近日由泛亚风险与保险管理协会主办，苏黎世财产保险(中国)有限公司和韦莱保险经纪有限公司共同协办的一场企业风险管理论坛上，专家表示，成立自保公司能使母公司减少受保险市场周期性的影响，助力企业稳定运营，同时能改善现金流，减少对外保费支出，降低总的风险成本。

2016-07-15

Author：Editorial Team
中国保险学会、喀什经济开发区和中国自保网共同签订战略合作协议

2016年6月25日，第十二届新疆喀什·中亚南亚商品交易会2016中巴经济走廊·喀什论坛6月25日中巴经济走廊起点新疆喀什市举行，中国保险学会、喀什经济开发区和中国自保网共同签订战略合作协议，共同推动中国自保市场发展。

2016-06-28

Author：Editorial Team

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