Related News
Quick development
CHINA will speed up the development of re-insurance, shipping insurance and individual pensions in Shanghai to shore up the city's financial hub status, said the vice chairman of the China Insurance Regulatory Commission.
"We will quicken market development especially in the reinsurance segment by opening up reinsurance companies and insurance brokerages," said Zhou Yanli, vice chairman of the top insurance regulator.
The city is already reaching out to global insurers.
Lloyd's of London, the world's leading specialist insurer, set up its first subsidiary in Shanghai in 2007. Lloyd's, a society of members, is home to 44 managing agents and 62 syndicates.
Shipping insurance is another front as more innovation and products are expected to serve the industry and help build the city into a shipping center by 2020.
At the end of 2008, shipping premiums totaled 3.9 billion yuan (US$571 million), 2 percent of the country's total. Shipping premiums collected in Shanghai sat at about 600 million yuan.
"We will quicken market development especially in the reinsurance segment by opening up reinsurance companies and insurance brokerages," said Zhou Yanli, vice chairman of the top insurance regulator.
The city is already reaching out to global insurers.
Lloyd's of London, the world's leading specialist insurer, set up its first subsidiary in Shanghai in 2007. Lloyd's, a society of members, is home to 44 managing agents and 62 syndicates.
Shipping insurance is another front as more innovation and products are expected to serve the industry and help build the city into a shipping center by 2020.
At the end of 2008, shipping premiums totaled 3.9 billion yuan (US$571 million), 2 percent of the country's total. Shipping premiums collected in Shanghai sat at about 600 million yuan.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.