Shaoxing Insurance Industry Provides Life Cycle Risk Guarantee For Textile Industry

"Thanks to Ping An insurance, he helped me recover the loss", the director of Shaoxing controlled Textile Co., Ltd. said when he received the executive money. When a lawsuit was filed for preservation, the United States insurance company insured the insurance liability insurance of Shaoxing central branch company, which helped the company recover nearly 200 thousand yuan of losses.

Since 2019, the Zhejiang banking regulatory bureau has been trying to guide the insurance industry to return to its original position, focus on its main business, and give full play to the insurance protection function. It will enhance the quality and efficiency of the insurance service enterprises and support the sustained and healthy development of the real economy around the structural reform of the supply side. On the one hand, we should give full play to the functions of long-term insurance funds, financing and credit enhancement, and actively explore new products and models suitable for Shaoxing's real economy, and provide various kinds of credit enhancement services. On the other hand, we should strengthen the information sharing of Bancassurance institutions, and provide targeted insurance products and services for the risks faced by small and micro loan enterprises in their daily operation. Shaoxing silver insurance supervision branch actively responds to the call of Zhejiang silver Insurance Regulatory Bureau, strengthens supervision and guidance, combines the activities of "service economy upgrading year", and guides Shaoxing's insurance industry to "perfect mechanism and precise supply", and strive to solve the obstacles of restricting the institutional mechanism of financial service entity economy, strengthen the support for local characteristic industries, and provide more precise, professional and efficient insurance services.

As the pillar industry of Shaoxing, the textile industry has a good foundation for development and a complete industrial chain system. It has become a well-known brand in the domestic and foreign markets. In order to help the textile industry grow bigger and stronger, do better and make the best, the Shaoxing silver Insurance Supervision Bureau will guide the insurance organizations in the city to play the risk management function of insurance, provide risk guarantee for the whole life cycle for the private textile enterprises, and give positive and effective support to the further development of the textile industry.

Many textile enterprises under the jurisdiction of Shaoxing are faced with concerns over litigation implementation. On the one hand, there are more or less the reasons for the failure of the company to execute the judgment effectively and the interests of the enterprise because of the reason of the executor. On the other hand, if we find the Guarantee Corporation in the market, there is a problem that the result of the judgment can not be carried out in accordance with the Guarantee Corporation's economic strength. To this end, Shaoxing silver Insurance Supervision Bureau encourages insurance institutions to give full play to the role of insurance as a stabilizer of real economy, starting from the needs of textile enterprises, innovating the promotion of litigation preservation insurance, and effectively safeguarding the business interests of textile owners. For example, the Shaoxing branch of Ping An insurance company has provided nearly 50 million yuan for the protection of litigation risks for more than 30 textile enterprises since 2018.

To further support the development of the textile industry, the Shaoxing branch of the Banking Regulatory Commission has led insurance institutions to continuously explore new models of serving local industries. Shaoxing insurance industry innovating property insurance products by using new technologies such as big data and artificial intelligence. At the same time, the service center of subsidence is focused on. Through field visits and questionnaires, the demand of textile enterprises is real-time understood, and the insurance service experience of enterprises is enhanced. In order to reduce the communication cost between textile enterprises and insurance companies, we can meet the demand of customized insurance products of textile enterprises, and provide full life cycle risk guarantee for the textile industry.