Multinationals on China | CEO of Generali China Insurance: China’s Insurance Market Is Vital

2024年11月21日 12:21 南方财经全媒体集团见习记者梁旭琦

南方财经全媒体记者林汉垚上海报道

In an exclusive interview with SFC reporter, Yinghui Yuan, CEO of Generali China Insurance, shares his perspective on China's evolving insurance market and the opportunities created by recent opening-up policies.

Yuan highlights that the Chinese government’s recent policies to further open up both the economy and the financial sector provide significant opportunities for international companies. Generali China Insurance, having successfully transitioned to a fully foreign-owned company in China, is now well-positioned to leverage its global expertise and networks to support Chinese companies investing abroad. This is particularly true in regions such as Latin America, where Generali is helping Chinese businesses manage risks in large-scale wind and solar projects through local policies and claims management.

He emphasizes that the opening-up policies benefit not just foreign companies but also strengthen the global presence of Chinese businesses, creating a win-win situation in the context of globalization. With China’s insurance market already being the second-largest in the world, Yuan sees immense growth potential.

Looking ahead, Yuan is confident that China’s leadership in innovation will continue to play a critical role in shaping the future of global insurance markets.