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Life Insurance Industry Needs Reforms - Expert

CHINA PRESS

China needs reforms to develop a high-quality life insurance industry, according to Ma Xueping, chief accountant of the China Banking and Insurance Regulatory Commission. Ma said China needs better pension and medical insurance to deal with its aging population, and must build a competitive unified marketplace where firms can form comparative advantages. The industry can use big data and AI, and focus on attracting long-term, high-quality debt sources. (Source: 21st Century Herald).

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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