Xia Xiaodong, the person in charge of Xiamen Xinbao, told the Xiamen Business Daily reporter that for the insurance compensation, the turmoil in Libya is a political risk leading to project losses. In the general commercial insurance field, war and other factors are not payable. Since Export Credit Insurance is the only policy export credit insurance institution in China, it will be compensated accordingly.

Xia Xiaodong said that in North Africa, Xiamen corporate customers who export credit insurance have a current account receivable balance of about 10 million US dollars. If you count non-trust customers, the balance of accounts receivable has greatly exceeded 10 million US dollars.

     Xia Xiaodong said that countries such as Libya, Tunisia and Algeria have close economic ties and reminded Xiamen enterprises to closely track accounts receivable.

     Libya's turmoil has made it possible for companies to reconsider the importance of insurance. If the company "temporarily hugs its feet" for emergency insurance, will the letter of credit increase? Xia Xiaodong said that wars, riots and other factors are unpredictable. Once such risks occur, enterprises will suffer serious losses. Enterprises can use the power to protect the high-rise "firewall". For example, in the earthquake in Japan, commercial insurance will refuse to pay, but Xinbao Earthquakes are also included in the scope of protection. At present, the insurance premium rate has not yet increased, and the approval is normal.