On August 22nd, at the 3rd China Reinsurance Accident Accident and Allowance Acme & China Convulsion Accident Archetypal Columnist Conference, China Reinsurance (Group) Corporation (China Re) launched “China Convulsion Accident Archetypal v2.0”, which is China’s aboriginal proprietary bartering convulsion accident archetypal certified by the Seismological Society of China. This is a anniversary accident that will fundamentally change China’s continued assurance on adopted convulsion accident models, and systematically advance the accommodation of China’s convulsion accident accident quantitative management.
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Shen Rujun, General Manager of Central Huijin Investment Company, Niu Zhijun, Deputy Director-General of China Convulsion Administration, Dong Degang, Deputy Director-General of the Financial Department of the Ministry of Finance, Wang Simiao, Deputy Director-General of the Intermediary Supervision Department of China Banking and Allowance Regulatory Commission and Yuan Linjiang, Chairman of China Re, accordingly apparent “China Convulsion Accident Archetypal v2.0” at the actualization ceremony.
Since the enactment of China Reinsurance Accident Analysis Center in 2017, China Re has been captivation the Accident Accident and Allowance Acme for three after years. Mr. Shen Rujun, General Manager of Central Huijin Investment Company, Mr. Niu Zhijun, Deputy Director-General of China Convulsion Administration, Mr. Dong Degang, Deputy Director-General of the Financial Department of the Ministry of Finance, Ms. Wang Simiao, Deputy Director-General of the Intermediary Supervision Department of China Banking and Allowance Regulatory Commission and Mr. Yuan Linjiang, Chairman of China Re, abounding the acme and delivered speeches. Nearly one hundred experts from the Ministry of Science and Technology, the Emergency Administration Department, seismological science analysis institutes and the allowance industry witnessed the barrage of “China Convulsion Accident Archetypal v2.0” and conducted all-embracing exchanges on convulsion accident issues.
China Reinsurance (Group) Corporation (China Re) launched “China Convulsion Accident Archetypal v2.0”, which is China’s aboriginal proprietary bartering convulsion accident archetypal certified by the Seismological Society of China.
“China Convulsion Accident Archetypal v2.0” is an important accomplishment fabricated by the government, academia and enterprises through their concerted addition . In adjustment to bigger advance this model, China Re accomplished China’s aboriginal fin-tech aggregation of accident accident ascendancy – China Re Accident Accident Administration Company, and brought in a able archetypal development aggregation with across alive experience. China Re has chip admired authentic analysis and abstracts assets with the abutment of able analysis institutes including the Institute of Geophysics and the Institute of Engineering Mechanics of China Convulsion Administration. China Re activated for the State Key Analysis Project, “Earthquake Allowance Accident Appraisal Archetypal and Applications”, and accustomed appropriate armamentarium from the Ministry of Science and Technology of China. The above-mentioned assignment ensured that the archetypal development was completed aural two years. Currently, the archetypal has been accustomed by the Seismological Society of China as a capital all-embracing model. The archetypal belvedere has additionally been activated and certified by authentic software appraisal agencies, with complete abstruse analysis certificates, user documents, abstruse documents, and training and operational account systems. The archetypal is appropriately fully-qualified and accessible for bartering use.
“China Convulsion Accident Archetypal v2.0” was well-received by acme attendees for its aerial authentic value, ample appliance scenarios and accessible adaptation. Its aerial authentic amount agency that the archetypal can simulate an accidental accident set of up to 300 actor earthquakes in China and its adjoining areas, in a time amount of 5 actor years. It is the aboriginal archetypal that can accurately appraisal bread-and-butter and insured losses for tens of bags of barrio with altered architecture types, architecture occupancies, heights, architecture periods, and convulsion barricade levels. The fast simulation action delivers authentic abstracts of China. Its ample appliance scenarios agency the archetypal can accommodate insurers a bartering artefact with abundant accident accident zonings, accident absolute control, abrupt appraisal of insured losses, and access of reinsurance solutions. Furthermore, it helps government agencies and official units to bound appraise bread-and-butter losses in convulsion aftermaths and assists government planning for convulsion blockage and relief. Its accessible adjustment will action customized solutions and an online-offline integration, acceptance users to use this archetypal both online or install it in their own system. The advanced adjustment of this archetypal will abetment China’s allowance breadth to added abate adopted archetypal dependency, advance self-independent science and technology strengths, cut amount and be added authentic in convulsion accident assessments.
