NEW YORK--(BUSINESS WIRE)--Starr Companies today announced a cooperation with PICC Health Insurance Company Limited (PICC Health) to provide industry-leading, innovative insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries.
PICC Health, a subsidiary of the People’s Insurance Company (Group) of China Limited, and People's Daily, China’s leading newspaper, held a forum in Beijing on "Innovative Insurance Solutions for the Belt & Road Initiative" in conjunction with the Chinese Ministries of Commerce, Foreign Affairs, Public Health, the China Insurance Regulatory Commission and other Chinese government agencies and academic institutions. At the forum, PICC Health and Starr Companies officially launched a suite of innovative insurance products and services for Chinese company employees working overseas in BRI countries, providing comprehensive coverage and high-quality assistance services for these customers.
This industry-leading cooperation combines the domestic strengths of PICC Health, China’s dominant health insurer with a large Chinese corporate client base, and the global experience and expertise of Starr Companies, led by its legendary Chairman & CEO Maurice R. Greenberg.
This premier product is a specialty accident and health offering jointly developed by PICC Health, Starr Property & Casualty Insurance (China) Company Limited, and Starr Companies’ Assist Card International subsidiary. In addition to medical and Accidental Death & Dismemberment benefits, the product provides customers with benefits and services including medical evacuation and repatriation, compassionate visit, food poisoning, kidnap and ransom protection, as well as unique solutions such as risk management advice and cashless medical payment services through the Assist Card International network. A dedicated call center has been established to provide global services to Chinese customers including those working in BRI countries.
This cooperation between these two parties provides strong support for the employees of Chinese companies active in BRI countries, with the objective of building a “Healthy Silk Road.” For further information, please contact PICC Health in Beijing or Starr Companies in Shanghai.
About Starr Companies
Starr Companies (Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, and U.K. each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
Assist Card International, a premier global travel assistance company owned by Starr Companies, has an extensive network with more than 40 years of experience of providing assistance services around the globe. Assist Card has 9 regional alarm centers and more than 50,000 service providers throughout the world, providing direct payment for medical services.
About PICC Health Insurance Company Limited
PICC Health Insurance Company Limited was established on March 31, 2005. It is the first professional health insurance company approved by the State Council and approved by the China Insurance Regulatory Commission. As a subsidiary of PICC Group, the company is the largest health insurer in Mainland China, with 25 provincial branches, 109 municipality-level agencies, 99 county-level agencies and 97 rep offices. Its distribution network covers nearly all of China and serves more than 100 million customers.
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