Starr Companies Announces Cooperation with PICC Health

December 22, 2017

New York, NY

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.