What’s new: China is studying rules to govern risk disposal by property insurers to establish a standardized and market-oriented mechanism, according to a senior regulatory official.
The regulator will mobilize resources to advance risk disposal by high-risk insurance institutions and work on regulations to establish a well-functioning mechanism for market-oriented, rule-based, standardized risk disposal, Li Youxiang, director of the property insurance department of the China Banking and Insurance Regulatory Commission (CBIRC), wrote in an article published by an industry journal backed by the commission.
