China and India reshape reinsurance market
Friday, 11 25 2016, Category: Insurance and Reinsurance, Country: Asia
The competitive landscape for reinsurance in China and India are changing significantly through the introduction of a new regulatory regime and the liberalisation of the market, said S&P Global Ratings.
In China, the new insurance regulatory regime and other government initiatives, combined with the sector's potential for growth, represent big opportunities for the sector, according to the ratings agency.
"Three domestic reinsurers have won licenses to operate in China in the past year in what we believe is a trend that will ultimately change the landscape of the country's reinsurance sector," said S&P Global Ratings credit analyst Eunice Tan.
Source: Intelligent Insurer