Chinese ECA sees underwriting growth of 9%

(Xinhua, Beijing, 26 December 2022) China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first 11 months of 2022. The China Export & Credit Insurance Corporation, or SINOSURE, served about 179,000 clients in the January-November period, an increase of 14% year on year. During the period, the company handled underwriting for insured businesses worth a total of US$817.93 billion, up 8.6% year on year. SINOSURE is a state-funded and policy-oriented insurance company that promotes China's foreign economic and trade development and cooperation. It was officially launched and put into operation in 2001, and its service network now covers the whole country