New direction to ride out perfect storm
By Li Xiang | China Daily | Updated: 2017-01-06 06:54
Lloyd's sees gross written premiums on China platform more than doubling in 2016
What Lloyd's of London chairman John Nelson sees is a "perfect storm" facing the global insurance market.
He says the exceptionally low interest rates and the excessive amount of capital in the insurance sector are driving down both investment returns and premiums for insurers.
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