Technological advances have created new opportunities for the manufacturing industry. As a result, new and more complex risks have emerged. Changes in market dynamics show that the development of electronic systems increases the risk of product recall. Nowadays manufacturing process is under the control of technology progressively, and physical objects are being virtually controlled, so network and liability risks are increasing.
Sunwising provides a comprehensive portfolio of property insurance, liability insurance and other insurance for a large number of enterprises with similar or homogeneous risks. Insured through a master policy and unified business processes. In addition, we also tailor the insurance plan that suits the needs of the market for customers, and provide guarantee to the sales of customers' products.
In order to cope with the rapidly changing economic environment and fierce market competition, manufacturing industry starts to concentrating on innovation-oriented and global development. This is followed by manufacturers' global financing, production, marketing, service and R&D, all of which trigger new risk factors. Manufacturing in emerging markets, including Chinese investment, must assess risk and purchase insurance to accommodate global competition.
Our client
Our automotive and heavy industry teams provide a package of insurance and risk management services to all companies in the following industries:
• Steel
• Heavy equipment
• Automobile
• Automobile parts
• Rail
• Aircraft and components
Our risk solution
We offer a package of risk management solutions including:
• Risk financing, including traditional risk management planning, and non-traditional risk financing package, such as professional self-insurance
• Risk analysis and quantification, including retention risk analysis, risk financial models, and emerging risk identification
• Global risk management or insurance program coordination
• Product recall risk assessment and recall plan
• Merger and M&A Due Diligence Report
• Business continuity planning
• Supply Chain Risk Management Consulting
• Asset and project risk control consulting
• Total risk cost analysis
• Insurance procurement and maintenance services
• Claims Management Service