RELEASE: DAS Solar signs contract with Munich Re and WTW to guarantee module performance

(Information sent by the signatory company).

RELEASE: DAS Solar signs contract with Munich Re and WTW to guarantee module performance

(Information sent by the signatory company)

QUZHOU, China, March 3, 2023 /PRNewswire/ -- On February 20, 2023, DAS Solar announced its collaboration with Munich Re (hereinafter referred to as "Munich Re) green technology solution team and broker Insurance company Willis Power and New Energy Team in PV module warranty insurance DAS Solar's 2023 PV module production that was sold regionally and internationally will be protected by insurance from Munich Re and its main insurance partner.

As the reinsurance market leader, Munich Re's policy acts as a strong backbone for the DAS Solar photovoltaic module and enhances the company's credibility. To meet international PV warranty requirements, Munich Re's PV module warranty policy offers a 25-year warranty for single-glazed modules and a 30-year warranty for double-glazed modules. Product and performance warranty risks for the entire life cycle will be largely transferred to this insurance policy.

Kollsman Chan, deputy director of Munich Re, stressed that Munich Re cares about the quality of manufacturers, who actually avoided offering poor quality control policy to manufacturers through risk assessment and factory audit. DAS Solar passed the evaluation demonstrating its dedication to high quality products and adopting only reliable technology. Kollsman hoped that DAS Solar would achieve commercial success through the collaboration with Munich Re.

"As one of the first insurance brokers to set up a new energy department," explained Lv Yuxiang, director of Willis Insurance Brokers, "Willis mainly serves top-tier PV brands and is Munich Re's largest partner in China. In recent years, with the rapid development of the photovoltaic industry, DAS Solar has become a new top-level brand in the photovoltaic industry in four years.I hope we can enhance the influence of the DAS Solar brand in the global market through through this tripartite cooperation.

Vincent Cao, Senior Vice President of DAS Solar, said: "With Munich Re as the risk transfer partner for this year, DAS Solar can dedicate more resources to improve our products and services. Both regional and international customers of DAS Solar will reap the benefits of insurance by Münchener Rück". In the future, DAS Solar will continue to expand its presence and develop more high-quality, high-efficiency PV products to support international customers.

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