Sunlight Property Insurance: "Insurance + Green Infrastructure" model escorts the "Belt and Road" initiative.

As China's economy "goes global" and the high-quality construction of the "Belt and Road" enters a new stage, China's overseas interests continue to expand, with a growing demand for financial services such as risk protection. The national "15th Five-Year Plan" proposal also emphasizes "high-quality construction of the Belt and Road" and deepening cooperation in green development. Sunshine Property Insurance focuses on key areas of energy cooperation, innovating the cross-border risk management of Chinese insurance institutions, providing a replicable model of "insurance + green infrastructure" for international energy cooperation, demonstrating the supportive role of the insurance industry in the high-quality development of the Belt and Road Initiative. Taking on challenges, customized insurance solutions for extreme cold challenges The Ak-Mola Wind Power Project Group is located in the Ak-Mola region of northern Kazakhstan, the largest new energy project in Central Asia by the State Power Investment Group. It is known that in the Ak-Mola region, winter temperatures can drop to minus 40 degrees Celsius and include complex frozen soil construction conditions and significant seasonal differences in wind speed, posing a serious challenge to the stable operation of wind power projects. With professional risk management capabilities, Sunshine Property Insurance conducted on-site risk surveys early in the project, identifying multiple risks such as extreme cold weather and supply chain fluctuations, and accurately matching insurance coverage. Based on in-depth risk assessment, Sunshine Property Insurance has provided a comprehensive package of property insurance and site operation liability insurance with a total coverage of approximately 1.5 billion RMB for the project since 2021, covering construction all risks, loss of profits insurance, and other products, ensuring the project's stable operation in harsh natural environments and demonstrating the professional strength of Chinese insurance institutions in addressing special risks. Green empowerment, "insurance + green infrastructure" model aids in energy transition Within the framework of the high-quality construction of the Belt and Road Initiative, the Ak-Mola Wind Power Project Group, as one of the high-quality new energy cooperation projects between China and Kazakhstan, has successfully landed and operated in Kazakhstan, serving as a model of green capacity cooperation between China and Kazakhstan. Sunshine Property Insurance targeted the financial needs of the Ak-Mola Wind Power Project Group, successfully implementing the innovative model of "insurance + green infrastructure." By providing long-term stable risk protection, Sunshine Property Insurance not only ensures the security of project assets but also promotes the application of green technology, supporting the local energy structure's green and low-carbon transformation for the Ak-Mola Wind Power Project Group. Currently, the project group can provide up to 843 million kilowatt-hours of clean electricity annually, reducing carbon dioxide emissions by 686,600 tons, making a positive contribution to Kazakhstan's energy transition and achieving carbon neutrality goals. Synergistic win-win, aiding in the creation of a mutually beneficial ecological environment To better support the Belt and Road Initiative, Sunshine Property Insurance leverages its own advantages by joining the Chinese Belt and Road reinsurance community, actively participating in various affairs of the Belt and Road reinsurance community, continuously strengthening cooperation with reinsurance companies domestically and abroad, increasing the underwriting capacity of individual projects. Additionally, through establishing long-term and good cooperation with major global insurance companies and insurance brokerages, it is committed to assuming risks, sharing responsibilities, efficiently utilizing the service network of partners, and creating a mutually beneficial ecological environment. In October 2023, the Shanghai International Reinsurance Trading Center was officially launched, and Sunshine Property Insurance's Shanghai reinsurance operation center successfully connected with the "Reinsurance International Board" system platform of the trading platform, issuing the first business of the Shanghai International Reinsurance Trading Center's "Reinsurance International Board" to provide insurance protection for the photovoltaic power generation project that the State Power Investment Group will invest in and construct in Turkey in 2023, representing a typical case of the "Reinsurance International Board" serving the Belt and Road Initiative, supporting Chinese companies to go global, and using green insurance to safeguard clean energy. In the future, Sunshine Property Insurance will continue to focus on the construction of the Belt and Road Initiative, closely align with serving the country's major strategies, safeguarding economic and social development, and meeting the needs of people's livelihood protection, continuously deepen financial "Five Major Articles," serve high-level opening-up, and contribute positively to the construction of a financial power.