The Geneva Association, the CEO-level think-tank for the global re/insurance sector, has signed a memorandum of understanding with the Insurance Society of China.
The “collaboration agreement” commits the two bodies to working together on theoretical and practical research initiatives and sharing research findings.
According to the Geneva Association, this “will promote the establishment of a platform for industry exchange, the production of studies and the integration of insurance cultures”.
“At a time of great economic development and technological change, we welcome this relationship with the ISC who will be an excellent intellectual sparring partner for ideas, concepts and research in the risk management and (re)insurance industry,” said Fabian Sommerrock, deputy secretary general and head of insight at the Geneva Association.
“Through research, conferences and other engagements, we look forward to a productive collaboration,” said Sommerrock.
Yao Qinghai, chairman of the Insurance Society of China, said: “The signing of the MoU will play a significant role in deepening collaboration between our two organisations in areas such as theoretical research and building a top-tier think tank.
“Furthermore, it will help China's insurance industry improve its image in the global arena. ISC is looking forward to joining hands with The Geneva Association in many more fields in the near future,” he added.