The partnership between the Portuguese insurance company Fidelidade and China Reinsure, the largest insurance provider in China has been created to strengthen institutional and trade relationships as part of the “Belt & Road” initiative.
It is hoped by the companies that the partnership will contribute to the implementation of reinsurance solutions associated with Chinese investments and projects in Portugal, Spain, France, Angola, Mozambique, Cape Verde, and Peru.
A statement from Fidelidade said: “With this collaboration, it will be possible to identify investment opportunities in these countries for Fidelidade products and services that are suitable to the needs in these target markets, as well as the sharing of best commercial and technical practices.
“Fidelidade will thus be able to diversify its scope and develop new opportunities for international business growth, reinforcing its offer to the Chinese community present throughout the world”.
In Portugal, the Fidelidade Group offers a range of solutions and services for the protection of people and goods with products specialised for the Chinese community, including a Chinese business unit with a network of bilingual agents.