Shen Rujun, General Manager of Central Huijin Investment Company, acicular out that as the “National Team” of China’s reinsurance industry, China Re has actively responded to the nation’s alarm and the development requirements of the allowance industry. The apart developed convulsion accident archetypal marks a above authentic advance in China’s accident accident ascendancy sector. Central Huijin Investment Aggregation will abutment China Re’s efforts in establishing China’s accident accident ascendancy system, and hopes that China Re will advocate its aboriginal aspirations unswervingly, accomplish its august mission as the civic reinsurer to basin added acumen and strengths for the advance of the allowance industry.
Niu Zhijun, Deputy Director-General of China Convulsion Administration, commented on the barrage of China Re’s new model. The archetypal actively promotes the bartering use of able and abstruse addition in accident accident ascendancy area, and sets a anniversary in China’s convulsion allowance development. Looking ahead, China Convulsion Administration will abide facilitating China Re’s advance in convulsion insurance, accompany easily with all accordant parties to accession accessible acquaintance in convulsion accident mitigation, and see that the accepted ambition of aspersing convulsion risks actuality achieved.
Dong Degang, Deputy Director-General of the Financial Department of the Ministry of Finance, remarked that the government and the bazaar charge accordingly body a accident accident blockage mechanism, and this permits no delay. China Re’s new archetypal provides admired accoutrement for decision-makers and accordant parties in their assignment of convulsion advice quantifying and decision-making. The Ministry of Finance will abide acknowledging accident allowance development, and altercate the achievability of a adversity blockage and abatement arrangement that incorporates accident insurance. China Re will calibration new heights and accept its reinsurance responsibilities in establishing the accident accident ascendancy system.
Wang Simiao, Deputy Director-General of the Intermediary Supervision Department of China Banking and Allowance Regulatory Commission, acicular out that China Re’s proprietary archetypal is a allusive convenance that echoes with civic strategies and serves the development of the allowance industry. The archetypal is hoped to advance the abstruse akin of China’s accident accident ascendancy and comedy its different role in acknowledging civic strategies.
Yuan Linjiang, Chairman of China Re, said that the Central Committee of the CPC accurately acicular out that we charge body an able and authentic accustomed adversity blockage and ascendancy system. Reinsurance is an basal allotment in the nation’s accident accident ascendancy arrangement architecture process. The absolution of “China’s Convulsion Accident Archetypal v2.0” injects new drive into the allowance industry’s abysmal captivation in convulsion adversity blockage and mitigation. It is a milestone, bushing China’s bare of a proprietary and controllable convulsion accident archetypal that fits the nations needs. Additionally, it is a abounding aftereffect in implementing China Re’s strategies of “One Core, Three Breakthroughs and Five Leaps” and “Platform-Orientation, Technology Appliance and Globalization”. Together with its adolescent partners, China Re will backpack on architecture this professional, innovative, accessible and aggregate accident belvedere for the allowance industry, acknowledging abstruse breakthroughs and the appliance of accident accident ascendancy model, and authoritative due contributions to the architecture of China’s avant-garde accident ascendancy system.
The acme focused on China’s seismic accident ascendancy and allowance practices. Ou Jinping, Academician of Chinese Academy of Engineering, Gao Mengtan, above Deputy Director-General of the Institute of Geophysics of China Convulsion Administration, Wang He, Vice Chairman of China Association of Actuaries, Zhang Jianguo, Chief Engineer of Yunnan Seismological Bureau, Ryan Crompton, General Manager of Australia Accident Frontiers, Paul Somerville, Chief Geoscientist of Australia Accident Frontiers, Chen Sen, Chief Actuary of China Pacific Activity Allowance Co. Ltd., Fan Jiemin, General Manager of the Group Property Allowance Department of China Pacific Activity Allowance Co. Ltd., Li Xiaojun, Secretary-General of Seismological Society of China, Zuo Huiqiang, Chairman of China Re Accident Accident Administration Company, Feng Jian, General Manager of China Re Accident Accident Administration Company, Zhou Junhua, Deputy General Manager of China Re Accident Accident Administration Company, and added bounded and all-embracing experts and allowance industry veterans, conducted all-embracing discussions and exchanged account on capacity such as China’s convulsion archetypal development and bartering application, convulsion emergency ascendancy arrangement establishment, post-earthquake reconstruction, convulsion allowance pilot application, and all-embracing convulsion allowance experiences.
He Chunlei, Vice Chairman and President of China Re, hosted the summit, and commented that the barrage of China Re’s convulsion accident archetypal marks a new alpha of the company’s addition to China’s avant-garde accident management. China Re will advantage China Re Accident Accident Administration Aggregation as an avant-garde belvedere to accommodate assets from all parties, and advance the enactment of China’s accident allowance industry infrastructure. China Re will abide acceptable the Chinese government and the allowance industry to advance their accident accident ascendancy capabilities, and attention the acceptable activity of the Chinese people.
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