PING AN WILL OFFER MORE INVESTMENT-RELATED PRODUCTS

China-based assurer Ping An has been given approval by the China Insurance Regulatory Commission (CIRC) to create two more savings-related assurance products, both of which will be linked to fund investment. In the past three months the CIRC has approved eight assurers that have applied to launch investment-style insurance products. Applicants have included joint ventures with ING, Cigna, Generali and AIG subsidiary AIA.