Summary：An insurance contract has been signed for Nanning Urban Rail Transit Line 1 project in China. Ping An Property and Casualty Insurance Company of China is the lead insurer.

An insurance contract has been signed for Nanning Urban Rail Transit Line 1 project in China. Ping An Property and Casualty Insurance Company of China is the lead insurer, while the joint insurers are China Life Property and Casualty Insurance Company, China Continent Property & Casualty Insurance Company, PICC Property and Casualty Company and Sunshine Property and Casualty Insurance Company. The total premium is around CNY 100mn (EUR 12.36mn USD 16.03mn), while the total insurance amount is over CNY 16.6bn. The insurance agreement was signed at Nanning Rail Transit Co on 30 October 2012.