Shanghai, 02 August 2016 – Chubb announced today the launch of innovative personal accident insurance benefits under its preferred provider distribution agreement with Suning, one of the largest retailers and most recognized retail brands in China. Suning has an established extended warranty program for their retail customers. Chubb has enhanced the personal protection of Suning customers by offering personal accident coverage of up to RMB 1 million when they purchase Suning’s extended warranty program.
A nationwide roll-out is planned, starting with the launch in Shanghai and six cities in Jiangsu province in the first phase. This will be expanded to the other regions of Suning’s nationwide network, including online and offline product channels and retail outlets.
“This is a significant milestone for Chubb in China since the signing of a preferred provider distribution agreement with Suning in April this year. We are very pleased that through our close collaboration, the customized personal accident insurance benefits jointly developed by Suning and Chubb has been successfully launched,” said Ms. Zhang Bei, Chairperson, Board of Directors for Chubb Insurance Company Limited in China.
“The launch symbolizes that our cooperation with Suning has entered into a substantive phase. We believe that with the deepening of our partnership, we will continue to launch more customized products in the future to meet the consumer insurance needs of Suning’s 130 million registered members. Chubb has a long track record in offering relevant, essential protection for individuals, families and businesses of all sizes across the Asia Pacific region. We strive to enable renowned brands such as Suning to grow their business further with our insurance benefits,” added Ms. Zhang Bei.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.
In 1994, Chubb set up its first representative office in China. A branch company was subsequently established in 2000 in Shanghai, which was converted to a wholly owned subsidiary upon the approval of the China Insurance Regulatory Commission. The company currently has two operations in Shanghai, Jiangsu and Guangdong provinces, with plans to commence operations in other regions in the near future.
Chubb Insurance Company Limited
+86 21 2325 6710