22. März 2 days Zhejiang Chint Electric Co., China Export & Credit Insurance Bureau of Wenzhou has received written notice Pei-fu, and will be officially received 15 million yuan of losses claimed on export credit insurance. It is assumed that this is the last year the largest single Wenzhou export credit insurance, the amount of compensation.
22nd März 2 days Zhejiang Chint Electric Co., China Export and Credit Insurance Bureau of Wenzhou has received written notice Pei-fu and is officially welcomed 15 million yuan of losses are claimed on export credit insurance. It is assumed that this is the last year the largest single Wenzhou export credit insurance, the amount of compensation.
Since last year the international financial crisis, the international credit market environment deteriorates, the risk of a sharp increase in world trade. The purchase of insurance of export credits is a way for companies to avoid risks effectively, can through various means of credit insurance are found in reducing the commercial risk and political risk. Where to buy business insurance and export credit insurance, if the buyer or the importing countries are experiencing a kind of unfair treatment the government, all insurance companies. Chint Electric has reportedly long history of export credit insurance cover. The operations of the company exports to Cuba, met with the exchange rate risk on exports. China Export & Credit Insurance for claims under the relevant insurance regulator has, officially, the timely payment of 1,500 decided Chint Electric dollars in insurance claims of export credit insurance risk Chint Electric Cuba exchange for export can be effectively avoided.
It is understood that since last year, companies to export to Wenzhou in the number of insured export credit insurance company is foreign trade losses reported during the outbreak is most concentrated. So far, the city of Wenzhou, Wenzhou Import & Export Joint Company and Overseas Engineering Corporation, Swiss new band optical company in the love Wenzhou Foreign Trade in China also received about 6.8 million yuan of export credit insurance, 5.8 million yuan, 460 million Euro and major compensation for 4.5 million yuan, which greatly reduces the loss of export credits, guarantees stability operations.
The China Export & Credit Insurance belt Wenzhou office of the introduction of credit insurance for export is a political instrument to support the government in exports, the export capacity of enterprises to improve their controls are effective, since 27 May last meeting of the Executive Board of the State, the policy of export credit insurance brave as a stable external demand since the first measurements took office determined responsible for the policy, a strong positive reaction to the underwriting head cover, foreign trade enterprises in Wenzhou, the amount of export increased risk for significant changes in the size of 220 million U.S. dollars in 2008 increased to $ 860,000,000 in 2009, while the combined ratio increased by 151% in 2008 to 253% in 2009.
Credit Insurance