Chinese export insurance company reports steady business growth in Q1

China's only policy-oriented insurer specializing in export credit insurance registered steady business growth in the first quarter of 2021 as it beefs up support for helping companies handle overseas risks.

The China Export & Credit Insurance Corporation, also known as SINOSURE, had underwritten about 186.81 billion U.S. dollars worth of insured businesses during the period, surging 27.6 percent year on year, according to the company.

SINOSURE served nearly 133,000 clients in the first three months, a yearly increase of 21.6 percent, said the company.

SINOSURE is a state-funded and policy-oriented insurance company to promote China's foreign economic and trade development and cooperation. It was officially launched and put into operation in 2001, whose service network now covers the whole country.