Best’s Special Report: China’s Reinsurers Operating in an Increasingly Difficult Market
The Best’s Special Report, titled, “Reinsurance in
According to the report, life and non-life reinsurers also need to be wary of potential competition from
Regulations and government policies will continue to play a large role in steering the direction of China’s reinsurance industry’s development, while also indirectly impacting reinsurance demand. As the market prepares for the second phase of C-ROSS, one task will be to further optimize the solvency regime and recalibrate insurance risk charges for health, motor and credit lines, which may further reshape the non-life reinsurance environment. On the life side, the market has entered a new stage of transformation. Whether financial reinsurance’s strong historical growth will continue is dependent on potential regulatory decisions and an increasingly competitive market environment. As regulators push the industry to refocus on protection and serve the real economy, protection reinsurance will grow, fueled by rapid growth in the direct market.
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=268720.
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