Country Profile on China - CIRC: Creating Big And Strong Insurers
Source: Asia Insurance Review | Jan 2006
Starting from this
year, as part of its commitment to the WTO, the China Insurance Regulatory Commission
(CIRC) will lift all restrictions on insurance business for international insurers.
This is good news for the country’s burgeoning number of foreign insurers
who have set up on the mainland, lured by growth rates and the promise of immense
long term potential. In an exclusive interview with Asia Insurance Review,
Mr Frank Zhang, Deputy Commissioner of the CIRC Shanghai Branch, shares
his regulatory priorities and how the Commission is keeping pace with the changes
and demands in the market.
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