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Participants well covered at Expo 2010

China has created a three-tier insurance policy frame work to meet the requirements of China’s law, Bureau of International Expositions regulation and specific demands of participating countries and organizations, a senior insurance industry official told Shanghai International Insurance Forum for Expo 2010 Shanghai China yesterday. Up to 70 million people are expected to visit the event where hundreds of national treasures will be displayed.

Participants will have to follow Chinese laws to be covered by mandatory policies, such as vehicle mandatory liability insurances, employee work injury insurances and employee health insurances, said Deng Xionghan, deputy head of China Insurance Regulatory Commission Shanghai Bureau.

BIE has traditionally required several policies, which were not readily available in Chinese insurance product frame, to be in place to cover participants. The Chinese industry has worked out the issue and is ready to offer policies under the categories as general liability insurances, construction and erection insurances, property insurances, exhibits and artworks insurances.

Insurers are also going to provide customized policies for Expo participants to buy, industry officials said at the forum.

National treasures such as Denmark's Little Mermaid, Japan's Monk Jianzhen statue, and paintings by Van Gogh and Paul Cezanne from the Musee d'Orsay will be displayed during Expo 2010.

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