Shanghai: China’s first professional marine insurance association, Shanghai Institute of Marine Insurance (SIMI) has been officially launched yesterday.
The members of the institute include domestic companies PICC, CPIC and Ping An Insurance, and foreign companies Lloyd’s, Sumitomo Mitsui and Allianz.
Jiang Caishi, vice president of PICC will be the first president of SIMI.
“The establishing of SIMI will help enhance the level of China’s marine insurance industry, facilitate the training of marine insurance talents and support the development of Shanghai Free Trade Zone,” said Pei Guang, director general of Shanghai Insurance Regulatory Commission. [27/12/13]