China takes further steps to reform

A series of reforms proposed by the central government may well be the next and most important step so far in China’s wish to see its insurance industry become an established world player, comments NIK PRATT

THE Chinese State Authority (CSA), China’s cabinet, has unveiled a series of suggested reforms for its insurance industry. It is the first official document from the Chinese central government relating specifically to the insurance industry, according to Chinese media reports, and is being heralded as potentially playing a key role in the emergence of the Chinese market on the international insurance stage.