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Reinsurance sector rules on the way
(newsphoto)
Updated: 2004-08-10 09:24
A Chinese man walks past
an advertisement billboard of Generali China Life Insurance Co Ltd. An
official with the China Insurance Regulatory Commission (CIRC) said a
widely-watched regulation on reinsurance companies, which encourages
insurers to cede premiums domestically, is expected to come out by the end
of this year.The increasing presence of foreign reinsurers will benefit
the Chinese market with greater underwriting capacity, better competitive
environment and faster technical improvements, the insurance watchdog
says. [newsphoto] |
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