Insurers need to focus on value-added biz

BIZCHINA / China Insurance

Insurers need to focus on value-added biz

(chinadaily.com.cn)
Updated: 2007-07-12 17:02

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According to an insurance commissioner, life insurance companies need to
adopt more long-term strategies and stick to value added businesses
instead of relying on premium income numbers.

A life insurer cannot be assessed merely in terms of premium income or
company scale, according to Chen Wenhui, assistant to the chairman of the
China Insurance Regulatory Commission (CIRC).

Chen said life insurers in China should exert their own core competence,
make use of their advantages in risk management and long term asset
management services, and combine damage compensation with long term
saving functions.

...

The full text is available in the China Insurance.

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20071121-Zhang Extracted From http://www.hellomandarin.net