New World P & I Service Co., Ltd headquartered in Shanghai, was established as a national professional insurance brokerage firm in 2008 accredited by the China Insurance Regulatory Commission (CIRC), with a registered capital of RMB 10 million.

New World P & I Service Co., Ltd specializes in marine insurance brokage such as Hull Insurance, P & I Insurance, Charterer Liability Insurance and Cargo Liability Insurance. It has always been adhering to the corporate philosophy that "Service Creates Value" by providing excellent risk solutions and all-around claim services for major Chinese shipping companies. Its greatest aspiration is supporting Chinese shipping industry and serving marine finance. It holds firm its immutable promise that “Whenever needed, we go all out” to clients. In years of practice, the company offers full-tracking claim services whenever an insurance accidents happens, including assisting clients to react on the scene and contacting the insurers. In this way, it guarantees efficiency and effectiveness of handling claims and protects clients’ interests to the greatest extent. In return, it has built a good reputation and prestige among the clients. The company, based on its rich experience in handling claims, offers clients free consulting services for the non-insurance disputes. It also updates clients all kinds of information such as typical industry risks, industry trends, and new industry rules in the form of circulars so as to minimize their operational risks. These services have become the core of the company. Every employee must acquire expertise through years of training before providing professional services with the clients. Its will to assume more responsibilities builds a profound and precious friendship with the clients and lays solid foundation for the company to modernize the insurance brokage. New World P & I Service has gradually set up its unique corporate character and image.

New World P & I Service attaches great importance to services whose advantage comes from professional personnel. In order to keep improving its services, the company is committed to fostering teams of high quality. Currently, it has about 30 employees, most of whom graduated from prestigious domestic and foreign marine universities. The company also embraces elites from insurance companies, shipping companies and law firms. It pursues open and effective personnel policy with the concept of “talents with independent thoughts and free spirit ”. The company proceeds to explore the initiatives and potentials of the employees and encourage them to utilize their expertise. Working in an interdependent and cooperative atmosphere, each employee cultivates his unique traits, with the company reaping a strong team with powerful executive force to better serve the clients.

New World P & I Service maintains a stable cooperative relationship with famous insurance companies at home and abroad. It has become the main marine insurance brokage channel of International Group of Protection and Indemnity Associations, QBE, RaetsMarine, PICC, China Pacific Insurance and Ping An Insurance and it is also an important cooperative partner of MMIA,EOM,BSM and China Continent Property & Casualty Insurance. The company has received much support and respect from major insurers and gained recognition from most insurers. Due to its reputation, New World P & I Service gets multiple useful sources to better serve the clients. It has achieved a win-win situation for all parties.

Not for a minute has New World P & I Service forgotten to shoulder its corresponding social responsibilities during its growth. It has set up scholarships to help students from poor families in Dalian Maritime University and Shanghai Maritime University to finish study and realize their dreams. The company also actively cooperates with universities on fostering talents. For example, it regularly carries out exchanges with Dalian Maritime University and Shanghai Maritime University and it is the teaching internship base of students in these two universities. Staff of the company with a deep sense of responsibility participate vigorously in exchanges and studies to improve themselves.

In the future, New World P & I Service will continue to hold its corporate philosophy and grow into a modern learning-oriented enterprise featuring “regarding service as guidance, client interest as core, talents as basis and team as power ”. Its goal is to become a comprehensive modern insurance brokage company and to demonstrate the world the image and competency of Chinese insurance brokers.