Date
16 August 2017

Shenzhen gives nod to natural disaster insurance, paper says

The Shenzhen municipal government has formally approved the launch of a natural disaster insurance scheme in the city, the Shanghai Securities News reported Thursday, citing the Shenzhen bureau of the China Insurance Regulatory Commission. The new insurance scheme will be supported by direct funding from the city government, a natural disaster fund, as well as individual purchases. The fund will also accept donations to serve as a back-up capital pool, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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