SHANGHAI, Nov. 20 – China's Belt & Road Reinsurance Pool (CBRRP), the only industry platform in China dedicated to Belt and Road risk management managed by China Re P&C, reinforced its commitment to supporting overseas projects and investments at its 13th annual gathering in Shanghai's Lingang area this week.
The meeting, which brought together over 110 representatives from regulators, 24 member companies, and a growing roster of domestic and international partners, signals the insurance sector's strategic push to better align with China's Belt & Road Initiative (BRI) as it enters a new phase.
Deputy Director-General Bu Fanwei of the National Financial Regulatory Administration (NFRA) commended CBRRP’s progress over the past five years and urged it to “enrich product supply” and “accelerate the construction of its overseas network “to offer more stable protection for Belt and Road projects.
The CBRRP– initially formed to tackle complex and specialized risks facing Chinese enterprises abroad – is now entering a more mature stage. In addition to reviewing past performance, the Congress approved governance updates and set a five-year strategic roadmap aimed at expanding underwriting capacity, deepening tech integration, and growing its overseas partnership base.
Tian Meipan, Assistant President of China Re, emphasized the need to “focus precisely on the pain points and difficulties faced by ‘Going Global’ enterprises,” underscoring the industry’s shift toward more client-driven and responsive risk solutions.
Notably, roadshows were made by some member companies and global partners exploring cooperative models, – a move to build international trust and scaling CBRRP’s services across diverse markets.
With a stronger institutional foundation and a clearer global vision, the CBRRP aims to move beyond traditional reinsurance functions into risk mitigation, green insurance, and tech-enhanced services – positioning itself as a stabilizing force for China’s overseas economic presence in the years ahead.
