万贝国际保险经纪(天津)有限公司
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Wonderful International Insurance Brokers(Tianjin) Co., Ltd.


Wonderful International Insurance Brokers (Tianjin) Co., Ltd.(“Wonderful Insurance Brokers”) is a specialized insurance brokerage companyfounded in November 2013 in a registered capital of RMB 50 million withapproval from China Insurance Regulation Commission (CIRC). The company isauthorized to provide customers nationwide with services including disasterprevention, damage prevention, risk assessment and risk management, propertyand life insurance proposal, insurance formalities support and claimsassistance, arrangement of domestic and international reinsurance and otherbusinesses approved by CIRC.  

Having a talented team rich in experiences and expertisein finance, insurance, marketing, management consulting and constructionproject risk assessment, the company offers a package of insurance servicescovering insurance plan design, insurance quto inquiry or insurance businesstender, insurance arrangements, routine services, loss prevention, claimshandling and insurance services assessment. The company has built its corecompetiveness through delivering highly efficient and sincere services by theteam with its know-how.

Since itsestablishment, the company has entered into strategic cooperation agreementswith more than 40 insurance (group) companies both home and abroad includingSwiss Re, PICC, Ping An Insurance and the Pacific Insurance, provides insurancebrokerage services for Chinese overseas hydropower projects, domestic andoverseas construction projects and bank financial products, the insurancepremium combined of which exceeding RMB 10 billion. Targeted at freshdemands in the insurance market, the company developed innovativeproducts including Small and Micro Enterprise Comprehensive Insurance,Technology-based Medium and Small Enterprises Performance Bond Insurance andComprehensive Liability Insurance for Nursing Institutions for the Aged.


WonderfulInsurance Brokers will expand business in both domestic and overseas markets:

OverseasMarket

As animportant member of Research and Development International (RDI), aninternational think tank platform with implementation of the Silk Road EconomicBelt and the 21st Century Maritime Silk Road Initiative (“the Belt and RoadInitiative”) as its current focus, Wonderful Insurance Brokers actively takespart in the Belt and Road construction, by expanding overseas business startingfrom the countries where the Group’s oversea branches locate and then graduallycovering all countries along the Belt and Road. It will not only introducetraditional insurance types including agricultural insurance, catastropheinsurance, marine environmental liability insurance into investment andconstruction of the key areas that Chinese enterprises are going to invest intosuch as oil, power, gas and mines, high-speed railway, highway, aviation,telecommunication, modern agriculture, forests and land, but also tailor newinsurance products to the needs of the Silk and Road projects such as insuranceagainst overseas workers kidnap and ransom so as to help Chineseenterprises fully covered against all risks that may arise during projectconstruction and investment activities.

Whileexpanding its business footprints along the Belt and Road, the company byvirtue of taking advantage of its brokerage business of construction insurance ina total premium of USD 60 billion which it has obtained from the Belt and Roadprojects, is building an Overseas Co-insurance Consortium aiming to provide areliable and secure co-insurance platform for large-scale oversea insuranceprojects under the Belt and Road Initiative by inviting PICC, Ping An, thePacific Insurance and other large insurance companies in China who plan toexpand business overseas to join the membership. It develops self-disciplineconventions for the Consortium  and all themembers shall under a standard and well-organized mechanism jointly underwritelarge overseas insurance projects, sharing risks and profits. A exchangeplatform will also be founded for introducing domestic insurance funds toinvest into construction projects under the Belt and Road Initiative. The Co-insuranceConsortium is expected to double the company’s brokerage revenue and at themeantime drive insurance industry investment in connection with Belt and RoadInitiative projects to develop at a scale of approximately RMB 800 billion andconstruction investment of RMB 2,000 billion.


Domestic Market

Internet e-commerce insurance is taking the shares oftraditional insurance market with an annual growth rate of nearly 200%.Wonderful Insurance Brokers will on the basis of the Co-Insurance Web built byWonderful Group complete core systems connection with each insurance companynationwide, gather a number of local insurance broker talents via WonderfulGroup’s branches around the country, bringing insurants with fresh onlineinsurance service experience. Build Internet Insurance Information Center, atthe preliminary stage of which, in compliance with the measures stipulated inBuilding the Integrated Service Administration Platform for Internet TrafficSafety issued by the Traffic Management Bureau of the Ministry of PublicSecurity, systems of traffic management departments at each level and regionwill be connected on the information center. The connection will promoteelectronization progress of auto insurance policy, provide real, safe andreliable car insurance information for the traffic control departments torealize paperless office and handling all procedures on a single website.Meanwhile, the connection of systems of all traffic management departments willact as a model in connecting the Internet Insurance Information Centerseamlessly with systems of government function departments. Integrategovernmental blanket insurance project into Internet+ mode so as to delivermore convenient and efficient service on the Internet, as well as providereliable information support for government departments to promote intelligentoffice and electrinization of insurance policy of government blanket insuranceproject.

Following the corporatestrategy of expanding business in both domestic and international market, WIIBintegrates its domestic insurance brokerage platform with China-proposed Beltand Road Initiative and will via its branches and agents set up in thecountries along the Belt and Road guide domestic insurance companies who hasfinancial strength and good business reputation to establish business branchesor offices at countries or regions where receive more export of labor servicesfrom China and where China-contracted construction projects cluster. It willalso center on the co-insurance body platform and build and improveinternational insurance business service network in countries along the Beltand Road so as to enhance our nation’s oversea insurance service scale andstrength. Meanwhile, WIIB will establish business relationship with insurancecompanies in theses countries to form joint-ventured insurance companies orbrokerage agents with an efforts to promote the professional leading capacityof Chinese insurance industry and enhance our nation’s comprehensive influenceon the regions included in the Belt and Road Initiative.