Insurance (General)  

CBIRC seeks feedback on proposals to expand personal insurance market for the elderly and children

Demographic and economic trends are set to put significant pressure on the country’s fiscal resources Policymakers’ drive to develop commercial insurance into a key supplement to existing social safety nets is an attempt to address these pressures. The special focus on providing adequate elderly care through commercial channels reflects concerns about the sustainability of China’s overburdened pensions and social welfare systems …

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