The regulator’s comprehensive action plan to modernise P&C insurance sector includes plans to boosting foreign investment and international cooperation.
Swiss Re says there are 45 Chinese low altitude aviation products on the market which could see premiums of CNY 8-10bn (US$1.1bn-$1.38bn) a year by 2035.
Fitch affirms 'A-' IFS rating citing strong capitalisation and government, with Chinese insurer continuing to reduce exposure to guarantee insurance business.