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Chinese insurer opens first Middle East office in Dubai

By TRENDS Desk
June 27, 2021 8:49 am

    • Office located at Dubai International Financial Centre

    • SINOSURE is a state-funded insurance company established to promote China’s foreign economic and trade development

    China Export and Credit Insurance Corporation (SINOSURE) has become the first Chinese insurer to open its office at Dubai International Financial Centre (DIFC).

    SINOSURE is a state-funded and policy-oriented insurance company established to promote China’s foreign economic and trade development and cooperation on a non-profit basis. 

    According to Berne Union, a global association for export credit and investment insurers, SINOSURE has since 2015 maintained a top ranking amongst Export Credit Agencies based on the total insured amount.

    In a statement, the company said the regional headquarters will help SINOSURE support China’s national Belt and Road initiative and boost its foreign trade and investment.

    Song Shuguang, Chairman of SINOSURE, said, “Dubai is the ideal ecosystem for Chinese businesses looking to expand in the region and we are confident that our presence at DIFC will unlock a vast array of opportunities and drive value for ourselves and our stakeholders.”

     

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