19 July 2019

Online insurance to stay but regulation needed, paper says

China Insurance Regulatory Commission chairman Xiang Junbo {項俊波} said online insurance should be regulated to encourage innovation, China Securities Journal reported Thursday. The government recognizes its importance to consumers and has no plans to ban it. However, thresholds should be set on market access, Xiang was quoted as saying. The regulator may introduce catastrophe insurance this year, the report said.

– Contact HKEJ at [email protected]



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