According to the Civil Aviation Administration of China, on March 21, 2022, a Boeing 737 of China Eastern Airlines lost contact over Wuzhou while performing the mission of Kunming Guangzhou flight. At present, it has been confirmed that the plane crashed. There are 132 people on board, including 123 passengers and 9 crew members.
According to the verification, the aircraft is underwritten by The People’S Insurance Company (Group) Of China Limited(601319) chief. PICC Property Insurance immediately set up a special leading group and a working group on business, claim settlement and support to connect with the Civil Aviation Administration and China Eastern Airlines at the first time and rush to the site to guide the follow-up work.
After the accident, China Pacific Insurance (Group) Co.Ltd(601601) started the emergency mechanism for major emergencies at the first time, and its China Pacific Insurance (Group) Co.Ltd(601601) property and life insurance, together with Yunnan institutions, started the internal verification of fuselage insurance, group insurance, aviation insurance and other relevant types of insurance at the first time. At present, China Pacific Insurance (Group) Co.Ltd(601601) property insurance has verified and confirmed that the documentary insurance covers the aviation insurance of CAAC United Insurance fleet.
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. After preliminary investigation, Ping An Property Insurance Guangdong branch jointly insures all risks and liability insurance of China Eastern Airlines mu5735 fuselage, and will follow up the progress of accident handling in real time.
