Profile on China - New Market, New Regulations and New Prospects – The Chinese Perspective
Source: Asia Insurance Review | Oct 2006
China is a new
insurance market attracting worldwide attention with the promise of rapid development
and enormous potential. In this abstract from the Geneva Papers, Mr Wu Dingfu,
Chairman of the China Insurance Regulatory Commission, (CIRC) highlights the
emerging relationship between the development of the insurance sector and the
overall social and economic situation and explains how market development, risk
prevention and risk mitigation are the core elements of insurance regulation.
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