To manage risk, insurers advised to take multi-pronged approach
Insurance regulator aims to develop discipline of risk management and mitigation
Issue: September 2010
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insurance
CIRC
Paul Hastings
Insurance companies need to adopt a multi-pronged approach to better control risks and maintain close supervision on key matters to ensure a diversified investment portfolio, say counsel.
China’s insurance regulator has expanded the scope of investment products for insurers, while re-emphasising its restrictions on direct investment in the real estate market. Taking effect on August 31, the new rules have set out detailed investment ratios in certain sectors.
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