TPRe launched an RMB insurance savings product in collaboration with China Life Insurance (Indonesia) recently. This marks TPRe's entry into the Indonesian life insurance market and further strengthens the Company's global footprint in the life business section.
In line with China Taiping's New Era Development Strategy, with its reinsurance expertise and experiences in the global market, TPRe has been actively developing overseas markets, providing life reinsurance package solutions for clients through product innovation, risk management, and capital support. TPRe has achieved breakthroughs in terms of both developing new products and entering new markets, and has successfully introduced the first RMB savings product in the Indonesian market in collaboration with China Life Insurance (Indonesia). This product is designed to diversify the wealth management tools in Indonesia and meet the needs of the general public in terms of asset allocation.
Established in June 2018, China Life Insurance (Indonesia) is the first Chinese financial insurance company that entered the Indonesian life insurance market. It fills the gap in life insurance cooperation between China and Indonesia and is a subsidiary of China Life Insurance (Overseas) Company Limited.