Insurance News Daily

China may be home to one of the fastest growing insurance markets on the planet, but Xiang Junbo, chairman of the Chinese Insurance Regulatory Commission, says that the industry is faced with major challenges this year. Last year, Chinese insurers saw return on investment results drop by 3.6%. When coupled with the now notorious natural disasters of 2011, the results have rocked the nation’s insurance industry somewhat. Regulators say that…

China has announced that they will be pushing forward with sweeping health care reform this year. The focus for the first phase of the reform is expanding insurance for the growing urban population and providing higher subsidies for the poor. These plans are outlined in a document released by the State Council, China’s Cabinet, via their website on Thursday. China’s public health system has struggled with minimal funding for years….