Property and Casualty Insurance

As with many facets of China’s financial system, regulators are focused on ensuring that property insurers are run properly, have adequate financial strength, and …

China is seriously underinsured, so expanding the scope of insurance coverage is a major priority for the CBIRC. The corporate sector is especially exposed to risk through events such as explosions, major accidents, and natural disasters, and needs to do more to manage and mitigate risks…

As climate change exacerbates the frequency and intensity of natural disasters, policymakers want to ensure that sufficient financial infrastructure is in place to mitigate human and economic damage. This includes ensuring that insurance claims are handled efficiently and professionally.