Shanghai Cruise Delay and Cancellation Comprehensive Insurance developed by SAIB was awarded to 2016 Shanghai Promotion of Modern Shipping Services Innovation Project
These days, after the approval by Shanghai Municipal Transport Bureau and estimation of experts, Shanghai Cruise Delay and Cancellation Comprehensive Insurance developed by SAIB was officially awarded to 2016 Shanghai Promotion of Modern Shipping Services Innovation Project.
In order to effectively work out civil disputes arising out of delay and cancellation in the cruise traveling, SAIB officially promoted Shanghai Cruise Delay and Cancellation Comprehensive Insurance in May, 2016 after its repeated investigation, searching for market recourses, and product developing. The innovative insurance has performed good marketing mediating functions so far to settle insurance payment of total CNY 40 million for more than 30 voyage delays or cancellations caused by typhoons, fogs, covering more than 100,000 passengers. SAIB, the important service entity for the project, has played insurance broker’s coordinating strengths to provide comprehensive and complete services from the interest of cruise passengers to set up specialist project service team and to develop IT system of claim tracking.
The development of Shanghai Cruise Delay and Cancellation Comprehensive Insurance firstly assisted to resolve emergency disputes during cruise traveling with creative insurance market approach to work out the difficulties in the cruise industry of Shanghai International Shipping Center, which also is the first to form the national financial compensation standard of cruise voyage delay and cancellation to fill in the blank of services of Shanghai International Shipping Center. The insurance made the contribution to the accelerating construction of Shanghai International Shipping center, increasing shipping functions, developing shipping service industry, optimizing shipping environment and promoting the allocation of shipping resources.