Core Viewpoint - The insurance demand for Chinese enterprises going abroad is increasing, but the domestic insurance industry faces challenges such as insufficient supply and weak service capabilities [1][4]. Group 1: New Insurance Demands - The insurance needs of Chinese enterprises going abroad are diverse, including cargo insurance, product liability insurance, and various project-related insurances [4]. - The rapid growth of China's new energy vehicle (NEV) exports presents new opportunities for insurance services, with NEV exports reaching 1.758 million units from January to September, a year-on-year increase of 89.4% [7]. - Domestic insurance companies are focusing on overseas markets, particularly in developing countries, to seek new growth avenues amid fierce competition in the domestic auto insurance market [6]. Group 2: Challenges in Providing Insurance - Domestic insurance companies face challenges such as data difficulties, compliance barriers, insufficient service network, and special risk management capabilities when providing insurance for NEV exports [8]. - The lack of understanding of local driving environments and repair costs complicates accurate pricing for NEV insurance [8]. - Compliance with diverse regulatory requirements in different countries adds pressure on domestic insurers when designing coverage terms [8]. Group 3: Innovative Solutions - To address the challenges, domestic insurers are exploring partnerships with local insurance companies to facilitate insurance issuance and claims processing in overseas markets [9][10]. - The Shanghai International Reinsurance Registration Trading Center is being utilized to enhance the efficiency of cross-border insurance transactions [11]. Group 4: Evolving Risk Management Needs - As NEV exports increase, there is a growing demand for insurance solutions related to battery lifecycle management, especially with the upcoming EU battery passport regulation [13]. - Insurance companies are collaborating with professional institutions to integrate battery health monitoring services into the insurance process [14]. Group 5: International Engineering Insurance - The demand for international engineering insurance services is also rising, with China's overseas contracting business reaching a revenue of 876.4 billion yuan, a year-on-year increase of 12.2% [18]. - New types of risks, such as geopolitical risks and cybersecurity threats, are emerging, prompting companies to seek tailored insurance solutions [18][20]. Group 6: Industry Challenges - The domestic insurance industry faces challenges such as insufficient product supply, lack of pricing capabilities, and inadequate service capabilities in supporting enterprises going abroad [21]. - There is a need for improved data platforms, global networks, and innovative reinsurance solutions to empower insurance companies in their international endeavors [22].