China Nuclear Insurance Pool

  ►  Direct Insurance

  1.Who can be our insured

  China Nuclear Insurance Pool provides insurance against various risks at construction and operation stages for all Operators of commercial or scientific nuclear facilities such as Uranium Conversion and Enrichment, Fuel Fabrication, Nuclear Power Station, Spend Fuel Reprocessing and High-, Medium- and Low-level Radioactive Waste Repository and Disposal Work which use nuclear energy in a peaceful way. Duly qualified Operator for transporting nuclear material can also be insured by China Nuclear Insurance Pool. In addition, Operators of medical and industrial radioactive sources can also be insured.

  2.How well can we protect

  As a rule, nuclear risk is the exclusive risk of conventionalinsurance and reinsurance market. China Nuclear Insurance Pool is a professional insurer in the fieldof nuclear risk. It provides material damage insurance cover and the third party liability insurance for the nuclear facilities operators. Meanwhile, it provides property insurance and third party liability insurance in transportation process for transit operators. Operators of medical and industrial radioactive sources can also obtain such insurance Cover.

  3.How to get our protection

  According to the constitution ofChina Nuclear Insurance Pool, China Nuclear Insurance Pool is an unincorporated organization and is not entitled to issue the insurance policy. Clients who want to purchase insurance through China Nuclear Insurance Pool need to consult with our member company. After clients selecting a member company, that company will proceed to the next procedure together with China Nuclear Insurance Pool.

  ► Reinsurance

  1.  Who are our major reinsurers

  Reinsurers of China Nuclear Insurance Pool are the nuclear insurance pools of other countries. Presently, we mainly maintain relationships with more than 20 overseas nuclear insurance pools, including some major nuclear power countries such as UK, USA, France, Germany, Switzerland, Japan, Korea and Russia.

  2.  Factors to be considered when arrange outward business

  We arrange reinsurance program mainly considering the following factors for each pool:

  Security: solidarity among the pool member and/or member’s rating level from rating agencies

  Reciprocity: comparing with ceding and reinsuring premium each other, relationships and so on

  Offered capacity to us: this is also a sort of reciprocity.

  Reliability: country risk, accuracy of procedures and so on

  Market potential: Construction plan of nuclear plants from now on

  3.Factors to be considered when accept inward business

  We decide our participated share in respect of individual offered reinsurance program mainly considering the following factors for each pool.

  Of course, underwriting information regarding the individual account is quite important.

  Reciprocity: comparing with ceding and reinsuring premium each other; relationships and so on

  Offered capacity to us: this is also a kind of reciprocity

  Reliability: country risk, accuracy of procedures and so on

  Loss ratio from reinsuring business: total loss ratio from the beginning of reinsuring business

  Experienced period of commercial operation of NPP:

  Premium level: comparing with the relative Rate Level in the Chinese market

  Necessity for using our capacity: actual used capacity compared with our offering capacity

Copyright © China Reinsurance (Group) Corporation
Address: No.11 Jinrong Avenue,Xicheng District,Beijing,China
Post code: 100033 Fax:+86 10 66576789