trending Market Intelligence /marketintelligence/en/news-insights/trending/wseiemcsx2i9rw3ejisp3a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: China tightens issuance of new insurance licenses

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Report: China tightens issuance of new insurance licenses

The China Insurance Regulatory Commission is tightening its issuance of new licenses to insurers amid concerns over the aggressive business and investment practices of some insurers, Reuters reported Dec. 22, citing "three people with knowledge of the matter."

The commission is not expected to issue too many licenses to insurers in the near-to-medium term despite a backlog of applications, one of the people said. The move aims to reduce risks from insurers' asset purchases and trading conduct and comes as the regulator focuses on new solvency rules and its requirements to have higher capital buffers and stronger risk controls for existing insurers.

Earlier, the regulator issued stricter rules regarding insurers' investments. It also recently banned Evergrande Life Insurance Co. Ltd. from entrusted stock investment following the life insurer's frequent speculative trading of listed companies.

The regulator did not respond to Reuters' faxed request for comment.