Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

CIRC introduces property rate guidelines

Laura Board 11 January 2017

The China Insurance Regulatory Commission (CIRC) has issued new guidelines on property insurance premiums designed to ensure rates are "reasonable, fair and adequate".

The CIRC said it wants to protect "the legitimate rights of the insurance consumer" while maintaining industry stability.

It noted that property insurance products currently on the market are "numerous and complicated", and that a lack of historical data creates the potential for pricing risk.

The guidelines are among a raft of proposals and directives recently issued...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.