Chubb Limited announced it has entered into a long-term distribution agreement with Suning, a large retailer in China.
As part of the deal, Chubb will provide personal and general insurance products to Suning’s customer base, which includes 230 million registered e-commerce customers and 130 million members of Suning Yifubao, the retailer’s online payment processing platform. Chubb’s initial product focus will include accident and health, travel, homeowners, personal device and package policies for small to medium-sized enterprises, the company said.
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