As China's economy expands globally and high-quality Belt and Road cooperation enters a new phase, the demand for risk mitigation and financial services has intensified. The national "15th Five-Year Plan" emphasizes deepening green development collaboration under the Belt and Road framework. SUNSHINE INS has innovated cross-border risk management for Chinese insurers, particularly in energy cooperation, by introducing a replicable "Insurance + Green Infrastructure" model, highlighting the sector’s role in supporting Belt and Road initiatives.
**Overcoming Challenges: Tailored Insurance for Extreme Conditions** The Akimola Wind Power Cluster in Kazakhstan, the largest renewable energy project by State Power Investment Corp in Central Asia, faces harsh winters with temperatures plunging to -40°C, permafrost conditions, and seasonal wind variations. SUNSHINE INS conducted on-site risk assessments early on, identifying extreme weather and supply chain vulnerabilities. Since 2021, it has provided RMB 1.5 billion in coverage, including property insurance and operational liability policies, ensuring project resilience.
**Green Innovation: Powering Energy Transition** The Akimola project exemplifies China-Kazakhstan green cooperation. SUNSHINE INS’s model not only secures assets but also accelerates green tech adoption. Annually, the cluster supplies 843 million kWh of clean energy, cutting CO₂ emissions by 686,600 tons, advancing Kazakhstan’s carbon neutrality goals.
**Collaborative Ecosystem: Strengthening Global Partnerships** To bolster Belt and Road projects, SUNSHINE INS joined China’s Belt and Road Reinsurance Community, enhancing underwriting capacity through global reinsurer partnerships. In October 2023, it facilitated the first transaction on Shanghai’s International Reinsurance Platform, insuring a Turkish solar project by State Power Investment Corp, showcasing green insurance’s role in overseas clean energy ventures.
Moving forward, SUNSHINE INS will deepen its commitment to national strategies, economic security, and sustainable finance, reinforcing China’s financial resilience and global openness.