PVTIME – Chinese Solar company Hanersun announced the renewal of its strategic partnership with Munich Re, one of the world’s leading reinsurers, and Willis, one of the world’s largest insurance brokers.
The agreement, signed by Deming Liu, Manager Assistant of Hanersun, Sinney Leung, Director of PV Business Development from Munich Re and Eileen Yang, Head of PV Bussiness, marks a milestone moment in deepening co-operation between the three parties. extends Munich Re’s reinsurance services to Hanersun’s full range of solar products for 2024.
According to the agreement, Munich Re will back Hanersun’s 15-year quality and 30-year power warranties for its solar modules (applicable to all photovoltaic module products, including facial and bifacial), mainly covers the losses caused by technical risks.
On behalf of Munich Re,Sinney Leung expressed confidence in Hanersun’s quality commitment after a thorough review of its production processes, aiming to boost customer trust in PV product longevity and reliability.
“Since Hanersun’s founding, quality has been our top priority. We are very proud to establish a long-term partnership with Munich Re. It not only provides protection to our clients and investors, but also marks a significant step in our global market success,” stated Deming Liu, Manager Assistant of Hanersun.
Eileen Yang said, as one of the first insurance brokers to set up a power and new energy department, Willis mainly serves PV first-tier brands and is one of Munich Re’s largest partners in China. In recent years, the photovoltaic industry has been developing rapidly, and Hanersun has made a lot of achievements in the domestic and international markets. We hope that through this tripartite co-operation, we can enhance the brand influence of Hanersun in the global market together.
As a pioneer in the photovoltaic industry, Hanersun always focuses on technological innovation and insists on promoting the development of the new energy industry with quality products and services. In the future, we will also join hands with Munich Re to inject more powerful impetus for the innovation and progress of the global new energy field.
About Hanersun:
As a global energy technology front-runner, Hanersun has delivered over 12GW of solar modules worldwide and is known for its 600W+ and 700W+ solar module innovations.
About Munich Re:
Established in 1880 in Munich, Germany, Munich Re operates in over 160 countries, specializing in PV insurance and risk management.
About Willis Towers Watson:
Willis Towers Watson is a leading global consulting, brokerage and solutions company with 45,000 employees in more than 140 countries. Willis’ Power & New Energy team has developed a close strategic relationship with Munich Re on PV warranty products, serving a number of leading PV companies in China.
