China’s BRI has captured imaginations around the world since it was announced in 2013 and sparked plenty of debate. But what are the true risks at the heart of the $1 trillion investment project that hopes to create new economic corridors and facilitate global trade, and what are the insurance and reinsurance opportunities?
The construction of a $7bn high-speed railway across one of the poorest and least developed countries in South East Asia is fast becoming a symbol for China’s Belt and Road Initiative (BRI). Around a quarter of the Laos-China high-speed rail project has been constructed and it is on schedule for completion by 2021. When active it will link into the Thai and Malaysian rail networks, and eventually Singapore.