Nov 18th, Thursday, Wuxi, China. The Wuxi based China PV Module manufacturer, Sunova Solar today signed strategic cooperation agreements with both Ping An Insurance and the Lloyd's. Ping An Insurance starts to provide 25 years of power loss compensation liability insurance services for Sunova Solar’s module products and the insurance will be reinsurance supported by world-famous insurance institution, the Ariel Re of Lloyd's London.
The cooperation with Ping An and the Lloyd’s reflects the recognition of Sunova Solar’s PV module products by Tier1 insurance companies due to its quality, reliability, and credibility. The module products of Sunova Solar are now true rival to those from Tier1 module manufacturers. For Sunova Solar’s customers, the products with insurance support from world famous insurance companies have high credibility and bankability which help them to easier meet overseas financing requirements.
Representative from Lloyd’s expressed on the ceremony: “Sunova Solar has state of art automotive production lines for PV module manufacturing. Meanwhile, the product quality control system and product reliability have passed the approval of relevant authoritative testing institutions, and also meet the underwriting requirements of Ping An Insurance and the Ariel Re of Lloyd's London. We believe this cooperation between the two parties can better remove customers' worries about the quality and attenuation of PV products, and to improve the risk resistance and financing ability of PV project.”
“The signing of insurance agreement with Ping An Insurance and reinsurance agreement with the Lloyd's, is not only the recognition of the quality of our PV product, but also an encouragement to all people of Sunova Solar. In the future, the company will always stick to product quality and continue to provide customers with high-quality module products and high-efficient services” Said Mike Song, chairman of Wuxi Sunova Solar.