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| Chinese leaders call for faster insurance development |
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| www.chinaview.cn
2006-06-26 22:44:31
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BEIJING, June 26 (Xinhua) -- Chinese State Councilor
Hua Jianmin said here Monday that the growth of insurance industry will help
expand domestic consumption and export.
China issued a circular titled Suggestions on the
Reform and Development of the Insurance Industry here Monday, saying the country
will give priority to the development of non-life insurance, life insurance,
reinsurance and insurance intermediary sectors.
At a national meeting on insurance industry here
Monday, Hua said the insurers need to improve their corporate governance,
strengthen the management of insurance funds and broaden the investment of their
assets.
Chinese Vice Premier Huang Ju wrote an instruction to
the meeting, saying that the industry regulator needs to strengthen the
supervision to prevent and decrease risks, and protect the interests of the
insured.
Industry analysts said the country needs to put more
emphasis on agriculture insurance, medical insurance and endowment insurance.
Enditem
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