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China’s first online shipping insurance transaction platform launched

China’s first online shipping insurance transaction platform has been officially launched in Nansha, Guangzhou.

Nansha, a transportation and economy hub of Guangzhou, is developing a maritime industry chain including international trading, shipping exchange, shipping finance, maritime service and shipping insurance.

The platform is jointly set up by Shanghai Insurance Exchange, Guangzhou Shipping Exchange Company, PICC Property and Casualty Company Limited Guangdong Branch, China Ping An Property Insurance Guangdong Branch, China Pacific Property Insurance Company Guangdong Branch and China Dadi Property Insurance Guangdong Branch.

The online shipping insurance transaction platform will focus on the research and development of shipping insurance business in Great Bay Area and service for local shipping industry, and it will further expand service scope and develop cross-industry data consolidation.

The Great Bay area, includes Hong Kong, Macau and nine cities in Guangdong province, aiming to develop the eleven cities of Hong Kong-Macao-Guangdong into a leading international innovation & technology hub.