Abstract

China's Belt and Road (B&R) Initiative will remain a key driver of the country's development in the coming decade. It will entail extensive intra-regional and cross-country interactive cooperation aiming to drive and foster inclusive growth of B&R markets. Robust execution of this bold initiative is a key success factor. Chinese firms taking part in B&R will face a new and complex risk environment in those countries in which they invest, as will the insurers supporting their outward-looking endeavours. Proper risk management as well as innovative risk solutions are needed to ensure success. The use of customised risk solutions is also becoming more important as contractors and investors seek more holistic risk protection for their overseas investment and trade activities. It is thus important that China utilise the knowledge and expertise of global insurers and reinsurers to support the B&R Initiative.