News Asia23 Jan 2013

Shanghai to set up China's 1st shipping insurance group

23 Jan 2013

The Shanghai Insurance Regulatory Commission (SIRC) is working on establishing a shipping insurance association, which will be led by three of the biggest shipping insurers in the city - PICC, CPIC and Ping An - that occupy over 50% of the city's shipping insurance market, according to a statement by the regulator.

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