Chinese export insurance company reports steady business growth in 2020

BEIJING, Jan. 16 (Xinhua) -- China's only policy-oriented insurer specializing in export credit insurance registered steady business growth in 2020 amid the COVID-19 epidemic.

The China Export & Credit Insurance Corporation, also known as SINOSURE, had underwritten about 704.07 billion U.S. dollars worth of insured businesses last year, surging 15.5 percent year on year, according to the company.

SINOSURE served nearly 147,000 clients over the past year, a yearly increase of 23.9 percent, while the value of insurance settlements it paid to clients climbed 32.4 percent year on year to 1.81 billion dollars, the company said.

The insurance company also rolled out many inclusive finance measures, serving 116,000 small and micro-sized companies in 2020, up 31.9 percent year on year.

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