China Re Group seeks progress, high-quality growth

Serving national strategies

China Re in 2021 provided assistance to the disaster management and dual-carbon strategy, launched the first catastrophe bond,set a precedent for catastrophe risk securitization in Hong Kong and supported nuclear power enterprises to reduce carbon emissions by 302 million metric tons.

As for assisting the Belt and Road Initiative, the Belt and Road reinsurance pool provided special risk protection for 19 of China's overseas projects, participated in the China-Laos Railway project and provided 39 billion yuan ($6.16 billion)reinsurance protection for nearly 300 China's overseas projects.

China Re helped to facilitate the Healthy China strategy with full support in more than 50 projects covering over 50 million people and risk protection for critical illness insurance and long-term care insurance for more than 46 million people accumulatively.

Moreover, the company assisted in the rural revitalization strategy by providing risk protection for 2.54 million people in 28 provinces through poverty eradication insurance.

It also undertook policy-supported agriculture insurance business to expand reinsurance business of commercial agricultural insurance and provided risk protection of 110 billion yuan.