Insurance regulator pledges reform
By Feng Jianmin |
June 30, 2013, Sunday
|
Print Edition
Print Edition
Reforms are needed to boost China's insurance sector, as it is seriously undersized compared with economic output, China's top insurance regulator told the forum yesterday.
Reform tasks include deregulating life insurance product pricing, expanding investment channels and encouraging insurance companies to better serve customer needs, said Xiang Junbo, head of the China Insurance Regulatory Commission.
"We will focus on reforms to sustain the sector's healthy growth," Xiang said.
The annual increase of China's insurance premium revenue has slowed to around 10 percent since 2011, compared to more than 20 percent in the decade before.
The regulator's data showed last week that insurance premium income totaled 774.4 billion yuan in the first five months this year, 9.4 percent more than the same period last year.
Xiang pledged to accelerate reform that will lift the interest rate ceiling of 2.5 percent for life insurance products.
Reform tasks include deregulating life insurance product pricing, expanding investment channels and encouraging insurance companies to better serve customer needs, said Xiang Junbo, head of the China Insurance Regulatory Commission.
"We will focus on reforms to sustain the sector's healthy growth," Xiang said.
The annual increase of China's insurance premium revenue has slowed to around 10 percent since 2011, compared to more than 20 percent in the decade before.
The regulator's data showed last week that insurance premium income totaled 774.4 billion yuan in the first five months this year, 9.4 percent more than the same period last year.
Xiang pledged to accelerate reform that will lift the interest rate ceiling of 2.5 percent for life insurance products.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
