Foreign insurers unfazed by market obstacles

Foreign insurers in China are weighing massive market potential against challenges like regulatory hurdles and high staff turnover, according to a new survey.

These challenges are spurring insurers to consolidate alliances with local partners, the PricewaterhouseCoopers (PwC) survey said.

Local commercial banks can now operate through subsidiaries in the insurance sector, making tie-ups more crucial for foreign insurers.