SAIC partners Lockton to cover overseas manufacturing sales risks

The deal links SAIC Motor Insurance with cross border support for after sales activities abroad.

SAIC Motor has partnered with Lockton and its own captive insurer, SAIC Motor Insurance Co., Ltd., to streamline its global expansion. 

This collaboration focuses on risk management, tailored insurance solutions, and cross-border support to drive high-quality, sustainable growth for China’s automotive industry abroad.

The partnership will focus on risk management, insurance solutions and cross-border operational support as SAIC continues to internationalise its brand and expand its presence in overseas markets. 

Under the partnership, SAIC Motor Insurance and Lockton will work on insurance and risk management solutions covering overseas manufacturing, sales and after-sales activities. 

The cooperation also aims to align risk management more closely with technological development and the application of international standards, with the goal of improving operational resilience and cost predictability for Chinese automotive companies operating abroad.

The two companies will also explore insurance structures for overseas markets, after-sales risk protection and solutions related to data, cybersecurity and technology risks. 

This includes risks linked to intelligent connectivity, advanced driver assistance systems and over-the-air software updates, which are subject to varying regulatory requirements across different countries.