Chinese insurers asked to examine business risks

The China Insurance Regulatory Commission has asked insurers to examine their business risks and strengthen their risk controls, Reuters reported citing Caixin.

Insurers have been asked to examine risks in their product offerings, their use of funds, repayment ability, debt burden, administration practices and other areas. Chinese insurers' investments in risky assets have prompted increased regulatory scrutiny in recent months.

http://www.reuters.com/article/china-insurance-risks-idUSL3N1AK1Q0

Read more