Zurich's Emerging Markets Solutions group, the political risk and trade credit insurance unit of Zurich, has signed a memorandum of understanding with the China Export & Credit Insurance Corporation (SINOSURE). This public/private collaboration will work together to provide insurance, co-insurance or reinsurance for transactions involving Chinese exporters to or investors in emerging markets, as well as for international trade and investment in China.
While Export Credit Agencies traditionally assist their exporters and investors in finding business abroad, the SINOSURE agreement with Zurich will also facilitate foreign investment in China through inbound investment insurance. SINOSURE developed the inbound investment programme to address the political risks associated with sub-sovereign entities, given the needs of foreign investors who are increasingly involved in infrastructure projects at the local government level.
