Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)

Analysis on the Current Status and Existing Problems of Overseas Engineering Insurance

Authors
Yi Liang, Hanping Zhao
Corresponding Author
Yi Liang
Available Online 12 April 2021.
DOI
https://doi.org/10.2991/aebmr.k.210409.013How to use a DOI?
Keywords
Overseas engineering project, The “Belt and Road” initiative, Engineering insurance, Risk management
Abstract
The “Belt and Road” initiative takes policy communication, facility connectivity, unimpeded trade, financial integration, and people-to-people bonds as its core, to create a community of interests, a community of destiny, and a community of mutual benefit and responsibility for mutual political trust, economic integration, and cultural inclusiveness. It has become a global mutually beneficial and win-win cooperation. China has made considerable progress in the process of integrating into the world economy and has become a major trading country with global influence. However, my country’s ability to prevent overseas risks in general is still lagging, and is not commensurate with its status as a major trading country. In particular, the “Belt and Road” strategic radiation area involves a large number of countries, a large population, and complex and changeable geopolitical and economic relations. In the process of “going out”, there are more political risks, economic risks, legal risks, default risks, man-made accidents and natural disaster risks. The insurance industry is a special industry that manages and transfers risks. As a kind of “community of destiny” with a long history, insurance organization, as a mature tool for risk prevention in international economic affairs, its own characteristics determine the service area of the insurance industry. The construction of the “Belt and Road” has natural advantages and should play a greater role closely following the national strategy, providing comprehensive risk protection and services for the “Belt and Road” cross-border cooperation, and alleviating the worries of enterprises “going out”. To provide strong support for accelerating the construction of the “Belt and Road” and escort China’s overseas interests.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Yi Liang
AU  - Hanping Zhao
PY  - 2021
DA  - 2021/04/12
TI  - Analysis on the Current Status and Existing Problems of Overseas Engineering Insurance
BT  - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)
PB  - Atlantis Press
SP  - 87
EP  - 92
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210409.013
DO  - https://doi.org/10.2991/aebmr.k.210409.013
ID  - Liang2021
ER  -