Insurance Law

New regulations from banking and insurance authorities aim to better monitor the burgeoning bancassurance market. Foreign insurance companies can expect a long-term and robust relationship with regulators if they cooperate, and are advised to develop suitable products for Chinese customers and lend their experience to the market

Insurance institutions not allowed to provide external security.

An umbrella law on five types of social insurance promulgated.

New rules highlight risk control for insurance sales at banks

China's new social insurance law demonstrates the government's aim to promote equality among all those residing in China, however, more regulations are needed to implement the principles of coverage

The law comprises five types of social insurance: basic old-age insurance, basic medical insurance, occupational injury insurance, unemployment insurance and maternity insurance.

CSRC controls margin trading of insurance companies and prohibits speculation.

Social Insurance Law consolidates provisions in various social insurance-related regulations

China's insurance regulator has been busy in recent months, releasing a series of legislation that widens investment channels for insurance capital and provides risk management guidelines to insurance funds. The horizon is bright for insurance companies and those benefiting from the fresh injection of capital