CCTV news: The State Financial Supervision and Administration Bureau and the Shanghai Municipal People's Government issued "Several Measures on Accelerating the Construction of Shanghai International Reinsurance Center" on July 7.
The focus will be on accelerating the construction of the reinsurance market ecosystem, stimulating business activity, and enhancing the level of protection for major projects to accelerate the construction of the Shanghai International Reinsurance Center.
"Several Measures" proposes to guide the layout of institutions and promote the concentration of market factors; improve unified registration and accelerate platform construction.Promote the unified registration of reinsurance contracts, compensation and other information by domestic insurance institutions in the reinsurance registration and trading center; accelerate the optimization of on-site trading functions, improve standardized reinsurance contracts and bills, and promote the construction of an efficient and transparent digital trading platform; support reinsurance institutions in increasing capital and stock and issuing capital supplementary instruments.Guide the insurance industry to aggregate underwriting capabilities around major national project construction, strategic emerging industries and other fields.Support reinsurance institutions to provide risk reduction services for the insurance industry.Explore and expand diversification channels for special risks such as catastrophe risks.
At the same time, relying on the advantages of the Lingang New Area in the cross-border field, we will attract insurance institutions to expand more incremental markets and improve their cross-border incoming business management capabilities.
