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China Eastern Airlines mu5735 is underwritten by The People’S Insurance Company (Group) Of China Limited(601319) chief

According to @ China Central Television’s financial microblog, after the China Eastern Airlines passenger plane crash on March 21, the insurance industry launched an emergency plan. Guangxi banking and Insurance Regulatory Bureau said that local emergency response teams at the provincial and municipal levels had been established to require insurance companies within their jurisdiction to start first-class response and conduct comprehensive investigation. At present, PICC, Guoshou, Ping An, CPIC, Xinhua and other insurance institutions have announced to start relevant rescue and investigation work.

According to the verification, the aircraft is underwritten by The People’S Insurance Company (Group) Of China Limited(601319) chief, and China Pacific Insurance (Group) Co.Ltd(601601) property insurance documentary underwrites the aviation insurance of CAAC United Insurance fleet. Ping An Property Insurance Guangdong branch jointly insures China Eastern Airlines mu5735 fuselage all risks and liability insurance. In terms of customer investigation, as of 18:30 p.m. on the 21st, Ping An Insurance (Group) Company Of China Ltd(601318) had received four customer reports. Among them, Ping an endowment insurance has received two customer reports, and Ping An Property Insurance and Ping An health insurance have received one report respectively. At present, the specific information is being verified.

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