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International reinsurance hub in Lin-gang Special Area takes shape

en.lingang.gov.cn| Updated: 6, 2024 L M S

Shanghai's Lin-gang Special Area has secured a significant milestone in its quest to become a global reinsurance hub when images of the interior of the Shanghai International Reinsurance Exchange were revealed.

A rendering of the interior of the Shanghai International Reinsurance Exchange. [Photo/WeChat ID: SHLG2003]

Located in Phase I of Dishui Lake Financial Bay, the towering 50-meter, 11-story edifice, spanning 18,700 square meters, is being developed and operated by Lingang Group's subsidiary, Lin-gang Special Area Economic Development, underscoring Lin-gang's commitment to fostering a world-class reinsurance ecosystem.

The building's ground and first floors house a state-of-the-art trading hall, adopting a seat-based system to facilitate seamless negotiations and transactions between reinsurance suppliers and consumers. The exchange serves as a catalyst for the expansion of reinsurance activities, underpinning the development of specialized insurance, reinsurance, and brokerage firms.

In addition to its core trading functions, the exchange is designed to attract a comprehensive suite of insurance service providers, forming a cohesive ecosystem centered around reinsurance capabilities. The third floor, in particular, showcases a fusion of modern design and functionality, offering adaptable workspaces tailored for diverse operational needs. It embodies a blend of innovation, efficiency, and comfort, setting a new benchmark for office environments in Lin-gang's insurance zone.

The Shanghai International Reinsurance Exchange, a new landmark in Dishui Lake Financial Bay, signifies Shanghai's determination to establish itself as a leading global hub for reinsurance. [Photo/WeChat ID: SHLG2003]

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