Linking Global Partners to Chart a New Blueprint for China Business
Aligning with the Global Reinsurance Feast, KIC Deepens Connections in the Chinese Market
The four-day Shanghai International Reinsurance Conference kicked off at the Lingang Xinchen International Conference Center on October 21, 2025. With the theme “WALKING IN TANDEM, TALKING TO THE GLOBE” the conference attracted over 400 institutions from 28 countries and regions. Justin Zhang, Executive Director of Klapton Insurance Company (KIC) China, attended the event, held intensive meetings with almost 20 domestic and foreign insurance institutions, and conducted in-depth analysis on industry trends with leading insurance brokerage firms. He also released a clear signal of increasing investment in the Chinese market, focusing on CIA business, global liability insurance, and innovative products.
Multi-Dimensional Meetings Weave a Collaborative Network, Focusing on Synergy in Niche Sectors
In accordance with the agenda, Justin Zhang held closed-door talks with 10+ insurance companies. Leveraging KIC’s core strengths in special insurance and digital risk control, he incorporated discussions on cooperation in CIA business, global CGL (Commercial General Liability) policies, and parametric products to accurately meet the needs of domestic and foreign parties:
- Deepening Localized Special Risk Protection: When discussing the agricultural catastrophe risk diversification mechanism with CPIC Anxin Agricultural Insurance, he highlighted KIC’s weather parametric products. These products, based on satellite remote sensing and regional meteorological data, enable rapid loss assessment and automatic compensation for disasters such as droughts and floods, effectively addressing the delay in claims settlement of traditional agricultural insurance. Regarding the reinsurance needs of China Coal Property & Casualty Insurance in the mineral sector, KIC plans to provide cross-border reinsurance support for its existing cooperative projects—covering risks such as equipment damage and third-party liability—in coal mining and power transmission projects along the “Belt and Road” initiative.
- Strengthening Comprehensive Property & Casualty Insurance Synergy: When exchanging views on the comprehensive reform of “unified premium rates and terms” for non-auto insurance and innovative products with leading institutions including PICC Property and Casualty, Ping An Property and Casualty, Taiping General Insurance and Huatai Property and Casualty, Justin Zhang emphasized Klapton’s regional experience from its insurance entity in Zambia, Africa. This experience will help build a China-Africa cross-border insurance channel, while introducing overseas catastrophe insurance product technologies to support Chinese enterprises “going global.” Meanwhile, KIC is advancing its international credit rating enhancement plan. Currently, KIC holds a B- credit rating (from GCR of Moody’s). It aims to upgrade this rating to above A by 2027 through measures such as optimizing asset-liability structure, expanding premium scale of CIA business and global CGL policies, and strengthening risk control capabilities. “For domestic clients, this means more stable risk protection capabilities; for international clients, an A-class rating will enhance KIC’s credibility in the global reinsurance market. This is a crucial initiative that benefits both parties,” Justin Zhang stressed.
- Expanding Regional and International Cooperation:Preliminary consensus was reached with Bohai Property & Casualty, Yanzhao Property & Casualty, and Yong’an Property & Casualty on cooperation in engineering insurance and property insurance for the Bohai Rim Economic Circle and the coordinated development of the Beijing-Tianjin-Hebei region. With Rawsur Insurance (Africa), the focus was on cargo insurance for China-Africa trade and cross-border reinsurance for overseas businesses, with CIA business identified as the core cooperation direction. Relying on Klapton local service teams in Zambia, the company will provide Chinese enterprises in Africa with integrated local reinsurance solutions covering “property insurance + cargo transportation” for their mining, warehousing, transportation, and distribution networks—echoing the conference theme of “TALKING TO THE GLOBE”
- Layout in Professional Niche Tracks: When discussing reinsurance support for new energy vehicle (NEV) industry chain insurance with Sanguard Insurance, KIC proposed a risk-sharing mechanism based on its technical expertise in Sureties (bond insurance) and special insurance. It also mentioned integrating CIA business with the overseas expansion of NEV manufacturers, planning to provide reinsurance support for NEV assembly plants (cooperating with Sanguard Insurance) in Southeast Asia, South America, and other regions, covering areas such as factory construction and auto extended warranties.
Justin Zhang summarized, “The development of the Shanghai International Reinsurance Center presents a once-in-a-century historical opportunity for foreign-invested institutions. KIC will take CIA global business, global CGL policies, and Parametric products as its ‘three core drivers,’ combined with the credit rating enhancement plan, to achieve two-way empowerment of ‘localizing global experience and globalizing local needs.'” It was revealed that KIC plans to expand its reinsurance underwriting scope in China by over 50% in 2026, further consolidating the stability of its balance sheet and providing higher-quality risk solutions for domestic and foreign clients.