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Chinese businesses increasingly require insurance as they expand overseas

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Insurance experts have said that Chinese businesses will increasingly need insurance as they expand overseas and deal with a challenging Internet business model, reported Shanghai Daily.

Clare Wu, chief executive of Aon-COFCO Insurance Brokers Co. Ltd., said that firms would face political and legal challenges in mergers and acquisitions activities abroad. "Such expansion exposes companies to risks that can be mitigated by insurance," said Ms. Wu.

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