About Huatai
Founded in 1993, first licensed national insurance
intermediary in China
Joint venture by three state owned enterprises - China Re,
China Taiping and Energy China
Revenue over RMB610million in 2023 with 395 staff (up to
June 1st 2023)
Exclusive Lloyd’s agency and correspondent of 12 P&I clubs
in mainland China since 1993
Service network extended to 119 countries and regions.
24 hours / 7 days response available.
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Strength of Huatai shareholders
China Re Group is the only one indigenous
reinsurance group in China, and it has the
complete insurance industrial chain of
reinsurance, direct insurance, asset management,
insurance brokerage, etc.
These three shareholders are all listed in the top
Fortune 500 global enterprises in 2021
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Our services
Strength of Huatai shareholders
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Ministry
of Finance
Central Huijin
Investment Ltd.
China Reinsurance (Group)
Corporation
Huatai Insurance Agency &
Consultant Service Ltd.
Main channels of the reinsurance
market in China
Influence
Scale of premiums of reinsurance
Ranking the first in Asia and the sixth
place in the world
Strength
The only one state-owned reinsurance
group in China
Status
Full closed-loop service
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Risk identification and
transfer suggestion
Insurance scheme design
Insurance procurement
Reinsurance placement
Policy management
Risk prevention
Claim support
Overall risk management
Flagship projects in Belt and Road Initiative
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•Country:Vietnam
•JAKS Hai Duong 2X600MW thermal power plant
•Contract value: USD1.8billion
•Invested by China and Malaysia
•Service during construction and operation
•Country:Thailand
•Bangkok-Nong Khai HSR project
•Contract value: RMB10billion
•Cooperation between China and Thailand
•Service during trackwork and E&M contract
Flagship projects in Belt and Road Initiative
13
•Country:Israel
•Ashdod port in Tel Aviv
•Contract value: USD950million
•Contracted by CHEC
•Service during 90 months construction
•Country:Mozambique
•Maputo Bridge project(longest span in Africa)
•Contract value: USD600million
•Contracted by CRBC
•Service during construction period
Flagship projects in Belt and Road Initiative
14
•Country:Korea
•Nakwol 364.8MW Offshore Wind Farm
•Contract value: USD1.5billion
•Contracted by Energy China
•Service during construction
•Country:Pakistan
•Karot 720MW hydroelectric power plant
•Contract value: USD1.74billion
•Invested by China Three Georges Group
•Service during operation
Our services
Chinese market overview
Number of insurers in Chinese market
Non-life Life
Insurer Written
Premium
Market
Share
PICC 485.4 32.6%
Ping’An P&C 298 20.0%
CPIC P&C 170.8 11.5%
China Life P&C 98.3 6.6%
China Union 60.3 4.0%
CICC 46.1 3.1%
Sun Shine 40.38 2.7%
Taiping P&C 28.3 1.9%
Zhong’An 23.6 1.6%
Hua’An 16.7 1.1%
Total 1267.88 85.1%
Top 10 Non-life insurers in 2022
Note:total written premiums in 2022 for all non-life insurers are RMB 1490billion, with 8.92% growth compared to 2021 16
Project Owner or Contractor
Lead reinsurer
(In China)
Local Cedent
(Retaining small share)
Reinsurer A
(In China)
Reinsurer B
(In China)
Reinsurer X
(In China)
Huatai's services
with local support
Issue local policy
after receiving premium
Provide reinsurance support to Cedent
and earn reinsurance premium
Attain coverage
upon premium payment
Most risk ceded to one or more Chinese reinsurers
Insurance placement structure
Note:local lines including workers compensation, employer’s liability, auto
liability and other applicable insurance are purchased directly from local market
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No Area
Project or client
category
Insurance type Claim amount Settlement year
1 Myanmar
Hydropower station
operation
Political Risk USD 190,000 2017
2 Cameroon Road construction Political Risk CNY 12 million 2016
3 Southeast Asia Garment factory Political Risk CNY 2.5 million 2017
4 Brazil
Marine engineering
platform
The first (set) equipment
insurance
CNY 34 million 2017
5 Antarctic region
Scientific investigation
station construction
Marine Cargo CNY 3 million 2016
6 South Asia Finished garment factory Property insurance CNY 5 million 2017
7 Middle East Pipeline construction Engineering insurance CNY 200,000 2018
8 Indonesia Ship building Shipping credit insurance CNY 17 million 2018
9 Singapore Ship salvage Hull and Machine USD 100,000 2018
10 Zimbabwe Hydropower construction Marine Cargo CNY 1.76 million 2018
11 Vietnam Offshore wind power Marine Cargo USD 390,000 2022
12 Vietnam Thermal power plant MBBI over USD 10million ongoing
Partial overseas claim experience
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