ZhongAn Insurance forms new strategic and investment decision committee

ZhongAn Online P&C Insurance Co., Ltd. (Stock Code: 6060) announced the establishment of its Strategic and Investment Decision Committee, formalized by a board resolution on July 20, 2021. This committee is tasked with providing professional advice to the board on crucial matters including corporate development planning, strategic asset planning, investment strategy, asset and liability allocation, and ESG management.

The committee's composition requires a minimum of three directors, with the chairman possessing relevant asset and liability management experience. Meetings are to be held at least annually, or more frequently as needed, with a quorum of not less than two members. External advisors, senior management, and other directors may be invited to attend, though only committee members hold voting rights.

Key responsibilities include reviewing proposals for development plans, management systems for insurance funds, investment decision-making procedures, and annual investment plans. The committee will also evaluate the impact of business planning on asset and liability matching, identify ESG risks, and monitor ESG-related targets and indicators. The company will provide the committee with sufficient resources, including access to independent professional advice from legal, accounting, and ESG advisors.