News China22 Mar 2019

CBIRC proposes evaluation system for bancassurance operations

| 22 Mar 2019

The insurance regulatory authorities have drafted a regulation, to be called "Administrative Measures for Commercial Banks' Insurance Agency Business" to address issues in bancassurance such as entry to the channel and exit from it, practitioners, market behaviour, and evaluation mechanisms. The overall goal is to curb mis-selling and violations related to handling fees.

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