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Insurance Coverage for 5th CIIE Totals USD165 Billion 2022-11-06
Insurance Coverage for 5th CIIE Totals USD165 Billion
The insurance coverage for the fifth China International Import Expo, held from Nov. 5 to Nov. 10 at the National Exhibition and Convention Center in Shanghai, reached CNY1.2 trillion (USD164.8 billion), versus CNY35 billion (USD4.8 billion) for the first CIIE.
To ensure that operations at the CIIE venue run smoothly, China Pacific Insurance will provide insurance plans covering property, machinery damage, operating interruption, visitors, employers, and professional liabilities, and artworks worth a total of CNY25.7 billion.
China Pacific Insurance also created a one-stop CIIE Insurance custom package made of 16 basic and four special guarantees for all participants, including organizers, exhibitors, buyers, and supply chain service providers.
Considering that this year's expo will be held in accordance with Covid-19 prevention and control measures, the insurance plans will cover all risk protection aspects, Zeng Yi, general manager of China Pacific Insurance Group's property insurance business, told Yicai Global.
The insurance coverage for Covid-19 death liability jumped 25 percent this year from 2021. A plan specific for Covid-19 vaccine-related death was also added, with compensations of CNY250,000 (USD34,350) per person.
Source: Yicai
Application Status
| 04-16 | 21315227 | Processing |
| 03-12 | 21315226 | Processing |
| 09-26 | 21315225 | Processing |
Inquiry Status
| 02-29 | 02131558 | Received |
| 03-06 | 02131557 | Received |
| 11-14 | 02131556 | Received |
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