SAIB Signed “Guangzhou Dangerous Cargo Industry Carrier Liability Insurance Risk Control Agreement” (2019-05-22)

On May 15, 2019, under the auspices of Guangzhou Traffic Management Station and Guangzhou Dangerous Cargo Transportation Industry Association, SAIB signed “Guangzhou Dangerous Cargo Industry Carrier Liability Insurance Risk Control Agreement” with the co-insurance body led by CPIC Guangdong Branch at “Guangzhou Third-Party Safety Monitoring Platform for Road Transportation” invested and operated by SAIB. On behalf of the company, the Chief Strategy Officer of SAIB Mr. Ji Yisheng attended the conference and signed the agreement.

Adhering to the conference spirit of the Ministry of Transport and the Guangdong Provincial Department of Transportation to establish a innovative prevention-oriented mechanism of carrier liability insurance, SAIB has been committed to providing more scientific and more professional services to the Guangzhou road transport industry through insurance. This conference will further deepen the multi-governance mode of “government guidance, insurance protection, market participation, and enterprise self-control”. At this meeting, the Guangzhou Dangerous Cargo Transportation Industry Association explained the work plan of the new mechanism of carrier liability insurance for dangerous cargo industry in Guangzhou, and SAIB introduced the operation of the third-party safety monitoring platform in Guangzhou.

In order to effectively improve the overall level of safety management and safety services in Guangzhou’s “Two Passengers and One Danger” industry, combined with the actual situation and development requirements of the industry, entrusted by Guangzhou Traffic Management Station, SAIB established “Guangzhou Third-Party Safety Monitoring Platform for Road Transportation” in combination with the safety supervision requirements and working experience. The platform not only effectively improves the safety level of “Two Passengers and One Danger” enterprise, but also greatly improves profitability level of the carrier liability insurance underwriting company. The underwriting company of carrier liability insurance strengthens the use of third-party monitoring platform risk control service to improve the safety management level of “Two Passengers and One Danger” industry, realize the ecological closed-loop of transportation enterprises, insurance companies and third-party monitoring platforms, which innovates a sustainable development model of road transportation industry.