China Cools Off Bancassurances

Ng, Rebecca
October 2008
Best's Review;Oct2008, Vol. 109 Issue 6, p10
Trade Publication
The article reports that the China Insurance Regulatory Commission (CIRC) is requiring domestic insurers to strengthen their risk management through consolidation business structures and slowing growth in the investment-linked bancassurance market in China. The CIRC noted that premium income of life insurance sector has increased by 66.7% in the first seven months of 2008. According to regulator, the ongoing market fluctuations could lead to serious problems.


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