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Mitsui Sumitomo Insurance to help firms in China's Guangdong trade abroad


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Mitsui Sumitomo Insurance to help firms in China s Guangdong trade abroad
共同通信社
© 共同通信社
Japan s Mitsui Sumitomo Insurance Co. has developed a risk management scheme for companies in China s southern province of Guangdong to help their trade and investment abroad.
The risk management platform, developed by the company s wholly owned local subsidiary, Mitsui Sumitomo Insurance (China) Co., is intended to support Guangdong firms in cooperation with the provincial government s related departments, the Japanese nonlife insurer said Thursday.
Specifically, the platform allows Guangdong companies to collect overseas risk information and seek insurance cost estimates.
Insurance policies currently available under the scheme are liability insurance for products manufactured abroad and overseas travel insurance, with cargo marine insurance scheduled to be added in the future. ....

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Max Life Insurance expects over 11% business growth in FY21: CEO


Outpacing the industry s growth at 11 per cent during nine months to December 2020 amidst the pandemic, Max Life Insurance hopes to post even better numbers at the close of 2020-21 on the back of strong distribution network and digital expansion, the company s top official said.
Max Life outperformed the private sector life insurance industry as well as top-three private players in the first nine months of 2020-21, wherein top-10 private players de-grew by 5 per cent.
At the end of nine months of this fiscal, we have grown at about 11 per cent. And, we hope that the number will get accelerated further. We are expected to grow higher than 11 per cent (by the end of March 2021), Max Life Managing Director and CEO Prashant Tripathy told in an interview with PTI. ....

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