Statutory and commercial insurance

Statutory and commercial insurance

In 2018, Wonderful Sky Financial Group officially and jointly established Ming An Insurance Service Company (Hong Kong) Limited (hereinafter referred to as “Ming An Insurance Service”), a joint venture, with China Taiping Insurance (HK) Company Limited, in order to provide listed companies and to-be-listed companies with statutory and commercial insurance services. Ming An Insurance Service will, by striving to satisfy the requirements of enterprises in various aspects, provide enterprises with general statutory and customized commercial insurance services covering Employee Group Medical Insurance, Individual High-end Medical Insurance, Directors & Officers Liability Insurance, Public Offering of Securities Insurance, Expatriate Overseas Medical and Life Insurance, International Roadshow Officers Life Insurance, etc.

For enterprises, effective management over various potential risks is conducive to correct decisions made by enterprises, protecting the safety and completeness of corporate assets and achieving goals of operating activities of enterprises. As an instrument to address and transfer risks, insurance would enable enterprises (the insured) to resume normal operations as soon as practicable through compensation for economic losses caused to the insured arising from damages in accidents as a result of force majeure.