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The Development and Regulation of China's Insurance Market: History and Perspectives
Author(s) -
Chen Bingzheng,
Tennyson Sharon,
Wang Maoqi,
Zhou Haizhen
Publication year - 2013
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/rmir.12012
Subject(s) - china , business , insurance industry , market economy , economics , actuarial science , political science , law
China's private insurance market has been developing rapidly since the 1980s. Regulation of the market has developed in tandem with its growth. This article provides a systematic overview of China's insurance regulatory system and the evolving process of insurance supervision and regulation. The nature and direction of regulatory changes are evaluated in light of theories of public reform and the special character of China among developing economies.